Muddy Waters8 Aug 2019 16:20
For me, the main thing that discredited Muddy Waters report was them saying "if you ignore the 4 main cases.. etc". Why on EARTH would anyone do that? Like saying "If you remove USA, China, Germany, Japan from the GDP figures, you'll see the world is only worth half as much as people thought". Its not exactly insightful is it, and a transparent attempt at deramping.