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Hugh Hendry Eclectica

Feb 5 • 10 tweets • 2 min read

Macro Confessions Part XXV (APRIL,2012) This week I felt a movement in the time-expanse of the financial universe. In a land far, far away, an elderly, wise man of my acquaintance, my Master and Macro Overlord, bore testimony to a prophecy of bad tidings.

This week we set about deciphering the message delivered by the Godfather of Macro, George Soros, and his latest face-off challenge to China's President Xi. Dr Who (or is that Hugh?) gets trippy to ask, are his apocalyptic warnings from 12 years ago now in play?

This week, in the high stakes game of international trade, I 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?

Regrets for being 10 years early? Perhaps, if only I had used the Chinese zodiac. Can the world save China, asks Chris? I answer by using an analogy with the gripping finale of The Squid Game. Short answer, No...

The curious tale of the Brazilian Icarus, Eike Batista, is revealed as well as the Soros Open Society. Just why does America's Right revere Vlad the Blunderer? And will the rubble's gold backing protect the expansive Putin's flank? Not bloody likely!

In probably the best of the series, I travel from the Gold Standard to Bretton Woods and ask, are these 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..?

buzzsprout.com/1017043/100141…

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Soros and the Chinese horoscope are becoming aligned

This is what I had to say in April 2012, ten years ago…I see the global economy grotesquely distorted by the presence of fixed exchange rates, the unravelling of which will create financial anarchy, just as it did in the 1920s and 1930s.

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