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"I would recommend you panic."
- Hugh Hendry
Dark bird, bitchez!
"Wise man say, you do not invest in overcapacity"-Hugh Hendry
HUGE Hendry for the Bitchez!
Would love to see him on US CNBS against the dummies!
Hendry is usually too early, but in this instance his timing was excellent.
Well, well. Huge Henry had a hugh year.
This is payback for how many times I've seen 'huge' spelled 'hugh' on the internet. I feel better now.
'Hendry is usually too early . . .'
Famously so. In fact, he's commented about it publicly, so he must be painfully aware. Looks like he finally figured out a happy medium. 52%!
China, the sinkhole of earth. $kam nation game planet. Good job shorting the hole!
The problem with Europe, is too little debt, not too much.
I propose that the EU print more fiat and really run up the debt levels.
how much does he manage, I wonder. Very impressive, regardless!
Not an enormous amount - less than £300m IIRC.
I met him back in Jan and had a chat about his 'China' fund, which seemed to involve nothing much more complicated than going about 8x levered on a basket of low-cost Japanese CDS (e.g. Tepco).
His take was, if something bad happens we'll make a lot of money; if not our investors will lose about 50% over 5 years. Two months later and BOOM: earthquake, tsunami etc.
Better lucky than good (though there's no doubt he's very, very good).
How much of this was due to Japan's problems this year?
Kinda curious about his bet on China through Japan. If I remember right, he stated that since he couldn't/wouldn't bet directly on chinese companies, he would do it indirectly through Japanese industry. Japanese companies were directly exposed to Chinese fluctuations, but I couldn't remember what exact sectors he mentioned (steel and commodities, I think?). Would be curious to know what companies/industries he bet on, more to see what got damaged by the tsnuami aftermath and what actually got banged by China.
bernard madoff must be pround of him
The only reason I'm rooting for him is because he says what he thinks when he's on the tv unlike most of the other braindead zombies.
He never had alot either...and one day said "fuck it, i can do this"
Nice one mr Hendry! So, working hard to dig the dirt in order to find great opportunities outside the reach of the "safe" consensus groupthink lemmings mongering in TV abt how equities will always and everywhere go only up can really pay off.
Hendry truly has been the Cock of the walk this year!
The Eclectica Absolute Macro A GBP Accumulation Fund has...
An ETFS Physical Gold [LSE] holding of 6.88%
I thought ZeroHedgers thought Gold ETFs were a strict no no? No?
Any advice on how to mimic this with thousands?
I have the Japan Bond ETF's on watch, but China seems much more timely.
what is the symbol for the japanese bond etf
JGBS is the -1x. JGBD is the -3x. Timing is everything with Japan.
Both are illiquid with wide spreads.
Thanks for pointing those out.
I'll have to put the 1x on the radar.
just on a note you do know the 3x funds are have major flaws in their construction they are pure decaying assets
I agree. The -3x was for information. Timing Japan is impossible and -3x as you correctly pointed out, rape the holder over any decent holding periods.
Been wondering the same thing ...
Hendry does have a mutual fund (http://www.eclectica-am.com/fundlist.aspx?target=fundlist)
Put your money in CDs.
If I were that bored, I'd buy a couple pounds of gold and be done.
Way to go Hugh! Don't accept the CNBC invite!!
I'm long on the Liesman anti-waste size index.
Once China tied its ass to the USD, they screwed themselves. Short term gain, long term pain. The more they wriggle, the stucker they get.
Bernanke owns your tiny little Chicom soul, bitch.
Thanks for the honest discourse, Hugh.
Bernanke must be pround he made the record of walmart slaves and food stampers in the history of US.
China is Ok with that Long term pain if it can make US into a 3rd world hellhole in progress.
Br'er Rabbit fights the tar-baby (who's gonna win?) :>D
Another pair of Bears discussing MFing Global and the OTC market--allegedly.
Glad to see he is doing well for his clients, since he bases his investment decisions on logic and not hope and the belief in financial wizardry.
Will be interesting to see if they let the Dow close below 12K today.
I have tried to share with you people.. but no one wanted to hear it.. and that is going back before Hugh was on YouTube!
I am still angry from 2007 when then President Bush would not let us bring back cash!
How is Traxis Partners doing?
Barney Frank's been "head down hard at work" too ? He's also been butt high in the receiving line !
Short VALE Bitchez!
China's economic is going to stagnate sooner or later. You can't have 10% growth to infinity. Sooner or later that kind of growth is going to collapse into more reasonable levels. Now can China's social system handle 4-5% growth levels without imploding? That is a key question.
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