Tuesday, September 12, 2017

Tyler Durden — "It's Not Worth Fighting" - Hedge Funds Are Dumping Their China Shorts


Same people that shorted US Treasuries on the announcment of QE and rode it to the bottom?
Just last week, Corriente Advisors’ Mark Hart announced the end of a seven-year options position that would’ve seen a massive payoff if the yuan dropped 50%. As we noted, he’d spent $240 million rolling over the options....
ROFLMAO.

Zero Hedge
"It's Not Worth Fighting" - Hedge Funds Are Dumping Their China Shorts
Tyler Durden

6 comments:

Michael Norman said...

Hahahahahaha!! Jim Chanos. Hahahahahaah.

Matt Franko said...

No appreciation of govt authority.... probably all libertarians....

Ignacio said...

Matt indeed, most of those "hedgies" believe in "bond vigilantes" (think of themselves as ones) and that "munnie falls from the sky".

They are incapable of understanding...

Matt Franko said...

It's like they are children who don't know about sex yet (maybe 8 or 9 years old?) and don't know "where babies come from "... past the "stork" metaphor but still don't have the cognitive ability to understand human reproduction...

Matt Franko said...

"the stork" = "money grows on trees"

Matt Franko said...

Their cognitive brain development is similar to an 8 or 9 year old in this regard... to put a number on it..