High profile short seller Jim Chanos believes that the market still has more to fall as investors are not prepared for interest rates continue to rise. “That’s the one thing that people are not prepared for still, is interest rates resetting meaningfully higher because it hasn’t happened in most investors’ lifetimes,” Chanos told Bloomberg's "Odd Lots" podcast on Wednesday. “The idea that actually interest rates are not going to be 2% or 3% for the foreseeable future is going to be hard for a lot of investors to deal with.” "I still have lots of shorts in my portfolio where the companies are barely profitable and they are trading at, you know, 30 times cash flow and 40 times cash flow still, after the declined," Chanos said. Chanos blames the current market instability partly on the Fed's decision in late 2018 to pivot to a stance of easier monetary policy. He
XRP Price Prediction For March 13
