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Jim Chanos Reveals and Explains His Newest Short Position

July 17, 2013 | About:

Drum roll please...

The newest short for Chanos is Caterpillar (NYSE:CAT).

The reason for this short is that Chanos believes that the bull cycle in resources caused by the Chinese construction boom is about to end.

Chanos goes through the numbers with respect to how mining capital spending is likely to decrease and hit Caterpillar's revenue in the video below:

About the author:

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