Hat tip to reader Johan for the Hugh Hendry CNBC Europe catch... I have not yet listened to the whole video but I am sure I will enjoy it once I do, no matter if I agree or not - first 4 minutes alone covers Madoff, hedge funds as respected institutions rather than their old role swash bucklers, China, regulatory failure of financials, oil et al. 9 Minutes.

Fears about inflation and hyperinflation could create another economic downturn, bigger than the one the world went through, Hugh Hendry, chief investment officer at hedge fund Eclectica, told CNBC Tuesday.