Hugh Hendry on CNBC Europe June 30, 2009 (35min.)

[LargoWinch]

Hugh seems to be confused between deflation and disinflation, but who can blame him? They all do.


Summary of his calls/comments:

- Bullish on the long bond.

- Believes in another downturn in equities followed by "massive printing" which would then lead to inflation: Ka-Poom anyone?

- Bearish on Real Estate

- Bearish on Gold (short-term)

- He thinks the FED is not doing enough (I disagree here)

- He points out that Japan debt to GDP increase from 40% to 200% is the proof that the process is not inflationary (I disagree here again)

Total runtime: 35min. Approx.

[Jim Nickerson]

Re: Hugh Hendry on CNBC Europe June 30, 2009 (35min.)

If one likes Hendry, then these videos provide the "fix."

Thanks, Winch, for finding and posting.

Great thing about them, the potential BS from hosts seems to have been edited out if it existed.

[FRED]

Re: Hugh Hendry on CNBC Europe June 30, 2009 (35min.)

He points out that Japan debt to GDP increase from 40% to 200% is the proof that the process is not inflationary.

Surprising to see an analyst of his stature make this mistake. Japan contributes 21% to the world's capital flows while the U.S. extracts 75.5%.

The mother of all accidents waiting to happen

Source: IMF