未世民评论：国际金融势力与他们旗下的对冲基金即将对一些国家展开战略行动，下面的文章是他们在对赌国际货币与外汇市场上一些国家的货币发生暴跌，经济崩溃，值得提高警惕

Corriente’s Hart Bets Against ***** on Inflation Concerns

May 26, 2011, 2:03 AM EDT

May 26 (Bloomberg) -- Corriente Advisors LLC’s Mark Hart, whose firm handed investors a six-fold gain betting against U.S. subprime mortgages, says he is wagering on a decline in the ****

Hart is shorting the currency by buying put options on the yuan, he told the audience yesterday at the 16th Annual Ira Sohn Investment Conference in New York. Hart, chairman of Fort Worth, Texas-based Corriente Advisors, said China’s growth has been fueled by a credit bubble, and that rising inflation will bring the boom to an end.

“There are lots of ways to play China, but this is the most mispriced,” Hart said of his purchase of puts, contracts that provide the right to sell a security or currency at a set price within a set period.

His views on China echo those of hedge-fund managers such as Jim Chanos, known for predicting Enron Corp.’s 2001 collapse, and Hugh Hendry of London’s Eclectica Asset Management LP, who are betting on a decline in the country’s real estate market and economy. Chanos said in an interview this week that he would short sell Chinese companies listed in the U.S. if it were feasible to borrow shares to open the bearish positions.

Chanos, who has been forecasting a Chinese housing crash since last year, said Chinese developers have too much land on their balance sheets, similar to the U.S. before its housing market tumbled in recent years. China’s economy expanded 10.3 percent in 2010 and the country has been aiming to curb climbing house prices.

‘Path of Least Resistance’

Chanos, the founder of New York’s Kynikos Associates LP, said the cost of betting against Chinese stocks is keeping him away. Renren Inc., a Beijing-based social-networking company that went public in the U.S. earlier this month, is among the most expensive U.S. equities to short. The stock is difficult to borrow with 72 percent of the lendable supply out on loan, according to Data Explorers, a New York-based research firm.

Hart said “misallocations” of capital led to “empty” cities in China after developers built too many properties.

“There are signs of a bubble in China everywhere,” he said, adding that a bust would be worse than the 1997 Asian currency crisis, when the Thai baht collapse roiled markets.

Hart, who profited last year betting against European sovereign debt, said China may accept a currency devaluation as the “path of least resistance” as inflation undermines economic growth. Consumer prices rose 5.3 percent in April from a year earlier, as higher wages and commodity costs added to price pressures. Non-food inflation held at 2.7 percent, the fastest pace in at least six years.

The Chinese inflation rate understates the increase in prices because the government subsidizes food, education and housing, Hart said.

China’s yuan advanced to near its strongest level since 1993 yesterday as the currency’s reference rate rose the most in four months. The yuan is little changed since May 11, when the April inflation figures were released.

In 2009, Hart’s firm started the Corriente China Opportunity Fund LP, which seeks to profit from an economic slowdown in China, including declines in the country’s currency against the U.S. dollar.