UMP Episode 18: How The Economy Fundamentally Broke During The Great Financial Crisis & What Lies Ahead with Hugh Hendry

In this episode, we are joined by Hugh Hendry, retired hedge fund manager and the creator of the ACID Capitalist Podcast. Hugh shares with us stories from the Great Financial Crisis of 2008, and what it was like to see the economic storm clouds brewing, place bets, and ultimately profit from the downturn. He explains why the Federal Reserve is wrong to tighten policy today and is running the economy into a recession. We learn what fundamentally broke in the economy during the Great Financial Crisis causing the “silent depression” from 2008 until today, and what Hugh would do to fix it. Ever wondered about the true nature of quantitative easing? Hugh exposes the myths and labels it as mere propaganda. Hugh then shares with us how he would invest a $1M portfolio today and explains his rationale for owning stocks, bonds, bitcoin, and much more.In 2002 Hugh Hendry founded Eclectica Asset Management, a global macro hedge fund with nearly $1B in assets under management. Hugh ran Eclectica for 15 years before retiring in 2017. These days, Hendry is a luxury hotelier on St. Barts, where he spends his time surfing and still thinking about macro. He also hosts a weekly podcast called "Acid Capitalist" and shares his views on Instagram, Twitter, and Substack.FOLLOW HUGH HENDRY: - Website: https://hughhendry.com/- Substack: https://hughhendry.substack.com/- Twitter: https://twitter.com/hendry_hugh- Youtube: https://www.youtube.com/@HughHendryOfficialFOLLOW THE SHOW: - Understanding Macro Twitter: https://twitter.com/UMacroPodcast - YouTube: https://www.youtube.com/@UnderstandingMacroABOUT THE SHOW: Welcome to the Understanding Macro Podcast, where we explore the intersection of technology, macroeconomics and financial markets. Each week we aim to bring you thought-provoking conversations with our expert guests or introduce you to new concepts to help make you a better-informed investor. Whether you’re just a finance nerd like myself, a seasoned investor, or simply interested in how the macro economy affects your daily life, Understanding Macro has something for you.  **Nothing in this show is intended to be investment or financial advice. This content is for entertainment purposes only. Please consult a financial advisor before making any investment decisions**.  #investing #finance #bitcoin #economy