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of debt, but because the prevailing sentiment is against them. "I expect bad things are going to happen further bad things. I think the most productive use for speculators today is to conceive of what are the worst possible economic outcomes. "This website and its associated newspaper adheres to the Independent Press Standards Organisation's Editors' Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact theIf you remain dissatisfied with the response provided then you can contact the IPSO byThe Scotsman provides news, events and sport features from the Edinburgh area. For the best up to date information relating to Edinburgh and the surrounding areas visit us at The Scotsman regularly or bookmark this page.
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"If you look at the political class, they pursued this notion Scotland could be a Celtic tiger. Just how wrong could you be. Salmond's proposals were all based on HBOS and RBS being these profound money makers and Ireland was the model we should pursue. How he got away with it and escaped the collateral damage from that is extraordinary. "Hendry began his career in Edinburgh, working for asset management firm Baillie Gifford, where by his own admission he had a reputation for being a "troublemaker". He said he had a sense of foreboding about the future, but that the senior fund managers tended to "brush aside" the dire predictions of an untried junior member of staff. He later joined Crispin Odey, one of the world's leading hedge fund managers, who taught the frustrated young Hendry to channel his bitterness and foreboding into profitable investment. By 2002, Hendry was being quoted in the press as being "bearish as hell" about banks and Black Nike Air Force 1 Outfit insurance firms, because he believed the markets had "yet to discount the chances of recession".
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For his current investments, he is taking a typically contrarian view, He is resisting the rush to commodities such as gold and potash which are appealing to investors driven by fears of hyper inflation. He's investing in government bonds not because he believes government will pay back record levels Air Force Black Men
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