Champagne Socialist!! What a fantastic term!! Hugh Hendry is awesome.. He did not lose his cool, seriously. He was just putting forth some of the facts which may sound annoying to some people. Truth hurts..
This is what you fail to understand. There no longer is an "if". There was was still an "if" back in '09, when Hendry was warning about this crisis. People like Hugh Hendry are willing to put their money where their mouth is. Guess what, if he's wrong, he loses all his money! Betting on the downfall of the Euro is a contrarian view, you only take that position when you are sure that that the politicians are completely full of shit.
@rocknrollbigmac And what profession do you choose to make a living? Judging from your name lets assume its flipping burgers, or some other shitty service job. Does the fact that someone chooses to work a low paying, low skill service job make them less of a peice of shit than Hugh Hendry? Is he a peice of shit because he risks lots of his own money and is rewarded greatly when he makes correct calls? Moron
@Inoitspointless when people resort to being rude it's quite safe to say that they can't say anything else. Congratulations on your credentials you are obviously a man of the world......
And one day, technology, reached through capitalism, will eradicate the need for human labour. You can't substantiate an argument so you're trying to brush it aside by saying you've done it all. Who cares? It doesn't make it any more like exploitation. And before you go there... I started in the job world labouring and I still do a labour intensive job.
@Inoitspointless To say they're exploited you have to assume they have a right to be given more, that they have a right to be given what others have earned. In most cases, the wealthy have got that way because the 'exploited' have given it to them through the market. They're definitely not exploited. Slavery is exploitative, capitalism is not. Yes, there has to be workers, but there are many other reasons why the people in these countries earn less than a dollar a day.
The only winners in all this mess are the bank employees, managers and CEO. Good time, they take their fees + bonuses. Bad time, the use lawyers to ring-fence bailout money as part of their pay package and golden goodbyes. WTF!?
@Inoitspointless do you feel exploited? Why don't you tell all the people who went to work in factories that they are being exploited and what they should be doing is actually going back to agricultural subsistance. Wealth is productive capacity, if entrepreneurs don't create it who does? The state definitely can't, the state screws up everything it touches. What type of society do you want to live in, have a think then tap your answer out on the computer that the entrepeneur created.
@Inoitspointless are you actually Carl Marx yourself! Quick tell the Chinese they have got it wrong and they should stop these evil entrepreneurs building factories and allocating capital productively. What they should be doing is acting like the North Korea, now that is the way to prosperity!
Right so Greece lies about how much its got, joins the Euro on a false basis - one the basis of lies - this destroys the Greek economy and according to the politicians (and the socialists) its not the politicians who told the lies that caused the problem but the guys who spotted the lie. Its like robbing someone and then blaming the police for catching you!
Right so Greece lies about how much its got, joins the Euro on a false basis - one the basis of lies - this destroys the Greek economy and according to the politicians (and the socialists) its not the politicians who told the lies that caused the problem but the guys who spotted the lie. Its like robbing someone and then blaming the police for catching you!
The scotsman is either a dedicated liar or just delusional. '...prosperity created by risk-takers and entrepreneurs like me...' Thats why people are being laid off in their droves, why peoples benefits and public services are being taken away from them, why any normal person cant afford to send their kids to university anymore to get an education, thus earn a living. How can he keep a straight face?
@TeifiValley123@TeifiValley123 If YT would allow it, I could go into detail as to "Why?", but in short: Fuck the common people.
You see, the common people are the meat, the muscle, the cattle, which is to be used in enterprises by said entrepreneurs; University is not for the common man with no aspirations. As to the layoffs: the manual labour is being replaced by automation and slaves in China, though eventually everything will assembled by robotics.
@TeifiValley123 I'm just the messenger, that is how the society, in this case in the UK, works. You will get societal collapse soon, with a new World War being initiated to calm the public and get rid of the surplus, unemployed population - there is no prospect of future growth in said society, the 'jobs' are not coming back.
@z0nt21 youre right in saying thats how some sectors of the population want it to work. Its the same sector of the population which are ignoring the things that currently threaten to wipe out mankind, like nuclear weapons and climate change. They are issues which the survival of the species literally depends on. i think a 3rd world war, started to get rid of the superfluous population is crazy talk. and there is a difference between being 'the messenger' and condoning that order of the world.
"...the magnitude of the problem confronting Greece is now greater than these guys and" their ability to respond to it. So now they have to apportion blame elsewhere." Can't argue with that.
HAHAHA "the prosperity created by entrepreneurs like me."
Hedge fund managers don't create shit. The market is a zero sum game. They're all professional gamblers and sales men, transferring wealth into their own accounts and sometimes, those of their clients. They're parasites on the system. People who work for a living to create products and real services create prosperity.
@shinobi38 Indeed, a loon supporting the absurd notion that the free interactions of billions of people are a superior means of organising the economy than some twats in ivory towers and their equations which caused the crisis. Sure. We're the loons. Go bark up another tree.
A billion thumbs up. This guy up here, hendry, I've seen other things he's said and written. When people use macro economic terms he's like wtf? Short run Long ru..... wha?
In tough times people view the world too simplistic and think the academia is working on a big conspiracy, they ignore large multiplier effects.
Great ideas are made through a tough evolution of difficulties. In the short run people ignore the positive change effects issues eventually have.
wjr1fkt, you look like a fool with this absurd title. Hendry is dead right. Politicians all have blood on their hands and they are pointing the finger like spoiled, unrepentant children.
Hugh Hendry is right. He is among the wealth creaters that provides essential capital for efficient companies. The world does not run on bureacrats from Bruxelles - and EU's increasing power and authority will end up being the end of EU.
Have India and China been worse or better off by liberalizing their capital markets? I think the answer is fundamentally inquestionable.
He didn't lose his cool at all. Well done Hendry. Socialism robs from the working class (everyone other than the political class and the ones that work for them) and gives to the political class. Robin Hood was not robbing "from the rich and giving to the poor." He was getting back the stolen property that the State took by force and giving it back to its rightful owners. State = Socialists / Collectivists / Thieves. Risk exists everywhere. It's part of life.
free markets, free enterprise ,socialists,! no one likes them!!,hedge fund managers believe in socialism yes,socialism for the rich!!, greece broke or the rules!!, what !!maybe!, wall street traders and hedge fund workers! didnt???
Rasmussen is an absolute tit. Him and this bunch of socialist, third way, mixed economy eurofederalists led us bang smack into this recession. They thought they could have it all. They thought they'd abolished economic cycles. They thought that by inflating a housing bubble, and relying on borrowing year after year to plug budget shortfalls that this would get them all re-elected. And it did! And to pay for their political careers we are ALL now in the shit. Fuck Rasmussen. Well said Hugh.
@01AlanBennett Both Socialism and Third Way are peas in the same pod. Both are statist, paternalistic, evil forms of watered down communism. Both steal money from ordinary people and channel it through the political classes in order to sustain vast public spending rackets. Rasmussen is one of the most dangerous people in the world. His pan-Euro-socialism is going to piss away our prosperity and liberty.
You are only able to pull off a comment such as that one vasselini when you have acquired the level of success which he has you fuck!...Otherwise don't comment on a successful competent intelligent individual when you are probably a looser bin man! GOD!
@Lad593 By success, do you mean money? This man has no moral wealth and is holds disgusting attitudes towards other people. Learn a bit about the guy before you defend him - as a Scot I am absolutely ashamed of this man; he is a disgrace. By the way, while you're learning that, work on your spelling too.
Yes, yes I do! The man has vision far better than a bunch of stupid ignorant Scottish nationalists, ha! I know quite a lot about the fellow actually and I didn't ask for your life story or opinions on him. Oh and by the way the spelling mistake was a typo on loser but I'm glad you spotted it because you can be added to that category for opposing someone who has true aptitude! Let us not go too far into English also as your statement made a whole lot of sense: 'and is holds' Haaa!
@Lad593 you're right, fair point about "is holds"; don't know what that was about. Just wondering, which bunch of nationalists are you referring to? I'm sure there are many ignorant nationalists, but there are plenty who aren't - much as some of the comments below prove that there is plenty of ignorance on all sides to be honest. My favourite was someone suggesting "socialists" caused the economic crisis of recent times. Youtube is a wonderful arena for intelligent thought.
Yep thanks :) Not particularly sure of her name although I saw her appear on Question Time! Ha, true, good point! Hmm same although I believe you cannot pick out just one singular group in society who are solely responsible for the economic downturn. It seems all politicians seem to cause more problems rather than producing a beneficial service to the public's requirements which is more about what they should concentrate on, instead of the best personal gain they can achieve! =/
@Lad593 I think you mean Nicola Sturgeon - personally I find her a bit irritating, but from what I know she's actually done a lot of good for the country. And she was spot on about torture when answering the question on QT where Hugh Hendry particularly horrified me. I see your point about politicians and I can understand why it seems that way a lot of the time, but there are at least some who are honourable; just it takes a certain type to make it to the very top, it seems.
Yes that irritating bitch! Haha...I bet it's evened it out though from the negative effect she has imposed upon society through being so inept! Hugh Hendry speaks the truth in most cases and people seem to form a vendetta against him because they are too afraid to hear it and react accordingly! Agreed, most who reach the top level are very good on the talking front but not so much on acting upon the important issues that would help society rather than themselves...
I love the way the politicians have fooled themselves and the tabloid-reading public into thinking that banks and hedge funds are somehow to blame for the ecumenic mess we're in. Did they spend spend spend? Who caused the structural deficit? AND the deficit is not a result of bank bail outs, but excess spending. Time for the truth to be told.
politicians did stupid things for the last 50years, with very destroying consequences on their citizens, and blame the hedge funds now, what a sick joke :/
@leoamar4385896, yeah I mean it's not like he has started a business, employed poeple, made a return on investment for his clients and helped by contributing information to the market with his opinion (which has been correct!) which allow for better price discovery.
Hedge Funds are often the only entities willing to say the emperor has no clothes and the establishment hates that. If you want to hate, hate the people who go cup in hand to the government.
@leoamar4385896 - nonsense, there's plenty of funds out there loaning capital to new business, being joint ventures creating products across the gammut of sectors. Don't believe everything you read in the mass media you'll come across as 'annoying'!
@Boabywankenobi Ive interned in a prime brokerage department of a NY bank so I have some idea... Yes, there are PE funds, VC funds and others that provide much needed capital for OTHER people to be entreperneurs - but there is a vast amount of hedge fund capital out there still chasing synthetic structured securities and other non-useful-to-society BS. I'd be ok with calling SOME managers helpful to entrepreneurs but for 99% of them to call THEMSELF an entrepreneur is...well...
@leoamar4385896 : Hugh was a fund manager at Odey, he then took his fund and started his own business - is that not the spirit of an entrepreneur? starting ones own business? yes or no?
@Boabywankenobi I have no idea about Hugh's background and don't care. But if the business he started was a run-of-the-mill investment fund- then no, I personally don't consider him an entrepreneur. Technically does it fit the broad definition of entrepreneur? Absolutely. But I suppose my definition is more strict because I have a lot of admiration for those whom I call "entrepreneurs". I'm curious- do you consider a lawyer who seems some clients independently an entrepreneur?
@leoamar4385896 : Hugh founded and runs his own legal entity with approximately $450m in assets - he's the very definition of an entrepreneur, that's unequivocal regardless of your 'wishy-washy' application of the term. I find it remarkable that you can denegrate when you haven't even bothered to do your research on the man or have any apparent understanding of what an entrepreneur is?
@Boabywankenobi I used the qualifier "if" and it looks like it stands. furthermore I admitted that my strict definition is not the only valid one. A word's meaning is what we assign it.
I get the impression he's your role model and my criticism has offended you. Let me just say that either way, I do congratulate him for his financial success. I just have a chip on my shoulder concerning his image as a public hero of sorts. But that's just me.
@leoamar4385896 : I was taking the time to explain your intial post was simply wrong (except in your own venacular)! Not a role model but I do work in the industry and am constantly disappointed by comments such as the one you initially posted because it's inaccurate, lazy and wearisome. For the record, financial success is relative, applaud him for starting with nothing and building his business up to be a success!
@Boabywankenobi If you agree that people have different standards for the term then what makes my initial post more "wrong" than yours? Ironmunkeh has spoken in agreement of my view/definition and nobody has yet agreed with yours.
Don't just throw in random adjectives to insult people's views. "Inaccurate" is just your opinion, and if one person does have the more "lazy" definition, it would be your use of an absurdly broad one- tell me are: are lawyers entrepreneurs and why or why not?
"Champagne socialists" didn't drive the banking sector, in the USA, UK and elsewhere, to take unacceptable risks, leverage their balance sheets to ridiculous levels to the extent that they had to go cap-in-hand to their governments in order to literally survive!
Hendry has an obvious, vested interest in "talking down" the Euro. The outcome, three months on from this interview, is that the Euro is recovering and Greece just successfully refinanced some of its debt at a higher price!
Meanwhile, the bold Mr Henry must be disappointed by recent positive developments in the Eurozone (April-August 2010), e.g. successful refinancing of Greek's maturing debt, the Euro banks' Stress Test results (which yielded no major shock / surprises) and good German GDP growth stats.
Wouldn't you agree that international attention seems to be shifting back to the USA, where the whole damned mess began in the first place?
@biohazard391 - Hugh Hendry is hardly the only one who predicted that Greece was in trouble. Of Goldman Sachs' role, he says nothing. What a surprise. Meanwhile, the Euro is still in place; speculators like Hendry jump up and down when solutions aren't instantaneous; they're like kids! BTW - in FYE 2010 his fund reported an 80% fall in profits, while the FTSE-100 soared ahead. He's doing a bit better this year though ;-)
@londonscot1 FYI - Hendry is 100% correct here. The default has already occurred. You can't blame the messenger. Investors don't feel safe taking on Greek Debt. Whose fault it that? Speculators? Really? I'd say its the Greek recklessness with their economy. The fund didn't lose 80% in value, the management company's profits declined 80% because they didn't get their performance bonus because they didn't outperform. The fund did NOT lose 80%. Big difference.
@habraify - I said that the fund's PROFITS fell by 80% in 2010, not the value. I would dare to suggest that the owners regard profits as an important goal too! Yes, the Absolute Macro Fund's up about 10% this year; but its track record isn't very long, is it? And the Agriculture Fund is flat. Of course there was Greek recklessness - I have sat in a room and heard the Greek Finance Minister admit it, long before Hendry made these comments. There was also tax evasion and Goldman Sachs!
Literal mindedness...hmm, well it helps when trying to be truthful but truth is something of which you'd have little understanding my dear vulture enabler.
I will not listen to the hubris of an opportunist like Hendry, he talks up his own position which is purely self serving and anti social. People like this shouldnt be given a platform in the media, they are eating away at the nation state and if you cheerlead him you are either an idiot or an investor.
So what you're saying is you're a totalitarian? I guessed as much but thanks for the clarification. And thanks for signing your comment with your real name in capitals.
Your logic is somewhat impaired as is the morality of the creature you appear to be defendiing. I suggest you are little more than an ignorant smart arse (although the "smart" part of the equation appears to be lacking). You are of course at liberty to dipute the assertion.
Just by way of clarification as you seemed somwhat confused by my last post the word dolt was actually adressed at you, sorry if this was somewhat unclear. I would suggest you print yourself a t-shirt with the word in large black letters, preferably on white, to wear at all times. Best wishes.
Not the truth he just stand for an idea that Greece irresponsibility was the only reason far their trouble. But those edge funds are far more responsibly for that. I see these problem like a drug problem: the drug dealer (edge funds) sell drug (debt) for the drug addict (greece)... These guys use short-selling cds to attack greece and make billions from that, and concerted actions with their buddy's S&P and Moores or others. So to me these guys should pay for some of the actual crisis.
I agree, these people should be targeted, they are gaming the system whilst laughing at the idea of social solidarity. A parasite who needs to be removed.
ridicolous. regulate hedge funds and let banks lever up 20, 30, 40 times and continue to accept saver's money and call tax payer when they mess up again... regulate the banks. split them up. size them down. limit (off and on balance sheet) leverage. smoke these crooks out.
Loses cool? Thought it was a cool, collected response perfectly in line with reality..unlike that political scum. Hendry's risking his own money; politicians wish to risk other people's money. I think I'll trust the person with everything to lose rather than the thief who has only his pirated booty to splash around.
Hendry did not lose his cool. Quite the contrary, he told how it is in the Brussels and Strasbourg. Those fat europigs are worried about losing their feodal priviledges, so they try to blame it all on "speculators".
Hugh should have asked that scumbag a question: how many speculators are attacking German Bunds right now? Or the bonds of another healthy economy? None.
Its like these bureaucrat leech scumbags think people just wake up one day and randomly pick something to short just for the fun of it.
Doesn't sound like losing his cool, sounds like the truth! People want to blame the bets against greek debt being there for the instability in greeces sovreign debt, but if greece hadn't done things wrong in the first place ... they wouldn't have that to worry about.
The skin fold above his nose looks like a pussy
mswoonc 1 month ago
He didn't lose his cool at all.
channelislander 2 months ago 5
He didn't lose his cool; the eurocrat did. Hendry, like all people, is a mixed bag, but he was 100% correct on this.
MarcusCMarcellus 3 months ago 7
so this is how he loses his cool ? i thought he is happy there.
NeoKailthas 4 months ago
Champagne Socialist!! What a fantastic term!! Hugh Hendry is awesome.. He did not lose his cool, seriously. He was just putting forth some of the facts which may sound annoying to some people. Truth hurts..
charlieking100 4 months ago
@charlieking100 "limousine liberal" is also a good one.
WesSeid 3 months ago
I like this Hugh hendy ;-)
luvpump1 4 months ago
@rocknrollbigmac "If the continent goes into meltdown".
This is what you fail to understand. There no longer is an "if". There was was still an "if" back in '09, when Hendry was warning about this crisis. People like Hugh Hendry are willing to put their money where their mouth is. Guess what, if he's wrong, he loses all his money! Betting on the downfall of the Euro is a contrarian view, you only take that position when you are sure that that the politicians are completely full of shit.
TehFlamingLipz 4 months ago
@rocknrollbigmac And what profession do you choose to make a living? Judging from your name lets assume its flipping burgers, or some other shitty service job. Does the fact that someone chooses to work a low paying, low skill service job make them less of a peice of shit than Hugh Hendry? Is he a peice of shit because he risks lots of his own money and is rewarded greatly when he makes correct calls? Moron
TehFlamingLipz 4 months ago
Hugh Hendry speaks the truth - just look where everything has ended up. He was right, the politician wrong. SERVED!
cadavari 4 months ago
@Inoitspointless when people resort to being rude it's quite safe to say that they can't say anything else. Congratulations on your credentials you are obviously a man of the world......
murrchops 4 months ago
And one day, technology, reached through capitalism, will eradicate the need for human labour. You can't substantiate an argument so you're trying to brush it aside by saying you've done it all. Who cares? It doesn't make it any more like exploitation. And before you go there... I started in the job world labouring and I still do a labour intensive job.
ralliart2000 4 months ago
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ralliart2000 4 months ago
@Inoitspointless To say they're exploited you have to assume they have a right to be given more, that they have a right to be given what others have earned. In most cases, the wealthy have got that way because the 'exploited' have given it to them through the market. They're definitely not exploited. Slavery is exploitative, capitalism is not. Yes, there has to be workers, but there are many other reasons why the people in these countries earn less than a dollar a day.
ralliart2000 4 months ago
The only winners in all this mess are the bank employees, managers and CEO. Good time, they take their fees + bonuses. Bad time, the use lawyers to ring-fence bailout money as part of their pay package and golden goodbyes. WTF!?
PhantomAct 5 months ago
@Inoitspointless do you feel exploited? Why don't you tell all the people who went to work in factories that they are being exploited and what they should be doing is actually going back to agricultural subsistance. Wealth is productive capacity, if entrepreneurs don't create it who does? The state definitely can't, the state screws up everything it touches. What type of society do you want to live in, have a think then tap your answer out on the computer that the entrepeneur created.
murrchops 5 months ago
@Inoitspointless are you actually Carl Marx yourself! Quick tell the Chinese they have got it wrong and they should stop these evil entrepreneurs building factories and allocating capital productively. What they should be doing is acting like the North Korea, now that is the way to prosperity!
murrchops 5 months ago
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86lrk 5 months ago
hugh hendry is right. When people speculate markets upward you hear nobody, when they speculate downward all of a sudden they made the world collapse
86lrk 5 months ago
@Inoitspointless Those people wouldn't have jobs without entrepreneurs...
AlextheTitan 5 months ago
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Right so Greece lies about how much its got, joins the Euro on a false basis - one the basis of lies - this destroys the Greek economy and according to the politicians (and the socialists) its not the politicians who told the lies that caused the problem but the guys who spotted the lie. Its like robbing someone and then blaming the police for catching you!
ginfan1234 6 months ago
Right so Greece lies about how much its got, joins the Euro on a false basis - one the basis of lies - this destroys the Greek economy and according to the politicians (and the socialists) its not the politicians who told the lies that caused the problem but the guys who spotted the lie. Its like robbing someone and then blaming the police for catching you!
ginfan1234 6 months ago
Stupid politician never had a real job so he apportions blame elsewhere all hes bothered about is getting to the next election cycle.
ukipwarrior 6 months ago
Anyone defending this hedge fund manager has not understood or learned anything from the current state of affairs...
aanleunwoning 6 months ago
The scotsman is either a dedicated liar or just delusional. '...prosperity created by risk-takers and entrepreneurs like me...' Thats why people are being laid off in their droves, why peoples benefits and public services are being taken away from them, why any normal person cant afford to send their kids to university anymore to get an education, thus earn a living. How can he keep a straight face?
TeifiValley123 7 months ago
@TeifiValley123 @TeifiValley123 If YT would allow it, I could go into detail as to "Why?", but in short: Fuck the common people.
You see, the common people are the meat, the muscle, the cattle, which is to be used in enterprises by said entrepreneurs; University is not for the common man with no aspirations. As to the layoffs: the manual labour is being replaced by automation and slaves in China, though eventually everything will assembled by robotics.
WW3 for the surplus pop. is coming.
z0nt21 6 months ago
@z0nt21 If you actually believe what you're saying, you're a disgusting.
TeifiValley123 6 months ago
@TeifiValley123 I'm just the messenger, that is how the society, in this case in the UK, works. You will get societal collapse soon, with a new World War being initiated to calm the public and get rid of the surplus, unemployed population - there is no prospect of future growth in said society, the 'jobs' are not coming back.
z0nt21 6 months ago
@z0nt21 youre right in saying thats how some sectors of the population want it to work. Its the same sector of the population which are ignoring the things that currently threaten to wipe out mankind, like nuclear weapons and climate change. They are issues which the survival of the species literally depends on. i think a 3rd world war, started to get rid of the superfluous population is crazy talk. and there is a difference between being 'the messenger' and condoning that order of the world.
TeifiValley123 6 months ago
"...the magnitude of the problem confronting Greece is now greater than these guys and" their ability to respond to it. So now they have to apportion blame elsewhere." Can't argue with that.
tigranvartanovitch 8 months ago 2
HAHAHA "the prosperity created by entrepreneurs like me."
Hedge fund managers don't create shit. The market is a zero sum game. They're all professional gamblers and sales men, transferring wealth into their own accounts and sometimes, those of their clients. They're parasites on the system. People who work for a living to create products and real services create prosperity.
aluisious 8 months ago
Poul Nyrup Rasmussen is a complete and utter left-wing socialist tool - his intellectual ability is comparable to that of a hole in the ground.
Having said that, Mr. Hendry is 100% right, Poul Nyrup Rasmussen has never traveled coach since he became a politician - not even once!
DenmarkRadar 9 months ago 2
Hugh Hendry is a free market loon!
shinobi38 11 months ago
@shinobi38 Indeed, a loon supporting the absurd notion that the free interactions of billions of people are a superior means of organising the economy than some twats in ivory towers and their equations which caused the crisis. Sure. We're the loons. Go bark up another tree.
Moragauth 11 months ago 3
@Moragauth
A billion thumbs up. This guy up here, hendry, I've seen other things he's said and written. When people use macro economic terms he's like wtf? Short run Long ru..... wha?
In tough times people view the world too simplistic and think the academia is working on a big conspiracy, they ignore large multiplier effects.
Great ideas are made through a tough evolution of difficulties. In the short run people ignore the positive change effects issues eventually have.
Carebearbull 9 months ago
@Moragauth Ironically I first thought you were talking about hedge fund managers as those being the in ivory towers.
aluisious 8 months ago
Astonishingly good.
EnglishG3nt 1 year ago
He has a great talent for rhetoric. However, he is full of shit.
henrythesteinberg 1 year ago
@henrythesteinberg I agree def not to be trusted. very biased perspective due to his prospects hanging in the balance.
scout6686 1 year ago
@henrythesteinberg Prove it.
Moragauth 11 months ago
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wjr1fkt, you look like a fool with this absurd title. Hendry is dead right. Champagne socialist indeed.
acp6s 1 year ago
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wjr1fkt, you look like a fool with this absurd title. Hendry is dead right. Politicians all have blood on their hands and they are pointing the finger like spoiled, unrepentant children.
acp6s 1 year ago
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acp6s 1 year ago
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acp6s 1 year ago
Hugh Hendry is right. He is among the wealth creaters that provides essential capital for efficient companies. The world does not run on bureacrats from Bruxelles - and EU's increasing power and authority will end up being the end of EU.
Have India and China been worse or better off by liberalizing their capital markets? I think the answer is fundamentally inquestionable.
NielsBrockIBB 1 year ago
"champagne socialist" ~!
jhardknox 1 year ago
Hugh, you should go back to school and take some courses before showing up in medias, a poor bachelor of art provides nothing in your mind..lol..
nuketothesky 1 year ago
He didn't lose his cool at all. Well done Hendry. Socialism robs from the working class (everyone other than the political class and the ones that work for them) and gives to the political class. Robin Hood was not robbing "from the rich and giving to the poor." He was getting back the stolen property that the State took by force and giving it back to its rightful owners. State = Socialists / Collectivists / Thieves. Risk exists everywhere. It's part of life.
sambking 1 year ago
free markets, free enterprise ,socialists,! no one likes them!!,hedge fund managers believe in socialism yes,socialism for the rich!!, greece broke or the rules!!, what !!maybe!, wall street traders and hedge fund workers! didnt???
100ianbj 1 year ago
Rasmussen is an absolute tit. Him and this bunch of socialist, third way, mixed economy eurofederalists led us bang smack into this recession. They thought they could have it all. They thought they'd abolished economic cycles. They thought that by inflating a housing bubble, and relying on borrowing year after year to plug budget shortfalls that this would get them all re-elected. And it did! And to pay for their political careers we are ALL now in the shit. Fuck Rasmussen. Well said Hugh.
Maino88 1 year ago 2
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@Maino88 Socialist or Third Way? Make your mind up.
01AlanBennett 1 year ago
@01AlanBennett Both Socialism and Third Way are peas in the same pod. Both are statist, paternalistic, evil forms of watered down communism. Both steal money from ordinary people and channel it through the political classes in order to sustain vast public spending rackets. Rasmussen is one of the most dangerous people in the world. His pan-Euro-socialism is going to piss away our prosperity and liberty.
Maino88 1 year ago 2
@Maino88
Well said!!
Creeno1 9 months ago
Hugh Hendry is an imbecile who can't string a sentence together. I love the look of utter contempt in Paxman's eyes.
vasselini 1 year ago
@vasselini
You are only able to pull off a comment such as that one vasselini when you have acquired the level of success which he has you fuck!...Otherwise don't comment on a successful competent intelligent individual when you are probably a looser bin man! GOD!
Lad593 1 year ago 18
@Lad593 By success, do you mean money? This man has no moral wealth and is holds disgusting attitudes towards other people. Learn a bit about the guy before you defend him - as a Scot I am absolutely ashamed of this man; he is a disgrace. By the way, while you're learning that, work on your spelling too.
01AlanBennett 1 year ago
@01AlanBennett
Yes, yes I do! The man has vision far better than a bunch of stupid ignorant Scottish nationalists, ha! I know quite a lot about the fellow actually and I didn't ask for your life story or opinions on him. Oh and by the way the spelling mistake was a typo on loser but I'm glad you spotted it because you can be added to that category for opposing someone who has true aptitude! Let us not go too far into English also as your statement made a whole lot of sense: 'and is holds' Haaa!
Lad593 1 year ago 16
@Lad593 you're right, fair point about "is holds"; don't know what that was about. Just wondering, which bunch of nationalists are you referring to? I'm sure there are many ignorant nationalists, but there are plenty who aren't - much as some of the comments below prove that there is plenty of ignorance on all sides to be honest. My favourite was someone suggesting "socialists" caused the economic crisis of recent times. Youtube is a wonderful arena for intelligent thought.
01AlanBennett 1 year ago
@01AlanBennett
Yep thanks :) Not particularly sure of her name although I saw her appear on Question Time! Ha, true, good point! Hmm same although I believe you cannot pick out just one singular group in society who are solely responsible for the economic downturn. It seems all politicians seem to cause more problems rather than producing a beneficial service to the public's requirements which is more about what they should concentrate on, instead of the best personal gain they can achieve! =/
Lad593 1 year ago 4
@Lad593 I think you mean Nicola Sturgeon - personally I find her a bit irritating, but from what I know she's actually done a lot of good for the country. And she was spot on about torture when answering the question on QT where Hugh Hendry particularly horrified me. I see your point about politicians and I can understand why it seems that way a lot of the time, but there are at least some who are honourable; just it takes a certain type to make it to the very top, it seems.
01AlanBennett 1 year ago
@01AlanBennett
Yes that irritating bitch! Haha...I bet it's evened it out though from the negative effect she has imposed upon society through being so inept! Hugh Hendry speaks the truth in most cases and people seem to form a vendetta against him because they are too afraid to hear it and react accordingly! Agreed, most who reach the top level are very good on the talking front but not so much on acting upon the important issues that would help society rather than themselves...
Lad593 1 year ago
I love the way the politicians have fooled themselves and the tabloid-reading public into thinking that banks and hedge funds are somehow to blame for the ecumenic mess we're in. Did they spend spend spend? Who caused the structural deficit? AND the deficit is not a result of bank bail outs, but excess spending. Time for the truth to be told.
troytempes7 1 year ago 2
Hugh is an Idol....He s just saying everybody the truth unlike those socialist morons....
apantaloni 1 year ago 4
politicians did stupid things for the last 50years, with very destroying consequences on their citizens, and blame the hedge funds now, what a sick joke :/
YTfcuk 1 year ago
i do agree with hendry regarding socialists governments thieves
YTfcuk 1 year ago 4
Champagne Socialists is right!
TruthAxe 1 year ago
it's annoying that a hedge fund manager would call himself an entrepreneur - they create nothing.
leoamar4385896 1 year ago
@leoamar4385896, yeah I mean it's not like he has started a business, employed poeple, made a return on investment for his clients and helped by contributing information to the market with his opinion (which has been correct!) which allow for better price discovery.
Hedge Funds are often the only entities willing to say the emperor has no clothes and the establishment hates that. If you want to hate, hate the people who go cup in hand to the government.
ironmunkeh 1 year ago
@leoamar4385896 - nonsense, there's plenty of funds out there loaning capital to new business, being joint ventures creating products across the gammut of sectors. Don't believe everything you read in the mass media you'll come across as 'annoying'!
Boabywankenobi 1 year ago
@Boabywankenobi Ive interned in a prime brokerage department of a NY bank so I have some idea... Yes, there are PE funds, VC funds and others that provide much needed capital for OTHER people to be entreperneurs - but there is a vast amount of hedge fund capital out there still chasing synthetic structured securities and other non-useful-to-society BS. I'd be ok with calling SOME managers helpful to entrepreneurs but for 99% of them to call THEMSELF an entrepreneur is...well...
leoamar4385896 1 year ago
@leoamar4385896 : Hugh was a fund manager at Odey, he then took his fund and started his own business - is that not the spirit of an entrepreneur? starting ones own business? yes or no?
Boabywankenobi 1 year ago
@Boabywankenobi I have no idea about Hugh's background and don't care. But if the business he started was a run-of-the-mill investment fund- then no, I personally don't consider him an entrepreneur. Technically does it fit the broad definition of entrepreneur? Absolutely. But I suppose my definition is more strict because I have a lot of admiration for those whom I call "entrepreneurs". I'm curious- do you consider a lawyer who seems some clients independently an entrepreneur?
leoamar4385896 1 year ago
@leoamar4385896 : Hugh founded and runs his own legal entity with approximately $450m in assets - he's the very definition of an entrepreneur, that's unequivocal regardless of your 'wishy-washy' application of the term. I find it remarkable that you can denegrate when you haven't even bothered to do your research on the man or have any apparent understanding of what an entrepreneur is?
Boabywankenobi 1 year ago
@Boabywankenobi I used the qualifier "if" and it looks like it stands. furthermore I admitted that my strict definition is not the only valid one. A word's meaning is what we assign it.
I get the impression he's your role model and my criticism has offended you. Let me just say that either way, I do congratulate him for his financial success. I just have a chip on my shoulder concerning his image as a public hero of sorts. But that's just me.
leoamar4385896 1 year ago
@leoamar4385896 : I was taking the time to explain your intial post was simply wrong (except in your own venacular)! Not a role model but I do work in the industry and am constantly disappointed by comments such as the one you initially posted because it's inaccurate, lazy and wearisome. For the record, financial success is relative, applaud him for starting with nothing and building his business up to be a success!
Boabywankenobi 1 year ago
@Boabywankenobi If you agree that people have different standards for the term then what makes my initial post more "wrong" than yours? Ironmunkeh has spoken in agreement of my view/definition and nobody has yet agreed with yours.
Don't just throw in random adjectives to insult people's views. "Inaccurate" is just your opinion, and if one person does have the more "lazy" definition, it would be your use of an absurdly broad one- tell me are: are lawyers entrepreneurs and why or why not?
leoamar4385896 1 year ago
one represents the fools
one represents the rich
this is a miss match
foxbat101 1 year ago
"Champagne socialists" didn't drive the banking sector, in the USA, UK and elsewhere, to take unacceptable risks, leverage their balance sheets to ridiculous levels to the extent that they had to go cap-in-hand to their governments in order to literally survive!
Hendry has an obvious, vested interest in "talking down" the Euro. The outcome, three months on from this interview, is that the Euro is recovering and Greece just successfully refinanced some of its debt at a higher price!
londonscot1 1 year ago
@londonscot1 let's check again on the EUR, Greece, Spain and friends in a year or two.
genevastevo 1 year ago
@genevastevo -
Yes, let's!
Meanwhile, the bold Mr Henry must be disappointed by recent positive developments in the Eurozone (April-August 2010), e.g. successful refinancing of Greek's maturing debt, the Euro banks' Stress Test results (which yielded no major shock / surprises) and good German GDP growth stats.
Wouldn't you agree that international attention seems to be shifting back to the USA, where the whole damned mess began in the first place?
londonscot1 1 year ago
@londonscot1 One year later.... I'd say you lose.
biohazard391 3 months ago
@biohazard391 - Hugh Hendry is hardly the only one who predicted that Greece was in trouble. Of Goldman Sachs' role, he says nothing. What a surprise. Meanwhile, the Euro is still in place; speculators like Hendry jump up and down when solutions aren't instantaneous; they're like kids! BTW - in FYE 2010 his fund reported an 80% fall in profits, while the FTSE-100 soared ahead. He's doing a bit better this year though ;-)
londonscot1 3 months ago
@londonscot1 FYI - Hendry is 100% correct here. The default has already occurred. You can't blame the messenger. Investors don't feel safe taking on Greek Debt. Whose fault it that? Speculators? Really? I'd say its the Greek recklessness with their economy. The fund didn't lose 80% in value, the management company's profits declined 80% because they didn't get their performance bonus because they didn't outperform. The fund did NOT lose 80%. Big difference.
habraify 3 months ago
@habraify - I said that the fund's PROFITS fell by 80% in 2010, not the value. I would dare to suggest that the owners regard profits as an important goal too! Yes, the Absolute Macro Fund's up about 10% this year; but its track record isn't very long, is it? And the Agriculture Fund is flat. Of course there was Greek recklessness - I have sat in a room and heard the Greek Finance Minister admit it, long before Hendry made these comments. There was also tax evasion and Goldman Sachs!
londonscot1 3 months ago
loses his cool? I think you lost it and that gave you brain damage
titowhitearg 1 year ago
Does he remind anybody else of Eddie Jordan?
BomberAl123 1 year ago
Hugh is the very definition of cool - he can't lose it.
borecafe 1 year ago 3
go Henry go!!!!!
SilverRose09 1 year ago
Loses his cool indeed. Who ever captioned this video has no clue about "losing one's cool." Can I have the 1:39 of my life back please?
PyroclasticJoe 1 year ago 6
Literal mindedness...hmm, well it helps when trying to be truthful but truth is something of which you'd have little understanding my dear vulture enabler.
2legs2armsetc 1 year ago
I will not listen to the hubris of an opportunist like Hendry, he talks up his own position which is purely self serving and anti social. People like this shouldnt be given a platform in the media, they are eating away at the nation state and if you cheerlead him you are either an idiot or an investor.
2legs2armsetc 1 year ago
@2legs2armsetc "shouldn't be given a platform in the media"? So I guess we just trust whatever truth you deem to be, ah, the truth?
Ev630 1 year ago
@Ev630
You can "guess" whatever you want and you can place your "ah" with the letter "s" (phonetically speaking) where it belongs! DOLT.
2legs2armsetc 1 year ago
@2legs2armsetc
So what you're saying is you're a totalitarian? I guessed as much but thanks for the clarification. And thanks for signing your comment with your real name in capitals.
Ev630 1 year ago
@Ev630
Your logic is somewhat impaired as is the morality of the creature you appear to be defendiing. I suggest you are little more than an ignorant smart arse (although the "smart" part of the equation appears to be lacking). You are of course at liberty to dipute the assertion.
2legs2armsetc 1 year ago
@2legs2armsetc
Not defending his morality. Challenging your attack on the freedom of expression. Too subtle for you?
Ev630 1 year ago
@Ev630
Just by way of clarification as you seemed somwhat confused by my last post the word dolt was actually adressed at you, sorry if this was somewhat unclear. I would suggest you print yourself a t-shirt with the word in large black letters, preferably on white, to wear at all times. Best wishes.
2legs2armsetc 1 year ago
@2legs2armsetc
Yes, yes. What a literal-minded fellow you are. Totalitarianism and humourlessness go hand in hand.
Ev630 1 year ago
Not the truth he just stand for an idea that Greece irresponsibility was the only reason far their trouble. But those edge funds are far more responsibly for that. I see these problem like a drug problem: the drug dealer (edge funds) sell drug (debt) for the drug addict (greece)... These guys use short-selling cds to attack greece and make billions from that, and concerted actions with their buddy's S&P and Moores or others. So to me these guys should pay for some of the actual crisis.
dulciaquicola 1 year ago
@dulciaquicola
I agree, these people should be targeted, they are gaming the system whilst laughing at the idea of social solidarity. A parasite who needs to be removed.
2legs2armsetc 1 year ago
ridicolous. regulate hedge funds and let banks lever up 20, 30, 40 times and continue to accept saver's money and call tax payer when they mess up again... regulate the banks. split them up. size them down. limit (off and on balance sheet) leverage. smoke these crooks out.
lamargna 1 year ago
Hendry is right.
whitekuduone 1 year ago 2
I want to start the Hugh Hendry fan club - he is fantastic. I love him.
ZLFLG30 1 year ago 4
Loses cool? Thought it was a cool, collected response perfectly in line with reality..unlike that political scum. Hendry's risking his own money; politicians wish to risk other people's money. I think I'll trust the person with everything to lose rather than the thief who has only his pirated booty to splash around.
Mises85 1 year ago 3
Hendry, we love you! Jesus loves you too!
XBionic1955 1 year ago
good message from Hendry
brandonb3100 1 year ago 2
good message from Hendry
brandonb3100 1 year ago 2
This comment has received too many negative votes show
henry, such a hedge fund parasite... XD way to go Germany!!
iaf000 1 year ago
Hugh Hendry did not lose his cool. Hugh Hendry IS cool.
tigranvartanovitch 1 year ago 4
Hugh Called the collapse of the Euro well over a year ago.
They should have him a chancellor
express375 1 year ago 4
.
The MORTGAGE MESS (a 4 step fraud):
Step 1. "Redlining" -- Fake outrage over lenders NOT lending money to those who can't repay.
Step 2. "Community Reinvestment Act" -- alter FEDERAL LAW so "community organizers" dictate lending practices to lenders.
Step 3. "Predatory Lending" -- Fake outrage over lenders having lent money to those who can't repay, as the toxic debt collapses.
Step 4. Blame "deregulation"; blame "capitalism".
FANNIE MAYHEM
TylerNull 1 year ago 3
Champagne Socialists...Great term. Hugh is the man...
pismo10 1 year ago 4
Hendry did not lose his cool. Quite the contrary, he told how it is in the Brussels and Strasbourg. Those fat europigs are worried about losing their feodal priviledges, so they try to blame it all on "speculators".
k21160 1 year ago 2
This comment has received too many negative votes show
Hendry's a cunt and needs to be hung from a lamppost.
TesterAnimal1 1 year ago
Hugh should have asked that scumbag a question: how many speculators are attacking German Bunds right now? Or the bonds of another healthy economy? None.
Its like these bureaucrat leech scumbags think people just wake up one day and randomly pick something to short just for the fun of it.
checktofolder 1 year ago
Well done Hugh. Tell that scumbag bureaucrat leech how it is.
checktofolder 1 year ago 3
Hugh Hendry --- You are dumb ass ... IF somone going bankrupt and you saved it with with printed money ...
The best example of what can happen is --- fall of CCCP .
aviomaster 1 year ago
@aviomaster Hugh has made the point that they shouldn't bail them out with printed money.
watch?v=E4MAifsp-8E&feature=related
TheMobocracy 1 year ago
That was rather mild for Hugh. He did not lose his cool. The title of the video is misleading.
petehuss 1 year ago 2
Champagne socialists. LOL!
eatandtravel 1 year ago
I just love Hugh Hendry, especially when he's being his blunt self. I want to see more of this interview! And btw he's 100% right...
lithophiliac 1 year ago 4
wheres the rest of the interview????
eugeneedwards 1 year ago 30
Doesn't sound like losing his cool, sounds like the truth! People want to blame the bets against greek debt being there for the instability in greeces sovreign debt, but if greece hadn't done things wrong in the first place ... they wouldn't have that to worry about.
vcdrob 1 year ago 91
@vcdrob Amen!
idsman75 1 year ago