Europe's 'Banking Depression' (video); Sohn Conference New York May 4

Carl Weinberg: Europe's Stuck in a 'Banking Depression:'

Video above: Europe in a 8-year "banking depression" says Carl Weinberg, chief economist at High Frequency Economics [hifreqecon.com]. He and Jeff Degraaf, chairman at Renaissance Macro [renmac.com], examine the European economy and the need for fiscal stimulus as the banking industry faces an eighth straight year of crisis. They speak on "Bloomberg Surveillance," May 2, 2016.

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CNBC Sneak Peek | 2016 Sohn New York Investment Conference:

Evan Sohn discusses the upcoming May 4th New York Sohn Investment Conference. Joining him in the CNBC studio is 2015 Sohn Investment Idea Contest winner, Angelo Martorell. Published April 21, 2016.

Sohn Investment Conference | SOHN May 4, 2016 David Geffen Hall, Lincoln Center 10 Lincoln Center Plaza New York City: Since 1995, the world-renowned Sohn Investment Conference, held annually in New York, has been the premier investment event, bringing the world’s savviest investors together to share fresh insights and money-making ideas to benefit the Sohn Conference Foundation’s work to end childhood cancer.

AGENDA:
12:00 Opening Remarks: Doug Hirsch, Co-Chair, Sohn Conference Foundation
12:05 Larry Robbins, Founder, Portfolio Manager and CEO, Glenview Capital Management LLC
12:25 Carson Block, Chief Investment Officer, Muddy Waters Capital LLC
12:45 John Khoury, Founder and Managing Partner, Long Pond Capital, LP
1:05 Chamath Palihapitiya, Founder and CEO, Social Capital LP

1:25 Intermission
1:55 Jeffrey Smith, Managing Member, Chief Executive Officer, and Chief Investment Officer, Starboard Value LP
2:15 Richard Deitz, Founder, President and Fund Manager, VR Capital Group Ltd.
2:35 Stanley Druckenmiller, Chairman and Chief Executive Officer, Duquesne Family Office LLC
2:55 Eli Manning, Sohn-Manning Pediatric Cancer Survivorship Program at Hackensack University Medical Center
3:10 Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP

3:30 Intermission
4:00 Zachary Schreiber, Chairman, Chief Executive Officer and Chief Investment Officer, PointState Capital LP
4:20 Sohn Idea Contest Winner
4:35 Adam Fisher, Co-Founder and Chief Investment Officer, Commonwealth Opportunity Capital GP LLC
4:55 Dan Ariely, James B. Duke Professor of Psychology & Behavioral Economics, Duke University
5:15 David Einhorn, President, Greenlight Capital, Inc.
5:35 James Chanos, Founder and Managing Partner, Kynikos Associates LP
5:55 Closing Remarks: Dan Nir, Co-Chair, Sohn Conference Foundation

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See also reporting via thereformedbroker.com, valuewalk.com and WSJ.com

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Fortune Roundtable: Where You Should Put Your Money in 2016 (videos)

Where 5 Smart Investors Are Putting Their Money in 2016: Fortune [fortune.com]convened its annual roundtable of market experts to talk about where investors might make money in 2016. The panel included James Chanos, president of $2.5 billion hedge fund firm Kynikos Associates; Kate Warne, investment strategist at brokerage Edward Jones, which oversees $888 billion; Deven Parekh, managing partner at Insight Venture Partners, a tech-focused venture capital firm that has raised over $13 billion; Savita Subramanian, head of U.S. equity and global quantitative strategy at BofA Merrill Lynch, which has $1.9 trillion under management; and Shawn Driscoll, portfolio manager of T. Rowe Price’s $5.2 billion global natural-resources equity strategy. Here are videos of edited excerpts from the discussion. Moderator: Joshua M. Brown, CEO, Ritholtz Wealth Management. 


Here’s Where You Should Put Your Money in 2016 - Published on Dec 9, 2015 ("stay away from healthcare")



Investors Roundtable: The S&P 500 is Flat for the Year - And could be stuck there for a while.


Tech Will Continue its Winning Streak in 2016 - There’s plenty of room for investment opportunity.

Get Ready for $30 Oil - The future of commodities, raw materials, looks grim. 
(source: Fortune)


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Investing, Trading Against Machines, Jim Chanos Shorts China (video)

Kudos to Anthony Scaramucci and SkyBridge Media LLC, an affiliate of SkyBridge Capital, for acquiring rights to use the domain name wallstreetweek.com and reinventing the iconic program originally hosted by Louis Rukeyser. The program airs on Fox stations in New York, Washington, D.C., Chicago and San Francisco, and streams online at the website and on youtube.com. The legendary James Chanos of Kynikos (Greek for "cynic") Associates LP, and trader Lawrence Altman were featured on the latest episode--and they had a lot to say which may be relevant to all kinds of investors, covering many diverse topics, including China, the art market, energy stocks, the 2010 flash crash and trading against machines (HFT)--enjoy!


Wall Street Week published May 24, 2015: Short seller Jim Chanos of Kynikos Associates and trader Lawrence Altman of CBD interviewed by hosts Anthony Scaramucci and Gary Kaminsky. (Program length 28:30)

Another 3 or 4 years, China will look like Greece?

Of China's increasing debt and its threat, Jim Chanos said, "Chinese banking system is bloated and it’s basically taking out more and more leverage. That same ratio is now 300 percent. So, in five years they have more than doubled their debt-to-GDP and I joke to my Chinese friends, but somewhat half seriously, another three or four years they are going to be like my homeland Greece. They are going to be at 400 percent.”

“So, here is, here is the problem and the problem is the credit story,” Chanos said. “And the Shanghai stock market, by the way is a very bad barometer. We are not short Shanghai. We have never been short or long the the Asia market. When I started looking at China, it was 3,500, it went to 1,900 and now it’s 4,300 and when it was at 1,900 nobody told me, 'oh this means this is the end of China.' It was just the Shanghai stock market, its retail market. Now that it’s at 4,300. Everybody is coming out of the woodwork to say China is turning, it’s not.”

Domain Mondo comment and analysis: As Chanos noted in the program, short sellers are cynics and keep the system honest. Based on his assessment of China and the art market, Domain Mondo expects domain name values--particularly .COM domain names-- to continue rising consistent with overall market trends (note his comments about the Shanghai market) and wealthy Chinese buyers' preference for dot COM domains--the global online standard. See The Bull Market in dot COM Domain Names.[Note disclaimer at foot of webpage and here.]

wallstreetweek.com

skybridgecapital.com

kynikos.com

sothebys.com


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Jim Chanos on Investing: "True Alpha Is Hard To Come By"

"The Market Will Not Always See What You See"

Noise is "the cacophony of negative reinforcement"

Even domain name investors can pick up something from this Barry Ritholtz interview of James Chanos, the hedge fund manager of Kynikos Associates. They discuss portfolio management, short selling, psychology and behavioral finance, government reform, China and more. Masters In Business airs on Bloomberg Radio.

Business Insider India: "Jim Chanos is a Wall Street stalwart, and founded his short-only firm Kynikos (Greek for 'cynic') back in 1980s. One of his more famous moves was shorting Enron, several months before its bankruptcy. He's recently been arguing that China's economy is overheated "due to its dependence on property development for growth." And on May 15, Chanos told CNBC that he would "no longer be long on the Macau casino." Macau happens to be the only place in China where casinos are legal, and revenues have been down in June (by 3.7%), July (by 3.6%), and August (a far worse 6%)"


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