‘Severe Downside’ This Summer Says Fund Manager Who Called 2008 | Hugh Hendry

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  • Опубліковано 16 тра 2024
  • Hugh Hendry, former Founding Partner and CIO of Eclectica Asset Management and host of the ACID Capitalist Podcast, gives his outlook on markets and the biggest macroeconomic shifts moving in the world. Eclectica Asset Management returned 31% in 2008.
    *This video was recorded on April 17, 2024
    FOLLOW HUGH HENDRY:
    Website: hughhendry.com/
    Twitter (@hendry_hugh): / hendry_hugh
    UA-cam: / @hughhendryofficial
    FOLLOW DAVID LIN:
    Twitter (@davidlin_TV): / davidlin_tv
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    For business inquiries, reach me at david@thedavidlinreport.com
    *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
    0:00 - Intro
    1:13 - America is playing the role of China
    9:25 - BoJ and the Yen
    13:50 - Yield curve
    20:30 - Fed pivot?
    23:50 - Risk off
    28:20 - Bitcoin
    31:10 - Shorting a currency
    33:54 - Goldilocks scenario
    36:47 - AI and growth
    44:00 - Dedollariztion
    46:35 - BRICS currency
    49:30 - Hugh's investment philosophy
    #economy #investing #stocks

КОМЕНТАРІ • 755

  • @TheDavidLinReport
    @TheDavidLinReport  25 днів тому +128

    Is this correction in the stock markets going to continue and "flail out of control"? What do you think? Comment below and don't forget to subscribe!
    FOLLOW HUGH HENDRY:
    Website: hughhendry.com/
    Twitter (@hendry_hugh): twitter.com/hendry_hugh
    UA-cam: www.youtube.com/@HughHendryOfficial

    • @justinb222
      @justinb222 24 дні тому

      great ep ! cool perspective

    • @wagashimanju
      @wagashimanju 21 день тому +3

      Did you ask him about how he blew up his hedge fund?

  • @Andrian-ch3on
    @Andrian-ch3on День тому +403

    Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

    • @JacksonMiley-iq7mo
      @JacksonMiley-iq7mo День тому +3

      With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

    • @BarbaraRichstone
      @BarbaraRichstone День тому +1

      With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

    • @Andrian-ch3on
      @Andrian-ch3on День тому +1

      this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @BarbaraRichstone
      @BarbaraRichstone День тому +4

      Kristin Amy Rose is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @Andrian-ch3on
      @Andrian-ch3on День тому +1

      I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

  • @moose7611
    @moose7611 25 днів тому +363

    When did the lead singer of U2 start giving financial wisdom?

    • @ArkOmen1
      @ArkOmen1 24 дні тому +8

      One love, but we're not the same, we got to, carry each other, carry each other... One

    • @gen-X-trader
      @gen-X-trader 24 дні тому +21

      That guy has made more money in markets than all of us here combined...

    • @ngmookleong3415
      @ngmookleong3415 24 дні тому

      when did you see musician giving reviews on concert and on singer,song writer and super star .

    • @williamwilliam5066
      @williamwilliam5066 24 дні тому

      Both a couple of arses who just got lucky. Bono made some good music though, even though he is a bit of a twat.

    • @sillysausage4549
      @sillysausage4549 24 дні тому +4

      Well Bono's a billionaire, and he didn't make all that sending food to Africa

  • @TopOfPyramid
    @TopOfPyramid 25 днів тому +270

    I can’t tell if this is a spiritual journey or a financial video. But I’m here for it.

    • @TheDavidLinReport
      @TheDavidLinReport  25 днів тому +49

      both

    • @HoneyBadger80886
      @HoneyBadger80886 24 дні тому +4

      Money is #Sacred. A tool of measurement one earns for their labor and mind.
      #Inflation is #LaborTheft.
      Sound money -PMs & NonETF bitcoin in self custody . #hodl
      #Equity #Solidarity

    • @genestone4951
      @genestone4951 24 дні тому +1

      It's interesting you say that. My mentor, Van K Tharp (recently deceased) approached trading in exactly those terms. You might be interested in his books.

    • @ayo9057
      @ayo9057 24 дні тому +1

      @@TheDavidLinReportright. 😂

    • @Selkirk777
      @Selkirk777 24 дні тому +1

      Very intriguing. More research to fact check this.

  • @selma5885
    @selma5885 19 днів тому +7

    One of more coherent Hugh Hendry interviews!

  • @gen-X-trader
    @gen-X-trader 24 дні тому +30

    It's funny how many people discount this guy just because he's not in a suit. Hugh has made obscene amounts of money in the market, it's not just a little wealth, that dude is rich

  • @randyosborne3971
    @randyosborne3971 25 днів тому +57

    Congress is for sale. On the take. BOTH PARTIES. And Congress mandates the Federal Reserve. What could go wrong?

    • @HANZELVANDERLAAY
      @HANZELVANDERLAAY 25 днів тому +3

      Yessssssssss for sale 💯

    • @tuckerbugeater
      @tuckerbugeater 24 дні тому

      It's been that way since the beginning of time LOL

    • @mohamedAli-kj6fb
      @mohamedAli-kj6fb 24 дні тому

      You mean the fed mandates the congress senate and president

    • @huwhitecavebeast1972
      @huwhitecavebeast1972 24 дні тому

      It's the other way around. The fed controls congress.

    • @100shot3
      @100shot3 22 дні тому

      The biggest bidders are israel and now china has learned from them in the past 20 years.

  • @JohnSmith-ft4fz
    @JohnSmith-ft4fz 25 днів тому +61

    I'm available for a chat Friday, and I'll wear a shirt.

    • @kiwicam6419
      @kiwicam6419 24 дні тому +7

      Buttoned or unbuttoned? It's important.

    • @timbimjim514
      @timbimjim514 24 дні тому

      Tits oot!

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m 24 дні тому +8

      ​@@kiwicam6419
      Depends on inflation.
      More inflation means shirts with fewer buttons
      😀

    • @davebellamy4867
      @davebellamy4867 20 днів тому

      Hugh Hefner always wears a dressing gown. Even in the office.😂 Interesting intellect.
      Besides, it's hot in St. Barts.

    • @2Mile0
      @2Mile0 18 днів тому +1

      Wear a con artist costume (blue suit).

  • @martinmcdade3433
    @martinmcdade3433 25 днів тому +133

    Since we came off the gold standard in 1971, Economics can be called the study of making things up as you go along.

    • @supermash1
      @supermash1 25 днів тому +3

      Very funny. And unfortunately true to some extent anyways.

    • @HoneyBadger80886
      @HoneyBadger80886 24 дні тому +3

      At our expense. NotBest

    • @stanminna1761
      @stanminna1761 24 дні тому +3

      Since the early mid 30s the united states was on a gold in theory standard, not a gold standard. Do your research

    • @Misiracaltudamecekas-qw8xo
      @Misiracaltudamecekas-qw8xo 24 дні тому

      @@stanminna1761 what is different? wortless paper anyway. removal of silver and copper from the coins in 1963 after JFK was taken out was turning point. Jews used to fill barells of canadian pennies for melt back in the day

    • @HoneyBadger80886
      @HoneyBadger80886 24 дні тому +6

      @@stanminna1761 Semantics. Ever since Treasury figured out we'd work for fiat and they could just print. We've been robbed.

  • @davidaponte7521
    @davidaponte7521 24 дні тому +9

    Severely honest guest, breath of fresh air

  • @Utsu-P_Enjoyer
    @Utsu-P_Enjoyer 25 днів тому +36

    Hugh Hendry is one of my favorite people ❤️

    • @champstar9669
      @champstar9669 23 дні тому +1

      You must be his supplier of "substances." lol

  • @disndat1000
    @disndat1000 24 дні тому +12

    Been watching Hugh since the early 2000s. A brilliant mind. His timing though practically always off to years off. Timing of course is everything in this business.

    • @lesleyjohnson8488
      @lesleyjohnson8488 17 днів тому

      Being early is the same as being wrong

    • @klmn2000
      @klmn2000 7 днів тому +1

      Agreed, plus some of his rationale can be considered 'over thinking' certain matters. Markets aren't that intelligent. They can only process one thing at a time in risk off environments. If Fed cuts, DXY weakens, risk on is given a boost, Yen strengthens, EM gets a boost. If Fed cuts by a lot, this would imply a greater crisis in the US econ, which by extension would imply trouble for the global economy, so ditto but risk off prevails and EM is softer initially before rebounding in late 2025 or 2026.

    • @disndat1000
      @disndat1000 6 днів тому

      @@klmn2000 Wow, an astute market observer in the YT comments. That's new! I think you nailed it. At the end of the day herd theory explains a lot as well. One algo sells, all the others follow if the first one is big enough. Bots more or less already are for trading what FSD is for driving.

  • @alansimon1354
    @alansimon1354 25 днів тому +26

    I'm 16 minutes into this and this is all-time great content. HH's ability to zoom out and give a wide, historical perspective is unique. His ability to articulate the most complex opinions raises it to yet another level. Congrats on this David. I'll probably need to watch this 2-3 times to digest what he's saying!

    • @patriciomora9663
      @patriciomora9663 24 дні тому +1

      Indeed!

    • @williamwilliam5066
      @williamwilliam5066 24 дні тому +1

      Yes, listen but be critical. Useful nuggets, but also quite a lot of BS Blarney stone.

    • @alansimon1354
      @alansimon1354 23 дні тому

      Don't confuse approval with lack of critical thought. Hugh Hendry's value doesn't lie in the fact he gets everything right but in his ability to give a clear analysis of different markets in different asset categories, in different regions and knit them together to form a coherent narrative @@williamwilliam5066

    • @lesleyjohnson8488
      @lesleyjohnson8488 17 днів тому +1

      Me too. This was brilliant. He has me thinking about risk assets in a new way

  • @havamaltgaming7887
    @havamaltgaming7887 24 дні тому +4

    David is a very good host and asks the questions that the viewer really cares about. Listen to almost all these interviews.

  • @VibraFinance
    @VibraFinance 25 днів тому +16

    Keep Crushing David💥🔥

  • @francisravenscroft-dw6gi
    @francisravenscroft-dw6gi 24 дні тому +19

    There s this place called Russia- its having a war in Europe- The US in printing money to fund the Ukraine-
    Russia is part of OPEQ and the US is not... what could possibly go wrong ??
    Japan has no oil- where does it oil come from?
    Where does most of the oil and gas from Europe and India come from ?
    6 stocks run the US stock market- what could go wrong?
    Bitcoin is a notional asset class, it has no commodity exchange value other than notional monetary exchange- what could go wrong?

    • @mikehardwicke23
      @mikehardwicke23 19 днів тому +1

      And you forgot the Gold Standard - the deflationary period when normal people became more secure and wealthier.

    • @callspreadzero854
      @callspreadzero854 13 днів тому

      I don’t mind making “money” off bitcoin. Every time there’s been a nice run up, I sell and turn it into cash. I like bitcoin, it’s made me some decent money, but it doesn’t work unless there’s internet connection.

    • @joythought
      @joythought 8 днів тому

      The US isn't printing money for Ukraine. The US annual economy is 25,360 Billion (latest figures) and the Ukraine aid this year is 61 Billion. Notice that makes it a fraction of one percent. And 80% of that "aid" doesn't leave the US but is fiscal stimulus for US manufacturing while Ukraine gets old equipment made 30 years ago and new shells because the US stopped making shells in volume a long time ago.
      If you understand Hugh Hendry's talk much of the money printing is occurring outside of the US through the Eurodollar system in places like Tokyo and London. The world works nothing like how you assume it works.

  • @h7qvi
    @h7qvi 24 дні тому +33

    If you compounded at 7% over last 30 years, congrats, you've just caught up to simply holding gold and not even having to do any work

    • @deseosuho
      @deseosuho 24 дні тому +7

      If ever, over a decades long period, broad equities indices do not outperfrom an asset that doesn't do any work (like gold sitting in a safe somewhere), that's an incredible indictment of the economy as a whole. "You had all that money and you accomplished what?". I believe total returns with reinvested dividends on S&P 500 since 1990 is around 9% and for Nasdaq it's around 14%.

  • @patat007
    @patat007 24 дні тому +9

    Gouvernement deciding what industry is important is a BAD thing. Since when did they ever called something correct.

  • @KenzoTenmaM
    @KenzoTenmaM 24 дні тому +7

    Traders after they have been too successful and spend their free time doing mushrooms because they don’t need to work.

  • @gary-bl1lu
    @gary-bl1lu 22 дні тому +4

    Glad to see he still has a little humility and admitted his TLT trade was wrong.

  • @p.c.h.6721
    @p.c.h.6721 24 дні тому +4

    Very well structured, great rhythm, perfect questioning, combined with an intelligent guest who's been around the block. Congrats David 👏

    • @chrislastnam6822
      @chrislastnam6822 24 дні тому

      Are you his mother or father? I learned nothing from that arrogant guy.

  • @jackwalsh1468
    @jackwalsh1468 25 днів тому +6

    David, a very insightful report and guest speaker. Cheers, Mate.

  • @MichaelLoweAttorney
    @MichaelLoweAttorney 24 дні тому +10

    You really need to zoom in on the gold chart to see the gold sell-off in 2008. It’s funny how HH cherry picks his time series to describe the performance of gold. Who is married to their beliefs?

  • @James-bb8xs
    @James-bb8xs 24 дні тому +2

    Great interview here from David with the incomparable genius Hugh Hendry. Not too many ads this time too which made watching much more enjoyable. More like this pls! 💯

  • @snoke6664
    @snoke6664 25 днів тому +8

    My boy hugh hendry! Thanks david!

  • @rof8200
    @rof8200 25 днів тому +12

    Why gold? Because for BRICS+ nations, the USD is no longer tenable as the only global reserve currency. Parallel alternatives are needed.

    • @rocking1313
      @rocking1313 24 дні тому +3

      Neutral Reserve Asset is what Luke calls it

    • @joythought
      @joythought 8 днів тому

      Never going to happen. Exporters want to weaken their currency to be competitive. Why do they need a currency when they are happy to deal in the Eurodollar market? On the margin it will strengthen gold and Bitcoin and a few BRICS currencies from time to time but the long term trend is against you.

  • @thomasmazzola4760
    @thomasmazzola4760 24 дні тому +10

    No one ever mentions the 36 trillion dollar deficit and annual deficits of 2 trillion. I. The very near future 100% of tax receipts will just pay interest on that debt

    • @2Mile0
      @2Mile0 18 днів тому +2

      All of us have already been in the 100% tax bracket for a long time.

    • @joythought
      @joythought 8 днів тому

      That's all everyone seems to talk about. This is all sheepie thinking. The US dollar will roll on strong for decades to come and the solution for investors is to look at trends and buy Bitcoin, stocks, gold etc but only when trending...

  • @user-ed4yp6fi7k
    @user-ed4yp6fi7k 24 дні тому +9

    We can all learn from others, Hugh is unconventional to say the least but When he speaks i listen and always learn something... I recommend others do the same, He is extremely intelligent, Thanks David and HH

  • @method341
    @method341 25 днів тому +72

    Hendry is just a showman. Interesting to listen to but offers little of actual value.

    • @scottmoering9810
      @scottmoering9810 25 днів тому +11

      He is always talking a crisis yet non comes and he loses out always. An old relic he is.

    • @johns4412
      @johns4412 24 дні тому +6

      Overrated

    • @LarsLarsen77
      @LarsLarsen77 24 дні тому +4

      Eventually he'll be right, and when you get a trade like that right you get PAID.

    • @edwri9759
      @edwri9759 24 дні тому +4

      Yep, just rambling guff

    • @huwhitecavebeast1972
      @huwhitecavebeast1972 24 дні тому

      His take on gold was idiotic. That or disingenuous. Talks about gold from 1980 to 2002 getting massively outperformed by the stock market but not how from 2002 to now gold has massively outperformed the stock market. He would be more right if there was no such things as hyperinflation, if the US government is wasn't crumbling around us under the weight of massive corruption. If there wasn't ww3 around the corner, he'd be right. I'm sure when the SHTF he will scurry off somewhere and hide with what money he as left.

  • @crouchhill
    @crouchhill 24 дні тому +47

    Ffs every mf called the 08 crash (apparently) 😂

    • @trapOrdoom
      @trapOrdoom 24 дні тому

      On god bro! Lmaooo it’s so funny seeing that as such a common title 😂

    • @joshtri2067
      @joshtri2067 22 дні тому +2

      Nobody like Harry dent lol

    • @tristan1505
      @tristan1505 20 днів тому +3

      He has proof of it. His fund had massive returns that year and he himself is worth a lot of money from markets. It’s not that everyone called it, it’s that the people that did are well known for it and sought after for interviews, so that’s who you see on UA-cam.

    • @cg5648
      @cg5648 18 днів тому +1

      @@joshtri2067 , Peter Schiff called it.

    • @ashmanz
      @ashmanz 17 днів тому +1

      Perfect example of survivorship bias

  • @vglow5271
    @vglow5271 24 дні тому +1

    Best interview you’ve done. This guy is an absolute legend. 🔥

  • @conduit242
    @conduit242 24 дні тому +2

    One of the best Hendry interviews

  • @clutchboy24
    @clutchboy24 22 дні тому +2

    Just took some peyote and mushrooms and watched this video. Thanks David

  • @xesentertainment
    @xesentertainment 24 дні тому +18

    Lol I thought you were interviewing bono from U2 looking at thumbnail😂

    • @champstar9669
      @champstar9669 23 дні тому

      That would have been a more insightful interview.

  • @Arteshir
    @Arteshir 25 днів тому +52

    This is like listening to a wino rambling in a bar

    • @williamwilliam5066
      @williamwilliam5066 24 дні тому +4

      True, I had the same experience in Greece 30 years ago.

    • @scottosborne8735
      @scottosborne8735 24 дні тому +12

      And years later you find out he was right.

    • @dannymcneely
      @dannymcneely 24 дні тому +1

      true dat

    • @Arteshir
      @Arteshir 22 дні тому

      @scottosborne8735
      That He was right but this He is not ...not all winos are created equal

  • @MMM-tr3cm
    @MMM-tr3cm 23 дні тому

    Love this guy. What a great and unique points of view he is bringing. Very interesting persona definitely not boring to watch. Thank you for bringing him in.

  • @HANZELVANDERLAAY
    @HANZELVANDERLAAY 25 днів тому +7

    One man's notoriety..... Is another man's Fame...
    Well done🎉

  • @cjswa6473
    @cjswa6473 25 днів тому +30

    Bitcoin 😂😂. Just tried to send $8.59 of Bitcoin. Fee was $89. Also told it would take 30 minutes.😮. Indexed Money laundering

    • @xmonikerhotmailcom
      @xmonikerhotmailcom 24 дні тому +4

      Wait 1 week. The Runes goofballs have clogged the network.

    • @scepisle4970
      @scepisle4970 24 дні тому +7

      Use lightning.....

    • @casamurphy
      @casamurphy 24 дні тому +11

      You're behind in your bitcoin knowledge. For such a small transaction you shouldn't use the main chain. Lightening (various apps) or Liquid (the Aqua app) would be more appropriate OR just US stablecoins.

    • @RocketScientist1
      @RocketScientist1 24 дні тому

      @@scepisle4970 If all 80 yo widows can’t figure it out, it isn’t feasible.

    • @RocketScientist1
      @RocketScientist1 24 дні тому

      @@casamurphy see above 👆👆👆

  • @AIIG-zd5dx
    @AIIG-zd5dx 24 дні тому +29

    Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

    • @inicMich-rc5wo
      @inicMich-rc5wo 24 дні тому

      As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken

    • @nissan38p69
      @nissan38p69 24 дні тому

      Wow, I'm supprised Stacey Macken is being mention here. I started off with 5K.... Now with massive portfolio highly recommended...

    • @tryleraaron9244
      @tryleraaron9244 24 дні тому

      I met Stacey Macken at a conference in 2018 and we have been working together ever since.

    • @BulentKizilaslan
      @BulentKizilaslan 24 дні тому

      Her reputation already speak for her $ 150K last Month.

    • @FranklyHunt
      @FranklyHunt 24 дні тому

      Though I started with as low as $13,000 actually because it was my first time and it was successful, She's is a great personality in the state

  • @jimmydean4509
    @jimmydean4509 25 днів тому +29

    July cut is exactly what Dr Benjamin Cowen is theorizing. It makes sense to me as I expect unemployment is going up in the next 2 months. Layoffs are picking up speed fast

    • @BootsieTheGreek
      @BootsieTheGreek 25 днів тому +4

      That’s my guy also

    • @prolific1518
      @prolific1518 25 днів тому +7

      Layoffs have exploded since last year. Severance pay has kept people out of the unemployment data. So many people have been stuck in the gig economy since the plandemic so they aren't counted as unemployed either. This entire house of cards is about to face a tornado.

    • @jimmydean4509
      @jimmydean4509 25 днів тому

      @@prolific1518 idk about a pandemic, but agree the Warn notices are on fire

    • @byduhlusional
      @byduhlusional 24 дні тому +2

      Maybe. It went from 3.7 to 3.9, then back to 3.8. The trend does seem it's going up, just very slowly given how strong the economy is. Whether it accelerates is unknown, it rising is a basic fact though. It's rising but in a healthy manner. I will agree that it's hard to control though once it spirals.

    • @HoneyBadger80886
      @HoneyBadger80886 24 дні тому

      ​@byduhlusional I do not believe their Numbers. Look around. Inflation, REAL inflation, is around 15% right now.
      And the dollars are banned in foreign countries. And at home the dollar has about 2 cents Value. Theft. Civert.

  • @homesigns
    @homesigns 18 днів тому

    This is my first exposure to Mr. Hendry. He has a powerful understanding of history and, at the same time, current global trends. I really appreciate his ability to self reflect and overall comments on the market. I also enjoyed watching Hugh making David laugh so much.

  • @CatPDX
    @CatPDX 25 днів тому +12

    Always enjoy seeing Hugh on YT!

    • @RocketScientist1
      @RocketScientist1 24 дні тому

      Just wish it was on rumble instead. Yt is a fascist

  • @Landofsmiles999
    @Landofsmiles999 3 дні тому

    Hugh is decades ahead of the macro. His leading explanation describing decades of Macro was flawless and digestible.

  • @prolific1518
    @prolific1518 25 днів тому +36

    Only Europeans and Americans think being a "consumption based economy" (materialistic society) is a positive thing.

    • @davisutton1
      @davisutton1 24 дні тому

      I guess that's why China is so desperate to increase consumption as a percentage of GDP.

    • @bennyboy5374
      @bennyboy5374 24 дні тому +1

      Yeah because other nations fail to become that kind of economy, China tried and now clearly failed as the inner consumption have collapsed

    • @tuckerbugeater
      @tuckerbugeater 24 дні тому

      Yes consuming is terrible if we all stop consuming we wouldn't have humans and that would be

    • @williamwilliam5066
      @williamwilliam5066 24 дні тому +1

      I think you need to take the word "Europeans" from that sentence surely?

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m 24 дні тому +2

      Consumption...at other people's expense.
      But now those other people are wondering what the IOUs are worth.

  • @graceamsterdam5404
    @graceamsterdam5404 23 дні тому

    Thank you gentlemen, refreshing interview. The more different type of substantiated views, the better forecasts we can make.

  • @maxiewex1496
    @maxiewex1496 19 днів тому

    David, you always get interesting guests. I haven’t seen Hugh Henry for awhile. Mr. Hendrey is always interesting and smart!

  • @mc-kz8zn
    @mc-kz8zn 24 дні тому

    Fascinating. Great to hear other opinions and Hugh definitely leaves a lot of food for thought. Great pod!

  • @Leo-kg7og
    @Leo-kg7og 24 дні тому +1

    your very humble man for somebody who accomplished a lot:)) :))

  • @DeFi-Macrodosing
    @DeFi-Macrodosing 24 дні тому

    His vision and depth are unparalleled. Love his unconditional touch too.

  • @Brent687
    @Brent687 24 дні тому +3

    I think Hugh tries to hard to say something and ends up saying nothing, I find myself hoping for some interesting tidbit or some point of view I havent considered but leaving disappointed.

  • @myutube8x
    @myutube8x 5 днів тому

    Wow, David you had an E.T. on. Amazing how much these advanced civilizations have to share with us. Fantastic really.

  • @awankstain
    @awankstain 24 дні тому +4

    David's hair is back under control or almost. Hugh didn't get the memo about the dress code but that's ok I liked this interview

  • @kasummers7182
    @kasummers7182 20 днів тому

    I love the amazing minimalist decorating style of the room he is in. I like his rambling too, you can tell he is a bit of a philosopher as well as knowing his stuff.

  • @neilfowell690
    @neilfowell690 24 дні тому +2

    What a fab interview. Needed some reality and humour with great knowledge

  • @KLFHOG
    @KLFHOG 24 дні тому

    A Legend, and credit to you for bringing him in!

  • @vallmak
    @vallmak 25 днів тому +14

    Hugh is a legend

    • @Arteshir
      @Arteshir 25 днів тому +5

      Yes in his own mind

  • @chrislastnam6822
    @chrislastnam6822 24 дні тому +3

    He said he got 7% / year for just 15 years. How much would a vanguard index fund have gone up in those years? 15 years is a short term. I didn't get anything from his video.

  • @docdoc4526
    @docdoc4526 24 дні тому +5

    He is telling TLT is the asset to have since month 🤡

  • @RebelPlebe
    @RebelPlebe 22 дні тому

    Hi David please enable the clip button so we can share portions of the show. Lots of great stuff.

  • @EthanMiller1
    @EthanMiller1 24 дні тому

    Love this guy. His adjectives are way more accurate and properly than any US traders and investors. Love it.

  • @jacknaneek1681
    @jacknaneek1681 25 днів тому +3

    Hugh. Always interesting. Not always right.

  • @anaestereo810
    @anaestereo810 24 дні тому +1

    Please more out of the conventional establishment opinions like this one ❤
    FED= James Bond

  • @randalnelson1820
    @randalnelson1820 24 дні тому +5

    I wouldn't give this guy $1

  • @crazypuss007
    @crazypuss007 24 дні тому

    Superb job David. Many thanks. Another excellent interview.

  • @hailandfire1822
    @hailandfire1822 16 днів тому

    Trading. Surfing. Markets. Windsurfing. Talks to David. A cocktail at sunset. He’s living the life.

  • @talkCRYPT0
    @talkCRYPT0 21 день тому

    Its always great to listen to Hugh’s insights 👌

  • @thomasjones2067
    @thomasjones2067 25 днів тому +7

    1913 was the cause of 1971

  • @DexterHaven
    @DexterHaven 24 дні тому +3

    Hugh "I'm wearing no pants" Hendry.
    Hugh, gold has outperformed the S&P500 this entire century so far!
    Be honest. It's real money.

  • @Castellanocreep
    @Castellanocreep 24 дні тому +3

    Does anyone know what kinda glasses those are?

    • @DaveEPie
      @DaveEPie 22 дні тому +1

      If you have to ask - you can’t afford them.
      Lol
      I was wondering that the whole interview-
      I want them bad now.
      Just to F with everyone.

  • @grahamdougherty226
    @grahamdougherty226 24 дні тому

    Best interview yet! Acid!

  • @paulginsberg6942
    @paulginsberg6942 24 дні тому +2

    An entertaining man. Smart. Wouldn't trust him with my capital however.

  • @bssb936
    @bssb936 24 дні тому +1

    Great interview thanks 😊😊

  • @carlkennedy7481
    @carlkennedy7481 18 днів тому

    Hugh's explanation of the reason to short Yen, gave me a lot of confidence in the trade and I was very early probably one of the first on Fin twit talking about that trade.. Now it's on everyone's radar.. USD/JPY

  • @klowranc
    @klowranc 20 днів тому

    I wanted to not like this guy but he’s smart and pretty cool! Haha. Thanks for the interview! 🍻

  • @JoeHarnden1991
    @JoeHarnden1991 24 дні тому +1

    Got a question for you … doesn’t that fact we printed 40% more money just completely kill the fact the markets will crash..
    I mean where else you going to put 10s of trillions of dollars ?

  • @CjackJamie
    @CjackJamie 20 днів тому

    I had to watch this 2x to really get what Mr. Hendry is saying. He is a complex thinker and dreamer. There must be a lot going on at the same time in his head 😊

  • @danielthomas9673
    @danielthomas9673 23 дні тому

    I don't agree with the discussion about the BRICS common currency, the discussion cast it as though it would be the same as the Euro with one central bank and each nation giving up their own currency.
    This does not need to be the case, a common currency for trading between members (international currency) can be established whilst maintaining the independent of the national currencies for trading internally within the home market.

  • @Casey-rr7th
    @Casey-rr7th 24 дні тому

    Hugh is pretty awesome. Great interview!

  • @jacklonergan9991
    @jacklonergan9991 24 дні тому

    Hugh is one of the few people who truly understand money! 👍

  • @annasillanpaa1111
    @annasillanpaa1111 24 дні тому

    Thank you! One point though, if the BRICS currency would be backed by commodities, gold or what ever, it can be completely separate from the countries monetary policy. So, the BRICS countries could still do that independently.
    Other thing, if China has challenges, I think other countries will replace the void, Southeast Asia, India etc.

  • @beerius2349
    @beerius2349 24 дні тому +3

    Hugh looks like JPowell if he decided to go live on an island instead of run the FED

  • @HuiChyr
    @HuiChyr 24 дні тому +3

    It annoys me everytime a host asked if BRICS will come out with a new currency for their group. THEY DON"T NEED TO. They are trading amongst themselves using their OWN CURRENCIES. China is already doing that with some ASEANS countries. India is buying oil from Russia with Rupee. Priced in USD, pay with their own currencies following the current exchange rate. That phased out USD all together.

    • @wildcsgotactics
      @wildcsgotactics 23 дні тому

      So let's say China is buying commodities from Russia and is paying Russia in Chinese currency. Do you think Brazil is happy accepting Chinese currency from Russia when Russia wants to import stuff from Brazil?

    • @joythought
      @joythought 8 днів тому

      And to what implication? This trade still keeps the US dollar at the center of the trade because both currencies are denominated in dollars and, why, because there is no liquidity in the other currencies. They still want dollars but this is a good sovereign solution for the buyer and it makes it the problem of the seller to then get it back into something they want: trade goods from the other nation if possible and otherwise use the currency with another trading partner or on the open market and either way expect a haircut. I think you assume that this weakens US dollar hegemony but it really doesn't. It addresses a lack of US dollar availability or affordability. Check out the Eurodollar system.

    • @HuiChyr
      @HuiChyr 7 днів тому

      @@joythought Yes Eurodollar. Yes Jeff Snider. Yes Brent Johnson and his Milkshake Theory. All those system are Dollar centric due to DEBT that are USD based. They hone in on that bcoz USD had been widely used and accumulated since 1945 to be the "gold standard" for international trade. USD becomes entrenched in the global monetary system.
      However, fiat money is still fiat money. It is based on trust. Two nations honour their commitment to deliver promised goods and services based on currencies they deal in. Breaking away from USD is when you can still get actual GOODS (Commodities and Final products) with other fiat currencies.
      My family buy products from China and sell in Malaysia. Before covid, we had to convert our Ringgit to USD to buy from China. NOW, we convert our Ringgit directly to Renminbi (Chinese Yuan) to purchase Chinese products. What happened? Because China and Malaysia had an agreement and currency swap between countries. Each holds the others' currency and balance the account yearly or quarterly with that money. The pricelist or "menu" is still in USD but not single dollar was used in our transactions. USD is out.
      Sure Malaysia and China still need USD for some imports but it a transition and it takes time. Euro$ is good for present and immediate future. So speculate in stocks, commodities etc base on Euro$ centric outlook. But the world is getting tired of USD and moving away from Euro$. We don't need BItcoin or gold based currency or a completely new currency to trade. We are doing it now our own currencies.

    • @HuiChyr
      @HuiChyr 7 днів тому

      @@joythought Yes Eurodollar. Yes Jeff Snider. Yes Brent Johnson and his Milkshake Theory. All those system are Dollar centric due to DEBT that are USD based. They hone in on that bcoz USD had been widely used and accumulated since 1945 to be the "gold standard" for international trade. USD becomes entrenched in the global monetary system.
      However, fiat money is still fiat money. It is based on trust. Two nations honour their commitment to deliver promised goods and services based on currencies they deal in. Breaking away from USD is when you can still get actual GOODS (Commodities and Final products) with other fiat currencies.
      My family buy products from China and sell in Malaysia. Before covid, we had to convert our Ringgit to USD to buy from China. NOW, we convert our Ringgit directly to Renminbi (Chinese Yuan) to purchase Chinese products. What happened? Because China and Malaysia had an agreement and currency swap between countries. Each holds the others' currency and balance the account yearly or quarterly with that money. The pricelist or "menu" is still in USD but not single dollar was used in our transactions. USD is out.
      Sure Malaysia and China still need USD for some imports but it a transition and it takes time. Euro$ is good for present and immediate future. So speculate in stocks, commodities etc based Euro$ centric outlook. But the world is getting tired of USD and moving away from Euro$.

  • @imjustalilbit
    @imjustalilbit 24 дні тому

    I have the same dilemma. I cant fathom another currency to replace the Dollar. For those who say Gold and BTC, I see an upside down pyramid. I love your guest today. He took me on a financial spiritual journey to the other side. Please have him back soon.

  • @user-sm6te1gl4f
    @user-sm6te1gl4f 23 дні тому

    Thank you for an interesting interview.

  • @RandyBaker-cg9uf
    @RandyBaker-cg9uf 24 дні тому +18

    Get out, are you going to trade against Ai thats a thousand times smarter than you , buy gold before these gangsters steal all your money.

  • @charlesdidonato5478
    @charlesdidonato5478 24 дні тому

    Hugh is great! Been following him for a couple years now. 😊

  • @normankoo6159
    @normankoo6159 24 дні тому +1

    I agree with his own term of being a fantasist. China cannot be measured against other countries in terms of consumption because they are by nature SAVERS. Westerners do not really understand this. Where the surplus money has been spent is on infrastructure projects and industrial development. Chinese plow back their money into becoming stronger rather than blow it on stupid purchases.
    The only thing I agree with him in general is that economics has become a theatre of mass manipulation and madness.

  • @lclaudiosg2350
    @lclaudiosg2350 16 днів тому

    Brazilians here; actually, China will invest in EV factories, mainly after Ford left the country after many decades. I don't think the Dollar will be replaced, but certainly there is room to trade using regional currencies.

  • @marknorth7361
    @marknorth7361 24 дні тому

    Brilliant, refreshing, entertaining

  • @IsCarryingACuriousMap
    @IsCarryingACuriousMap 25 днів тому +17

    Finally someone good. Boo to GarethHolloway!!!

  • @omerarduc7371
    @omerarduc7371 19 днів тому

    Always enjoy Hugh's rantings and ravings!

  • @klmn2000
    @klmn2000 7 днів тому +1

    As usual, Hugh talks in riddles, making it hard work to decipher what the hell he is actually trying to say. He talks about Fed cuts by July, but is still short JPY, which immediately jumps out as it doesn't make much sense. If the Fed cuts earlier than most expect, this will send USDJPY lower - i.e. the Yen will appreciate. Add to this the fact that the BOJ have effectively drawn a line in the sand at 160 Yen to the dollar and are intervening in size at opportune times to maximise impact, plus also consider that the BOJ are in hiking mode vs the Fed who has peaked and short Yen seems like an improbable trade. While I'm not a gold bug, I definitely wouldn't discount gold as much as Hugh seems to be - I wouldn't own it but understand fully those that do. Also, BTC is not in correction mode, it has just been consolidating before the next move higher. Again, if the Fed cuts (on weak jobs numbers rather than a stock correction) then this would weaken DXY, it would give impetus for a final leg higher in risk assets like stocks and crypto and Treasuries would also rally. So when Hugh says he was wrong on his options on long-dated Treasuries last year, he will be proved right about those options holdings in 2024 and 2025 (as I believe he bought the underlying on some of those contracts).

  • @eyadsaheb5672
    @eyadsaheb5672 23 дні тому

    entertaining AND educational! these are the guests everyone wants

  • @paulginsberg6942
    @paulginsberg6942 24 дні тому +1

    A true contrarian capable of original thought which doesn't mean he's right.

  • @sorrellcom
    @sorrellcom 24 дні тому

    Man, this Hugh Hendry character is really good! I had my doubts looking at him till he opened his mouth. Really insightful, thanks for this interview David.

  • @michalmaziarz8943
    @michalmaziarz8943 23 дні тому

    Bravo Hugh! Nice to see you again!

  • @markcurry3997
    @markcurry3997 19 днів тому

    This is a new item for my bucket list: to give an interview in my bathrobe

  • @casamurphy
    @casamurphy 24 дні тому +2

    Hugh at his best.

  • @jaym9846
    @jaym9846 24 дні тому +2

    I feel like I got spun around a few times and now I don't know which direction north is.

  • @free-qe6wx
    @free-qe6wx 24 дні тому +5

    This guy called 2008 like DiMartino called 2023.

    • @bdek68
      @bdek68 24 дні тому +1

      DiMartino didn’t call anything. She just laid out the obvious facts and macro which are a complete dumpster fire. She was right about everything

    • @free-qe6wx
      @free-qe6wx 24 дні тому

      @@bdek68 Oh, for sure. Right about everything. 🤣🤣🤣

    • @bdek68
      @bdek68 24 дні тому

      As opposed to running your mouth tell all of us what she isn’t right about

    • @free-qe6wx
      @free-qe6wx 24 дні тому

      @@bdek68 Looks like someone got triggered. DiMartino was 100% wrong on her recession call. She did not get one thing right. If this, right now, is a "complete dumpster fire," you better hope recession never comes knocking on the door.

    • @bdek68
      @bdek68 24 дні тому

      @@free-qe6wxyour are full of shit😂I’m assuming Biden supporter😂