'You Tubing' ourselves is cool. It allows us to pump our own tires and also feel shame. Using the chart below as a proxy for our successes being short India in 2008 is the kind of You Tubing that we like!
As inflation began to accelerate (on the margin) in November of 2007, we became cautious on Asia, overall. Then, as Asian growth began to slow in Q1 of 2008 and inflation continued to ramp, we got aggressively short.
Today's inflation data out of India (see chart) confirms a new "Trend" (intermediate term) call we are making on Asia. We remain long China, and covering our short position in India. This isn't our religion. It's math.
KM
As inflation began to accelerate (on the margin) in November of 2007, we became cautious on Asia, overall. Then, as Asian growth began to slow in Q1 of 2008 and inflation continued to ramp, we got aggressively short.
Today's inflation data out of India (see chart) confirms a new "Trend" (intermediate term) call we are making on Asia. We remain long China, and covering our short position in India. This isn't our religion. It's math.
KM
