In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough answers a subscriber question regarding the Evergrande scandal, and the potential for the Chinese credit crisis to become a financial contagion and spread to other markets.
“I’m not going to say this doesn’t matter, but I’m making a sh*t ton of money on it with my short China position. It does not matter to our long positions. But if you need that to matter, so that you sound ‘smart’ or ‘right’ (or that you could be right), you’re selling advertising, not an investment process.
The beginning of ‘the end of the world’ is always going to happen according to Zerohedge… That said, we have timed every effing Quad 4 crash in the U.S. stock market that has happened since Hedgeye’s creation... And when it does, we’ll turn on an effing dime." - Keith McCullough