“I am shorting a stock market index in the US, I am shorting an emerging market index and I am shorting one of the large western international financial institutions.
It is an emerging market index; it is not a specific country. It is an index of many emerging markets and that is mainly because the emerging markets have grown more than most things here during this big recovery. So that is where some of the excesses are developing.
As far as the large western banks is because it is a bank which people think is extremely sound if I am right, there are going to be more currency problems and more turmoil in the markets, it will have to come down.”
in Economic Times (India)
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