I can't tell you how much pushback we got between 2005 and 2008.

Here we are, publicly out there, saying that we have headline letters, beware of bank

sparing gifts, talking about why is the Federal Reserve not taking away the punch bowl and

instead stoking it.

And we got tremendous pushback from people saying, you don't know what you're talking about,

you're not economists, you don't understand anything, you're really, you're being very

disruptive and very stupid.

Hi everyone and welcome to another edition of My Life in 4 Trades.

Joining me today is Paul Hodges, the chairman of new normal consulting and author of the

popular financial report, the pH report.

Enjoy the conversation.

Hi Paul, how are you?

I'm well, thank you very much Maggie, yes.

Well we're so pleased to have you on My Life in 4 Trades.

Yeah, thank you.

Before we jump into your trades, why don't you tell us a little bit about your background,

where did you go up and what was childhood like for you?

I grew up in London, England and I went to school there, then I went up to university

and came back to London to work again.

It was a fairly traditional kind of behaviour.

And then I joined a couple of NGOs working on world development and then I joined what

was then the UK's largest company, ICI, formally known as Imperial Chemical Industry because

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