It's Friday...are you ready for an epic adventure? If you can peel your eyes away from the closing candle formation on the yield of the US Treasury as it battles an obvious key level, I got a new podcast just out with co-conspirator, @writes_sweeney
Find out why i was channeling The Beatles back in 2005. Paul was sorrowful as the band’s commercial infighting saw them disintegrate just as the French were demanding that their wartime allies send them gold and not all this funny dollar money...gratitude ?
I explain my fear of financial meteors and recount a tale that sees men in kilts wading through pools of reindeer blood…how can you not tune in ??
These are the memoirs of a macro trader - full disclosure, good and bad...never forget that ALL WORK IS AN ACT OF PHILOSOPHY
I explain in toe curling detail, the first time I took a really good hosing; warning, it's shocking. More big currency gyrations. I attempt 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 the Japanese industrial sector. You pay $3k to insure a $1m of junk operational and leveraged blah. Blame Netflix, but I'm fearing a meteor strike on planet "markets" and I'm dusting down some really old convex trades.
If Chinese property is 4x GDP and falls 40% that would be the equivalent of vaporising one third of global GDP. BOOM ! BABY. Maybe Hollywood is right ? Don't Look Up !!
00:01:45 Hugh gets a good hosing...
00:07:30 Making a Raucous amount of Money
00:15:25 Convexity Death Star - Japanese CDS
00:21:00 The Legitimacy of Shorting
00:26:40 Is Apple cheap ??
00:30:50 Money Heist set in the wrong Century
00:36:50 Cultural R.E.M - Are you Tuned In ?
00:55:00 Yen and China - Macro Conjecture
01:02:35 Reindeer Blood
01:05:00 The Curious Case of US Treasuries
01:11:50 Men in Kilts
The irony being that I just lost a subscriber as I wrote this 😂🤣🤣 the impertinent malice of mediocrity boastfully holding up its own emptiness as an abyss to be filled by the bodies of its betters - God! Atlas Shrugged is everywhere #Free Novak
Mike drop...

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More from @hendry_hugh

7 Jan
@ziadaboujamra who cares to procrastinate re Chin property when internet names are already down 2/3rds and my rational side really wants to agree that 60% bears are buying opp.s except I’m old enough to have wasted a decade trying to buy euro / global telcos on that premise
I’ve come to recognise that sometimes, and I promise that its more the exception than the rule, but sometimes stocks are more like a promise struggling to be fulfilled…
That sometimes, fallen angel stocks take on the properties of dead phosphorescence, radiating impotent, borrowed energy. Sometimes…
Read 6 tweets
29 Dec 21
Hey @GeorgeGammon loved our show at the beloved Rebel Basecamp the other week. Check this quote out. Its from a popular book release in 1957 but it resonates so much with today. I thought it might tickle you...it's the pronouncement of a fictional government doctor
"The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws.
But just pass the kind of laws that can neither be observed nor enforced nor objectively interpreted—and you create a nation of lawbreakers—and then you cash in on guilt. Now that’s the system..."
Read 9 tweets
29 Dec 21
@ziadaboujamra asks if I would buy Turkish equities? And with the dastardly Turk authorities now seeking to terrorise fin tweets it's just too much not to comment. Equities are a v functional way of capturing the huge income transfer from WE the people to THEM the corporates.
But buy now? Be cognisant of the flight path. Buying German Weimar stocks was also a v effective profit centre in the early stages of the great inflation. Likewise Turk equitis have worked. But as I suggested in my paper "Dawn of. Chaos" Hyper Infl is a rare & devastating scourge
Turkey is susceptible to a more sustained inflation epidemic simply because its fin assets are such a small % of gdp. The fin system was already broken. Locals didn't trust the monetary power as witnessed by v small deposits/gdp and guvies/gdp. In lira, we the people trust not...
Read 13 tweets
29 Dec 21
It's 1957 and someone writes "We're breaking up the vicious tyranny of economic power. We will set men free of the rule of the dollar. We will release our spiritual aims from dependence on the owners of material means. We will liberate our culture from...
...the stranglehold of the profit chasers. We will build a society dedicated to higher ideals and we will replace the aristocracy of money by..."
It's left deliberately blank !! but to me it reads like the typical BTC tweet,
"we the people, we're going to replace the aristocracy of money by bitcoin... "
except back in '57 it wasn't meant as a badge of honour. More the blasphemy of the moochers and the leachers??
Read 5 tweets
24 Dec 21
I'll tell you what's happening, it's time for another session of Macro Confessions and I welcome back the boundless wit and curiosity of @writes_sweeney
Read 15 tweets
18 Dec 21
I'm still buzzing from yesterday's podcast episode with Angus Fletcher, professor of mushrooms...hope you have time to check out our Hedge Fund Masterclass -Creativity
It's on all the podcast platforms.
Post your feedback here...or on my instagram page for hughhendryofficial
I'm indebted to Angus for expanding my library of nonsense terms; I feared it was running empty from overuse...but now I'm ready to cast off again into a world of new adventures. I'm a narrative warrior. Yes, my PLAN A's are often wrong...
Read 7 tweets

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