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Hugh Hendry Eclectica Profile picture
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17 Nov, 4 tweets, 1 min read
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 trapped.
How the US has lost its exorbitant privilege..yes, it can still print money, should its private sector banks be willing to do so. 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 abolish the US from such serfdom
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More from @hendry_hugh

Hugh Hendry Eclectica Profile picture
19 Nov
Hey @RealVision crew! Cycles turn. Rewind to 1981, Fed rates hit 20pc in March. Inflation was 10.9pc. Everyone knew policy was incredibly tight. Inflation was falling. What happened? Bonds got slaughtered. US T yields finally peaked, prices bottomed, round year end at 15.8pc.
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Everyone knew this was nuts. But like monkeys, too many bottoms had been picked...and the psychology was forboding. That’s what great turning points do to you. You find yourself at war with your own imagination.
Read 9 tweets
Hugh Hendry Eclectica Profile picture
12 Nov
1. Curiosity is different for every person. For some its hate, or joy or fear or jealousy or torture. For me it's peace, it's everything. It's rock, it's roll, it's Nat King Cole...
2. But then I'm probably a sociopath. To some i'm charismatic to others i'm aggressive. I don't make long term plans and i rarely feel empathy.
3. But sometimes i can feel the future. I hope you enjoyed my super long thread on why the US is being held hostage by other sovereign nations. Unable to devalue the dollar and correct for decades of deficits. An exorbitant privilege ? Give me a break...
Read 11 tweets
Hugh Hendry Eclectica Profile picture
12 Nov
If i could only get higher, I’m sure that I could see @RaoulGMI . He’s got to be out there, somewhere...
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Oh boy you @RealVision guys are gonna be gunning for me when that interview comes out. But watch out cause I’m gonna read all your comments. Hey! I even wore a shirt! Pity. about the buttons...but Tinseltown is in the Rain
Read 4 tweets
Hugh Hendry Eclectica Profile picture
10 Nov
1. I tell you what's happening - I'm having one of those days. All set to @RealVision a major hedgie, the guy cancels with an hour to go! Lame to cite trading fatigue. Just how many right decisions do you expect to make in a day? And he's a $ bear and the $ is on its ass.
2. in the bad old days, as my Fund was careering to its end, I remember holding interviews with the legendary @ttmygh and @EricSTownsend and no one was the wiser about my imminent demise. Macro has always been about double or triple parallel plays. Whatever...
3. I was going to ask my prancing tiger how the $ could go lower from here without official US Treasury endorsement? Otherwise, I think it has largely run its course. I know you all cite the exorbitant privilege to print $ money, limitless seignorage, but I don't see it.
Read 25 tweets
Hugh Hendry Eclectica Profile picture
10 Nov
@threadreaderapp I tell you what's happening - I'm having a bad day. Set to @RealVision a major hedgie, the guy cancels with an hour to go! Lame! to cite trading fatigue. Just how many right decisions do you expect to make in a day? And he's a $ bear and the $ is on its ass.
In the bad old days, as my Fund was careering to its end, I remember holding interviews with the legendary @ttmygh and @EricSTownsend and no one was the wiser about my imminent demise. Macro has always been about double or triple parallel plays. Whatever...
I was going to ask my prancing tiger how the $ could go lower from here without official US Treasury endorsement? Otherwise, I think it has largely run its course. I know you all cite the exorbitant privilege to print $ money, limitless seignorage, but I don't see it.
Read 25 tweets
Hugh Hendry Eclectica Profile picture
2 Nov
Over on my instagram account I’m asking how many of you actually have a means of systematically listening to your heart rate and responding to its feedback everyday? But i have to warn you that there is a serious risk that i maybe tripping on day 7 of my juice regime...
But let’s return to the heart of the matter cause I listen to it...The darn thing beats 2 billion times per lifetime, sometimes more, sometimes less... and we do what? We ignore it - more concerned about another organ - wink wink.
Ignorance is bliss? Hmmm...Everyone that runs past me has a strap protecting their knee cause it’s not natural - not to listen to your heart - it’s not natural. And i have to walk when I’m sure i could keep on running further. Humbleness sucks...but cycles are the boss.
Read 16 tweets

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