Its been fascinating watching Hugh morph from a bear pornographer to raging bull. I do believe he’s banned from CNBC Europe, however, as I haven’t seen him there in years. Maybe it has something to do with this performance.
Hendry is getting some press at BBG this morning, fading the view of Kyle Bass and his “kill China” thesis.
If you enjoy the content at iBankCoin, please follow us on Twitter“It would be profoundly silly,” he said. “Our lives, every member of this room’s life would change dramatically,” he added. “Chinese people are becoming wealthier and they’re spending. To have a 20 percent devaluation strikes at the heart of that policy.”
“The PRC is a one-party state governed by the Communist Party” Authoritarian governments are not exactly known for preserving the real value of their currencies, something Hugh Hendry is surely aware of. From the video you linked, looks like he lost it in more than one way. It is not to much to call him a contrary indicator…then and now.
Is it too much to call him crazier than a shithouse rat?