Chinese traits:number 1 trait in China is “Greed”, “more is better” and “take whatever you can get”. Their second trait would be intimidation,Third Bad Hombres, Fourh Gutter Oil Culture When money can't buy manners and decency !!
he knew Keynesian economics was thrown under the bus in 2008. That from then onwards, governments and CBs would collude to keep markets artificially inflated, while the real economy sank, allowing the top 1% to get wealthier. Then along comes the black swan of Covid, shutting the little guys down, transferring 14% of the worlds wealth upwards, prompting huge inflation when they reopened everything. Now we have high interest rates to combat inflation, and this will lead to finally a market crash in 2023. Id say rich people have had 4 opportunities to get richer since covid was hatched. Lock down wealth, inflationary wealth, high int rates wealth, and then buying cheap stocks wealth. Bravo.
In an interview I heard him talk about the fact that he never partied and just studied and worked until basically his 40’s, so yeah mid life crisis, now exacerbated by a divorce. Now he dresses like a 15yo surfer who has a trust fund lol. Still, I find him to be one of the most interesting financial minds to listen to, always entertaining.
So as an interviewer you get the chance to poke around in a brilliant macro mind but all your small minded brain can come up with is; "YoU MakE MoNEy!!1!!1!!!
It's so jarring seeing the interviewer keep going back to his one liner, 'so you profit from this'. Yes dumbass, because there are counterparties who are betting exactly against the same thing Hugh is positioning himself for. The counterparty losses, not civilians in these trades. They take on the exposure, let them take their L
CDS were created by the corrupt gov rating agencies and so people who created them this man could warn the people and profit from something the big banks and corrupt gov was going to bring the house market down . With his profits he could help the people who lost their houses from those bankers and politicians end of story
Maybe China should start providing its unemployed citizens with quantities of the fentanyl that it has been exporting to the West killing Western people. In this way they will reduce the number of unemployed Chinese and start to depopulate China in order to save the planet and save the world from the Chinese onslaught of bad culture. I could not care less !!
The interviewer has Hugh Hendry in front of him, and all he can think of is asking him the most basic questions in the most ideologically biased manner... A waste of Hugh's time and ours.
November 2017. Hugh has closed down his Eclectica fund a few months ago. But i still believe in this guy's logic. I think it's fair to say that bailouts and QE has "moved the goal posts" and this has had a negative impact on Hugh's logic. I wish him all the best and hope we get to hear his views again. Very interesting fella. Respect from Ireland.
Yes I agree. He was right when he says 'we don't have capitalism' and the US Fed propping up the DOW with 2.2 Trillion as a response to COVID19 the proof.
"Capitalism for the poor, socialism for the rich" You cannot deregulate the banking sistem pretending in the name of the free market, and then intervene to save them.
Interesting video Mr Hugh Hendry is gold...he's interesting even when he's wrong. The Chinese Prof Lady is HOT!..I was 2 busy mentally undressing her to pay attention.
Presentations like this on finance fascinate. We convey our desire to have honesty and transparency in finacial markets yet we all know this is impossible. The cloak and dagger nature in these markets is the prerequisite to the buyer/seller transaction. Main Stream Media propagandic bickering like this on finance is another essential element in presenting the illusionary outcry to the masses.
