Skip to content
Artwork for The ACID Capitalist Podcast
The ACID Capitalist Podcast ยท March 27 ยท 44 min

๐šŒ๐š˜๐š—๐šœ๐šŽ๐š—๐šœ๐šž๐šœ ๐š‘๐šŠ๐š•๐š•๐šž๐šŒ๐š’๐š—๐šŠ๐š๐š’๐š˜๐š—.

Send us Fan Mail fourteen basis points. thatโ€™s the kind of move that gets treated like prophecy on financial television, dressed up with solemn voices and โ€œsticky inflationโ€ metaphors. i'm not buying it. from an apocalypse now rant delivered with a traderโ€™s eye, i lay out a brutal macro investing filter: markets donโ€™t move because someone โ€œfigured it outโ€ they move because people act, react, and mis-price risk inside a chaotic system. if you want clarity, you need distance from the noise and a refusal to outsource judgement to institutions that keep revising their story after the fact. i dig into the federal reserve meeting, the obsession with decimal points, and why wall street canโ€™t admit when nothing has happened. the ten-year us treasury yield becomes the lie detector. if bonds barely move, the โ€œbigโ€ data is often just theatre designed to keep trading active and fees flowing. we also pick apart inflation data like ppi, not to worship the numbers, but to show how over-zooming turns randomness into false urgency. then i take the same lens to china. when industrial production and retail sales are labelled as beats, the narrative machine instantly declares โ€œchina is backโ€. my response is simpler: show me the yield. if chinaโ€™s ten-year yield stays below 2%, the bond market is signalling deflationary drag and fragile confidence, not a clean growth comeback. i close with the real-world stakes of this abstraction and the one takeaway i keep coming back to: watch price, watch behaviour, ignore the rest. if this sharpened your thinking, subscribe, share the episode with a friend who loves macro takes, and leave a review. whatโ€™s your personal โ€œtruth testโ€ market price that you trust more than headlines? Support the show โฌ‡๏ธ Subscribe on Patreon or Substack for full episodes โฌ‡๏ธ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial โญโญโญโญโญ Leave a five star review and comment on Apple Podcasts! ๐Ÿงข Hats & Merch ๐Ÿ“ธ Instagram ๐Ÿฆ Twitter / X ๐Ÿ“ฉ Substack ๐Ÿ‘‚Listen and ๐Ÿ”ฅ Subscribe ๐Ÿ“บ YouTube ๐ŸŽง ...

0:00-44:53

transcript

No transcript โ€” this publisher did not publish one.

show notes

Send us Fan Mail

fourteen basis points. thatโ€™s the kind of move that gets treated like prophecy on financial television, dressed up with solemn voices and โ€œsticky inflationโ€ metaphors. i'm not buying it. from an apocalypse now rant delivered with a traderโ€™s eye, i lay out a brutal macro investing filter: markets donโ€™t move because someone โ€œfigured it outโ€ they move because people act, react, and mis-price risk inside a chaotic system. if you want clarity, you need distance from the noise and a refusal to outsource judgement to institutions that keep revising their story after the fact.

i dig into the federal reserve meeting, the obsession with decimal points, and why wall street canโ€™t admit when nothing has happened. the ten-year us treasury yield becomes the lie detector. if bonds barely move, the โ€œbigโ€ data is often just theatre designed to keep trading active and fees flowing. we also pick apart inflation data like ppi, not to worship the numbers, but to show how over-zooming turns randomness into false urgency.

then i take the same lens to china. when industrial production and retail sales are labelled as beats, the narrative machine instantly declares โ€œchina is backโ€. my response is simpler: show me the yield. if chinaโ€™s ten-year yield stays below 2%, the bond market is signalling deflationary drag and fragile confidence, not a clean growth comeback. i close with the real-world stakes of this abstraction and the one takeaway i keep coming back to: watch price, watch behaviour, ignore the rest.

if this sharpened your thinking, subscribe, share the episode with a friend who loves macro takes, and leave a review. whatโ€™s your personal โ€œtruth testโ€ market price that you trust more than headlines?

Support the show

โฌ‡๏ธ Subscribe on Patreon or Substack for full episodesย  โฌ‡๏ธ

https://www.patreon.com/HughHendry
https://hughhendry.substack.com
https://www.instagram.com/hughhendryofficial
https://blancbleustbarts.com
https://www.instagram.com/blancbleuofficial

โญโญโญโญโญย  Leave a five star review and comment on Apple Podcasts!

๐Ÿงข Hats & Merch
๐Ÿ“ธ Instagram
๐Ÿฆ Twitter / X
๐Ÿ“ฉ Substack

๐Ÿ‘‚Listen and ๐Ÿ”ฅ Subscribe

๐Ÿ“บ YouTube
๐ŸŽง ...

links14

more episodes

All episodes