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Dec 3 • 7 tweets • 2 min read
🚨 🚨🚨 The Collapse of Three Arrows Capital: Part I with Kyle Davies 🚨🚨🚨
This week we have a fallen angel or maybe that should be a broken arrow ?

Kyle Davies will forever be associated with flying too high and crashing to zero in the crypto catastrophe of 2022. He wanted it all and he wanted more.
This is the story of yet another credit bubble that elevated Mice and eviscerated Men until at the end lenders simply begged you to take their money.

And Kyle was the whale. He had the audacity to pass himself off as a hedge fund.
He levered up to 4 yards. He was the recipient of all that newly minted credit and boy he sprayed money everywhere

Hell crypto was going to the moon This is a story of audacity and breathtaking system wide incompetence.
For when you break money, you break mens’ minds Many will judge the man, I just think it’s a fascinating story of myth and mischief, so pull up a chair and tune in…
Watch here:
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More from @hendry_hugh

Hugh Hendry Eclectica Profile picture
Nov 30
Hey Guys, I’m presently lost in MIA - check out my adventures here instagram.com/hughhendryoffi… but it looks like you’re all digging this week’s show. Much gratitude for your comments
Lacy graced us with his presence. Apologies to those who felt I was perhaps too agitated, too interfering, but left alone, you may as well read a teleprompter - the best way is a free flowing engagement - failing that, you just got to rip it up sometimes
Money makes the world go round. It fascinates me, less so it seems those charged with its regulation. For me it’s a super highway of gushing credit creation. Innovative, unregulated pedal pressed to the metal, subject to wild gyrations; what’s not to love!? Honey, razors..,
Read 10 tweets
Hugh Hendry Eclectica Profile picture
Nov 12
This is happening Image
OK, we are finally live from an old school location here in st barts. The premier is happening now here
If you could please be so kind as to tag me and well hack their engagement rules and I’ll pour over your most welcome comments
Read 4 tweets
Hugh Hendry Eclectica Profile picture
Nov 10
Investment tip - i keep my shortcuts to myself, but listening to great music and being curious about now are strongly recommended…
I was in Ireland for @kilkenomics and i got to tell you that Irish punk is dope and the Fontaines DC are incredible. Hurricane Laughter? That’s where markets are right here, right now. And to quote the boys…
None can pull the passion loose from youth's ungrateful hands
As it stands, I'm about to make a lot of money
_________
None can revolution lead with selfish needs aside
As I cried, I'm about to make a lot of money
__________

I stayed in bed and I could hear Hurricane Laughter
Read 4 tweets
Hugh Hendry Eclectica Profile picture
Nov 6
Pity no filming @kilkenomics. The sparks flew on the China Domination ⁉️ panel.
Varicose veins @yanisvaroufakis the ex Greek Fin Min. He’s probably never heard of me. Probably thinks I’m disrespectful. Been trying to get him on the show; no chance his crew say…😂
Read 18 tweets
Hugh Hendry Eclectica Profile picture
Nov 3
Inflation is a monetary phenomenon. Today’s inflation does not belong in that category. I’m tending to the past tense, it belongs to the pandemic supply disruption. Higher rates resolve nothing in this context.
Paradoxically, where inflation has revealed itself, it is a monetary phenomena. I’m thinking asset prices. I don’t suspect by design, but higher rates in this theatre are v effective. I think of the $ trend as the inverse of collateral based credit creation, money getting tight
The BoE stated that UK set for the longest recession - so why rate hikes ? What do the 9 members of the rate committee know that we don’t ? I’d venture v little except they perceive our world with outdated models
Read 5 tweets
Hugh Hendry Eclectica Profile picture
Oct 28
Before I forget, like last week, a big thanks to the wonderfully lucid analysis of @M_C_Klein who partnered with the top dog of global trade @michaelxpettis to produce the wonderful Trade Wars Are Class Wars…a must read book and who joins me this week podcasts.apple.com/gb/podcast/the…
I swear that nobody gets the economic situation today. The Chinese government robs its household sector of wealth, forces them to over save to provide the State funds for infrastructure and the corporates for subsidies and investments
It then transfers trillions of dollars into the US Treasury market. Implicitly it’s saying, « we dont trust our citizens to spend wisely, we’d rather you did it for us, create demand for our export machine »
Read 25 tweets

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