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Not sure where you are getting this "he has lost so much money from". He HAS underperformed though. https://www2.trustnet.com/managers/factsheet/hugh-hendry/utoeic/u/00000017po/

There maybe a wide range of products but not a wide range of opportunities. Most global macro guys are clustered in the same trades. Trend followers have the opposite problem. They are usually in many trades at the same time. The problem there is the bad ones usually offset the good ones in...

That's not true. Global macro guys have historically had very little correlation to passive equities.

Thats not what they are there for. They are an asset class like any other. You own some real estate, some gold, some equities and whatever else. Wealthy people like to be invested in diversified non correlated assets. They are willing to put up with sub par returns since it might only...

https://www.macrobusiness.com.au/2017/09/hugh-hendry-shuts-eclectica/ This is an excellent summary of his thoughts and I for the most part agree with them. It's well worth a read. I won't paste the whole thing here but this part is pretty blunt and to the point: "But it is bad news for me...

Jim Chanos is still short China and has made some compelling comments at the Delivering Alpha conference about it. He said relatively speaking, it has performed better then other shorts in his book. He has reduced his short exposure there some but still maintains his thesis.

Actually no. Here is what Hawaii did: The bill, HCR 89, directs the government "to convene a basic economic security working group," a request that can be seen as the first tangible step toward a US basic income program.

Yup, still dry (for now). Everyone else is underwater. Not over yet. Three more days of rain coming.

Not a lot of good books. Very elementary. But there are some great academic papers if you are a little mathematically inclined that provide a very thorough background. And best yet, they are free, just use google.

OK, so here is where I think the breakdown is. And again, the same ole disclaimer, that all sides fall victim to this. When you see polling data, too often times, both sides use this data as an argument for why they should radically propose certain policies. Let me give me examples that you...

No sorry. This is not a false equivalency issue. This has more to do with psychology. All groups throughout history believe they are being persecuted by others they don't agree with. It's a natural and actual quite normal human tendency. Most people believe their ideology is the "right"...

You obviously don't know what Sharia law is but that's besides the point. All political ideologies think they are living under an authoritarian regimes when the party in power is not their own. That is not unique to you. Under Obama I heard the same rhetoric from the right. And again, with...

Oh for fuk's sake. Leave already. I've really grown to hate these so called Americans on both the right and the left that act like prima donnas about how much they hate living here. Under 8 years of Obama I had to listen to how outraged the right was to live here under Sharia law (their...

This has been going on for awhile. LNG spreads are shit right now. Everyone is praying for an ice age this winter.

If war broke out with North Korea it absolutely could happen.

Most of Brent's supply is sitting in tankers. If war broke out in the pacific all transatlantic and transpacific shipping routes could get closed. The arb from WTI to brent is predicated on getting molecules from the Gulf to the North sea. If those routes get closed, then the arb closes and...

If you read the entire article above it's actually a pretty well thought out thesis. For the record, Brent is much more vulnerable to an upside move then WTI.

Zany that bet expired 7/4/2017. We actually made a new 52 week high after your call. Still looks like a range bound trade to me. But I told you in another thread, i'll buy you a steak either way when I'm in Chicago again. Let's leave this thread to Rearden's market calls.

Hey Rearden, did you ever start trading bitcoin?

Geez, do I need to set up a self help group here for 30 day NL victims. :)