'Acid Capitalist' Hugh Hendry On Macro, Markets, Bitcoin, and More @TheJuliaLaRocheShow

The Julia La Roche Show | 'Acid Capitalist' Hugh Hendry On Macro, Markets, Bitcoin, and More @TheJuliaLaRocheShow | Uploaded July 2023 | Updated October 2024, 4 hours ago.
The Acid Capitalist Hugh Hendry (@Hendry_Hugh twitter.com/hendry_hugh) joins Julia La Roche again for an unfiltered conversation on macro and more.

Hendry founded Eclectica Asset Management, a global macro hedge fund that was pretty much uncorrelated to everything in the financial universe. Hugh started Eclectica in 2002 and ran for 15 years before closing in 2017. He made more than 30% in 2008 betting against banks.

These days, Hendry is a luxury hotelier on St. Barts, where he spends his time surfing and still thinking about macro. He also hosts a weekly podcast called "Acid Capitalist" and shares his views on Instagram, Twitter, and Substack.

Links:
podcasts.apple.com/us/podcast/the-acid-capitalist-podcast/id1511187978
youtube.com/@HughHendryOfficial
acidcapitalretreat.com

0:00 Intro
1:18 Macro picture, ‘my imagination is as dark as it was in 2007’
5:00 “I’m fearful”, already in recession as we speak
8:18 Want to own equities right now
12:30 Bitcoin
15:00 Sitting with cash, waiting to buy
17:58 Been in a depression since 2008
22:30 Banking sector
27:30 Eurodollar system
32:00 Entrepreneurial dream has been replaced
34:50 Inflation Reduction Act is actually smart
38:00 A recession of a similar magnitude to 2008-2009
42:47 The five who know
45:30 Music and charts
47:30 Twitter
49:23 Parting thoughts

#economy #recession #bitcoin

Whatever They Say, The Opposite Happens — Fed Meeting Reaction With Nancy Davis

Trader Tom Thornton Shares Market Outlook For 2023

If I’m Right On The 10-Year Yield, Watch How Bearish Everyone’s Going To Be | Jim Bianco

$The Real Reason The Feds Rate Cut Was A Mistake | Bill Fleckenstein Bill Fleckenstein, president and founder of Fleckenstein Capital, returns to The Julia La Roche Show for episode 197. ✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: https://public.com/julia ✨ Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only. *A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.6% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 9/18/2024. A bond’s yield is a function of its market price, which can fluctuate, and a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at https://public.com/disclosures/bond-account. Links: Book: https://www.amazon.com/Greenspans-Bubbles-Ignorance-Federal-Reserve/dp/0071591583 Twitter/X: https://twitter.com/fleckcap Website: https://www.fleckensteincapital.com/ 00:12 Welcome and introduction 00:53 Macro view and Fed policy 06:48 Understanding inflation and central bank policies 11:21 The bond markets role in economic stability 18:01 Bubbles and market psychology 21:45 Current economic health and stagflation outlook 26:46 The Feds credibility crisis 31:53 Implications of the upcoming election 34:13 Gold and silver investment perspectives 35:55 Japanese yen carry trade unwind 37:14 US dollar outlook 39:41 Thesis development in investing 42:00 The U.S. debt situation and future outlook 44:03 Parting thoughts on developing investment theses 46:07 Book recommendations and where to find Bills work #macro #gold #investing$

Its Bonds, Not Banks, That Look Dangerous | Michael Howell

Ted Oakley: A Long Way To A Normalized Investing Environment Post Super Bubble

Ivy League Antisemitism, Identity Politics, Victim Mindsets — How To Fix Americas Problems

DoubleLines Ken Shinoda On Macro, Housing, And Commercial Real Estate

A Triumvirate Of Bubbles Is Creating A Dangerous Situation For The Economy | Michael Pento

Sam Burns On Being More Bullish On Equities In At Least A Year