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Crescat Capital: China 'the Mother of All Credit Bubbles' Is Bursting
Crescat Capital Q2 letter to investors on the China credit bubble and why its a good short. Our current three best macro ideas today are complementary plays on the unwinding of currency and financial asset bubbles at a likely peak of a global capital cycle, the most leveraged in history: Shorting US stocks at proven, historic-high valuations relative to underlying fundamentals