Nobody wants a recession

Crispin Odey

Odey Asset Management

Nobody wants a recession but sometimes recessions can be better than the alternative policies which not only destroy incentive structures but also create wrong price signalling, which in fact creates more mayhem as production reacts to misleading signalling, and ultimately leads to governments becoming even more involved in the economy. Having witnessed several years in which companies have used cheap debt to buy back expensive equity, expect that in a few years’ time companies will be doing the reverse. (VIEW LINK)


Crispin Odey
Crispin Odey
Founder | Chief Investment Officer
Odey Asset Management

Crispin is one of Europe's most respected investors having delivered exceptional returns for his clients. Since he established Odey Asset Management in 1991, his flagship long-short strategy has compounded at almost 14% per annum net of all fees...

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