Hugh Hendry On Why The World Still Can't Get Enough Dollar Assets
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 31 March 2022
⏱️ 47 minutes
🧾️ Download transcript
Summary
For years 15 years, Hugh Hendry ran the hedge fund Eclectica Asset Management, earning a reputation as a provocative and contrarian thinker on the entire state of the world economy. These days though, he's living in St. Bart's, surfing, and managing luxury properties for the richest people in the world. But of course, he can't stop thinking about macro. On this episode off Odd Lots, Hendry joins Tracy Alloway and Joe Weisenthal to talk about Europe's big energy mistake, China's property troubles, and why even after all this time, the world can't get enough dollar assets.
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| 0:49.3 | Hello and welcome to another episode of the Adlots podcast. I'm Joe Wyzenfall. |
| 0:54.8 | And I'm Tracy Alloway. One of the questions, and of course, that I would say in part, |
| 0:59.9 | due to one of our recent episodes, the people are debating is the future of the dollar. |
| 1:06.0 | Right. And of course, people love to debate this far entire |
| 1:08.8 | live. People don't know this, the dollar doomed. Just the UN going to replace it. It's going to |
| 1:12.8 | be replaced by gold or Bitcoin or something. But with the sanctions, with Russia's loss of it, |
| 1:18.4 | loss of its effects reserves, I feel like this is a, this debate has gotten new energy. |
| 1:23.5 | I distinctly remember my dad sending me articles about Iraq switching to euros for oil |
| 1:29.2 | payments from many, many years ago. So yes, this is an ongoing debate, but you're entirely right. |
| 1:34.8 | New life has been breathed into it. And you know, most recently, we're recording this on March 24th. |
| 1:42.0 | And just yesterday, we saw Russia saying that it was going to start to demand gas payments |
| 1:46.8 | in rubles. So there is, there are things happening on this front. But even something like that, |
| 1:52.9 | you see people portray it in two different ways. So on the one hand, there are people out there |
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