Here is the August letter from Eclectica, the hedge fund managed by Hugh Hendry. For those of you unfamiliar with Hugh, he stands firmly in the "deflation" camp. He appears from time to time on CNBC Europe. He brings up many though provoking topics that often aren't discussed or even contemplated, especially in the age of Quantitative Easing. This is a must read for any contrarian investors and I would make the argument is necessary for all investors. As we have all seen over the past 2 years, no scenario should be considered impossible anymore.
Eclectica 08-09
Thursday, August 27, 2009
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