Hugh Hendry's Capitulation: Parts 2 & 3

Hendry walks through the remainder of the macro economic world as he sees it in parts 2 and 3 of the interview below. He covers China in depth in part 3, discussing some trades he has in place in that country.

I discussed the psychology behind this interview earlier in the week, but in part 2 I found it fascinating that he even admits to no longer paying attention to asset valuations (price to earnings ratios, etc.)

For part one see Hugh Hendry's Capitulation: A Microcosm Of The Entire Financial Community

Part Two:

Part Three:

For the full transcript of the entire interview click here.