Fresh off 24% return in March, Odey evoking Adolf Hitler says the pain is just starting

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Michelle deBoer-Jones
Published on

Odey Asset Management was up 23.6% for March, bringing its year-to-date return to 10.6%. In his March letter to investors, which was reviewed by ValueWalk, Crispin Odey looked much further back in history than 2008 for a comparison to the current crisis.

He said the coronavirus pandemic will trigger a decline in global GNP for 2020 that's along the lines of what was seen in 1931 and 1932. He also noted that the crisis that emerged during the Great Depression set the stages for Adolf Hitler to take over Germany.

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.