May 9, 2024· 48 min

Hugh Hendry on the "Terrifying" Yen Move, and Risk of "Mad Max" Deflation

Hugh Hendry

Orality

Model

82%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(1,774 words)

M:29%

HostJoe Weisenthal(1,355 words)

M:29%

GuestHugh Hendry(5,953 words)

M:94%

Oral Indicators

Agonistic25%

very, massive, obviously

Engagement93%

you, our, your

Memory Aids100%

listen, now, like

Repetition100%

like (196x), it's (88x), know (79x)

Parallelism72%

And I'm Tracy Alloway...., And as an American who, you kn..., So first of all, the idea that...

Sound Patterns100%

156 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases6%

you know what, i mean, the thing is

Literate Indicators

Hedging7%

could, probably, might

Passive Voice3%

are manufactured, was called, is convinced

Abstract Nouns17%

investment, question, investigation

Subordination8%

because, while, although

Sentence Length22%

Avg: 10.6 words/sentence

Word Complexity44%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style7%

914 personal pronouns found

Descriptive Style56%

organizationally, technologically, competitively

Description

Hugh Hendry says the world is brimming with risks right now, from Chinese deflation, to the strength of the US dollar, to unrealized losses in US Treasuries held by the bank. In the new episode of the podcast, we speak with the former manager of the Eclectica hedge fund, who now writes and operates under the Acid Capitalist branding. Hendry, who now resides in St. Bart's, says that the most important story in the world, and for as long as he's been in markets, has been the rise of China, which he sees as inflating asset values all around the world. Specifically, he sees a broken model, in which the country's GDP grows rapidly, but domestic investments and household income don't keep up. He warns of a risk of a yuan devaluation, as the country seeks to maintain its export drive which, he warns would create "Mad Max" deflation. He also talks about the "terrifying" drop in the Japanese yen, and the unusual situation by which the US is one of the world's growth leaders. See omnystudio.com/listener for privacy information.

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