The Acid Capitalist Podcast
1) 10x ʀɪᴄʜᴇʀ ᴏʀ ᴅᴇᴀᴅ ☠️
Send us a text A market story is only as good as the portfolio that can survive it. Hugh Hendry sat down in London to explore risk from first principles. Why playful, curious, even mischievous thinkin...Show More
2) Investing in the Blind Lap
Send us a text A faster lap by going blind sounds reckless until you hear Lando Norris say he drives better with the delta display switched off. That’s the spark for a bigger idea we explore: acid cap...Show More
3) What if AI cuts jobs faster than rates can fall?
Send us a text Markets have a habit of choosing the path that hurts the most people, and this week they proved it. We open with a jolt: CarMax plunges 24%, the CEO is shown the door, and used‑car dema...Show More
4) Is the Market Running Out of Money?
Send us a text What if the cleanest read on market risk isn’t a sentiment index but the dollar itself? We connect the dots from DXY’s slide and rebound to the invisible gears of Eurodollar credit, sho...Show More
5) A One-in-a-Thousand Market Moment
Send us a text When logic fails, hedges break, and the models panic. Markets rarely behave. In this episode, Hugh Hendry unpacks why. Exploring what happens when models flash red and logic collapses ...Show More
6) The Ricardian Equivalence, Treasury Debt, and the Modernity of Money
Send us a text Support the show ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/hughhendryofficia...Show More
7) Do Deficits Make You Rich?
Send us a text Do Deficits Make You Rich? The uncomfortable truth: fiscal stimulus creates wealth, not consumer inflation. Sat pondering in a Caribbean bar, thinking about intelligence, the Fed, defic...Show More
8) When America Pretends to Be Reckless
Send us a text In this acid breath of mine, I drift between the sublime and the sardonic. I trace how America, once the debtor, became the empire, how quantitative easing rewired the flow of wealth f...Show More
9) Inflation Softens, Metals Harden as we Go Long Confusion & Short Certainty
Send us a text I began with CPI, but as usual, I ended up somewhere between Beethoven and gold. The headline CPI 3%, core the same. The whisper was higher. The market calls it “Goldilocks.” Not too ho...Show More
10) Gold, the Yuan, and the Wave Function of Markets
Send us a text Perhaps the best, most revealing of this daily series. This is macro analysis as cabaret. The Japanese call it, rakugoka (落語家), a man in kimono, I have no kimono, seated on a cushion p...Show More