The ACID Capitalist Podcast Acid Breath - The Deal - 8th October 2025
Oct 9, 2025
In a gripping analysis, the host dives into the Philly Fed’s unexpected insights amidst the chaos of a shutdown. He paints a vivid picture of Stephen Miran's theory on population shocks, revealing their quick impact on jobs and rents. Amidst discussions on tariffs as an industrial remedy, the complexities of the Fed's Kobayashi Maru dilemma are explored. Global capital flows and the potential for a US-Japan equity deal are scrutinized, wrapped up with practical trading advice. Humor and irony breathe life into the macroeconomic narrative.
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Origin Story Of Reckless Curiosity
- Hugh Hendry recounts childhood scenes from Glasgow and Malta to illustrate his lifelong appetite for escape and risk-taking.
- He uses these memories to explain why he pursued markets and the ritual of Acid Breath each night.
Storms At Blanc Bleu
- Hendry describes a violent tropical storm that shook his house in St Barts to set a mood of nature's unpredictability.
- He uses the storm as a metaphor for the macro gods and chaotic market forces.
Regional Beats Are Whispers
- The Philly Fed diffusion index beat signalled modest regional factory strength but not a macro roar.
- Hendry treats small regional beats as market-affirming whispers rather than decisive evidence.