(Bloomberg) Crispin Odey, the hedge fund manager who has stuck to bearish bets despite booming global markets, is shorting metal stocks in anticipation of slowing economic growth in China. Miners from Glencore Plc to BHP Billiton Ltd. have jumped since late June, along with the prices of iron ore and steel. To Odey, the gains — driven by China’s capacity cuts — only mask weakness in the world’s largest consumer of commodities. Chinese economic growth will slow as monetary tightening takes effect, a higher base kicks in and stimulus to sustain growth before a key political meeting fades, he said.
Bearish Odey Shorts Metal Stocks on China Slowdown
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