I know you think this is fanciful, and for sure I won’t argue, but hear me out just a little longer. I promise I’m nearing the end. Let’s talk about me. Like the film, The Truman Show, I’m an investor living inside my investment. Weird, huh?
To the un-initiated, my Vol @ the End of the World Trade is to own client financed, one-of-a-kind, real estate on the tiny island of St Barts, funded by €uro matched, fixed, 20-year money at 2 or less percent.
Recently my phone has never stopped ringing. It’s my French bank; they called to ask whether I wanted to defer my payments for 6 months? Those friendly officials from the French government are keen to help-out. God bless them…of course, I accepted their generosity.
Last week, same thing. It transpired that officials from the Treasury had put their heads together and come up with another great idea. They could propose an interest-only 5y loan equivalent to 20pc of my outstanding debt. Is that something I might be interested in? You sure bet!
The political centre ground is collapsing under a systematic ideological failure to forgive the banks. The malaise of the banking sector is preventing the cyclical propensity of GDP to rebound and deliver prosperity to the many.
Centrists must resolve their own moral hazard or face extinction. Make Banks Great (again)! Give me a call at hughhendryofficial
