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The latest from Hugh Hendry (2013)

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Inside the mind of a bearish hedge manager

Which way gold? Which way the dollar?

We might have a "meteor strike" but baring that, it looks like Deflation - and higher prices for the dollar and yet - are in store.

Great moment:

Question: "Are there any countries you're positive about?"

Answer: Shakes his head no.

Audience laughter.

But here's the key take away which few will grasp:

"If you're not a hostage to your errors, the future is very promising."

Click here: You can hear the entire talk here