China Conviction and Capital Flight Mark Hart

Published on
February 26th, 2016
Topic
Structural flows, Global Investment, Investment Framework
Duration
26 minutes
Asset class
Cash, Bonds/Rates/Credit, Currencies

China Conviction and Capital Flight Mark Hart

The Interview ·
Featuring Mark Hart

Published on: February 26th, 2016 • Duration: 26 minutes • Asset Class: Cash, Bonds/Rates/Credit, Currencies • Topic: Structural flows, Global Investment, Investment Framework

In a follow-up to his January interview, Mark Hart, founder of Corriente Advisors, returns to Real Vision to discuss developments in his Yuan devaluation thesis, to expand on which currency pairs interest him in a strengthening dollar scenario, to consider the deflationary forces at work across the globe, and to examine the banks in a Eurozone that has been "structurally created wrong."

Comments

  • CC
    Christian C.
    6 June 2017 @ 20:21
    Clearly this gentleman has proven wrong in China and Europe. Perhaps a refresh of this interview is due?
    • DR
      David R.
      6 January 2018 @ 17:08
      Not to mention that the dollar has been the weakest currency in the world over a couple of years, technically threatening to crash through massive self support into a bottomless meltdown. What happens when Mueller convicts Trump and the rest? Will US dollar & assets collapse toward zero?
  • DT
    Dave T.
    3 April 2017 @ 02:15
    A very mentally nutritious package. May I have some more please?
  • PB
    Pieter B.
    15 October 2016 @ 20:13
    "Europe started as a steal cartel and then turned into something that sounded a lot more humanitarian and inclusive." LOL, as a European citizen I love these sharp comments. Brilliant discussion. I am gonna look at put options on the CNY/CNH around a strike of 8, either via a us broker or saxo. Massive thanks for the ideas and analysis!
  • FT
    Frank T.
    12 March 2016 @ 02:54
    I'd like to be their Cayman Island neighbor too. There goes the hood?
  • JE
    Jag E.
    5 March 2016 @ 08:16
    I think people playing the miners miss adressing some parts of history like a revaluation with heavy taxation on production following. Both have historic precedent in gold and oil.
  • DM
    Dennis M.
    1 March 2016 @ 19:25
    Real Vision is a brilliant idea. I feel I'm back in school with the very best teachers. I have started to bring a notebook to each session as there are so many actionable ideas.
  • RL
    Rick L.
    1 March 2016 @ 15:00
    MIND BLOWN. AGAIN.
  • LC
    Liliana C.
    1 March 2016 @ 06:14
    Always in awe of Mark and Raoul together! I do Not agree that there's no inflation tho. Necessities such as food, shelter, healthcare and education are skyrocketing. Discretionary retail in deflation.
  • SM
    Stuart M.
    29 February 2016 @ 09:58
    Great vid! Would love to see this become a regular feature! :)
  • CH
    Calvin H.
    29 February 2016 @ 00:09
    Good interview - thanks. I see a closet Sanders supporter with the 'country management' comment. He wanted to say more, but his simile told it all. Hey no problem, if we find a way to pay for $20T!
  • PD
    Paul D.
    28 February 2016 @ 10:14
    Awesome stuff - thats your subscription paid back right there
  • sw
    shaun w.
    28 February 2016 @ 10:07
    Awesome. I wonder what Mark thinks of Micheal Pettis's rebuttal to Kyle Bass's letter on Chinese devaluation?
  • HC
    Harry C.
    28 February 2016 @ 07:47
    Fantastic.
  • JD
    Jim D.
    27 February 2016 @ 22:06
    Just brilliant.
  • AS
    Andrew S.
    27 February 2016 @ 18:07
    Thank you for getting him back so quickly and broadening the scope of the conversation. Great, informative interview. Oh, and be sure and get your physical bullion, why wait??
  • MM
    M. M.
    27 February 2016 @ 16:20
    there's also etf's short Yuan. E.g. checkout Proshares.
  • SL
    Sandy L.
    27 February 2016 @ 15:28
    Visionary, one of the few that recognizes the positive deflationary skew of technology, innovation and the mass disruption factor
  • RM
    Richard M.
    27 February 2016 @ 14:31
    Awesome - again!!! Mark is so whip-smart and yet so humble (and the same goes for Raoul)! Really an enjoyable 1/2 hour of absorbing deep and unusual thought. Thanks!!!
  • SS
    Sam S.
    27 February 2016 @ 14:08
    Technology bets? Cloud? Equities? Software? Cybersecurity? Any pinpoint ideas? Thanks for all you guy provide!!!
  • SL
    Steven L.
    27 February 2016 @ 04:27
    I'm not sure US citizens can buy anything in Iran yet. I too would like to know how the small investor can own Iranian assets. I don't believe the TSE30 is available thru US brokers.
  • CD
    Charles D.
    27 February 2016 @ 04:14
    Brilliant...frightening to see how far ahead of CB's these guys are...no wonder the world is in the shit shape it's in....those CB morons are completely behind the wave that these guys are riding.
  • DD
    Derek D.
    27 February 2016 @ 03:14
    And I also can’t tell if he’s convinced the Chinese will devalue because he thinks that’s what they want, or because it’s complete consensus in our bizarro world that devaluing is a good thing?
  • DD
    Derek D.
    27 February 2016 @ 03:13
    I really appreciate his challenge to my admittedly amateur theses: namely that the US is in terrible shape, and as a retailer I get downright emotional when he says there’s no signs of inflation.More!
  • bs
    bernard s.
    26 February 2016 @ 19:40
    how do you express long Iran? Also what happens if China gets rid of CNH and HKD, and it all becomes one single deliverable currency?
  • WE
    William E.
    26 February 2016 @ 19:34
    I agree that cash brings optionality but as a consultant who has preached "fully invested" for 25 yrs, how do I now get clients to consider holding cash? Even 7-10% looks huge versus policy goal of 0
  • DW
    Daniel W.
    26 February 2016 @ 19:14
    What would be your advise to Play the Devaluation of the yuan for average Joe Investor? Trading the FX cross is probably not a wise move in this case?
  • TL
    T L.
    26 February 2016 @ 18:41
    At Saxobank one can buy yuan puts = USDCNH calls with a welcome bonus through this link: http://uk.saxomarkets.com/iit-dcf/referral/?RefId=05C34E88-9E1E-40E5-A3DF-3E629C0B96DE&cmpid=GLOBAL-REF-UK
  • RM
    Robert M.
    26 February 2016 @ 17:55
    How do we assess how much of the dollar carry trade has unwound?
  • TJ
    Terry J.
    26 February 2016 @ 17:41
    Another excellent video packed full of great ideas and invaluable insights.
  • RM
    Robert M.
    26 February 2016 @ 17:39
    If China does continue to devalue wouldn't that be bullish for the Dollar and bearish for gold? Just curious being a newbie
  • ML
    Marc L.
    26 February 2016 @ 17:37
    so why not shorting the QAR or BHD instead of the SAR?
  • ML
    Marc L.
    26 February 2016 @ 17:21
    you can buy 3 different CNY or CNH put options at the SIX (Swiss Exchange) denominated in USD - check the following ISIN: CH0283710884, CH0259488713 or CH0259490883
  • JM
    Joseph M.
    26 February 2016 @ 17:09
    can you open up a saxo account being a us citizen? i thought i read somewhere you couldnt...
  • MS
    Michiel S.
    26 February 2016 @ 16:34
    Love the way he smiles every now and then!