Bloomberg: Jim Chanos Says Markets Hope Pence Replaces Trump as President

NEW YORK – Greek-American short seller Jim Chanos lambasted a “dysfunctional” Trump administration, saying the markets hope that Vice President Michael Pence becomes president, Bloomberg reports.

Chanos is the founder of Kynikos Associates, a $3 billion New York hedgefund that specializes in short-selling.

He has supported Democratic candidates and said investors want a “more stable” person who can enact the Republican agenda.

“At the end of the day, the markets are looking for tax cuts and lower regulation,” Chanos told the media at the SkyBridge Alternatives Conference in Las Vegas. “As I joke to my Republican friends, it’s great to have lower taxes on capital gains and income, but unfortunately, under Republican presidents you have no income.”

Read the complete story at Bloomberg:


ATHENS - A regulation in an omnibus bill will allow repatriated Greeks from Albania and the former Soviet Union to receive full national pensions, Labor and Social Protection Minister Kostis Hatzidakis said during a discussion in Greek Parliament on Tuesday.

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TNΗ’s Happenings of the Week by Eraklis Diamataris

NEW YORK – The National Herald’s Happenings of the Week as have been reported at the print and digital editions of TNH and presented by the TNH Editor Eraklis Diamataris.

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