Jim Grant: Is this moment, considering all things, the craziest juncture in finance that you have seen?
Jim Chanos: I would say broadly yes, only because other times that we have sort of deemed the market to be "crazy," often it was in a narrow area or it was in a specific large group of businesses or stocks, and now in 2018 we are looking at a kind of global craziness, and we're looking at it broadly. That there's debt buildup, speculation in a variety of areas, you've got low returns in lots of businesses that is being financially engineered by share buybacks and a variety of other things to prop up the businesses. And so, yah, I think this is much broader than 1999 or '87, or 2007 even.
~ Jim Grant interview of Jim Chanos, RealVision.com, February 10, 2018