The ACID Capitalist Podcast Acid Breath - Kobayashi Test -7 October 2025
Oct 8, 2025
With the government shut down and key economic data missing, the markets are left guessing. Regional banks are merging out of desperation. A trillion dollars might flow from emerging markets into dollar stablecoins, highlighting a shift in power dynamics. Japan faces a 40% yen decline, placing it in a tough policy bind. Amid this chaos, crypto and gold emerge as surprising safe havens. Hugh presents a provocative view on corporate nostalgia versus modern economics, leaving listeners with more questions than answers.
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Fed Flying Blind From Data Blackout
- The Fed is effectively flying blind with key US data offline due to the government shutdown.
- Hugh Hendry warns this uncertainty makes markets guesswork, amplifying risk despite apparent calm.
Comerica Memory From Early Career
- Hugh Hendry recounts his early career at a UK pension fund and the decision to buy Comerica, which later performed strongly.
- He uses that memory to illustrate how patient, long-term holdings can unexpectedly reward contrarian choices.
Rehab, Routine And Provocative Voice
- Hendry shares lifestyle changes during rehabilitation and training as context for his mindset and speaking style.
- He uses this personal background to frame his contrarian, provocative commentary on markets.