The rapidly growing Chinese economy has recently taken a backseat to debt fears in Europe and economic woes in the United States. China should not be overlooked however as many, including Fiscal Frenzy, believe that China is set for an economic meltdown much like what the US faced due to our housing crisis. We are extremely confident that the market in China will then pull back after this bubble pops and we have found a great way to play this impending trouble. FXP is a Chinese ETF but is a short on Chinese shares. To put it simply, the Chinese markets and FXP trade inversely such that if China goes down, FXP goes up. This ETF is an easy way to profit from an eventual collapse of the Chinese housing market and economy. Once this happens FXP should rise up a considerable amount. The ETF is currently trading at $9.05 a share, which is near the 52-week low of $7.16 a share. FXP has a 52-week high of $47.92 and the all time high hit in October of 2008 was over $150 a share. These numbers show that when the Chinese economy collapses this ETF has the capability to make a run. Should the Chinese economy collapse, this ETF also provides a nice hedge against a collapse in the US markets, which would likely suffer if China dropped. Should China lead the global economy lower, FXP will be a moneymaker in your portfolio.