Hugh Hendry (24/9/11) - 'We're not in a recession in the UK, we're in a DDDeeepression'

[armoredinnerjacket]

I sold my house in the UK in 2008 and bought a house in the USA in a 'solid' area. The US house has plunged in value and the UK house has been sold twice since - both times at a profit.

I see no UK depression when compared to the US - apart from the exchange rate which has gone from 2.04 to 1.54. When the world economies start moving up, the UK exchange rate is highly advantageous to the UK. I moved my cash to the US at 2.04 and I have moved it back at 1.54. USD will move down after a lag

[hendo19742]

A REAL DEPRESSION, GOVERNMENTS JUST LYING AND KEEP ON MOVING THE MUSICAL FINANCIAL CHAIRS AROUND! JUST BUYING TIME!

[jtierney001]

You won't know it until your atm doesn't work. That's your frame of reference. When you get fired AND you can't make withdrawals, you'll know

[PHONEYPOLITICS]

well you dont fooking say - get ready for your new world order currency - suckers

[NewRuss2011]

who says there is a depression? bankers. who gambled money? bankers. do you trust bankers? no. so when they say there is depression do you believe them? no.

whenever a banker or trader says there is a crisis, you know they are making profit from it. and the foolish people will ride the bandwagon.

[CharlesDilkes]

@NewRuss2011 Hendry isn't a banker, he's a wealth / hedge fund manager.

[fixingbraincell]

another make up "depression" 

[Wisdomfanatic2011]

of course they are going to make money by propagandizing that there is depression... so people get panic and start buying their assets. they make money. thats how "assets management" works for funders like this

[123theJapan]

i do not think the UK is in depression. it is an exaggeration.

[flowerpuff2001]

lies

[barretttrader]

i think as the retail market grows and no can deny it isn't growing, it will become an institution in itself. Like the days when poker took off and all newbies were all-in in every hand (no understanding of pot odds, too agressive etc.) newbie traders may be likey to follow the herd looking for the next big buck. @shawnbarrett

[DavidAKZ]

@2:15 Who gives a *t about public opinion ?

[HillcrestCapital]

BLOODY ELL MATE1-11-1-1-1-111111!!!!!!