BREAKDOWN: Joe Rogan for Fed Chair! Feat. Hugh Hendry
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 11 August 2020
⏱️ 70 minutes
🧾️ Download transcript
Summary
A former hedge fund manager and financial dissident gives his take on what ails the U.S. economy and why the Federal Reserve should be more, not less, irresponsible.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today on the Brief:
- A public company has switched $250 million in cash reserves to bitcoin
- The latest in the vaccine rumor trade with Vladimir Putin’s propaganda play
- Hong Kongers use the stock market to protest
Our main conversation is with former hedge fund manager Hugh Hendry.
After a few years of focusing on a “volatility at the end of the world trade” in property development in St. Barth’s, the constant contrarian Hugh Hendry has returned to the macro world in a big way.
In this conversation, we discuss:
- Why Hugh left macro, and why he came back
- How he lost three years being angry at the Fed
- How he came to be bullish on equities in 2012
- How money managers become trapped by narratives
- Why the Fed should actually be less, not more, conservative
- Why we need someone like Joe Rogan as Fed chair
Find out guest online:
Website: hughhendryofficial.com
Twitter: @hendry_hugh
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:49.7 | I massively increased the spigot. |
| 0:52.2 | I just pumped dollars into my economy. And therefore, |
| 0:55.5 | isn't the consequence of that would be that the price of a marginal dollar unit would fall. |
| 1:00.9 | But the weird thing is that since you've been doing this, each marginal dollar that you produce |
| 1:06.1 | is becoming more valuable. So your heart's not in it. I kind of reason that perhaps the Central Bank just |
| 1:12.4 | were asking it to be really, really irresponsible. And these guys were not made to be irresponsible. |
| 1:19.9 | Put me in charge her like Joe Rogan, you know, a caricature. It's a game of psychology. |
| 1:24.9 | If you can get in people's minds and make them think differently, you change history. |
| 1:33.3 | Welcome back to The Breakdown with me, NLW. |
| 1:37.4 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:43.3 | The breakdown is sponsored by crypto.com, Bitstamp, and nexo.io, and produced and distributed by CoinDesk. |
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