Acid Breath 5 - The Kangaroo in the Wardrobe

The ACID Capitalist Podcast

Player FM - Internet Radio Done Right

65 subscribers

اضافه شده در five سال پیش

محتوای ارائه شده توسط Hugh Hendry. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Hugh Hendry یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

All About Change

1
Tiffany Yu — Smashing Stereotypes and Building a Disability-Inclusive World 30:23

17 روز پیش30:23

پخش در آینده

لیست ها

پسندیدن

دوست داشته شد

30:23

Tiffany Yu is the CEO & Founder of Diversability, an award-winning social enterprise to elevate disability pride; the Founder of the Awesome Foundation Disability Chapter, a monthly micro-grant that has awarded $92.5k to 93 disability projects in 11 countries; and the author of The Anti-Ableist Manifesto: Smashing Stereotypes, Forging Change, and Building a Disability-Inclusive World. As a person with visible and invisible disabilities stemming from a car crash, Tiffany has built a career on disability solidarity. Now that she has found success, she works to expand a network of people with disabilities and their allies to decrease stigmas around disability and create opportunities for disabled people in America. Episode Chapters 0:00 Intro 1:26 When do we choose to share our disability stories? 4:12 Jay’s disability story 8:35 Visible and invisible disabilities 13:10 What does an ally to the disability community look like? 16:34 NoBodyIsDisposable and 14(c) 21:26 How does Tiffany’s investment banking background shape her advocacy? 27:47 Goodbye and outro For video episodes, watch on www.youtube.com/@therudermanfamilyfoundation Stay in touch: X: @JayRuderman | @RudermanFdn LinkedIn: Jay Ruderman | Ruderman Family Foundation Instagram: All About Change Podcast | Ruderman Family Foundation To learn more about the podcast, visit https://allaboutchangepodcast.com/…

حدود یک سال پیش 39:24

MP3•خانه قسمت

Send us a text

This week, a journey through the bonkers world of financial markets, absurd cultural phenomena, and personal reflections from the splendid shores of St. Barts.

A Brief Memoir Moment

I share a childhood anecdote about an imaginary kangaroo in my parents’ wardrobe, a metaphor for life's absurdities and the early seeds of my contrarian mindset. From tales of youthful rebellion to the consequences of throwing stones at buses, I paint a vivid picture of life lessons learned the hard way and before the internet..

The Week in Markets

I dive into the paradox of December markets:

- Winners Ride High: Stocks like Nvidia continue their wild run, even as tech giants like Apple remain geopolitical pawns in the US-China game, the market cocks-a-snoop: Warren Who?

- The Madness of MicroStrategy: Michael Saylor's strategy of leveraging meme stock madness to buy Bitcoin? Genius or depravity? I call it capitalism at its most unhinged.

- Retail Phenomena: Ulta Beauty’s rise as the "crown jewel of vanity" and Estée Lauder's fall from grace become metaphors for the insecurity-driven consumer economy and a stock market seeking unattainable perfection.

Macro Musings

I connect the dots between today’s financial euphoria and the late 1920s:

- Foreign capital is flooding into US markets, fueling asset inflation and American exceptionalism.

- AI dominance, bolstered by the US tech ecosystem, is likened to the golden age of the 1920s.

- I critique the global disarray, from Europe’s leaderless states to China’s economic skids, and I hail America’s continued structural advantage.

Cultural Highlights

From Charles Aznavour’s La Bohème to Nekfeu’s Plume, I try weave some French musical genius into my narrative, underscoring the importance of art and reflection amidst financial madness.
Closing Thoughts

So keep tuning in for more acid insights, market musings, and the occasional existential riff.

Because, together, unified, we’ve got the power.

Hugh

⬇️ Subscribe on Patreon or Substack for full episodes ⬇️
https://www.patreon.com/HughHendry
https://hughhendry.substack.com
https://www.instagram.com/hughhendryofficial
https://blancbleustbarts.com
https://www.instagram.com/blancbleuofficial
⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts!
🧢 Hats & Merch
📸 Instagram
🐦 Twitter / X
📩 Substack
👂Listen and 🔥 Subscribe
📺 YouTube
🎧 ...

فصل ها

1. My Economic Gospel (00:00:00)

2. The Kangaroo in the Wardrobe (00:04:00)

3. Winners Ride High (00:09:12)

4. Beauty and the stock market beast (00:14:11)

5. Nekfue - French lyrical Genius (00:17:12)

6. Nihilism & Microstrategy (00:18:38)

7. Bitcoin Going to a $1million (00:21:43)

8. American Exceptionalism (00:23:14)

9. Joyously Sleepwalking to the Precipice? (00:28:00)

10. The Acid Breath (00:29:53)

144 قسمت

#Trading #Business #Hugh Hendry #Italy #Religion #Podcasting Education #Self-Improvement #Investment Advice

The ACID Capitalist Podcast

Acid Breath 5 - The Kangaroo in the Wardrobe

The ACID Capitalist Podcast

65 subscribers

published حدود یک سال پیش

اشتراک گذاری

MP3•خانه قسمت

Send us a text

This week, a journey through the bonkers world of financial markets, absurd cultural phenomena, and personal reflections from the splendid shores of St. Barts.

A Brief Memoir Moment

The Week in Markets

I dive into the paradox of December markets:

- Winners Ride High: Stocks like Nvidia continue their wild run, even as tech giants like Apple remain geopolitical pawns in the US-China game, the market cocks-a-snoop: Warren Who?

- The Madness of MicroStrategy: Michael Saylor's strategy of leveraging meme stock madness to buy Bitcoin? Genius or depravity? I call it capitalism at its most unhinged.

Macro Musings

I connect the dots between today’s financial euphoria and the late 1920s:

- Foreign capital is flooding into US markets, fueling asset inflation and American exceptionalism.

- AI dominance, bolstered by the US tech ecosystem, is likened to the golden age of the 1920s.

- I critique the global disarray, from Europe’s leaderless states to China’s economic skids, and I hail America’s continued structural advantage.

Cultural Highlights

So keep tuning in for more acid insights, market musings, and the occasional existential riff.

Because, together, unified, we’ve got the power.

Hugh

فصل ها

1. My Economic Gospel (00:00:00)

2. The Kangaroo in the Wardrobe (00:04:00)

3. Winners Ride High (00:09:12)

4. Beauty and the stock market beast (00:14:11)

5. Nekfue - French lyrical Genius (00:17:12)

6. Nihilism & Microstrategy (00:18:38)

7. Bitcoin Going to a $1million (00:21:43)

8. American Exceptionalism (00:23:14)

9. Joyously Sleepwalking to the Precipice? (00:28:00)

10. The Acid Breath (00:29:53)

144 قسمت

#Trading #Business #Hugh Hendry #Italy #Religion #Podcasting Education #Self-Improvement #Investment Advice

همه قسمت ها

The ACID Capitalist Podcast

1
The Curse of Knowing 1:03:20

۲ روز پیش1:03:20

1:03:20

Send us a text This show reflects on what it means to see the future too clearly and the cost of carrying that vision alone. A few weeks ago, America burned on the monitor behind me. Cameras rolled in Santa Monica. Steve Drobny, founder of Clocktower Group, advisor in global hedge funds, told me to sit straight, but I didn't care. We discussed the future and America’s possibly undead economy. The previous night, a girl at a Venice Beach bar asked where I’m from. “The future,” I replied. She was 30, blond, beautiful blue eyes, an image I haven’t shaken off. When you return from the future, you’re never whole. Details are too sharp, too strange. People blink. They don't want to hear it. That’s why I wear goggles. That's why they call me unhinged. Knowing what's next doesn't give control. It gives doubt. It exiles you from Main Street. I vibed on John Buchan’s The Gap in the Curtain . A country house, a strange German professor, a handful of guests glimpsing a year ahead. One sees a financial headline. Distant words that unravel everything. Once you've seen what's coming, you carry it like a tumor made of light. I drew a line from that story to Saint Peter in Gethsemane. His denial wasn’t betrayal; it was fear dressed as certainty. The same fear I see in markets, politics, people I’ve loved. We say "impossible" when scared. But the future doesn't knock. It slides in through the back door. Think of me as The Back Door Man. That's the curse, not that no one believes you, but that eventually, you stop believing yourself. Our conversation shifted between memories: Blanc Bleu, my house in St. Barts, Bitcoin, bond markets, old debates with giants like Niall Ferguson. Moments I stood and said what no one wanted to hear. Being early feels like being wrong until the chart catches up. The Curse of Knowing isn't about money, it's about myth. Trading safety for clarity. Leaving comfort to speak truths no one’s ready for. It's about friends reunited, because ultimately, the only constants are those you love(d). Hugh Support the show ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Dollar: From Beast to Burden, P.1 50:56

۵ weeks پیش50:56

50:56

Send us a text The fuse is already burning. This isn’t empire. This is captivity masquerading as privilege. For decades, the dollar system was sold as sovereign strength. But behind the curtain, it was scaffolding, a fragile architecture supporting global imbalances that no one dared to fix. China floods us with goods. We print the debt. They hoard the collateral. This isn’t trade. It’s a hostage exchange. America supplies the deficits; the world returns them as liabilities. The Fed isn’t king. The Fed is janitor. QE wasn’t stimulus. QE was retaliation. It crushed real rates, drained foreign rentiers, and exposed the parasitic model for what it was: tribute disguised as liquidity. The pegs were never anchors, they were fuses waiting for ignition. A conduit for sovereign retaliation.External price fixed. Target domestic prices. A massive property bubble. Chinese Metropolises flaring incandescently. China’s yuan weakens not to grow, but to survive. Devaluation at the bottom isn’t stimulus. It’s deflationary warfare. Japan faces its own reckoning. The yen’s collapse is no longer unthinkable. The credibility of their collateral is evaporating. The capital flow reverses. The bid on Treasuries vanishes. And so the Fed faces its final choice: defend equities or defend the sovereign bond. There will be no third option. Duration is destiny. The safe asset becomes the kill switch. This is no longer a functioning market. It’s a monetary knife fight. AI roars forward. Capital misallocates. Asset bubbles swell as wages stagnate. Consumption shrinks. Inflation morphs into impoverishment. We stand at the ledge: one step from euphoria, one step from collapse. A new 1990s or a new 1930s. The myths are dead. The structures brittle. The old rules obsolete. Exorbitant privilege? That era has closed. The dollar remains but not as a throne. As a contract. As a negotiation. As the final line holding the system together. The park opens in five minutes. Subscribe to Substack before the gates slam shut. 🖤⚔️💣 Support the show ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Acid Sex Tapes - Confessions of a Hedge Fund Manager 32:21

۸ weeks پیش32:21

32:21

Send us a text Wild bets, hot streaks, and a little market seduction. The acid capitalist is back, sunburnt and shirtless, broadcasting straight from St. Barts with sand in his toes and a dollar short in his hand. This is Confessions Part II, the origin story sharpened, scuffed, and refitted for today’s volatility junkies. If finance had a Tarantino cut, this is it. We rewind to the end of 2002. The Nasdaq’s wreckage still smoldering. The S&P up 9 percent. Me? Flat for the month, down 4.9 percent since launch. A hedge fund rookie trading like he’s strapped to a rocket and reading tea leaves in reverse. There were no parades. No consensus. Just my gut, and it was twitching. I placed my first real bet, short the dollar. The Dixie was at 110. Five years later, it would bleed to 70. Back then, they laughed. Now they squint at the same charts, claiming they saw it coming. They didn’t. But I did. Commodities stopped dying. Gold stopped bleeding. Something turned. And I felt it. This episode isn’t about P/E ratios. It’s about instinct. Rage. Faith. Hunger. It’s about building Eclectica not as a fund but as a fever dream. I didn’t chase storms. I waited for them. I didn’t knock. I picked the lock. That investor? That was me. We talk Amsterdam Commodities, no website, no pitch deck, no interest in seduction. It smelled of hash and history. It was cheap, opaque, and irresistible. And it hit. Like a ten-bagger. Like something better than sex. No, seriously, would you rather have a one-night stand or a tenfold return on your weirdest position? Oh, and then there’s Brazil. The one that ghosted me. The stock I dumped, live, while staring through the glass of their too-polished HQ. They didn’t show me respect. So I showed them the door. This is the cockpit view of macro. Of madness. Of the market as mythology. No suits. No soft landings. Just you, me, and a twitch in the eye of the storm. Press play. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Spice And The Ledger 1:06:44

11 weeks پیش1:06:44

1:06:44

Send us a text This week, I offer you a barefoot sermon from the battlefield of economic memory. A walk from Hamilton to Trump. From Ricardo to Argentina. From Abraham Lincoln’s top hat to the red-capped defiance of tariff diplomacy. A retelling of the American experiment through its most potent and most misunderstood weapon: the tariff. I argue here that Donald Trump, however clumsy and chaotic, reignited a long-dormant Hamiltonian flame. Like Lincoln before him, who used tariffs not only to industrialize the North but to bleed the profits from slavery’s Southern engine, Trump reached for tariffs not as isolation, but as revolt. The goal was disruption of the quiet exploitation that still oils the gears of the global economy. We begin with Hamilton. In 1791, he laid the blueprint for industrial sovereignty. While Britain imagined America as a spice colony, exporting raw goods and importing refinement, Hamilton saw something else. He saw factories. Foundries. Credit. Fire. His tariffs were not walls, but scaffolds. They wrapped the infant industries of the North in protection until they could stand on their own. Then came Ricardo, bond guru, master of the ledger. He preached comparative advantage, but assumed capital stayed still. That the factory would never chase the lowest wage. That trade was neutral. That power did not intervene. Hamilton saw the flaw long before it became scripture. Ricardo’s theory, elegant on paper, became a passport for colonial subjugation. Had America followed it, she might have become another Argentina. Rich in soil. Poor in ambition. Governed by landlords. Exporting the future in exchange for someone else’s present. Build the factory. Raze the plantation. Lincoln saw it in cotton. Trump saw it in Asian factories. In both cases, the profit was buried in the poison, and each man, in his own era and fashion, had the rare courage to call it by its name. To strike slavery and build a more enduring republic, Lincoln and maybe Trump, did not reach first for cannonballs or proclamations but rather they reached for the balance sheet. They understood that if you make the ledgers bleed, the system follows. That is their courage. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Solana Saved My Ass 22:34

12 weeks پیش22:34

22:34

Send us a text A beachside macro sermon on whale liquidations, a 5700 S&P play, and why Treasuries are the keystone to everything. Solana trades, SOFR action, and The Acid Capitalist’s call to be volatile, be violent, be legendary. Stay acid. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Shooting The Breeze 46:17

13 weeks پیش46:17

46:17

Send us a text Welcome back The breeze is talking again. The sea too, whispering something older than the market, more enduring than yield curves. This episode was recorded beneath Saharan skies on the island of St. Barts, during Acid Capitalist Summer Camp 2.0. But what is a camp if not a gathering of searchers. A pause in the trade winds to ask the old questions. I was met by a journalist. Young, wide-eyed, barefoot. She carried a pencil and the memory of a mixtape. She asked me to speak of fear, folly, volatility and love. I answered not with answers but with exhalation. We spoke of exile, of turtles, of the dull ache of markets remembered and misremembered. Just like Johnny Rotten sang, "This is Not a Love Song", in 1983, this is not an investment interview, more a moment. The market is a hallucination. It's also a mirror. I once managed billions. Today, I manage time. There's something here, in this place, that bends the arc of memory. You come to St. Barts to heal, or to vanish. Perhaps both. There is no grand thesis. Only a few half-remembered charts, a Rolling Stones lyric, and the suspicion that finance was never about spreadsheets but about stories. This episode is a love letter. To serendipity. To misfits. To the exquisite loneliness of being early. Draw close to the speaker. Tilt your face toward the trade winds. Pour something cold and forget, for a moment, the noise. The tape begins... Hugh Hendry The Acid Capitalist ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Last Scotsman on Wall Street 13:37

15 weeks پیش13:37

13:37

Send us a text Welcome back to paradise, where the rosé is chilled, the sun strokes the sea, and your third ear is tuned to the gospel according to Hugh. This week, I take you deep into the delirious heart of Wall Street circa 2006, an era of mutual fund gods, tax-deductible lap dances, and a man named Scotty who nearly exploded trying to mask the scent of strippers with gasoline. Yes, really. In a 15-minute acid-laced recital, I read a wild chapter from Derek Wallis’ Occupy a Job on Wall Street. It’s called Gasoline Stripper, but I’ve renamed it The Last Scotsman on Wall Street, a madcap tale of booze, bravado, and the slow incineration of financial decorum. I riff, I reminisce (shoutout to Dolcis shoes and the Edinburgh's Balmoral Hotel and wine lunches of yore), and I ask the only question that matters: Can you survive Wall Street if you're the kind of guy who thinks strawberry daiquiris excuse drunk driving? Spoiler: probably not. Pour yourself something cold, take a walk with me through midtown madness and fiscal fireballs, and if you're feeling bold, come to the Acid Capitalist Summer Camp 3.0 this August 17th in St. Barts. Come as a stranger. Leave as a legend. https://www.acidcapitalretreat.com And I'm delighted to announce that we were selected by FeedSpot as one of the Top 30 Hedge Fund Podcasts on the web. https://podcast.feedspot.com/hedge_fund_podcasts/?feedid=5211632&_src=f2_featured_email Find Derek Wallis' book here 👇 https://a.co/d/gKVySzC Hugh Hendry The Acid Capitalist ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
A Gonzo Dive into Wall Street's Wild Side: My Chat with Derek Wallis, Head of Equity Execution at Soros 36:28

16 weeks پیش36:28

36:28

Send us a text Good Fortune Makes the Man, and The Man Retains the Fortune and Multiplies It... Welcome back to another transmission from paradise, broadcasting from the heavenly shores of St. Barts. The Acid Capitalist, beamed straight into your ears, sun-kissed and untamed. This week, I open the vault—pulling an old gem from my private paywall, unchaining it from Patreon and Substack for the first time. And trust me, this one is electric. The year is 2000. The stage is Wall Street. And our protagonist? Derek Wallis, The Kiwi Proton Bomb. Fresh off the boat, wide-eyed, an eager foot soldier on the trade floor. But what happens when the greenhorn is tasked with telling Stan Druckenmiller , the man, the legend, that he’s just vaporized a billion dollars? Trial by fire? No—trial by inferno. And then there’s George Soros —the erratic, the enigmatic, the Palindromic Genius. The man who stalks markets like a predator, who sees the bubbles before they even take shape, who vanishes for months only to reappear, calling the desk four times an hour. The hurricane around which entire fortunes rise and fall. And Derek? Derek’s there. Watching. Learning. Surviving. Fast forward. 2005. The Acid Capitalist himself walks into Soros Fund Management —the room temperature drops, chairs scrape, portfolios tremble. Derek was there, they all were. And the chairman, in a moment of delirious clarity, utters the words: 'We’ve found the next George Soros.' Who was he talking about? Ah, that’s where things get interesting… But it gets wilder—trading desks, chaos, the kind of madness that makes a market. You want the full story? You want to know about the topless woman who brought down the Bloomberg terminals? You want to hear the truth about how the world’s greatest speculator saw bubbles, rode them, burst them? Then you’ll want to listen to this one. Stay sharp, Hugh Hendry, The Acid Capitalist P.S. If you’re asking 'What’s the score?' every hour of the trading day, you’re already lost. The markets whisper in static. But ask once a year, and if you’re good— exceptionally good —the mirror, mirror on the wall might just reveal your genius. https://a.co/d/gKVySzC ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
$WISE and Contrarianism 27:22

18 weeks پیش27:22

27:22

Send us a text In this episode of The Acid Capitalist , Hugh Hendry dives into the volatile world of FinTech, analyzing Wise and its market positioning compared to giants like PayPal. He shares insights from an encounter with a young, die-hard value investor, dissecting the risks of stock-picking in a sector riddled with landmines. Are FinTech disruptors truly innovative, or are they just banks in disguise riding the interest rate wave? Hugh breaks down the hidden risks of cash transfer companies, the role of interest income, and why pricing wars could push margins to zero. With PayPal’s stock crumbling and Wise at an all-time high, is this the next big breakout or a ticking time bomb? Join Hugh as he takes a contrarian look at the forces shaping FinTechs, from the battle for profitability to the long-term sustainability. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Breath 7 - The Quantum Insanity of Christmas 1:04:23

28 weeks پیش1:04:23

1:04:23

Send us a text Welcome to a Christmas like no other, where I wrestle with the absurdities of modern finance and the strange beauty of human existence. From the quiet shores of St. Bart's, and it’s a quiet one for sure, Christmas morning and i’m about to post this to you all. There’s a cool macro economic essay in there somewhere. I wanted to get something, anything out there for this holiday season; I hope you can forgive the heavy breathing… This is a meditation on what it means to live in a world where financial systems are warped mirrors of reality. Why does the U.S. economy continue to thrive against the odds? What does it mean when a stock doubles in a month, only to face existential doubt the next? Are we all, prisoners of a system that was never truly rational to begin with? I reflect on moments from my own career, like the time I wagered against the optimism of Nokia in 1999 or found myself apologizing to a Carphone Warehouse magnate, my words echoing through the Mayfair offices as traders placed bets on how many times I’d say “sorry.” But this episode is mostly about life. About finding meaning in the noise, about letting go of the need for answers, and embracing the simple act of questioning. So, as 2024 fades into memory, join me in this moment of quiet reflection. Let’s step away from the screens, the data, the endless rush to predict the unpredictable. Let’s sit with the questions, about markets, about ourselves, and see what they reveal. Because, as I sit here on a stunning Christmas day, staring at the endless blue of the Caribbean Sea, I'm reminded, that you and me, we don't have all the answers. But we've got really good questions. What happens when the Chinese stop buying US risk capital? Does the global stock market music stop? These are THE questions for today. But they're questions worth holding onto as we head into the new year. Answers that will reveal themselves when they're good and damned ready to reveal. So, Good luck, my brothers and sisters. The spirituality of curiosity. I leave it for you to decide. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Breath 6 - The Knickerless Karate Kick 42:44

29 weeks پیش42:44

42:44

Send us a text Welcome to another episode of the Acid Capitalist, coming to you from the sun-drenched shores of St. Barts in the French Caribbean. This week, we’re diving headfirst into market mayhem, absurd tales, and the kind of insights you can only find here. Palm trees. Santa Claus. Sleigh bells. An unlikely combination, yet somehow it works. St. Barts this time of year is pure energy: the priciest destination on the planet, unpredictable weather, and panicked yacht-dwellers caught in sudden downpours. It’s all a fitting metaphor for the markets, seemingly perfect, yet always poised for chaos. Tesla’s doubled since the election. Bitcoin keeps grabbing headlines, and stocks were closing the year with a stunning 27% gain. It’s a world where expectations are sky-high, but danger lurks. I dive into the question: are we at the peak, or is there more room to run? And could Bitcoin really hit a million bucks? If you’ve been here since 2013, you know I’ve been calling this move for years. An LA Tale: Karate Kicks and Markets Sometimes, the markets behave like an LA socialite: confident, demanding, and completely unpredictable. I share a personal story from a glamorous night in West Hollywood. Picture this: a spoiled child, an audacious woman in a mini skirt, and a thigh-high karate kick that stopped just short of my chest. The parallels to the markets are uncanny: strutting in confidence one moment, delivering a shocking blow the next. The Seduction of Now The biggest trap in investing? Being consumed by the present. I explore the seductive mistress that is “now” and why it blinds us to the future. Looking back at my own missteps during 2008, I reflect on the importance of stepping back and imagining where markets might be 18 months down the line. Because the present? It’s rarely the full story. A Tipping Point China is wrestling with deflation and the consequences of years of aggressive policies. Their stock index is stuck at levels from two decades ago, and the yuan teeters on the brink of devaluation. Could this be the tipping point for a global economic reset? I explore what a weaker yuan might mean for global consumption, tariffs, and U.S. consumers. Spoiler: it’s not a rosy picture. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Breath 5 - The Kangaroo in the Wardrobe 39:24

30 weeks پیش39:24

39:24

Send us a text This week, a journey through the bonkers world of financial markets, absurd cultural phenomena, and personal reflections from the splendid shores of St. Barts. A Brief Memoir Moment I share a childhood anecdote about an imaginary kangaroo in my parents’ wardrobe, a metaphor for life's absurdities and the early seeds of my contrarian mindset. From tales of youthful rebellion to the consequences of throwing stones at buses, I paint a vivid picture of life lessons learned the hard way and before the internet.. The Week in Markets I dive into the paradox of December markets: - Winners Ride High: Stocks like Nvidia continue their wild run, even as tech giants like Apple remain geopolitical pawns in the US-China game, the market cocks-a-snoop: Warren Who? - The Madness of MicroStrategy: Michael Saylor's strategy of leveraging meme stock madness to buy Bitcoin? Genius or depravity? I call it capitalism at its most unhinged. - Retail Phenomena: Ulta Beauty’s rise as the "crown jewel of vanity" and Estée Lauder's fall from grace become metaphors for the insecurity-driven consumer economy and a stock market seeking unattainable perfection. Macro Musings I connect the dots between today’s financial euphoria and the late 1920s: - Foreign capital is flooding into US markets, fueling asset inflation and American exceptionalism. - AI dominance, bolstered by the US tech ecosystem, is likened to the golden age of the 1920s. - I critique the global disarray, from Europe’s leaderless states to China’s economic skids, and I hail America’s continued structural advantage. Cultural Highlights From Charles Aznavour’s La Bohème to Nekfeu’s Plume, I try weave some French musical genius into my narrative, underscoring the importance of art and reflection amidst financial madness. Closing Thoughts So keep tuning in for more acid insights, market musings, and the occasional existential riff. Because, together, unified, we’ve got the power. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Breath 4 - The Gateless Gate and Acid Capitalism 41:06

31 weeks پیش41:06

41:06

Send us a text A Life in Rebellion You should listen to the Acid Capitalist Podcast. It's my raw and revealing true story. It's about rebellion. The quiet, existential battle against the grey, the dull, soul-crushing monotony that sneaks into the cracks of life. This isn’t just my story, it’s the story of the markets, a cosmic dance between chaos and order, failure and transcendence. The Rebel’s Genesis I grew up in Glasgow, a city painted in every shade of grey. Not just the skies -though they did their part - but a deeper, existential grey. It seeps into your bones, wraps around your dreams like damp wool, and whispers, "This is all there is." But the thing about despair is that, at its nadir, it can break you or awaken you. For me, it cracked open a door, and in walked Mr. Rebel, my lifelong companion. Markets as Rebellion Markets are alive, messy, and paradoxical. You're maybe subscribing to investment trading videos. They're a con peddled by folks who've never managed money professionally. They’re shills. Markets are not built on fundamentals or formulas but on sentiment, much like the neurotransmitters in your brain. The yin and yang of your nervous system, that mirrors the speculative highs and lows of trading. To navigate them is to ride the wave of human emotion, teetering on the edge of reason. You need to hear my story. The Void and the Dopamine Trap My rebellion wasn’t about making money, though I did plenty of that. It was about proving to the grey world that I’d escaped. Like a Zen koan, the markets posed unanswerable questions: What is the sound of one hand clapping? Why do bubbles burst? What’s next? I chased answers, built houses with swimming pools and tennis courts, and even tried to buy happiness on a tropical island. But the grey always seeped back in. It took me years to realize that heaven isn’t a place on Earth. It’s a state of mind, a rebellion against the self. Zen and the Art of Acid Capitalism In Zen, they speak of the gateless gate, the barriers we construct in our minds that don’t truly exist. The markets are full of these gates: self-imposed limitations, conventional wisdom, and the fear of uncertainty. To pass through them, you need to embrace paradox, chaos, and, yes, a little bit of ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Breath 3 - The Squirt and the Folly of MSTR 25:43

32 weeks پیش25:43

25:43

Send us a text I was born in Glasgow, a city carved by raw grit and humor, think of Sir Alex Ferguson and Billy Connolly. Not far from there, I began my career in Edinburgh , a mere fifty miles geographically, but an infinite leap in atmosphere. Imagine stepping into an aristocratic investment house, its rooms brimming with the ghosts of ambition and refinement. Suddenly finding yourself in the domain of tall men in their dead fathers' ill-fitting trousers . Aristocrats in suits hemmed just above their ankles, like ghosts of a forgotten mod era. My first posting? The Japanese department, September 1990, nine months after the Nikkei’s spectacular peak at 40,000. I was young, unseasoned, but one thing I knew for sure: Japanese stocks were d-e-f-i-n-i-t-e-l-y not going back up anytime soon. Check the audio tape… This week's show isn't about stock indices or investment attire. No, it’s about a curious creature, the tunicate . You see, the tunicate begins its life as a free-swimming entity, darting about the ocean with purpose and curiosity. It seeks, it explores, its a happy soul. And then, it finds its chosen spot, burrows its head into the seafloor, and, get this, it eats its own brain. Why? Because it no longer needs it. The tunicate’s life becomes rooted, passive, and fixed, content to filter nutrients from the passing current. A lobotomized existence, blissfully detached from the need for thought or movement. It got me thinking. Is this not the state of many investors today? Consider the lobotomized meme stockholder, basking in the unthinking glow of rising markets. They’ve eaten their metaphorical brains, trading curiosity and action for the comfort of passive returns. They’re Holding On for Dear Life , foolish squirts I call them. Music or no music? You tell me. And are you getting the giggles when I get all meditative... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Breath 2 - The Macro Blues - No Music 28:42

33 weeks پیش28:42

28:42

Send us a text Macro Meditation #2 Wow. Did you enjoy the Complexity episode? I went full zen on you. Deep breathing, tapping into the god-like forces within. Sounds crazy, right? Except it’s not. You are the god . The universe doesn’t revolve around some external queen bee or king. Nope, it’s you. But modern society? It’s been locking that realization away for centuries, creating gatekeepers, the constant buzz of traffic on the mental highway that runs through your mind. The incessant voices that keep you hustling, second-guessing, never questioning the system. That’s why I lean into serendipity and synchronicity. I’ve found creative rebirth through breathing, through breaking on through to the other side. It’s about reconnecting to the magic kingdom within. Forget the false gods of Wall Street, religion or the carnival of politics. I don’t care who won the election, both sides are just the hapless lions in The Wizard of Oz, prowling around, but without the courage to challenge the status quo. Speaking of which, let’s talk markets. Did you know the S&P has gone up nearly 60-fold since 1980? Fortunes have been made by the money changers, the witches of the east, Wall Street Barrons. Asset prices have soared on the back of globally suppressed labour costs and perpetually low rates. But for the average Joe? Stagnation. Real wages flatlined decades ago, communities frayed. And yet, we cheer every tick higher on the stock index, oblivious to the cost. I want you to be courageous my curious mind warriors. To have the kind of courage that questions, that disrupts. The kind of courage you find when you strip away the noise, quiet the mind, and breathe deeply. So, as I close out this meditation, let me remind you: it’s okay to be a little crazy. Embrace the complexity. Be curious. Be bold. And most importantly, keep being acid capitalists. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Breath 2 - The Macro Blues 29:41

33 weeks پیش29:41

29:41

Send us a text Macro Meditation #2 Wow. Did you enjoy the Complexity episode? I went full zen on you. Deep breathing, tapping into the god-like forces within. Sounds crazy, right? Except it’s not. You are the god. The universe doesn’t revolve around some external queen bee or king. Nope, it’s you. But modern society? It’s been locking that realization away for centuries, creating gatekeepers, the constant buzz of traffic on the mental highway that runs through your mind. The incessant voices that keep you hustling, second-guessing, never questioning the system. That’s why I lean into serendipity and synchronicity. I’ve found creative rebirth through breathing, through breaking on through to the other side. It’s about reconnecting to the magic kingdom within. Forget the false gods of Wall Street, religion or the carnival of politics. I don’t care who won the election, both sides are just the hapless lions in The Wizard of Oz, prowling around, but without the courage to challenge the status quo. Speaking of which, let’s talk markets. Did you know the S&P has gone up nearly 60-fold since 1980? Fortunes have been made by the money changers, the witches of the east, Wall Street Barrons. Asset prices have soared on the back of globally suppressed labour costs and perpetually low rates. But for the average Joe? Stagnation. Real wages flatlined decades ago, communities frayed. And yet, we cheer every tick higher on the stock index, oblivious to the cost. I want you to be courageous my curious mind warriors. To have the kind of courage that questions, that disrupts. The kind of courage you find when you strip away the noise, quiet the mind, and breathe deeply. So, as I close out this meditation, let me remind you: it’s okay to be a little crazy. Embrace the complexity. Be curious. Be bold. And most importantly, keep being acid capitalists. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Breath 1 - Complexity 20:56

33 weeks پیش20:56

20:56

Send us a text Why Acid Meditation Matters for Investors: Embracing Complexity and the Chaos Within Dear friends I’m launching a meditation series that, I admit, may seem far afield from my usual punk-macroeconomic analysis. But this is no gimmick. It’s an exploration of how mastering the inner world of your mind can make you a better investor and a more resilient human being. Why It’s Worth Your Attention You might be asking, “Why should I, a seasoned or aspiring investor, care about meditation?” Here’s the brutal truth: Most investors lose money not because of bad strategies, but because they can’t manage their own emotions. Fear and greed are more dangerous than any market downturn. Acid Meditation is my answer to that problem. It’s about developing the mental architecture to withstand volatility, to spot and accept serendipity, and to harness the power of the unknown. I’ve taken risks all my life. I know what it feels like to be on the edge, both financially and existentially. This meditation series is a distillation of that experience: a guide for how I’ve sought to understand not just the market but the deeper truths that govern my existence. So, if you’re ready to challenge yourself, to engage with complexity rather than flee from it, and to elevate your thinking in a world that demands constant adaptation, then join me. Acid Meditation isn’t just for seekers of peace; it’s for warriors of the mind, those who dare to think differently and profit from it. Let’s explore the edge together. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Just who is Keyser Söze? The tragic end of Mike Lynch 9:56

46 weeks پیش9:56

9:56

Send us a text Mike Lynch, a man who faced down the giant of US Justice, out maneuvered the legal behemoths, took on the law and emerged victorious—only to be taken by the cold, capricious hand of Mother Nature. Imagine it: overcoming insurmountable odds, the weight of the world against you, and yet, you rise. Then, in a cruel twist, you're snuffed out by the very seas that should’ve carried you home on a joyous victory lap of vindication. And the loss of his number two, also acquitted by the US courts, on the very same day? That smacks of something truly out of whack—a malevolent force, a Keyser Söze-like figure, flexing its vindictive contempt. The unruly seas didn’t just take six lives; they dragged HP's corporate secrets to the seabed, locked away in the depths, perhaps forever. Was it mere misfortune, or was there something more sinister at play? Watch this video, and together we’ll explore what might just be the greatest unfinished story of the 21st century. The seas may have claimed their due, but the truth is still out there, waiting to surface. R.I.P. Mike Lynch. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Macro Markets Unleashed: Hugh Hendry, Brent Johnson, and Tracy Shuchart in Conversation 1:05:26

1 year پیش1:05:26

1:05:26

Send us a text Step into the dim glow of our dive bar of financial musings in the humid, Caribbean night air, where the ACID Capitalist, Hugh Hendry, the sardonic Brent Johnson (@SantiagoAuFund), and the ever-perceptive Tracy Shuchart (@chigrl) huddle over a table of half-empty glasses and half-baked theories. This is a raw, unfiltered exploration into the underbelly of macroeconomics. We wander through the shadowy corridors of USD fluctuations, peer into the abyss of interest rate procrastinations, and mull over the geopolitical chess moves of giants like the US, Japan, and China. The conversation flows like a blues riff, touching on the gritty realities of commodities and financial trends. Expect contrarian views and insights that cut through the noise, all served with a side of existential reflection. This is more than a podcast; it’s a night at the bar with the sharpest minds in finance, pondering the chaos and beauty of the global market. Grab a drink, pull up a chair, and join us for a conversation that’s as unpredictable as it is enlightening. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The ACID Capitalist Unplugged: Subscriber Q&A 6:21

1 year پیش6:21

6:21

Send us a text Some folks possess the philosophers stone. Me? I just have this fabulous oversized sofa at Maison Blanc Bleu, and as this glorious weekend unfolds, I'm rolling out my life creed. Journeys morph and twist. I embarked on an epic voyage from a haunting housing project to a chouette Caribbean island. Sacrifices were made, asses were kissed, and I, a prodigious child of circumstance, sucked the ring from every hand. But that chapter has concluded. I've arrived. And now, it's time to kick back and embrace The Fool's Journey—the card without a number, the path that few dare tread. I'm ready to embrace it, to open my arms wide to the chaos of existence. For years, I was a closed, focused vessel, unable to receive the love that so many offered. But now, the pipes are unclogged, the channels are clear, and I'm finally ready to let it all in. So forgive me if it seems like a train wreck from the outside, but let me declare it loud and clear: I'm having the time of my damn life. How many of us can honestly say that? But baby, just don’t be sick on my sofa… ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Stoned Investor Sees All 30:38

1 year پیش30:38

30:38

Send us a text Strap in for a wild ride through the cannabis revolution with Peter Barsoom, the mastermind behind 1906 , where ancient botanicals meet modern science in a dazzling maze of Dadaist innovation. In this episode, Peter takes us behind the scenes of crafting cannabis products that aren't just about getting high—they're about elevating your well-being. From the gritty details of pioneering the industry's first fast-acting edibles to redefining everyday wellness, Peter shares how his Wall Street savvy catapulted 1906 into the spotlight of the green rush. Tune in as The ACID Capitalist lights up on some yellow GENIUS pills and gains perspective on the burgeoning world of bespoke cannabis with insights only a veteran like Peter could offer. It's not just a podcast; it's a gateway to the new age of enlightened Investment Dadaism. And there’s more…The ACID Capitalist and 1906 are collaborating and offering a $5 discount off any tin purchased with the code ACIDCAPITALIST. We’re not just rejecting traditional investment conventions, we’re gone challenge the established norms of risk markets. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Fools Gold: The ACID Capitalist Reveals How to Trade Gold 32:29

1 year پیش32:29

32:29

Send us a text Welcome to a journey into the gold markets on today’s podcast, where I, alongside a valued member from the John Galt community, dive deep into the glittering realms of gold trading. For the next 50 minutes, we’re going to tackle some burning questions, slicing through the noise with sharp insights and fearless forecasts. Whether you're a battle-hardened trader or a curious onlooker ready to dip your toes into the gold rush, strap in. We're set to explore everything from market dynamics to cunning trading strategies, ensuring you walk away with a treasure trove of knowledge. Let the gold games begin! And dear John Galts, line-up, let’s do more… ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Les Étoiles Vagabondes 31:31

1 year پیش31:31

31:31

Send us a text Step off Wall Street's grimy sidewalks and plunge into the wilderness with the ACID Capitalist as your guide on another mind-bending journey. We've connected with Tom Morgan, a standout from this year's Ira Sohn conference and a fellow traveler lost in the financial wilds. Tom tells me that it's fantastic being telepathic, that he’s read my mind, that things are really drastic… With Tom as our wandering star, we explore the possibilities of finance's future, navigating the abstract without seeking anything specific. We're the shamans of finance, venturing into risk, creativity, and the art of foresight, our vision blurred by last night's tequila. We share stories of profound revelations and the rare, gonzo path less traveled, challenging the monotony of corporate life. This journey is not just another finance podcast; it's an exploration of curiosity's core. We delve into the brain's right hemisphere, we’re out there on the perpendicular, not searching for anything in particular, maybe seeking life's meaning, syncing with Jung's synchronicity, and pondering the ego's demise. Is our spiritual quest merely a competitive climb, an infinite loop ? Here's the paradox: As AI challenges the left hemisphere's relevance, might the shamans, the daring outsiders, become finance's new deities ? Dare to listen and let your mind wander the fringes of finance's future. Also, be sure to watch Tom's 5 minutes of wisdom: https://x.com/tomowenmorgan/status/1775957154521821593 ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Path to Serfdom 41:00

1 year پیش41:00

41:00

Send us a text Dive into the vaults with the ACID Capitalist, as I resurrect a mentoring session from July '23, "The Path to Serfdom". The young Padawan and I dissect the how and why of the financial depression gripping the majority, questioning the orthodoxies that pin us down in a world seemingly designed by and for the elite. This isn't a chat; it's a rebel yell, seeking to redefine what we accept as economic 'normalcy'. Gear up for a discursive journey through the financial wilderness, where no question is too sacred, no theory too outlandish. We don’t like slavery, we won’t beg but with a rebel yell, we’ll take more, more, more. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Therapy - Episode 3 16:49

1 year پیش16:49

16:49

Send us a text Welcome back, my enlightened audience, to another episode of Acid Therapy, where yours truly, The Acid Capitalist, delves once more into the mental maelstrom with Denise Shull's guidance. This episode serves as a serenade to the chaos of existence, exploring a myriad of topics from the rollercoaster of my personal life to the philosophical musings that keep the midnight oil burning. Denise skillfully prods and pokes at the fabric of my psyche, unraveling threads of my past, my dance with financial peril, and my unwavering quest to find meaning in the madness. From the stress of nearing completion on a villa project to childhood recollections shaping my adult anxieties, each moment leads us closer to unraveling the enigma of The Acid Capitalist. So, brace for impact; this one cuts deep. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Therapy - Episode 2 31:39

1 year پیش31:39

31:39

Send us a text Ladies and gentlemen, daredevils of the financial markets, connoisseurs of the unconventional, welcome back to what I've cheekily dubbed "Acid Therapy" with the indomitable Denise Shull . If you thought our first Tango-in-Paris was a trip down the rabbit hole, brace yourselves for a sequel that delves deeper into the psyche of trading, investing, and the emotional rollercoaster that accompanies the pursuit of pecuniary success. In this episode, we peel back the layers of the market's psyche with Denise; tackle the taboo, the unspoken truth that emotion is not just a part of decision-making; it is the cornerstone. Forget the mantra of the suits, that its cold, calculated logic. Nah, that's subterfuge, throwing you off the money trail. I'm here to tell you that to navigate the tumultuous seas of the market, you need to embrace the storm within. Denise challenges the notion that emotion and reason are at odds. Instead, she proposes that they are the yin and yang of successful trading. We explore the idea that your gut feeling isn't just old pizza acting up – it's your brain's way of pattern recognition, an unconscious intuition honed by experience and expertise. We dive into the controversial, discuss how the very emotions we're told to suppress could be the compass guiding us through the market's treacherous terrain. We also confront the uncomfortable, admitting that sometimes, despite our best analysis and emotional intuition, the market can still blindside us. It's a humbling reminder that we're playing a game with no guarantees, only educated gambles. It's absolutely orgasmic. And for those of you who are as intrigued by these conversations as I am, I invite you to join the Acid Capitalist Tribe on Patreon. There, you'll get the full-length versions of all my podcasts, including this eye-opening dialogue with Denise, and other exclusive content that's too hot for the mainstream. Dive into the deep end with us, subscribe to me on Patreon to listen to the full episode. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Therapy - Episode 1 31:17

1 year پیش31:17

31:17

Send us a text Switching it up with a throwback from the archives. About a year ago, I had a series of 3 interviews with Denise Shull. She's a certified pro, cut from the same cloth as Wendy from Billions – you know, that HBO show about Bobby Axelrod, the hedge fund big shot. Denise even took a swing at the show's creators, claiming they owed her royalties for using her likeness in Wendy's character. She lost that one. Tough cookie, but sharp as hell. I hesitated about putting this out. It's not your usual investment talk, but maybe it's got something to say about our crazy world. Beyond that, it gets real personal. Last year was a deep dive into hurt for me, going through a separation with my life partner. Yeah, I'm the guy who married his first date. Who does that, right? Anyway, I've had time to think, and one thing missing from public life is laying it all out there. I felt the sharp pain that the chaos life sometimes throws at us. Figured maybe it's better out in the open. Most times, I'm cruising around playing the king-of-St-Barts, but reality is a whole lot more complex. To understand me better, I wanted to share. 'Cause we're all on this journey, and you've got to believe that open talks and exchanges are what helps us along the way. Anyway, enough rambling. Here's the first episode, just for you. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Is Softbank Crazy Bust? 52:37

1 year پیش52:37

52:37

Send us a text In this week's episode Nick Searle the from ADP podcast interviews Hugh Hendry. Nick and Hugh talk through Hugh’s thoughts on the outlook for 2024 and go on a macro Acid Capitalist trip along the way. They discuss when will the Fed cut interest rates, the 1970s and Hugh's white paper on the parallels between the monetary landscape and the Chernobyl nuclear disaster, suggesting that attempts by central banks to control economic temperature may lead to unintended consequences. They also cover Hugh’s view of Japan, Greyscale, Bitcoin and the price of Gold. Hugh also discusses arguing with his 'AI version of himself'. Nick's book suggestion is The Creative Act by Rick Rubin ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Is The 40 Year Bond Bull Market OVER? Jeffrey Gundlach & The Acid Capitalist Discuss. 13:04

۲ years پیش13:04

13:04

Send us a text Here is a sneak peak from my 38 minute full video that I dorpped on my Patreon last week. To get exclusive access to all of my content as soon as it´s released, sign up today and I´ll see you in there. THIS IS NOT INVESTMENT ADVICE!! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
What Do I Think Of Bitcoin? 12:11

۲ years پیش12:11

12:11

Send us a text Here is a behind the scenes interview I gave at the Bitcoin conference in Amsterdam with Isabella from Bitcoin Magazine. I've dropped a couple of short videos from this interview, but here you can enjoy the full audio. In this interview we discuss why I don't believe Bitcoin is going to fix every issue the current system has, as well as so much more. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Trading The End of the Cycle And Generating Equity Risk Premium. 18:30

۲ years پیش18:30

18:30

Send us a text This video was originally released on my Patreon. To get exclusive access to all of my content as soon as it´s released, sign up today and I´ll see you in there. ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ https://www.patreon.com/HughHendry I randomly managed to watch a recent interview on Bloomberg with a talking head from Invesco. I found it priceless. The nonsense that's spoken by the biggest investors. Words, endless words, jargon A science of profanities. But hat tip to the Bloomberg anchor, Tom Keane, for asking the most pertinent question, "Aren't you just making this up as you go along ?" A lot of the interview discusses investment strategy at the fabled end of the cycle. What cycle you might ask. The rates cycle ? The Fed seems to have indicated that hikes are ending. Will the US economic cycle end ? It continues to surprise on the upside but surely its days are numbered ? There's a discussion about the equity risk premium. A means of considering the relative attraction of stocks versus bonds. Everyone is against the Treasury market currently. But the equity risk premium is urging caution on equities. We discuss. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The World´s #1 Bond Trader Reveals His Next Money Making Trade. Exclusive Interview With Bob Treue 29:05

۲ years پیش29:05

29:05

Send us a text Watch the entire conversation at https://www.patreon.com/HughHendry **THIS IS NOT INVESTMENT ADVICE!!** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Capitalist Summer Camp Roundtable with Brent Johnson, George Gammon, Hugh Hendry & Jeff Snider 38:46

۲ years پیش38:46

38:46

Send us a text Brent, George, Hugh and Jeff sit down to discuss FX and the Japanese Yen and Chinese Yuan devaluation, monetary policy, Fed actions and the yield curve. Watch the entire conversation at https://www.patreon.com/HughHendry **THIS IS NOT INVESTMENT ADVICE!!** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Macro Musings with Jim Bianco (preview) 27:46

۲ years پیش27:46

27:46

Send us a text Listen to the entire conversation at https://www.patreon.com/HughHendry ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Approaching Macro Shock Wave with Skanda Amarnath (public preview) 32:26

۲ years پیش32:26

32:26

Send us a text The Approaching Macro Shock Wave with Skanda Amarnath (public preview) ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Inflation Collision Course with Bob Elliot (Preview) 29:40

۲ years پیش29:40

29:40

Send us a text Inflation Collision Course with Bob Elliot (Preview) ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Acid Capitalist meets Real Vision Mashup with Andreas Steno (Preview) 19:40

۲ years پیش19:40

19:40

Send us a text Acid Capitalist meets Real Vision Mashup with Andreas Steno Listen to the entire conversation at https://www.patreon.com/HughHendry ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Macro Jiving: Inflation? Sticky or Slip, Sliding Away with Tom Roderick 28:04

۲ years پیش28:04

28:04

Send us a text Listen to the entire conversation at https://patreon.com/HughHendry ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
PREVIEW: Anarchists at the Fed with Steve Hanke 30:46

۲ years پیش30:46

30:46

Send us a text PREVIEW: Anarchists at the Fed with Steve Hanke ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Preview: Venturing Across the Abyss: The Bridge of Hope w/ George Magnus 28:08

۲ years پیش28:08

28:08

Send us a text Venturing Across the Abyss: The Bridge of Hope w/ George Magnus ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Preview: PART II The Future of Money with AllinCrypto 25:43

۲ years پیش25:43

25:43

Send us a text To hear the entire conversation sign up at https://www.patreon.com/HughHendry ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
UNLOCKED: The Future of Money with AllinCrypto 57:46

۲ years پیش57:46

57:46

Send us a text UNLOCKED: The Future of Money with AllinCrypto ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
UNLOCKED: A LIVE recording of a Different Perspective with host Nick Searle, Hugh Hendry and Barry Norris 1:18:39

۲ years پیش1:18:39

1:18:39

Send us a text A LIVE recording of a Different Perspective with host Nick Searle, Hugh Hendry and Barry Norris Listen to last week’s live recording of A Different Perspective podcast, featuring host Nick Searle with guests, macro trading legends Hugh Hendry and Barry Norris. This episode was recorded in front of a live audience at St Ethelburga’s in the City of London on 21st June. Nick, Hugh and Barry discussed the rate rise dilemma faced by the FED and Bank of England and what needs to break, are we over peak ESG and what is the future for active fund management. Hugh Hendry is a hedge fund manager and podcast host. Hugh was previously at Baillie Gifford and Odey Asset Management, and his Eclectica macro hedge fund was famously up 50% in 2003 and up 50% in the month of October in 2008, earning him a reputation as a contrarian investor. Barry Norris is the Founder of Argonaut Capital, an equity fund management company based in London. Barry is the Fund Manager of the Argonaut Absolute Return Fund, a leading equity long/short fund, managed using contrarian top-down macro views and a bottom-up “earnings surprise” stock-picking process. He also writes the widely followed “Argonautica” blog and creates Argonaut’s distinct “Stockumentary” videos. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Preview: The Repo Man Cometh... With Scott Skyrm 24:38

۲ years پیش24:38

24:38

Send us a text To hear the entire conversation sign up at https://www.patreon.com/HughHendry **THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
PREVIEW: Convexity: The Dredge Dialogue 27:47

۲ years پیش27:47

27:47

The ACID Capitalist Podcast

1
PREVIEW: A 1-in-20 Chance of Armageddon w/ Matthew Pines 29:30

۲ years پیش29:30

29:30

The ACID Capitalist Podcast

1
PREVIEW: Squeezed! The Wild, Untold Stories of Short-Selling w/ Marc Cohodes 27:01

۲ years پیش27:01

27:01

The ACID Capitalist Podcast

1
Preview: Hugh Answers & Josh Asks 28:28

۲ years پیش28:28

28:28

The ACID Capitalist Podcast

1
Preview: The End of History with Mike Green 16:57

۲ years پیش16:57

16:57

The ACID Capitalist Podcast

۲ years پیش11:33

11:33

The ACID Capitalist Podcast

1
The Mother of All Bull Markets in Treasuries with Alex Gurevich 59:42

۲ years پیش59:42

59:42

Send us a text The Mother of All Bull Markets in Treasuries with Alex Gurevich ***THIS IS NOT INVESTMENT ADVICE!!*** 00:00:00 - Intro 00:01:25 - What Alex is all about… 00:03:33 - Inside the mind 00:09:40 - Permanent Portfolio 00:18:11 - Architects of capital 00:23:42 - The journey 00:28:00 - WTF 00:32:01 - We’re trending 00:40:12 - Bonding 00:43:49 - Pull your hair out 00:48:22 - Oil 00:52:10 - Golden future 56:58:00 - Squatters paradise ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
S&P to 5,000?! with guest George M. Robertson 1:31:44

۲ years پیش1:31:44

1:31:44

Send us a text S&P to 5,000?! Will markets hit 5,000 or is Zed Dead, baby? Find out on this week’s episode with guest George M. Robertson. ***THIS IS NOT INVESTMENT ADVICE!!*** 00:00:00 - Titillation of the mind 00:08:24 - Danger zone 00:11:20 - Split it open 00:19:40 - Naturally 00:35:09 - Money, money, money 00:41:00 - Fed Chair Interview 00:44:15 - Is Zed Dead? 00:47:01 - MMT 00:52:20 - Running in place? 01:00:00 - Rustic Idea 01:11:00 - Euro$$$ 01:18:22 - Always and everywhere 01:26:00 - Running with the pack ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
How to Make $1 Million Shorting Tesla 1:34:24

۲ years پیش1:34:24

1:34:24

Send us a text Mark B. Spiegel @StanphylCap joins the Acid Capitalist for the conversation you’ve all been waiting for...DO NOT TRY THIS AT HOME! THIS IS NOT INVESTMENT ADVICE!! 00:00:00 - Intro 00:02:41 - Ambivalence 00:07:00 - the edge? 00:10:30 - Tesla tales 00:13:22 - Fundamentally flawed? 00:25:10 - Narrative v Reality 00:30:33 - The Bull Case 00:33:54 - The trend is your friend 00:39:53 - Chart Madness 00:46:51 - Long value 00:57:62 - Seeing tomorrow 01:00:00 - Gold, gold you’re making me old 01:09:00 - About Mark @StanphylCap 01:10:00 - Lessons 01:14:00 - DO NOT TRY THIS AT HOME 01:22:32 - Risk v Reward 01:26:00 - Portfolio ideas 01:29:12 - Cut your head off! 01:32:00 - Be humble and flexible THIS IS NOT INVESTMENT ADVICE!! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Balenciaga, H&M, and the Triangle of Sadness with Keith McCullough 1:08:50

۲ years پیش1:08:50

1:08:50

Send us a text Worlds collide as Hedgeye Nation meets the tribe of Acid Capitalism. 00:00:00 - Naked with Miss Universe 00:02:10 - Zoolander meets Soros 00:09:10 - TLTing @ windmills 00:11:07 - Goldeneye 00:13:30 - FED operation break shit 00:19:48 - I’m with stupid 00:26:30 - Anything but routine 00:38:00 - You’re fired! 00:46:00 - Risky business 00:51:02 - Turning Japanese 00:55:00 - Raccoons & Rubbish ***FOR ENTERTAINMENT PURPOSES ONLY*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Hugh Hendry's Christmas Carol with Tom Roderick 1:31:18

۳ years پیش1:31:18

1:31:18

Send us a text Hugh Hendry's Christmas special is the gift that keeps on giving! Get ready for a festive feast of financial insights and festive cheer as Sir Tom Roderick makes his triumphant return. 00:00:00 - Looking good Billy Ray! 00:01:15 - Sir Tom 00:03:45 - Are we going to be OK? 00:11:15 - Big supposition 00:19:12 - A new year beckons 00:36:10 - I DEMAND 00:42:00 - Frisky Futures 00:50:11 - Collateral Damage 00:56:54 - Getting Real 01:00:00 - Crypto Collateral 01:06:00 - Screaming danger 01:09:00 - Charting Course ***FOR ENTERTAINMENT PURPOSES ONLY*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Life in the Fast Lane with Martin Armstrong 1:14:00

۳ years پیش1:14:00

1:14:00

Send us a text Sit down, have a glass of wine and listen to Hugh Hendry and the colourful Martin Armstrong get perpendicular and discuss the here and now... 00:00:00 - Life in the fast lane 00:01:30 - The Dismal Science 00:06:20 - NO-ONE WANTS TO TALK MONEY 00:20:40 - Let’s play a game 00:35:20 - Thatcher & Trump 00:44:00 - Tell me what to do Marty 01:04:00 - The OG ***FOR ENTERTAINMENT PURPOSES ONLY*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Collapse of Three Arrows Capital: Part II (THE CRASH) 46:48

۳ years پیش46:48

46:48

Send us a text The epic conclusion of our two part journey behind the scenes with Kylie Davies and Three Arrows Capital...THE CRASH! *** FOR ENTERTAINMENT PURPOSES ONLY*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Collapse of Three Arrows Capital: Part I with Kyle Davies 1:02:51

۳ years پیش1:02:51

1:02:51

Send us a text The Collapse of Three Arrows Capital: Part I with Kyle Davies This week we have a fallen angel or maybe that should be a broken arrow? Kyle Davies will forever be associated with flying too high and crashing to zero in the crypto catastrophe of 2022. He wanted it all and he wanted more. This is the story of yet another credit bubble that elevated Mice and eviscerated Men until lenders simply begged you to take their money. And Kyle was the whale. He had the audacity to pass himself off as a hedge fund. He levered up to 4 yards. He was the recipient of all that newly minted credit and boy he sprayed money everywhere Hell crypto was going to the moon This is a story of audacity and breathtaking incompetence when you break money you break mens minds Many will judge the man, I just think it’s a fascinating story of myth and mischief, so pull up a chair and tune in... ***THIS IS NOT INVESTMENT ADVICE!!*** 00:00:00 - Dead Bodies 00:01:00 - Origin Story 00:11:27 - No down months 00:14:00 - VAR? 00:18:30 - "Trading should be easy" 00:23:17 - ICO Craze 00:30:10 - Lindy Man Long 00:32:00 - Razor Sharp 00:35:38 - The COVID Dump 00:37:14 - All in? 00:40:00 - Grayscale 00:46:15 - The smart thing to do 00:49:20 - A challange 00:53:00 - Leverage 01:00:00 - To be continued... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Escape Velocity with Lacy Hunt 1:18:17

۳ years پیش1:18:17

1:18:17

Send us a text Hugh sits down with living legend, Lacy Hunt, PhD - Executive Vice President of Hoisington Investment Management. Will they achieve escape velocity? 00:00:00 - LEGENDS 00:02:02 - What is money? 00:08:15 - Velocity 00:23:23 - ODL 00:30:16 - 100 years of out of date 00:47:00 - Policy failures and Euro$ 00:56:46 - End this depression! 01:00:00 - Bonds and Buddhism 01:04:00 - Learning to listen 01:11:00 - An almighty downturn! ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The End? with Jeffrey Sherman 1:19:04

۳ years پیش1:19:04

1:19:04

Send us a text Is this the end? Featuring special guest Jeffrey Sherman, Deputy CIO DoubleLine. THIS IS NOT INVESTMENT ADVICE!! 00:00:00 - Alchemy 00:00:54 - Hello Hugh 00:01:40 - The Sherman Show 00:02:50 - $$$$$100 yard football field 00:05:10 - Only one Jeff 00:14:20 - Read Jane Austen 00:22:48 - What does it take?! 00:31:22 - Mirror mirror on the wall 00:36:25 - I want to lick the honey 00:42:24 - The virtue of experience 00:49:49 - The impermanence of life 00:59:02 - the end? 01:06:50 - The $ has lost sovereignty 01:14:00 - Against the gods ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Ask Me Anything! (This Is Not Financial Advice!) 1:01:06

۳ years پیش1:01:06

1:01:06

Send us a text Ask me anything! Comment on YouTube and I'll do my best to answer as many questions as I can. THIS IS NOT INVESTMENT ADVICE!! 00:00:00 - Intro 00:02:40 - AMA 00:02:52 - Football 00:03:10 - $$$ 00:04:20 - Japan 00:07:21 - Gold 00:09:09 - THIS IS NOT FINANCIAL ADVICE 00:10:05 - Is technical analysis real? 00:12:30 - Are you a trend follower? 00:16:40 - Favourite chart indicators? 00:21:15 - Do value and valuations matter? 00:24:17 - If there is no trend is there still a trade? 00:28:15 - Name five people who don't understand money 00:38:16 - Is the crypto crash a systemic problem? 00:43:36 - Favourite band? 00:45:45 - Why do you say Jim Rodgers hates you? 00:51:28 - Consequences of the dollar wrecking ball? THIS IS NOT INVESTMENT ADVICE!! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
LIVE IN BOSTON! (2022 World Tour) 48:19

۳ years پیش48:19

48:19

Send us a text Hugh live in Boston, speaking at the Fall 2022 STANSBERRY CONFERENCE & ALLIANCE MEETING. 00:00:00 - Special edition 00:03:00 - What is inflation? 00:06:00 - 3 types of money 00:12:02 - The repo man 00:19:04 - Check the record 00:24:16 - How the world works 00:30:03 - Money & Sex 00:36:10 - Q&A THIS IS NOT INVESTMENT ADVICE!! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Exorbitant Burden with Matthew C. Klein 1:27:21

۳ years پیش1:27:21

1:27:21

Send us a text Matthew C. Klein (@M_C_Klein) Founder of THE OVERSHOOT co-author of TRADE WARS ARE CLASS WARS joins the Acid Capitalist for a tour de force discussion you won't hear anywhere else. 00:00:00 - Sick Sweeney 00:02:27 - An abundance of anxiety 00:13:47 - Les Misérables 00:40:00 - Trade Wars are Class Wars 00:57:03 - Reorganizing the world 01:05:00 - Aesop's Fables 01:14:20 - The great flaw ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Anarchy in the U.K. 1:13:19

۳ years پیش1:13:19

1:13:19

Send us a text Sir Tom Roderick (@ToStRo) and the Acid Capitalist go head to head for the showdown of the season. 🚨🚨🚨GIVEAWAY: Get a free Acid Cap by liking and commenting on this YouTube video. INSTRUCTIONS: Like and comment on this video. If the video reaches 1k likes and 500 comments within 28 days of posting, we will select the best comment and ship them an Acid Cap of their choice. Good luck! 00:00:00 - The Much Missed Alchemist 00:01:18 - Welcome to new tribe members! 00:03:20 - Tennis Anyone? 00:03:55 - State of play 00:12:17 - Inflation????? 00:24:40 - GAME 00:39:36 - SET 00:44:17 - MATCH 00:46:00 - CHINA 00:48:20 - BEN's NOBEL 00:50:20 - Talk your book 00:59:26 - Talk me off the cliff 01:03:00 - Powell pivot? 01:08:00 - No tears ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Dark, Mysterious & Sexy Volatility 1:22:26

۳ years پیش1:22:26

1:22:26

Send us a text Benn Eifert (🧙🏿‍♂️, ) @bennpeifert takes the Acid Capitalist into the shadowy world of volatility. 00:00:00 - Intro 00:01:00 - Benn Eifert 00:07:30 - The grind 00:13:24 - Relax, have a jelly 00:20:00 - I have a certain set of skills... 00:31:00 - Someone is doing something stupid 00:40:45 - Long convexity 00:50:00 - Puke to the downside 00:57:40 - Two final questions 01:01:00 - Money's too tight to mention ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
∞Infinite Price Target∞ 1:49:32

۳ years پیش1:49:32

1:49:32

Send us a text Can you make money while saving the planet? ∞ Can any asset have an infinite price target? ∞ The Alchemist and the Acid Capitalist team up with Lawson Steele to get the lowdown on everything carbon… NOTE: The audio is great. Please note that in the comments! Most improved audio! We are trying! 00:00:00 - 15 years of experience 00:02:23 - The 2nd most famous Steele 00:04:14 - A generation of bad politics 00:22:22 - The set up 00:29:00 - Pull out the calculator 00:31:55 - Don’t forget to carry the 1! 00:39:00 - Success in the tea room! 00:41:00 - To infinity and beyond! 00:50:10 - What its really like/Recession proof 01:00:00 - Time Machine to 2024 01:14:00 - Industrial output 01:18:00 - Risks 01:24:14 - KRBN 01:29:00 - Who is exempt? 01:30:00 - Citroën 2CV 01:35:07 - Capitalism saves the planet?! 01:38:00 - Only Fans with Jacques Cousteau 01:41:22 - World’s smallest violin ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Three Bowmen of the Apocalypse 47:25

۳ years پیش47:25

47:25

Send us a text Cem Karsan's breadth and depth of knowledge has the Acid Capitalist reaching for the Ashwagandha! NOTE: Apologies for the audio quality. We are trying! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
I believe, I believe? 1:02:43

۳ years پیش1:02:43

1:02:43

Send us a text Saving retail investors one podcast at at time...all I can ask is that you stick with us till the end on this one... NOTE: We've sped up our guest’s audio. You'll understand why when you listen. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Hendry Goes to China: the Great GDP Swindle 10:00

۳ years پیش10:00

10:00

Send us a text Hendry Goes to China: the Great GDP Swindle ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Ghost in the Machine (Remix) 19:48

۳ years پیش19:48

19:48

Send us a text Welcome to a special episode of the Acid Capitalist -- ghost in the machine. This week we have an interview with an institutional trader on Wall Street who focuses on exotic derivatives and volatility. After the interview was over the guest's firm threatened legal action and tried to stop this episode from airing. The guest and firm will remain anonymous. Listen and judge for yourself why they tried to stop us. I suggest the guest and firm panic. The tribe of Acid Capitalism will not be stopped. Enjoy. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Voodoo Lounge with Jared Dillian 1:31:02

۳ years پیش1:31:02

1:31:02

Send us a text Join the Alchemist and Hugh as they enter the voodoo lounge with with Jared Dillian... *HATS NOW FOR SALE* www.acidcap.com Hugh Hendry YouTube: Hugh Hendry Official Twitter: @hendry_hugh Instagram: @hughhendryofficial Substack: hughhendry.substack.com Hats: www.acidcap.com 00:00:00 - Leaving summer behind 00:03:00 - Dirt nap 00:12:40 - Mistakes were made 00:19:30 - Getting sentimental 00:25:50 - Theory of a**holes 00:42:44 - Sucked out of the mainframe 00:46:45 - Propaganda Machine 00:59:20 - Uranium tourists 01:07:00 - The most compelling trades... 01:12:24 - Cannabis is the next bitcoin? 01:20:00 - DJ Stochastic ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Arrogance And Conceit of BTPs with Russell Clark 1:23:12

۳ years پیش1:23:12

1:23:12

Send us a text Rampaging Russ AKA Russell Clark, is back for round two! *HATS NOW FOR SALE* Hugh Hendry YouTube: Hugh Hendry Official Twitter: @hendry_hugh Instagram: @hughhendryofficial Substack: hughhendry.substack.com Hats: www.acidcap.com 00:00:00 - Fetching and sexy 00:02:20 - Melt our minds... 00:20:00 - Whatever it takes! 00:26:30 - The world has changed 00:28:00 - Playing politics 00:29:00 - Adam Smith and beavers 00:35:30 - The great vol machine 00:41:18 - Asset rich, cash poor 00:44:30 - The Texas Hustle 01:04:00 - Bloomberg and other scams 01:07:00 - RIP 01:11:00 - Tail to my fox 01:15:00 - Melt away! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Central Banking Isn't Working featuring Prof. Blanchflower 55:57

۳ years پیش55:57

55:57

Send us a text Prof. Blanchflower joins Hugh and the Alchemist for a no-holds-barred discussion on the folly of group think and failure of central banks. *HATS NOW FOR SALE* Hugh Hendry YouTube: Hugh Hendry Official Twitter: @hendry_hugh Instagram: @hughhendryofficial Substack: hughhendry.substack.com Hats: www.acidcap.com 00:00:00 - The PM rang me up 00:00:45 - Danny, "Champion of the World" 00:02:10 - Group think 00:04:40 - Silent depression 00:11:40 - Fool me once... 00:22:30 - How did I get here? 00:27:00 - The den of conformity 00:30:00 - The thing that really worries me 00:32:10 - No penalty for being wrong! 00:36:14 - Yanis 00:41:00 - What's the answer? 00:43:19 - Desert Island Discs with Mervyn King 00:50:20 - A world we don't understand 00:51:20 - I recommend the BBC panic 00:52:29 - www.acidcap.com ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Cowboys and Pirates with Javier Blas 1:08:29

۳ years پیش1:08:29

1:08:29

Send us a text Bloomberg columnist Javier Blas (@JavierBlas) joins the gang to talk commodities, Indiana Jones, pirates and cowboys. Hugh mulls a run for President of Libya; and the Alchemist discusses Hugh's death defying journey through Zimbabwe! Please rate 5-stars, comment and subscribe on Apple Podcasts . **HATS NOW FOR SALE** Hugh Hendry YouTube: Hugh Hendry Official Twitter: @hendry_hugh Instagram: @hughhendryofficial Substack: www.hughhendry.substack.com Hats: https://pixel-gallery.co.uk/collections/acid-capitalist-trucker-hats ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Crude Talk with @ChiGrl aka Tracy Shuchart 1:28:06

۳ years پیش1:28:06

1:28:06

Send us a text @ChiGrl aka Tracy Shuchart is on this week's episode to discuss all things oil! **HATS NOW FOR SALE** **NEW: www.hughhendry.substack.com ** Don't forget to rate, share and comment on Apple Podcasts . Hugh Hendry YouTube: Hugh Hendry Official Twitter: @hendry_hugh Instagram: @hughhendryofficial @ChiGrl aka Tracy Shuchart Twitter: https://twitter.com/chigrl ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Part II: Halfway up the River with Ben Hunt 58:50

۳ years پیش58:50

58:50

Send us a text Ben Hunt @EpsilonTheory is back for part II of our journey. Tune in, drop out and hold on tight as we enter the heart of darkness... **NEW: www.hughhendry.substack.com ** Don't forget to rate, share and comment on Apple Podcasts . Hugh Hendry YouTube: Hugh Hendry Official Twitter: @hendry_hugh Instagram: @hughhendryofficial Ben Hunt Twitter: @EpsilonTheory Website: epsilontheory.com *** Want to be notified about limited edition hats before they go on sale? Rate, review, comment on Apple Podcasts and send a screenshot to info [at] upsonpartners [dot com] -- the first 100 commentators will get on the list! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Halfway up the River with Ben Hunt 1:04:11

۳ years پیش1:04:11

1:04:11

Send us a text Join Hugh Hendry and Ben Hunt ( @EpsilonTheory ) for a cerebral journey halfway up the river of your mind. Colonel Kurtz and villagers await you on a macro expedition like no other! Don't forget to rate, share and comment on Apple Podcasts . Hugh Hendry YouTube: Hugh Hendry Official Twitter: @hendry_hugh Instagram: @hughhendryofficial Ben Hunt Twitter: @EpsilonTheory Website: epsilontheory.com *** Want to be notified about limited edition hats before they go on sale? Rate, review, comment on Apple Podcasts and send a screenshot to info [at] upsonpartners [dot com] -- the first 100 commentators will get on the list! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Asian Tigers with Russell Clark 1:03:31

۳ years پیش1:03:31

1:03:31

Send us a text The Acid Capitalist and the Alchemist reunited and ready for a magic mystery tour of Asia with special guest Russell Clark . *** Russell Clark on Substack https://www.russell-clark.com Russell Clark on Twitter https://twitter.com/rampagingruss *** Leave a 5-star review on Apple Podcasts! Like and subscribe to Hugh's channel on YouTube Follow Hugh on Twitter Follow Hugh on Instagram *** REMINDER: Want to be notified about limited edition hats before they go on sale? Rate, review and comment on Apple Podcasts and send a screenshot to info [at] upsonpartners [dot com] -- the first 100 commentators will get on the list! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
👏 BONUS 👏 EDITION: 👏 Featuring Tom Roderick 👏👏👏 1:17:16

۳ years پیش1:17:16

1:17:16

Send us a text Jump on the bucking bronco🐎 with a special 👏bonus edition👏 of the Acid Capitalist Podcast, featuring the one and only Tom Roderick (@ToStRo)! Don't forget to rate, share and comment on Apple Podcasts . Follow Hugh on Twitter @hendry_hugh Like and subscribe on YouTube at Hugh Hendry Official *** Want to be notified about limited edition hats before they go on sale? Rate, review, and comment on Apple Podcasts and send a screenshot to info [at] upsonpartners [dot com] -- the first 100 commentators will get on the list! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
UFOs, Bitcoin, & the End of the World w/ Matthew Pines 1:34:54

۳ years پیش1:34:54

1:34:54

Send us a text Jason Bourne aka Matthew Pines joins the Acid Capitalist for a deep dive on tail risk. Let the war games begin. Don't forget to rate, review, comment, and share on Apple Podcasts ... the hats are coming people! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Psychedelic Therapy with Denise Shull 57:35

۳ years پیش57:35

57:35

Send us a text The Acid Capitalist podcast | Psychedelic Therapy Do you watch @SHO_Billions? If so, you’re going to love this week’s episode of the Acid Capitalist podcast. Listen here now: https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978?i=1000568464181 CC @DeniseKShull ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Week That Commodities Confirmed the Worst 56:32

۳ years پیش56:32

56:32

Send us a text Another live performance reflecting on tribal questions and the precipitous decline in commodity prices one week after the Fed's latest interest rate hike. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
CARL ICAHN'S IDIOT BUTTON 51:10

۳ years پیش51:10

51:10

Send us a text I hate Fridays.This week we had a bantam weight world title decider between the contrarian and the populist. The Acid Capitalist squares up against Dylan Grice. Dylan spent years as a macro advisor tussling with the world's best hedge fund minds. He's worth a listen although the passing years haven't been kind. Still he's coining it in 😘 He takes us through his fund of fund allocations which have paid off this year. We go way back to discover revelations from his earlier career; just what was the payroll number? Schwager interviewed macro talents who could dream the number, Dylan wasn't bothered... Everyone has a 2008 story. @dylangrice worked for disgraced Ponzi hedge fund manager Bernie Madoff ! An impressionable Dylan thought they rivalled Buffet in the liquidity stakes that fateful winter, little did he realise that he was part of a giant money laundering scheme. Later @dylangrice was invited to pay his respects at the Manhattan palace of the great Carl Icahn. He regales us with the wonders of what he found there. If Steinhardt kept a gun in his drawer, Carl was more a hammer type guy. A young Dylan feared his seat was rigged to eject #hedgefunds #macro #economics #trading #deflation ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
HUMPTY DUMPTY MACRO 1:23:23

۳ years پیش1:23:23

1:23:23

Send us a text Another live edition. Humpty Dumpty? Remember the children's poem. With all the king's horses and all the king's men. They couldn't put Humpty together again...Are we closing the chapter that saw asset prices surge post the great financial crisis? Inflation or deflation? Which crisis seems more likely to the shroomers? The church debates. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Hurricane MACRO 1:27:10

۳ years پیش1:27:10

1:27:10

Send us a text We're joined by the Macro Compass writer, Alfonso Peccatiello, former bank prop trader, to discuss all things macro in the wake of JP Morgan's chief, Jamie Dimon, issuing a hurricane warning - bad things are coming. We examine the meteorological landscape. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Banned in China 1:28:04

۳ years پیش1:28:04

1:28:04

Send us a text The Acid Capitalism show went live this week. The Alchemist's hair morphed into a flock of seagulls. The Acid Capitalist levitated above the week's noise. He's a plastic thief with no belief in what he steals. A shirtless Good Kid B.a.a.d City holds it together. The Capitalist raps, 'The American Queen, she be smoking Prozac, The Totalitarians, they be smoking Napalm.' Macro thoughts from a bunker on a ting rock on a sea of oblivion. The church is open for prayers #chinanews #economics #trading #tradingstrategy #apocalypse ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
There Will Be Blood 1:33:53

۳ years پیش1:33:53

1:33:53

Send us a text There will be blood. Let’s discuss. The Acid Capitalist continues to fume about injustices. He has the Fed and the mercantilistes in his sights. First the global economy has failed to regain its previous trajectory of greater prosperity ever since the Great Financial Crisis of 2008. GDP is lost somewhere over the Atlantic, destination unknown. The economy has recovered for sure but its no way near the level that a rational investor at the turn of the century might reasonably have expected. The shortfall at the global level might be more than $20 trillion. It’s absence froments social anger. There will be blood. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Buck Broke Bitcoin 1:08:50

۳ years پیش1:08:50

1:08:50

Send us a text Bloody hell. So much for stable coins. Fight it out in the comments; does anything matter anymore if the crypto well has been poisoned by lies and malfeasance? The Acid Capitalist saw a debate on twitter about whether he was a misunderstood genius or a pretentious riddler. Neither, he's a fool in a foolish world. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Money Too Tight To Mention 1:24:39

۳ years پیش1:24:39

1:24:39

Send us a text The Alchemist explores the mysteries of hedge fund management further. This week's deep dive sees him wearing a suit! Can he cut it? The Acid Capitalist had a rough night but he's taken a magic pill to restore his superpowers and he eventually finds his mojo. This week we review central bank rate hikes. Surely, its the end, not the beginning? Private providers of credit have been raising rates since the summer of 2020. The US economy contracted last quarter. Official economic data is heavily revised in later years. Did the British economy relapse into recession last year? Just why are they insistent on more rate hikes? The Acid Capitalist is afraid, very afraid that equity markets might need to reverse all of their post covid glory. But rather than accentuate the negative, he wants to offer guidelines and solutions. He believes that they should plead a mea culpa, their primary responsibility rests with preserving asset prices. Only by revealing that they're essentially custodian officers charged with preserving the collateral that underpins the huge debt mountain will we move forward. Better yet, they should move to enfranchise those citizens that have no assets. They should create a sovereign wealth fund. QE has only prolonged the depression. Better to impose a withholding tax on mercantilist nations that choose to park their trade bounty in treasury markets. These countries forsake endogenous domestic growth in favour of chasing exports. They perceive this as a more robust economic plan. But the world of international trade is the business of robbing Peter to pay Paul. To enact their cunning strategy, global savings must rise. In China, savings rise because their currency is set too low, preserving a comparative trade advantage that market capitalism would otherwise bid away. Without their state interventions their currency would rise to bring the world into balance. Chinese households' incomes would reset higher and they might reasonably consume more. This does not happen. Instead savings rise; the share of consumption to gdp is remarkably low for such an advanced state. The same applies elsewhere. With their comparative advantage, their lower relative manufacturing costs, secured by their "cheap" currency, they bleed jobs and income security f ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Precipe, Markets on the Brink 1:24:01

۳ years پیش1:24:01

1:24:01

Send us a text This week's episode is probably the most profoundly ridiculous exercise in hyperbole ever attempted. The boys are sensing a regime shift. Volatility is like a prolonged period of high pressure in the atmosphere. Hedge fund types gunned it for all it was worth. Leverage, concentrated portfolios, lies and misdemeanours, they raked up huge profits and made themselves into billionaires many times over. But the times, they are a changing. Risk-less businesses are been revealed as risky. One by one, these feted masters of the universe are coming unstuck. We discuss. But we end on a deep dive into the theory of money. With US GDP contracting just as the Fed has committed itself to an aggressive hiking sequence of higher rates, we examine why they always seem so blind to events in the real world. Hiking during a depression has never worked. We've had four such calamities: 1830-1900, 1873 to 1900, 1930 to the onset of WWII and ever since 2008. They all ended with innovations: the railroads and the discovery of Californian gold, the chemical revolution of leaching that opened up the enormous S African gold supply and the mass adoption of telephony that facilitated correspondent and then eurodollar banking. At each turn, the free world attempted to rid itself of tyranny. First we removed monarchs and kleptocracies from their nasty habit of specie clipping, then we successively removed governments from money printing. One hundred years since the introduction of the land line, does bitcoin offer the prospect of removing the banks from money? It's a tantalising prospect and it goes far to explain why the Feds are hopeless with money and hence the economy. Truth be told, they're no longer active in the domain of money creation. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Risk Markets set to Self Destruct 1:17:44

۳ years پیش1:17:44

1:17:44

Send us a text The alchemist doesn't speak, he yells; he's a proclaimer seeking the truth. Hear ye, hear ye, he bellows, the apocalypse is coming. Fear, greed, loathing, they're all set to knock the financial world off its perch once again. The Acid Capitalist has seen it all before. A block of digital energy, he's vibrating wildly in his bunker and taking down all that antagonises him; poison pills, suave, beige, star hedge fund managers, Netflix, those that purport to save the planet by banning hydrocarbon extraction. This week he's uncut, unkempt, unruly, and channelling a higher frequency. This is financial improvisation at its most unexpected. Wannabe hedge fund stars stay tuned. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The God Trade 40:39

۳ years پیش40:39

40:39

Send us a text The Reverence Episode. The Alchemist @writes_sweeney finds himself exalting at the triple religious whammy of Easter, Passover and Ramadan. But it's Franz Kafka that holds sway. The messiah will come only when he is no longer necessary; he will come only on the day after his arrival. The Acid Capitalist proclaims that the mysticism demanded to see the future for risk assets demands that you listen to those pursuing deviant pathways. He offers up his wooly hat as evidence...reject the front pages, listen to the Church of Acid Capitalism. The editing this week has been excessive, "buts", "umms", " "halting silences", they've all been eliminated. The result being that the boys sound as though they've dropped some speed. Have no fear, wisdom awaits the patient. First on the block, the recurring message that society's fear for the planet has left the hydrocarbon complex under-valued, priced for imminent death and yet the impervious Saudi dollar peg sits unchallenged. Acid wisdom states that when the lego bricks don't fit, you have a giant trading opportunity. Where have all the dollars gone? A common refrain at cyclical turning points. Stocks are down, government bond prices have been massacred, just where are those dollars? The Capitalist reveals the perils of turning points. That when dollar assets are destroyed, dollar liabilities remain forever, setting off a mighty stampede to deleverage. The Fed's greatest nightmare. In the 1920s the credit system was predicated on gold, by contrast it is dollar collateral that feeds today's eurodollar credit system. Gold scarcity, and the demands placed on society to cover gold deficits in the 1920s, caused the global economy to crash spectacularly in the 1930s. Could the same thing be playing out again with the dollar? Will the touch point be a renminbi devaluation? Ruminations and distant rumblings are laid bare. The Alchemist has discovered Libya. Has he dropped some acid? The Capitalist adopts the Ringo Star note of diffidence when pressured to film the Let it Be album there. But in a world constantly changing, in a world where the giant Australian superannuation funds are suddenly pouring money into UK public sector assets, who is really the mad one.? "If I was responsible for $300 bn in pension assets, why not commit a cumulative $15b ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
The Soros Trade 55:35

۳ years پیش55:35

55:35

Send us a text This week, the Acid Capitalist is restored to his spiritual home, Blanc Bleu and boy is The Alchemist on form ! He's dug up some ancient manuscripts from 2007 from the legend, James Dines, the original gold bull. The foolish reject what they see, the wise reject what they think and accept what they see. Except, the Acid Cap is about to do the unpardonable and reject the wisdom that defined his hedge fund career. He's been looking at the Ruble. He refers to it dismissively as the Barney Rubble. The Barney has eliminated all of its losses since the shock of the unexpected military campaign against Ukraine. Men in Suits are adamant that this marks a profound moment in economic history. That Vlad the Bad is Vlad the Economic genius. The decision to peg to gold, a modern day gold standard, has many in the financial community proclaiming this as the moment Russia defeated the proxy economic war. But more than that, they claim it as a great pivot in history. Where Russia goes, we will follow. Huh?? The Acid Cap is having none of this. The screen price of the Barney is paint taping propaganda. It doesn't trade except by invitation. It's the preserve of the monetary authorities in Russia and those shameful nations that continue to dance with the Bear. Russian citizens certainly can't sell their Barneys, foreign nationals still holding Russian assets can't sell the rally and, heck, even Russian exporters must return their dollars to the kleptocracy. A gold standard is feasible in Russia because they've defranchised their citizens but elsewhere, democracies rejected the rigours of gold a century ago. The Wizard of Oz captures this poignantly. In the 19th century it was the elites that determined the outcome of elections. The lion depicts the mighty William Bryan Jennings, the populist presidential candidate who ran 2x and lost. The elites robbed him of his courage... Gold ain’t neutral. It favours the creditor over the debtor, forces the pain on the We, the People. With no vote, the people back then had to take it on the chin. When Treasury Secretart, Mellon, said purge the system of its rottenness in 1929, he was set to crucify the populace on the cross of gold. Thankfully, saner heads prevailed and the system was de-weaponised within 3 years but not before adult unemployment had su ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Crazy Hedge Fund Idea 1:01:40

۳ years پیش1:01:40

1:01:40

Send us a text The unplugged episode. The Acid Capitalist appears down on his luck this week. Recovering from another bout of dengue fever and yet another evening of rock and roll indulgence, he laments that if only he had found more time to prepare, perhaps the show would have been more spontaneous? Have no fear, the show is interrupted as the French police arrive to question the Acid Cap, the screen drops to an intermission and he returns only to knock out his mic. This is a wild ride. Watch the mayhem unfold. This week, the membership is asked to reflect on the meaning of mysticism, fantasy and the occult. The Achemist, is incredulous that investors might turn to corn as an alternative to dollar reserves to preserve their wealth. An exasperated Chris demands, " who would do such a crazy thing?" Crazy, retorts the Acid Cap? No more crazy than the faith based system that underpins today's fiat money. I believe... believe...I believe. Our financial world is a religious cult collateralised by blind promises; a score card of broken promises. Wealth denominated in paper money. China owns around $3 trillion greenbacks at last count, The attraction seems to rest on a promise to pay the bearer on demand. But scratch further and you uncover a web of deceit and broken promises. A promise not to confiscate your assets, to maintain a civil, enterprising society, a promise to uphold civil liberties, a promise that the state serve We the People, a promise of free movement of labour and capital, a promise not to engage in reckless military adventures overseas. He who casts the first sone? No system is faultless but the dominance and endurance of the dollar as the reserve currency of choice testifies perhaps to fewer broken promises... Coca-Cola jealously guards the secrets of its magic formula. Imagine, instead, if the most successful nation in history were to broadcast its secrets openly to friend or foe? Surely other nations would seek to copy the "sauce" as they sought to emulate if not over take the hedgemon? Despite the transparency, many large economies seem reluctant to steal such a march. Few leaders are willing to let go of their iron-grip control. The Acid Capitalist doubts any command based economy will surpass the USA in our lifetimes. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
ACID ASSETS FOR THE MANY 1:23:15

۳ years پیش1:23:15

1:23:15

Send us a text Macro Confessions Part XXXII, The Sweeney Alchemist (@writes_sweeney) is worried that the Acid Capitalist (@hendry_hugh), has been detained in Kyiv en route back to his Blessed isle. Recent images reveal a stark concrete bunker. Just where is he this week? He calls upon the aid and inspirational insight of the political economist @MkBlyt, The Tangerine Bishop of Dundee. It's an unforgettable, Scottish ménage-à-trois that will have you reaching for the closed caption service sooner rather than later. Men in finance have a tendency to talk to themselves, to be swallowed up in a grey, prohibitive universe to the exclusion of the rest of us. Not here...the bunker gets the spray can graffiti treatment, bass guitars are played loud and badly by the Acid Cap and with a swinging rhythm by The Bishop. What wanna hedgie can resist the exploration of money by those in the know. The contracts governing the external economic relationships of sovereign nations are revealed for all to see. Myths are exploded. Gold, Bretton Woods and the Eurodollar system are assessed and judged. The boys can see a fourth turning point emerging in this mysterious chess game between continents. But what will replace our dying monetary order? The question is pursued with vigour. Take red pills, get angry, get even...a market based system that seemed set to reset asset values to zero was effectively rescued by a put option, previous generations called it a cross of gold. A system of winners and losers. Where asset values have to be maintained to support the debt, a support system paid for by the serfdom of the working classes. Either divide our monolithic world into smaller pieces that aren't too big to fail or award asset values to the debtors, to those unlucky enough to be unable to afford assets. Rather than have the Fed accumulate $7 ton of useless laundromat tokens via QE, lets distribute economic tokens to the 99%. Thatcher did it with the public assets. All privatised. The public housing stock, returned to the home seekers. Awarding assets to the majority sparked the moribund economies of the 1970s back into life, could it work again?? The Bishop has a proposal... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
HEDGE FUND INTEL 1:19:47

۳ years پیش1:19:47

1:19:47

Send us a text Macro Confessions Part XXXI, a very tired Acid Capitalist, having flown half-way across the globe, joins the The Sweeney Alchemist (@writes_sweeney), in London Town to review the week when risk markets rallied. But first Chris is intrigued by the re-emergence of Adam Newman and his crypto plan to save the planet. We Work for the Planet but really? The idea is rubbished by a sceptical Acid Capitalist as way too many blue pills and not enough red. And the boys start quoting Madonna, "How High can we go". This graced the cover of the Eclectica April 2007 investor letter just 4 months before depositors at the failing bank, Northern Trust, formed orderly British queues to withdraw their savings as the financial world tilted into a devastating crisis. Chris pursues his journalist's curiosity. How are Hedge Funds trading the war? Are they redeeming wealthy Russian clients? Why bid for soccer clubs? And just how many computer screens does a manager need to take on holiday? Twitter is celebrated. Hugh reveals he spends more time scrutinising the platform than traditional newspaper outlets. Did you know that the Russian foreign minister's flight to China was aborted mid way into its journey? But the big news is China. Has China pivoted from its allegiance with Vlad the Mad? Is it the allure of the $85 trillion global economy versus exclusive rights to Russia's imploding $1.7 trillion? Or was it stark signs of the dreaded economic dominoes starting to crash and set off a chain reaction that could humble the mighty Chinese economy? Is this the real explanation behind the 25% reversal in the oil price? War propaganda, objectivity, dark political arts...just how high can we go? In the week that Bono's peace poem was ridiculed by many, the Acid Capitalists concludes, "Like a thief in the night, see the world by candlelight". No wanna be hedge fund student wants to miss this provocative take on the week's events. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
UNMISSABLE HEDGE FUND INTEL 1:43:11

۳ years پیش1:43:11

1:43:11

Send us a text Macro Confessions Part XXX, the Acid Capitalist is joined by his trusted lieutenant, @ToStRo and together with The Sweeney Alchemist, they brew a heady mix of Putin Put Downs and attempt re-set the global macro chessboard. Chris busies himself with a meaty cheese burger.. Convexity has jumped from our computer screens to the theatre of war. The asymmetry of urban war was well understood by all those not intoxicated by the greed and fear of fascist states. Urban assaults favour the defenders, but like a Bloomberg scenario analysis, convexity has leapt from the city to the surrounding fields and outer limits of the metropole. Anti-tank and anti-aircraft technology supplied liberally to the democracy of the Ukrainian statehood is making this war more asymmetric than any one could ever have hoped for. Putin hasn't lost his marbles. Rather his gangster political system has left him bereft of proper intelligence. State corruption has fostered an almighty state failure in intelligence. It's as though the former KGB has been transformed into mammoth PR agency intent on amplifying the wishes of its only client. Ok, enough war-war. Bretton Woods died in the 1960s. Those that seek to right off the hegemony of the dollar collateral system owing to the escalation in the world's first truly global war are mistaken. Is the world shifting, tilting on its axis? You bet! But not as the apologists and doomsayers would have you imagine. The axis has always been defined by the supposed might of the current account surplus nations versus the receding power of those nations succumbing to current account deficits. Think again... Channel all your paradoxical thinking. It's been a Wizard of Oz illusion all along. To quote the mighty Wizard, My people have been wearing green glasses so long that most believe this really is the Emerald City. The Acid Capitalist spells it out. Having assets that people crave, that they must own, gives you power. If you can't create enough assets in your own currency that outsiders really want then you never had wealth in the first place. This chimera of wealth is simply the confiscation of other nation's benevolence. The world is changing, hallelujah! The mighty Sampson like China. What should it do? It should revalue its currency higher to ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Hedge Fund Masterclass - Make Profits Not War 1:03:19

۳ years پیش1:03:19

1:03:19

Send us a text Macro Confessions Part XXIX, the Acid Capitalist is mad as hell. Bewildered and traumatised by the human catastrophe in Ukraine, he's left exasperated by sinister political forces seeking to stymie the advance of the European carbon trading platform to advance their own selfish causes. Carbon permit prices have fallen sharply. He mans his pulpit. An uncommon occurrence. Rarely can one say that you can do-good and make money. The Exchange Trading Scheme has pursued truth via the price discovery system. Competing exchanges in America limit speculation, limit truth seeking activities. The result? The precious resource of the depleted ozone layer trades for just a third of the European scheme. Truth is always the victim. But Europe's political class teeter on the brink. States fail when they neglect to replenish their energy supply. Having allowed the region's mighty energy reserves to dwindle to less than five years' worth, the Acid Cap fears the euro will spiral lower. Fight them on the beaches, fight them in the markets...but look after your pennies. Energy? It's still all about energy. Why is OPEC not pumping more oil demands the Chief Disciple, Chris? Because we shouldn't equate oil reserves with brains, snaps Hugh. Warming to his subject, he proclaims that the Dawn of Chaos will wipe out all dollar pegs, even that of the mighty oil sultan. You see, high oil prices are DEATH to price cartels. He elaborates on his thesis. Everyone is asleep. Time to take the red pills, time to wake up and seize the trading opportunities. Every wannabe hedge should take note. There's work to be done. Hugh declares himself an intellectual psychopath, whatever could he mean? But he's not tempted to buy Alibaba, the once mighty Chinese retail platform. For whom the gods would destroy they first make mad. He's not buying. No he's starting a hedge fund cult. He's reeling from Cotard Syndrome. An uncommon malady were the victims believe they've died and gone to hell. It seems an apt metaphor for the last week witnessing the Russian advance on Kiev. Contentious narratives that might form the accepted belief system of the future. Carbon offsets are the blue pills of the dozing masses. Cap and Trade is a red pill means to evade The Matrix and protect the planet's future. The Acid Mast ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Shared Confessions: Hugh Hendry & Benedict Evans, Is it Possible to Tokenise Knowledge? 35:22

۴ years پیش35:22

35:22

Send us a text Hedge fund manager, Hugh Hendry, invites technology savant, Benedict Evans, to provide an overlay between macro and tech. Together they explore the new questions: crypto, machine learning, shifts in ecommerce, what's happening in media, China, and it's 900 million users and their significance on the rest of the world. Hedge fund pirate Hugh Hendry chronicles the inner workings of the uncorrelated and legendary Eclectica Fund. Hugh's discussions with other though leaders are deployed as a hedge fund boot camp to reveal what he's thinking and why in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week they also discuss the convexity of adoption and why crypto as a tradeable asset could be as, or more effective, to the pressing issue of today - how do you kick-start a new network or community. Is it more effective than Instagram spending? The boys discuss. Hugh is ready to proclaim a new macro world. He can see a future were the economy turns people into assets. He gets very excited. Chapters: 00:00 Shared Confessions Is it possible to tokenise knowledge 04:05 Comparing Crypto to Opensource technology 07:35 The Convexity of Adoption 11:40 Turn People Into Assets 13:45 The Irrevocability Bug of Tokens 14:30 All Financial Innovations go to far 17:15 Instagram reached 50m users with 7 people 19:00 Apple's new Ad Model 20:25 Duck Duck Go...The Google Token 23:50 Today's Icons - Zero Marketing 25:20 L'Oreal does 25% Sales online 28:25 Chinese Concepts Go Global ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XXI: PGMs the Ethereum of Commodities 37:50

۴ years پیش37:50

37:50

Send us a text Chapters: 00:00 Confessions Part XXI Fed Irrelevant. Macro Has Changed 01:30 3D Macro 03:20 De Carbonisation / De Globalisation / Demographics 06:30 A Commodity Bull Market with no Brakes 07:20 Oil Price $180 to $65 but 13 y later, GDP +2x & Wealth +3x 08:30 Does DeCarbon De-Nuke Corporate Profits? 10:00 One Bank will become risk seeking; others will follow... 14:00 Worst Becomes Best - Why you should BUY @ 1998 prices 16:40 Renault sold more electric cars in EU than anybody else 18:20 Commodities Trade @ Historic Value Lows 3x EBITDA 19:15 PGMs the Ethereum Commodity: Store of Value + Industrial App 21:25 Sibanye Stillwater / Anglo Plats / plus a few others 23:00 Expensive Annuity or V Cheap Perpetuity? 25:20 What does a Macro fund do with an 8x bagger? 29:40 Gold Miners/ Bitcoin Plus Dividends? ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XX: Is Bitcoin going to a Million Dollars? (Apr 2005) 57:12

۴ years پیش57:12

57:12

Send us a text Hedge fund manager, Hugh Hendry, invites his former colleague Tom Roderick, the manager of the Trium Macro Hedge Fund, to review this week's crash in cryptocurrencies. They draw parallels with the tech bubble of the late 1990s and the pyramid of leverage that lay behind the housing bubble in late 2006. They discuss bitcoin's coming of age. With values soaring past one trillion dollars, crypto is no longer a cheap out-of-the money call option on currency debasement. Downside volatility will feature as prominently as the upside. Finally, they venture that real world applications for the currency could take bitcoin beyond its peak price. Hedge fund pirate Hugh Hendry, chronicle the inner workings of the uncorrelated and legendary Eclectica Fund. Hugh's monthly client letter is deployed as a hedge fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week he also chronicles his fight with his old boss, Crispin Odey, that saw them go long and short the same stock in their different funds and Hugh concludes by examining the social mood of ESG, why it is likely to create a further and huge up leg in commodity prices and why gold prices feel like bitcoin at 10,000 ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XIX: Is Bitcoin Lehman? (March 2005) 49:20

۴ years پیش49:20

49:20

Send us a text Macro Hedge Fund Manager offers more global insights and delivers a shellacking of Elon Musk, Tesla, and their incestuous menage-à-trois with Bitcoin. Comparing the ESG mood to the anti-bank sentiment in the 1930s, he compares Bitcoin with Lehman Brothers; is one as incongruous as the other? He takes us from a critique of dirty bitcoin to a deep dive into the Chinese steel industry - showing why the moribund steel sector could be poised to enter a bull market. Hedge Fund pirate Hugh Hendry and co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund using its monthly client letters as a Hedge Fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XVIII: I Believe (Feb 2005) 1:46:10

۴ years پیش1:46:10

1:46:10

Send us a text Hugh goes back to the future to zero in on the hydroelectric income trust, Innergex, in the Canadian province of Quebec. Having invested back in 2005 he re-examines the business today, 16 years later. He also empties the tank on his disdain for fellows in suits and moustaches, the zeitgeist of impending inflation and what the big US banks are telling us. He even treats us to another spin of The Hendry Chart Rotator., this time reviewing the largest European stocks. And Hugh explains why the "sophistication" for market neutral strategies can creates absurdities and opportunities. He suggests that the fallen tech giant ,Nokia, could be set to crawl out from its shallow grave. Hedge Fund pirate Hugh Hendry and co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund. The boys use Hugh's monthly client letters as a Hedge Fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week, Elton John, Phil Collins and Run DMC pop up in the weekly song choice. Walk This Way people. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XVII: Porno (Q1 2005) 1:35:29

۴ years پیش1:35:29

1:35:29

Send us a text Hugh gets X-rated unveiling his version of hardcore pornography - The Hendry Chart Rotator. He offers a lesson from what can be gleaned from chart patterns. We discuss the shocking failure of Europe - youth unemployment - and why the banks are the cork in the bottle right now and an analysis of Sony recording their biggest ever annual net profit. Hugh even gets in an almighty fangle and confuses Hitachi for Toshiba. We've kept it not to spare his blushes. Hedge Fund pirate Hugh Hendry and co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund. They use Hugh's monthly client letters as a Hedge Fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. There's also mention of Tesla, Elon Musk and Hugh goes all millennial by delving into social media phenomenon, Only Fans. Plus, we squabble over being from Scotland's biggest city, Glasgow - one of us was born and bred there, the other fled. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XVI: Dickcoin (Q4 2004) 1:07:09

۴ years پیش1:07:09

1:07:09

Send us a text Mick Jagger's Swagger warns us to be wary of Bitcoin Hugh lifts the lid on how the pressures of working side by side with Crispin Odey drove him to seek refuge on Mustique, where he rented a house next door to Sir Mick Jagger and near Bryan Adams, He talks about how a drop in commodity prices in late 2004 hit him hard, but how he battled with the searing Caribbean heat (minus air-conditioning) to end the year +8%. Hedge Fund pirate Hugh Hendry and co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund. The boys use Hugh's monthly client letters as a Hedge Fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week there's also a look at the fall in Bitcoin, what a gap in a price chart signifies and Hugh reveals that he no longer knows where the Chinese currency should trade. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XV: Bubbles (Summer 2004) 1:21:32

۴ years پیش1:21:32

1:21:32

Send us a text Hugh laments on the things he didn't see as clearly in 2004, as he does now. There's a warning from someone who's experienced it - if you're anointed an investment god, don't get too high on your own supply. And an article from The Financial Times is eviscerated for forewarning the coming power of digital currency. Hedge Fund pirate Hugh Hendry and co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund. The boys use Hugh's monthly client letters as a Hedge Fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week there's also chats about The Beastie Boys, Swedish discount retailer Axfood, the power of a third, how price-to-sales works as a value metric and how one of Hugh's former colleagues fled Iran stitched inside a sofa. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XIV: Doom Loop (March 2004) 1:45:33

۴ years پیش1:45:33

1:45:33

Send us a text The narrative continues as we jump from uranium into the oil market, and we get filthy, maybe even dirty... Why did the scorpion kill the frog? Hey hedge Fund managers gotta make money. There's also a look at China, could it be about to turn Japanese? Too early to say conclusively but the Princes of the Yuan are stirring? Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund. The boys use Hugh's monthly client letters as a Hedge Fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week they discuss his journey into 2004, why he told his clients to "bury their money in the backyard" and what he makes of the $1.8 billion purchase of London skyscraper 100 Bishopsgate. Sadly, there's no orgasms this time but Hugh's maybe contemplating a return and refuses to let the episode end as the trade ideas keep flowing and he delivers an extended masterclass. Even Iggy Pop gets a mention. Use the chapter headings and the closed caption service to skip to the nitty gritty. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XIII: Nuclear (Q1 2004) 1:32:26

۴ years پیش1:32:26

1:32:26

Send us a text Deep dive into the uranium sector and the Archegos scandal. Plus, how Hugh was almost tossed out of a plane by Robert Mugabe’s money men during a trip to Africa. Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund The boys use Hugh's monthly client letters as a hedge fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week they discuss his bright start to 2004 and why genius is buying anything at the bottom of a bear market. Having shorted chip stocks in 2004, Hugh explains why the electricity of everything means chips with everything. What killed the previous uranium bull market and why the charts are so orgasmic. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XII: Loud! (4th Quarter 2003) 1:25:11

۴ years پیش1:25:11

1:25:11

Send us a text Confessions XII 4thQ 2003 - Goldfinger, Putin, travelling supersonic and finding EU carbon credit equities. Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund The boys use Hugh's monthly client letters as a hedge fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week they discuss his sparkling 50 percent annual return for 2003, what is probably Vladimir Putin's personal quoted oil company and how the climate change agenda is permeating through to the equity market. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions XI: Rebel Rebel (September 2003) 1:08:12

۴ years پیش1:08:12

1:08:12

Send us a text Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund's 15-years of operation, from 2002 to 2017. The boys are using Hugh's monthly letters to clients as a basis to take the audience on a journey into what he was thinking and why he made the decisions he did, in real time. It's the financial equivalent of a gripping true crime adventure. It's also an exclusive look behind the curtain of a Hedge Fund with nothing off-limits. This week they discuss how Hugh drove home his epic gold trade and why if he still ran a hedge fund, he'd be going big on carbon trading. But be warned, Hugh is in a bad mood this episode, even though he just celebrated his birthday in St Barts! Poor, poor Chris. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions X: The Shamen (Jul/Aug 2003) 1:26:29

۴ years پیش1:26:29

1:26:29

Send us a text Confessions X July/Aug 2003 - Hugh's shorting Lehman Bros and reveals all about his Mercedes luxury mobile office/cinema that his wife drove! Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund The boys are using Hugh's monthly letters to clients as a basis to take the audience on a journey into what he was thinking and why he made the decisions he did, in real time. It's the financial equivalent of a gripping true crime adventure. It's also an exclusive look behind the curtain of a Hedge Fund with nothing off-limits. This week they discuss Hugh's insight into how you can be too early, why gold may be about to repeat the moves of 2003 and his love of Madonna's debut album. Chris also bizarrely spends the episode stuck in 2005. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions IX: St Barts Bono (June 2003) 1:26:52

۴ years پیش1:26:52

1:26:52

Send us a text Confessions IX June 2003 - Why Hugh "St Barts Bono" Hendry should run the Bank of England, plus the genius of buying a lousy company. Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund's 15-years of operation, from 2002 to 2017. The boys are using Hugh's monthly letters to clients as a basis to take the audience on a journey into what he was thinking and why he made the decisions he did, in real time. It's the financial equivalent of a gripping true crime adventure. It's also an exclusive look behind the curtain of a Hedge Fund with nothing off-limits. This week they discuss Hugh's insight into gold that the world's central bankers failed to see, his surprise/disgust at discovering who Sean Paul is, Japan's Kanaden and why American hedge funds make so much compared to their British counterparts. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions VIII: Almost Glory (April/May 2003) 1:25:22

۴ years پیش1:25:22

1:25:22

Send us a text Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Electica Fund's 15-years of operation, from 2002 to 2017. The boys are using Hugh's monthly letters to clients as a basis to take the audience on a journey into what he was thinking and why he made the decisions he did, in real time. It's the financial equivalent of a gripping true crime adventure. It's also an exclusive look behind the curtain of a Hedge Fund with nothing off-limits. This week they discuss Hugh's insight into Bitcoin, his beloved Celtic FC's 2003 UEFA Cup agony, his significant investment into the club and how his fund spectacularly bounced back from a crippling March. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
HEDGE FUND MASTERCLASS - NAVIGATE EUROPE ENERGY CRISIS 1:12:07

۳ years پیش1:12:07

1:12:07

Send us a text Macro Confessions Part XXVIII, projecting forward from the macro year 2007. Chris finds a Hank Moody like Acid Capitalist holed up in his friends' beautiful villa in St Barts. staring wistfully at the surf. The unthinkable has happened, Russian tanks have broken ranks and are moving in on Kiev. Risk becomes philosophical. The Dice Man declares that if you can't think then you have no soul, for a soul is something subject to reflection. Little thinking seems apparent in this modern outbreak of war within the central theatre of Europe and so emotions will determine the landscape of European markets. The boys begin with a push back on the comments from Shell's trading desk. They claim that speculators are pushing energy prices up to levels that will impact harmfully on ordinary citizens. Pas de tout claims Hugh. It is the long awaited entrance of price discovery that reveals the lamentable record of Europe's leaders. No foresight, no courage has bequeathed a generation with an acute shortage of local energy sources and no infra-structure to link with democratic suppliers. Fight them on the beaches, fight them in the markets... Gas? It's still all about gas. The High Priest presents a detailed look behind the futures market for energy and the perils of trading commodity futures. He concludes that the blip in energy prices is most unlikely to prove transitory but will be levitated for much longer to encourage better political energy sourcing and to accelerate much needed energy infra structure. When will the macro reset end? Hugh estimates that one has to keep an eye on mean reversion in the zeitgeist stocks of Apple and Meta. Are times changing? It does look like a return to a time of chaos. The 1970s had an energy crisis, the Russians ignored sovereign niceties and invaded another country and gold? Gold went to the moon. It bares close attention. Tune in or miss out. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
HedgeFund MasterClass - Profit from Russian Conflict 59:48

۳ years پیش59:48

59:48

Send us a text Macro Confessions Part XXVII, projecting forward from the macro year 2006. Chris finds a dishevelled Acid Capitalist holed up in his cement bunker in St Barts. The initial salvos find the boys reminiscing about the Fight Club, The UNIBomber, Nirvana and bereaving the passing of Agent 007 as one of their own. Hugh picks up the pace, sharing how he bought the chip company AMD and shorted its larger, more successful competitor, Intel simply because he thought the pattern reminiscent of the gold price's resurgence. Oh Gosh, Oh Gosh I'm Juliette Binoche whispers a wistful Hugh as he confesses to inherent flaws in his trade, but the Dice Man vows never to stop throwing. The child like wonders of curiosity, Hugh was always asking why the sky was blue? However, he's still furious about environmentalists seeking to prevent all new permitting and exploration for hydrocarbons. Such anarchy is driving energy prices higher. Europe's profound lack of resources is seeing governments subsidizing household energy bills. Could this be the fabled "helicopter money"? Will persistently higher and higher oil prices create permanent and rising cash subsidies. Is this how inflation finally emerges? A liberty Gas Pipeline from the US to Europe? The boys ask, would this not be a more elegant solution to confronting Russia's bear hug on the European energy market; better than NATO raising defence spending by $100 bn ? The Acid Shamen levitates with excitement at the notion of what a Europe with a cheap source of energy could achieve for the world. Gas? Chris couldn't let the opportunity pass without asking about the 2006 hedge fund disaster, Amaranth's $6bn implosion, one of the largest ever. Hugh confesses that he too was long nat gas, just not that long!! Why? Because the price of oil had exceeded $40 per barrel for the first time in 25 years. Hugh explains the perils or opportunities from trading commodity futures curves, beware contangos at the short end. Gas prices rise from $1 to $6 per btu and yet you lose 80% trading futures. The boys explain why. And finally, the Acid Capitalist reveals his new macro trade. Tune in or lose out. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
HedgeFund MasterClass - The Great Carbon Swindle 1:15:46

۳ years پیش1:15:46

1:15:46

Send us a text Macro Confessions Part XXVI (somewhere in the future) This week the camera never lies. Hugh is trotting out responses under cross-examination from Chris. Bridgewater, Ray Dallio, Is he the greatest hedge fund manager ever? He's certainly made more money than anyone else...And then, Hugh goes freestyle. You can literally see the moment when the Acid Capitalist forms a new idea in his head. You can share that light bulb moment. Be in the room as Hugh brings down absurdity to try save the planet. No new Hedge Fund wannabee can afford to miss this journey from the past to the present. Our resident Time Lord reveals his trippy macro insights and explains why his own endorsement of EU carbon trading permits from last year may now be bearing fruit. This week, Hugh aims his sights against Extinction Rebellion. Just what purpose does it serve? It feels more like fin de siècle, Dadaism than a logical plan to reduce carbon emissions. He snorts, it's more like the great generational swindle. Kids seeking to make a difference should spend their money buying closed end mutual funds designed to permanently reduce the number of available pollution permits. Stick it to the guy, we should buy the permits before the polluters. It's totally absurd... They wince as they consider the zero tolerance for new oil field exploration. 6.5 billion people on the planet consume 3 barrels of oil per person per year. We consume 13. Are they to live in poverty, denied our lifestyle? Or will oil demand double before 2050? What to do, pleads Chris? Corner the market for permits, drive the pollution cost higher demands Hugh. And get smarter, use renewable energy to fuel oil and gas exploration. Don't ban oil, that's suicide, find lower carbon oil instead. Only by being smart can we avoid oblivion. And NFTs, vouchers, permits. nothing is considered out of bounds. Hugh proposes a radical idea to enfranchise all of us. Distribute pollution NFTs to every household for free. Then start issuing fewer and fewer of them and demand that households pay for their own carbon footprint with such vouchers. Those that pollute less will own more vouchers and accrue a very valuable asset. Use crypto technology to spread ownership of the planet's problem, to create the love-cult 2050 with smart people solving the world's greatest pro ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
HedgeFund Masterclass: CHINA CRASH 2024 1:23:35

۳ years پیش1:23:35

1:23:35

Send us a text Macro Confessions Part XXV (APRIL,2012) This week Hugh felt a movement in the time-expanse of the financial universe. In a land far, far away, an elderly, wise man of his acquaintance, his Master and Macro overlord bore testimony to a prophecy of bad tidings. Despite their evident excitement, the boys compose themselves and set about deciphering the godfather of macro, George Soros, and his latest missives delivered in a face-off challenge to China's President Xi. No new Hedge Fund wannabee can afford to miss this journey from the past to the present day where the Time Lord reveals his trippy macro insights and explains why his own apocalyptic warnings from 12 years ago may now be bearing fruit. This week, in the high stakes game of international trade, they ask, is China the nation that reneged? Does history repeat? Has the Chinese property market mimicked the unstable rise of the DJI in the 1920s? Will there be blood? They wince as they consider the ramifications and ponder how best to start a mania. Regrets for being 10 years early? Perhaps, admits a frank Hugh, if only he had used the Chinese zodiac. Can the world save China, asks Chris? Hugh compares it to the gripping finale of The Squid Game. The curious tale of the Brazilian Icarus, Eike Batista, is revealed as well as the Soros Open Society. Just why do America's right revere Vlad the Blunderer? And will the rubble's gold backing protect the expansive Putin's flank? Not bloody likely! Snorts a dismissive Acid Capitalist. In probably the best of the series, Hugh takes us from the Gold Standard to Bretton Woods and now the last days of the EuroDollar Standard. A China reset will likely usher in the end of the dollar hegemony, how will nations reconfigure after the great crash? Chris continues to spin his wheel... Can you dare miss this special issue..? ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Hedge Fund MasterClas - BIGGEST MACRO MISTAKE 1:32:36

۳ years پیش1:32:36

1:32:36

Send us a text Macro Confessions Part XX IV (2006) This week risk is resetting. Things changing. There will be opportunities. There will be blood. Let it be the other guy. Let's get absurd. The boys review the slaughter of the innocents, namely the abject poor performance of some of last year's most hyped new companies to emerge on the stock market. The conversation is fast paced. Chris has led Hugh to the Valley of Happiness but he wants to know more about what's causing the melt down in high profile stock names Peloton, Deliver and Oatly. No new Hedge Fund wannabee can afford to miss this journey from the past to the present day where Hugh reveals his latest macro insights and explains his Quantity Theory of Insanity. The Alchemy of Finance, it is not... This week they consider The Secret Policeman's Macro Ball, an annual illuminati gathering of the great minds in macro hedge fund management. The event you are assured not to receive an invitation to. Just why do the greatest minds share their best-ideas with their competition? Regrets, Hugh has a few and he travels back to December 2008 to confront his younger self. You see back in early 2006 he predicted a deflationary event that would send Treasury bond prices surging and the gold price crashing. But when his prophesy came true, he failed to load up on gold. Hugh is raging mad with his younger self. And with markets in turmoil, the chart rotator returns to examine the Dow Jones constituent 30 stocks to determine where prices are versus their slower, longer-dated moving averages. Hugh invokes his Acid Capitalist powers to draw predictions and stock ideas for the coming year. Chris continues to spin his wheel... Tune-in or be square... Charts can be found here https://www.youtube.com/channel/UCs4X8HJf2dQog8-CCaDBlsg ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Hedge Fund Masterclass - Shorting 1:23:29

۳ years پیش1:23:29

1:23:29

Send us a text Macro Confessions Part XX III (November 2005) This week the boys kick back. Inspired by Jeff Bezos, and his recent jaunt to St Barts, Hugh reveals his 20 hour fast and avocado regime. He believes that longevity and contrarian investing are bedfellows. Chris shakes his head in disbelief. The conversation is fast paced. Chris has his runner's legs on and wants to know more about what's knocking the capital markets this week. Bonds, not James but the ongoing disturbance in the US Treasury market are discussed. Better to construct an inventory of ideas than trade a market whose long-term trend has yet to change course, cautions Hugh. Check your premises! No new Hedge Fund wannabee can afford to miss this journey from the past to the present day where Hugh reveals his latest macro insights and explains how sometimes he outwitted the market's smartest minds. This week they take on The Raiders of the Lost Ark, via Cathy Wood's flailing tech fund, and ask why markets generate mysticism to create retail super-star managers and why their unwieldy funds often hit the skids. Shorting is this week's focus. Why do it? The epic short squeeze of Volkswagen in the midsts of the chaos of October 2008 is explored. Hugh shares his November 2005 Eclectica investment letter to lavish praise on John Armitage, a legendary British hedge fund manager who stopped shorting entirely. The cautionary tale of AW Jones, the manager who first brought L/S strategies to the public's attention, is examined. You wont believe the paradox of what befell him in 1969. No one is spared. Hugh loved Ken Fisher's book Superstocks but less the man himself. The gloves are well and truly off and at the end Hugh confesses that he's starting to see a re-awakening in the gold sector. Really? Is that possible? Chris' insatiable curiosity remains dialled to the max. Tune-in or be square... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Hedge Fund Masterclass - Paradoxical Investing 41:55

۳ years پیش41:55

41:55

Send us a text Macro Confessions Part XX II (October 2005) The Scottish tormentor, Chris Sweeney, is pumped to the max as he seeks to understand the inner workings of Hugh's orthogonal Eclectica Fund. The boys use his monthly client letters as a Hedge Fund boot camp to reveal what he was really thinking at the time and why he made the decisions he did. No new Hedge Fund wannabee can afford to miss his journey to the present day where he reveals and expounds upon his latest macro insights and his chagrin for those that got away. This week, Chris continues to audit great hedge fund managers' recent performance. Hugh gives them a pass. And Chris is channeling investments via his viewing habits. He asks, is Succession accurate? Are investors petty or the guardian dogs of capitalism? Hugh favours the latter interpretation and responds in an Ayn Randian manner. Never apologise for the wealth created by your intellectual graft, he barks. The investment discussion goes back to 1979, 1982 and 2005 to ask questions about today's epic bull market in the US Treasury market. Hugh accepts that bond yields will rise over the next 40 years but cautions that nascent bull markets protect their bounty of profits with enormous moats. Investors seeking to capture a bear market in Ts better beware. Adopt paradoxical investment techniques to capture the upside. And somewhere in the mix they discuss African jeep safari research trips and the prejudice of the present. Tune-in or be square... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Hedge Fund Masterclass- Don't Look Up - Trading Convexity 1:16:05

۴ years پیش1:16:05

1:16:05

Send us a text Macro Confessions Part XX (Autumn 2005) We welcome back again, the Scottish tormentor, Chris Sweeney, to chronicle the inner workings of Hugh's orthogonal Eclectica Fund. The boys use his monthly client letters as a Hedge Fund boot camp to reveal what he was really thinking at the time and why he made the decisions he did. No new Hedge Fund wannabee can afford to miss his journey to the present day where he reveals and expounds upon his latest macro insights and his chagrin for those that got away. This week, they examine the first time Hugh really got a good hosing. Warning, it's a shocking tale. And having navigated Christmas, the boys are channelling The Beatles back catalogue; inspired by Let it Be, they ask why exactly was Hugh channeling Abbey Road back in 2005? More big currency gyrations this week. This time Hugh attempts to fit together the jigsaw pieces of 5 year lows in the Japanese yen, the sell-off in US Treasuries and the absurd and persistent cheapness of volatility in Japan. Blame Netflix, but Hugh fears a direct meteor strike on planet "markets" and he is dusting down some convex trades. And somewhere in the mix they discuss Money Heist and wading through pools of reindeer blood. Tune-in or be square... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Macro Christmas Confessions 51:29

۴ years پیش51:29

51:29

Send us a text Ever attended a Hedge Fund Christmas Party? We've super charged the subtitles as we welcome back the Scottish tornado, Chris Sweeney to once more chronicle the inner workings of Hugh's orthogonal Eclectica Fund. The boys use his monthly client letters as a Hedge Fund boot camp to reveal what he was really thinking at the time and why he made the decisions he did. No Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights and his chagrin for those that got away. This week, we examine Hugh's relationship with Crispin Odey, his vexation at seeing music business valuations explode to the upside this year. He rues his failure to buy EMI back in 2005 when valuations where just 5% to 10% of today's levels. It all makes for A Blue Christmas, the boys are channelling Elvis as they pick over this week's big currency gyrations from Turkey, a country of 85 million inhabitants with a GDP equal to less than a quarter of the value of Apple's stock market capitalisation. Apples and Turkey...merry Christmas one and all. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Hedge Fund Masterclass - Creativity 1:17:25

۴ years پیش1:17:25

1:17:25

Send us a text This week we have a Shared Confession. Former macro hedge fund manager, Hugh Hendry, is joined by Dr. Angus Fletcher (Phd, Yale) , a neuroscientist and professor of Shakespeare. Angus rocks ! His latest book, Creative Thinking, was written especially for US special operatives engaging with live risk. We discuss the carry over principals for all wannabe hedge fund investors. This is hedge fund bootcamp for narrative warriors. The pursuit of linguistics and rogue imagination over data; the rejection of logic. Data predicts yesterday. We suggest a non logical mode of intelligence that dares to see tomorrow. We explain how to react at the speed of life. If you can open yourself up to all the points of perspective when everyone else is rooted in the past then maybe you might just come to find yourself "in the moment". We discuss the principals for seeing the future. Brains don't need spreadsheets but exceptional data. Chaos is brain food. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
China's Zodiac Doomsday Clock 33:29

۴ years پیش33:29

33:29

Send us a text Ex macro hedge fund manager, Hugh Hendry, again invites his former investment partner, Tom Roderick, to review the global macro landscape. This week Tom discusses his new macro essay, China's Zodiac Doomsday Clock. Hugh becomes nostalgic for March 2009 and his slow train journey to Wuhan which revealed abundant evidence of China's property overbuilding 12 years ago. Tom explains why their China blow-up fund never made them a billion dollars. The answer was written in the stars. China's wise men acknowledged Confucius - wise man's clock is slower. Beijing's bureaucrats socialised risk and relied upon rapid gdp growth, urbanisation and population growth to remedy the situation. The Chinese zodiac has 12 characters like our own system but takes 12 years, not months, to travel the galaxy and back. The gonzo investor shakes his head. A question of faulty time keeping ? The boys move on and consider whether inflation is deflationary ? This is macro conjecture for grown-ups and Tom asks why investors never consider debt levels to wealth rather than GDP ? The episode concludes with the contest between real and nominal US Treasury yields...which is the centre of our financial universe ? ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Punk Macro Inflation 56:18

۴ years پیش56:18

56:18

Send us a text Former macro hedge fund manager, Hugh Hendry, again invites his former investment colleague, Tom Roderick, to review the global macro landscape. This week they argue over inflation. Hugh is sceptical, Tom less so. The gonzo investor rails against the media’s shock and outrage on witnessing higher prices. “We closed the world for more than a year and then jolted it back to life with the greatest ever cash incentive to buy...why are we surprised that some prices have surged?” bellows Hugh from his cave in St Barts. The boys consider a means to overcoming their differences and suggest that the Fed should take note. Tom has an ingenious idea – The Rule of 2 %. That the Fed should only announce a hike in rates should the 10-year Treasury yield breach 2%. But could the Fed ever admit to its lack of omnipotence in the rate setting arena even though the bond market always calls it right? Tom then explains why macro managers own gold in their hedge funds - hint, it’s the cheapest inflation hedge. This is macro conjecture for grown-ups and part I concludes with a review of a recent and revelatory thread by Michael Pettis, a prominent macro economist. Does China’s undervalued exchange rate and / or low wages export deflation onto an unsuspecting West? The boys de-construct the logic to confirm that yes, it is trade policy and not interest rates that govern our financial universe. Unless surplus nations mend their ways, risk-free rates will likely remain pinned to the floor and cautious investors will continue to forgo maximising future returns in favour of avoiding even greater losses. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
China Risk Shared Confessions by Hugh Hendry & Tom Roderick 49:47

۴ years پیش49:47

49:47

Send us a text Hedge fund manager, Hugh Hendry, again invites his former colleague, Tom Roderick, who manages macro at Trium in London, to review the revelatory and impending bust of China's legendary Evergrande Property. Macro hasn't been seen in Chinese waters for almost a decade. A strong currency with a positive carry and a stock market seemingly impervious to shocking state interventions has ensured a lack of willing naysayers. The Acid Capitalist, Hugh, and Tom, explains how China's property companies were the safest stocks in the global sector owing to their ability to transfer risk quickly. That the least risky companies are now in jeopardy does not bode well especially as Chinese property, relative to household wealth, is 4x greater than in the US. The boys consider a bull market in fear where sovereign Chinese bonds will supplant property as the de facto collateral position. They can conceive of a steeply inverted yield in a land more accustomed to wearing flats and they ask whether flaunting opulence and the mania for luxury may not sit well with the modern creed of common prosperity. Buckle up! This is macro conjecture for grown-ups. Chapters: 00:00 Shared Confessions China's Geometric Risk Taking 02:45 Why Macro didn't Short the Red Lines 05:15 Why the $ is red Cabbage in Beijing 10:55 China Property Market was Risk Free 15:35 Fechner and the Geometry of Chinese GDP Growth 17:25 Why Now ? And the Grapes of Wrath 21:30 FX chart, Mad Max Leverage Internal or External ? 26:45 Everything is Macro 32:40 Is there a China Macro Trade with no Tears for Fears? 37:35 China the Land Of Flat Yield Curves 40.45 Stay At the Money with Your Strikes 42:00 Apathy is the Catalyst for Perplexing & Engaging Trades 46:15 Common Prosperity Questions Luxury Valuations ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions: Hugh Hendry & Tom Roderick, Acid Capitalist 38:20

۴ years پیش38:20

38:20

Send us a text Hedge fund manager, Hugh Hendry, invites former investment partner, Tom Roderick, to dive under the hood and examine how one becomes a hedge fund manager. They revisit the summer of 2005, the S&P has been marooned for 2 years moving sideways as the economy and corporate profitability improve. What would an aspiring young manager do? Hedge fund pirate Hugh Hendry chronicles the inner workings of the uncorrelated and legendary Eclectica Fund. Hugh's discussions with other though leaders are deployed as a hedge fund boot camp to reveal what he's thinking and why in real time. No new Hedge Fund wannabe can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week we find a rather pallid Hugh cursing his demons from the night before and his newfound love of Pickle-Ball and tequila. Tom quizzes him on why he was 75% net long and not 35% or 120% long? And how did he size risk positions? How did he seek to optimize his portfolio in a world before the rule books had been written. Was this risk taking on the hoof, a form of dopamine bingo, with creativity the deciding risk factor? Hugh and Tom reveal all. Chapters: 00:00 Shared Confessions Acid Capitalist 05:10 Optimal Risk Sizing 10:30 Soros / Druckenmiller Lite Risk Model 14:00 Losing My Curiosity 15:15 The macro narrative of 2005 18:00 The Status Quo Changing 21:00 Dopamine Bingo - Creativity at Risk (CaR) 22:30 Eclectica Fund Attribution 28:00 Longs 2x Shorts but shorts bigger than longs..? 30:00 2005 the year institutions crashed the Commodity scene 35:00 Not a Bull Mkt till you've had Violent, Painful Corrections ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Shared Confessions: Hugh Hendry & Karinna Knobbs, Pattern Seekers 32:17

۴ years پیش32:17

32:17

Send us a text Hedge fund manager, Hugh Hendry, invites digital fashion entrepreneur, Karinna Knobbs, to provide another overlay between macro and tech and maybe even fashion? Ever wondered how hedge fund managers develop their ideas? Watch as Hugh interviews Karinna and they discuss THE DEMATERIALISED, an experimental marketspace for digital fashion including a system for the creation and trading of NFTs. Karinna founded the site with Marjorie Hernandez. Hedge fund pirate Hugh Hendry chronicles the inner workings of the uncorrelated and legendary Eclectica Fund. Hugh's discussions with other though leaders are deployed as a hedge fund boot camp to reveal what he's thinking and why in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week we find Hugh deep in thought and yearning to take macro, commercial. In a world dominated by surging asset prices and the gulf between the haves and have nots, Hugh quizzes Karinna to better understand the opportunity - can we make everything affordable? Ever wanted to eavesdrop on an interesting question? Ever wondered what it would feel like to be grilled by a grizzly hedge fund manager? Here's your opportunity. Nothing is left unsaid, consumer psychology, Cracker - the legendary British tv series - asymmetric reality try-ons. Join us for some trans media storytelling Chaoters: 00:00 Shared Confessions The Pattern Seeker 02:15 Multi Site Villa Rental St Barts 03:21 Good for everyone: creator platform influencer consumer 05:00 One third of the world population are gamers 06:30 Making Everything Affordable 11:25 Trans Media Story Telling 16:00 Asymmetric Reality Try Ons 18:30 The Drop $3.1M in 7 minutes 23:30 $6 Sneakers 28:00 A Sexy Functional Platform 29:30 A Spatial Web in the Metaverse ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Confessions VII: Cheeky Girls & A Golden Nutmeg 1:13:55

۴ years پیش1:13:55

1:13:55

Send us a text Hedge Fund maverick Hugh Hendry and his co-host journalist and author Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund's 15-years of operation, from 2002 to 2017. The boys are using Hugh's monthly letters to clients as a basis to take the audience on a journey into what he was thinking and why he made the decisions he did, in real time. It's the financial equivalent of a gripping true crime adventure. It's also an exclusive look behind the curtain of a Hedge Fund with nothing off-limits. This week they discuss Hugh's decision to start a Hedge Fund, sausage industry juggernaut Devro, investing in gold, Hugh's big play in the market of the spice nutmeg and even reveal who his famous next door neighbour is in St Barts. Weirdly, they even end up talking about Romanian pop duo The Cheeky Girls. It's anything but orthodox. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Chinese Punk with Michael Pettis 1:13:47

۴ years پیش1:13:47

1:13:47

Send us a text I recorded this last summer. I have so much admiration for Professor Pettis. Almost everyone in macro with risk positions in China inevitably must seek out his sage council. I really enjoyed the opportunity to bathe in his wisdom once more. But first, we had to talk about the rock scene in Beijing. Enjoy. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
Negative Vibes - Why the Reserve Currency should go Negative 32:46

۵ years پیش32:46

32:46

Send us a text I try and answer your questions relating to my recent twitter outburst regarding the role of negative interest rates. I explain how the external trading value of the dollar is being held hostage. That the US has lost its exorbitant privilege. Yes, it can still print money, should its private sector banks be willing, however it can no longer lower the external value of the dollar vis-a-vis its trading partners. The mercantilists have gained the upper-hand. I try and explain how negative US dollar rates might represent a valid and rational attempt to free the US from such serfdom. Give me 48 hours and I'll clean up the transcript. And I'm putting together a video montage for my YouTube channel - ever wondered how the Treasury pleading with the G7 would look inside my head? Stay tuned. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
February & March 2003: Massacre of the Beloved 26:07

۵ years پیش26:07

26:07

Send us a text Losing $40m over 2 months. My first rookie mistake - too much risk. Gold approaching $400. It would stay there next 3 years but the shares were going to surge. Everything screamed buy. Except they wobbled first. Survivors dig shallow’er graves - selling my beloved stocks. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
January 2003: How many times can you say sorry? 23:45

۵ years پیش23:45

23:45

Send us a text Gold stocks surging. Fund performance recovers. Explaining the explosive convexity of gold miners. Another hedge fund manager from Glasgow - his family built ships. Nokia a tale of then and now. An unhappy time in Mustique and David Yarrow convinces me to set up my own business. Fund +4.1pc FTSE All Share -9.8pc. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
December 2002: Commodity Speculator Paradise 17:01

۵ years پیش17:01

17:01

Send us a text The gold stocks arrive @ Eclectica A very deep gold mine Buying the WORST in case you're proved correct. Plasticine Macro trader. Barry Callebaut. A party overlooking Red Square with Jimmie, Mark & Nassim. Fund +1.8pc FTSE All Share -6.9pc. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
November 2002: Is there something better than great sex? 12:52

۵ years پیش12:52

12:52

Send us a text 1 Month Eclectica Fund -0.1%; FTSE All Share +0.8% YTD Eclectica Fund -4.9%; FTSE All Share +9.0% What did I do when I discovered Amsterdam commodities ? In my head, the voices are saying, there's gonna be a commodity boom! But it's incredibly hard to find equity exposure because investment banks just present you more of what worked last time. All we could find were strange creatures like Amsterdam commodities: no website, absolutely zero interest in talking to us… That’s why they call it a brave new world… ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

The ACID Capitalist Podcast

1
October 2002: Baptism of Fire 12:27

۵ years پیش12:27

12:27

Send us a text I cry, You Cry. New babies, catching fallen angels, too early for rate cuts. Baptism of fire: launching a global macro hedge fund at the bottom of the bear market. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Substack 👂Listen and 🔥 Subscribe 📺 YouTube 🎧 ...…

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مشابه The ACID Capitalist Podcast

پادکست هایی که ارزش شنیدن دارند

The ACID Capitalist Podcast « » Acid Breath 5 - The Kangaroo in the Wardrobe

فصل ها

1. My Economic Gospel (00:00:00)

2. The Kangaroo in the Wardrobe (00:04:00)

3. Winners Ride High (00:09:12)

4. Beauty and the stock market beast (00:14:11)

5. Nekfue - French lyrical Genius (00:17:12)

6. Nihilism & Microstrategy (00:18:38)

7. Bitcoin Going to a $1million (00:21:43)

8. American Exceptionalism (00:23:14)

9. Joyously Sleepwalking to the Precipice? (00:28:00)

10. The Acid Breath (00:29:53)

Acid Breath 5 - The Kangaroo in the Wardrobe

فصل ها

1. My Economic Gospel (00:00:00)

2. The Kangaroo in the Wardrobe (00:04:00)

3. Winners Ride High (00:09:12)

4. Beauty and the stock market beast (00:14:11)

5. Nekfue - French lyrical Genius (00:17:12)

6. Nihilism & Microstrategy (00:18:38)

7. Bitcoin Going to a $1million (00:21:43)

8. American Exceptionalism (00:23:14)

9. Joyously Sleepwalking to the Precipice? (00:28:00)

10. The Acid Breath (00:29:53)

پادکست هایی که ارزش شنیدن دارند

The ACID Capitalist Podcast « »
Acid Breath 5 - The Kangaroo in the Wardrobe