Hugh Hendry: Global Economy Is in Era of Policy Errors
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- čas přidán 22. 06. 2023
- Eclectica Macro founder Hugh Hendry discusses central bank monetary policies and his outlook for China's economy, gold prices and Bitcoin. He speaks on "Bloomberg Markets: European Close."
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I love that every time Hugh comes on, there's always a new character trait added since his last appearance.
😂
good stuff Hugh.
I like this guy he's honest and blunt...
There are some obvious problems:
1) awful unskilled leadership, especially in Europe.
2) self inflicted wounding with energy sanctions that anyone could see would backfire on energy dependent economies.
3) warmongering expense, wars are always both expensive and inflationary.
4) massive accelerating government debt. UK for example has 500,000 full time civil servants. The other layers of government are additional. Are all the many highly paid EU offices a justified administration expense?
5) EU creating hard trade walls forcing the world to look for other solutions such as BRICS.
6) Rushing into Green without a full understanding of it's REAL costs.
Interesting what he says about gold and bitcoin. Personally I can't see bitcoin amounting to anything more than boutique money (which this guy confirms by saying it's value shoots to 1.5 trillion - peanuts in the grand scheme of things), and for gold to triple we would have to be in a nuclear exchange kind of war.
We are on the door of hyperinflation in the U.K. Bailey is trying to prevent it
Hugh U freakin beauty
This dude is completely correct. He is extremely smart. China uses it surplus to buy US treasuries and prop up our debtor government. They also don't allow their currency to free float. End result is artificially higher asset prices (but not wages) in the US which creates a greater divide between the haves and the have-nots.
To be precise, you should blame US fiscal and monetary policies. One is in charge of wages and the latter is assets price. The Fed need China to hold US Treasury as the largest settlement of trading partner. Dont politicize everything like China is the only US trading partner. China made up 20% of global trades
what makes u think china's gonna allow more US goods to be sold? His assumption is US can sell stuff into china when the fact is cost of labour is so cheap in china that US cant compete
He’s always looking like he’s on cid
First
❤ HH 🚀
hes probably on some funny stuff
Boycott made in China then let's gooo
China di totoo ang bilang nang population nito. Buti pa india dahil totoo. Isa pa no need how much the population para mag import and export.wala kwenta yan sa market if business economics is dying in dept and dying bcz no more customers. Think that for the GDP that u saif mr.
Kaya nga sinabi nang worldwide saling inport and export dont ply and stay in one country. So why i use the network to sales to all. And the fed he focus to help all the businesses to help all the business man para masiguro na tuloy ang factory kasi walang kwenta ang lahat if factory's is closed at lahat mag sara dahil walang bibili sa kanilang producto dahil sa problema sa currency. Ayaw nila nang dollars at yan mga president nila. Mga negosiyante gusto nila ang dollars kasi magagamit nila ito investment kung saan nila gusto na bansa. So try and stop to question about this. Alam ko gusto mo isaayos ito kasi ikaw din investors ka nang pabahay sa china so. Pasalamat ka nalang kahit panira ang china diko pinapasara ang market network sa kanya.
This guy is on drugs and has been wrong repeatedly on his calls. He might be a good at analyzing the macro from certain prespective, but there are too many variable for him to trade against, hence not a great trader. I am sure taking weed is not helping his mental capacity either.
Nonsense.
From the bginning of the COVID epidemic a robust, long-lasting stimulus was given. Dealing with the aftereffects later was a deliberate choice
The simulous worked. Its costs are know and accepted. Higher debt load and a subsequent period, pwrhaps 3 years of increased inflation and monetary and fiscal withdrawal.
We are about 3 years into a very successful 5-6 year plan to respond to a worldwide epidemic.
WE CAN GO INTO THE GYM IF YOU WISH
I like the AI generated blonde in red.