@armoredinnerjacket Yes, today we had a high, tomorrow we'll probably see another one, but then again, it's what we will see over the next few months that really matters. I suspect you are correct. The problems in the Eurozone have only been packaged up and pushed forward as far as I'm concerned. Lower lows lie ahead...
Holyfuckingshittttt those were some great fucking calls! This was back in 2009! Hardly anyone was talking about Greece, defaulting! No one thought China would be slowing anytime soon. Fast forward almost 3 years and look at how prescient his words were. No wonder his short China fund is up over 40 % ytd. Hugh Hendry you are my hero
Mankind will always go forward, in research, science, technology, medicine, and in economy as well as stock markets of course. You cannot bet against the mankind and win, as well as you cannot bet against American and win. People who speculate and dance their way in and out of the markets will always lose money. Most hedge fund managers are bookies taking bets for or against. How do you lose money in the market where Dow Jones Industrial Average went from $66 1920 to 11,871 last Friday?
@49fiori People live for 80 or so years on average for a good reason - so that mankind can repeat it's mistakes! This has happened before, and more of the same will happen in the future. Income inequality is growing, and the standard of living in the West is falling. Good luck out there, to those of you who place your faith in the hands of others. I like certainty. One thing is certain in life - the behaviour of man. Greed and folly ultimately trump logic and prosperity - watch Margin Call.
If tthis guy thinks we need a gold standard which he says is where hes trying to 'get back', hes an idiot. We will instantaneously go through a whoring depression by constricting the money supply by not allowing the dollar to shed dollars while we the international pupil (canadian) allow them to flush their system and not allowing a total international collapse of trade.
"U.S. has 50 Trillion in debt" hmmm is anyone paying attention? Is anyone noticing the distinction between this claim and lamestream media? The disparity is HUGE!
Just like nationalization and privatization. Euro zone like privatization works when things are good.
Short selling will always lead to economic sabotage. Instead of blowing the whistle on what was going wrong in the financial sector. Those in the know kept quiet and just bet that things were going to go pop and they would gain from it. Asking a hedge fund manager about short selling is like asking casino about the benefits of gambling.
a very smart guy who unfortunately starts believing himself a bit too much....the euro wont break up....if you bet that way you lose all the money...trade simple ideas not complicated theories
I know that for example Peter Schiff knows what is he talking about, but where can we look for advice in Europe? I am glad that I found someone, thank you for the video...
This comment has received too many negative votesshow
HTF can you compare Peter Schiff to this asshole? First of all Peter Schiff has never insulted any other nation by calling then PIGS and I will have this video removed from Youtube just from these grounds,so say goodbye to this UK fascist!
Second of all, if this asshole is buying 30 years bonds, he can stick them up his ass, he has obviously NOTHING TO DO with Peter Schiff and his INFLATIONARY bias.
I think the course of action being taken by western governments is wrong. We are dragging ourselves further into debt. At some point we have to realise that debt costs more when the collateral we have backing that debt devalues. i.e. interest payments need to go up because of higher risk of default.
Agreed. I cant help but think if gold going to $3000 was both certain and imminent as many think, it would have happened already. Something's amiss. It's going to happen when people have been frustrated by a longer than expected wait, a 'extended' deflationary period. Thks for the post cadavari. The more points of view the better
I think that there have been some fundamental changes that have occurred and are occurring in our financial systems. This is not merely a shock that we are going through. The system is changing. In this atmosphere, you can bet that people will be sticking to what they know best. People have not realised that relationships that they take for granted have been blown away. Look at equity and bond yields and you will see (also concerning Chinese growth).
Yes. Just imagine if the entire world was composed of people like:
Hugh Hendry
Peter Schiff
Jim Rogers
Marc Faber
Ron Paul
Alex Jones
Gerald Celente
I mean, people who are not always correct, but who observe the world first hand, think for themselves, try to be honest in their inferences, and honestly convey their observations and thoughts to others.
The world is screwed because 99.999999% of humans are the opposite.
99.9% of leaders to be correct! Most people want to live a decent life and raise their families! A few greedy and corrupted politicians and glory seeking inteligentsia comes along and makes astronomical promise of "Ending the booms and Busts cycles" for examples and the lay men fall into that trap. Hence the disaster 6 billions of people are facing in the 21st century! Let's cut of all their heads a la "guilotine" if you understand what I mean!
@burlearth: I think so. To be sure, he hyperventalates like crazy, and some things he believes are wrong, but I suspect he believes most if not all he says.
@honestann That is incorrect. We would live in a world where each and every person is accountable for their actions and means. What I mean by that is there would be no "champagne socialists", no excessive gearing, no burdening future generations with debt and a realistic view of the world.
Can someone tell me what an antonym for contrarian is? So, someone who's always on the side of what's popular?
Cotif11 3 months ago
@Cotif11 Concordant is one but there are several others.
Stokie09123 3 months ago
@Stokie09123 thanks, I found sycophant as well, but thanks for helping
Cotif11 3 months ago
Greetings earthling-alrighty then, where do u recommend that 'we' go 4rom 'here'?!? C-ya utopian websurfer
utopianwebsurfer 3 months ago
Is this Hugh's girlfriend?
Tsnore 4 months ago
..so today the stock mkt has its all time up month -- because greece is fixed and its safe to go back in the water
Spain Italy Ireland Portugal are fine now.
yeah sure my reaction was to go out and load up the truck with PUT options
It isn't over yet. I bet Hugh agrees
armoredinnerjacket 4 months ago
@armoredinnerjacket Yes, today we had a high, tomorrow we'll probably see another one, but then again, it's what we will see over the next few months that really matters. I suspect you are correct. The problems in the Eurozone have only been packaged up and pushed forward as far as I'm concerned. Lower lows lie ahead...
cadavari 4 months ago
@armoredinnerjacket check again.....
cadavari 4 months ago
Holyfuckingshittttt those were some great fucking calls! This was back in 2009! Hardly anyone was talking about Greece, defaulting! No one thought China would be slowing anytime soon. Fast forward almost 3 years and look at how prescient his words were. No wonder his short China fund is up over 40 % ytd. Hugh Hendry you are my hero
TehFlamingLipz 4 months ago 3
@TehFlamingLipz haha, that is why my pension is being looked after by this man.
cadavari 4 months ago
@TehFlamingLipz Hugh is a true inspiration. A realy guardian of capitalism.
cadavari 4 months ago
Mankind will always go forward, in research, science, technology, medicine, and in economy as well as stock markets of course. You cannot bet against the mankind and win, as well as you cannot bet against American and win. People who speculate and dance their way in and out of the markets will always lose money. Most hedge fund managers are bookies taking bets for or against. How do you lose money in the market where Dow Jones Industrial Average went from $66 1920 to 11,871 last Friday?
49fiori 1 year ago
@49fiori People live for 80 or so years on average for a good reason - so that mankind can repeat it's mistakes! This has happened before, and more of the same will happen in the future. Income inequality is growing, and the standard of living in the West is falling. Good luck out there, to those of you who place your faith in the hands of others. I like certainty. One thing is certain in life - the behaviour of man. Greed and folly ultimately trump logic and prosperity - watch Margin Call.
cadavari 4 months ago
Try online Asian women profiles lushfmlk.info
pinkiruina 1 year ago
If tthis guy thinks we need a gold standard which he says is where hes trying to 'get back', hes an idiot. We will instantaneously go through a whoring depression by constricting the money supply by not allowing the dollar to shed dollars while we the international pupil (canadian) allow them to flush their system and not allowing a total international collapse of trade.
TheCameo86 1 year ago
Hugh is a brilliant guy. Few people have the smarts this dude has....
He truly gets it.
dink65 1 year ago
"U.S. has 50 Trillion in debt" hmmm is anyone paying attention? Is anyone noticing the distinction between this claim and lamestream media? The disparity is HUGE!
anyusmoon1 1 year ago
Comment removed
RodneyAHampton 1 year ago
What a call.
PhilipWaterfield 1 year ago
All gone a bit quiet, chaps.
How's his prediction looking now?
He'd never take the job but I wish he was Chancellor of the Exchequer.
luciendelapeste 2 years ago
He's right on one thing...Hedgies got the banks absolutely right!....
toxicassettoxicasset 2 years ago
Just like nationalization and privatization. Euro zone like privatization works when things are good.
Short selling will always lead to economic sabotage. Instead of blowing the whistle on what was going wrong in the financial sector. Those in the know kept quiet and just bet that things were going to go pop and they would gain from it. Asking a hedge fund manager about short selling is like asking casino about the benefits of gambling.
BOZOPUSSYCAT 2 years ago
a very smart guy who unfortunately starts believing himself a bit too much....the euro wont break up....if you bet that way you lose all the money...trade simple ideas not complicated theories
jayseb666 2 years ago
A lot of good looking angry alpha traders here by the looks of it.
At least you can get a job at A&F if your positions don't work
brucemole 3 years ago
When Hendry mentions the PIGS I would like to have seen her face
SMCNI1968 3 years ago
I know that for example Peter Schiff knows what is he talking about, but where can we look for advice in Europe? I am glad that I found someone, thank you for the video...
dragonissimo 3 years ago
This comment has received too many negative votes show
HTF can you compare Peter Schiff to this asshole? First of all Peter Schiff has never insulted any other nation by calling then PIGS and I will have this video removed from Youtube just from these grounds,so say goodbye to this UK fascist!
Second of all, if this asshole is buying 30 years bonds, he can stick them up his ass, he has obviously NOTHING TO DO with Peter Schiff and his INFLATIONARY bias.
cartonet 3 years ago
Get your head out of your ass. He's talking about Portugal, Italy, Greece and Spain.
naidle02 2 years ago
I think the course of action being taken by western governments is wrong. We are dragging ourselves further into debt. At some point we have to realise that debt costs more when the collateral we have backing that debt devalues. i.e. interest payments need to go up because of higher risk of default.
cadavari 3 years ago
Agreed. I cant help but think if gold going to $3000 was both certain and imminent as many think, it would have happened already. Something's amiss. It's going to happen when people have been frustrated by a longer than expected wait, a 'extended' deflationary period. Thks for the post cadavari. The more points of view the better
cpswyl2 3 years ago
I think that there have been some fundamental changes that have occurred and are occurring in our financial systems. This is not merely a shock that we are going through. The system is changing. In this atmosphere, you can bet that people will be sticking to what they know best. People have not realised that relationships that they take for granted have been blown away. Look at equity and bond yields and you will see (also concerning Chinese growth).
cadavari 3 years ago
Yes. Just imagine if the entire world was composed of people like:
Hugh Hendry
Peter Schiff
Jim Rogers
Marc Faber
Ron Paul
Alex Jones
Gerald Celente
I mean, people who are not always correct, but who observe the world first hand, think for themselves, try to be honest in their inferences, and honestly convey their observations and thoughts to others.
The world is screwed because 99.999999% of humans are the opposite.
honestann 3 years ago 17
99.9% of leaders to be correct! Most people want to live a decent life and raise their families! A few greedy and corrupted politicians and glory seeking inteligentsia comes along and makes astronomical promise of "Ending the booms and Busts cycles" for examples and the lay men fall into that trap. Hence the disaster 6 billions of people are facing in the 21st century! Let's cut of all their heads a la "guilotine" if you understand what I mean!
AFRIKTODAY 2 years ago 2
@honestann Alex Jones, are you serious?
burlearth 1 year ago 2
@burlearth: I think so. To be sure, he hyperventalates like crazy, and some things he believes are wrong, but I suspect he believes most if not all he says.
honestann 1 year ago
@honestann That is incorrect. We would live in a world where each and every person is accountable for their actions and means. What I mean by that is there would be no "champagne socialists", no excessive gearing, no burdening future generations with debt and a realistic view of the world.
cadavari 4 months ago
thank your for sharing, this guy is class
fxlocal 3 years ago 3
yeah there is something I like about him as well. I can tell he is telling the truth...you can trust him.
rangeyer 3 years ago 5