It’s The End Of The World As He Knows It, But Stanley Druckenmiller Feels Fine

The ex-hedge fund manager is betting on Number One.

Don't worry about me.

It’s the rest of us who are utterly, irremediably screwed, sayeth the retired billionaire.

“You’re pulling demand forward today, this is not some permanent boost. You’re borrowing from the future,” Mr. Druckenmiller said. “The chickens will come home to roost,” warned Mr. Druckenmiller, who has been a frequent and vocal critic of the Fed and its policy of near-zero interest rates….Despite the downbeat message, Mr. Druckenmiller said there was one thing he was optimistic about.

“My future,” he said.

Stanley Druckenmiller Offers a Bearish Warning [DealBook]


By Olaf Kosinsky (Own work) [CC BY-SA 3.0 de], via Wikimedia Commons

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(Getty Images)

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