Druckenmiller: Absolute Raging Mania

7

777

https://www.cnbc.com/2020/09/09/sta...he-next-3-to-5-years-will-be-challenging.html

  • KEY POINTS
    • Fed policies could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC.
    • "I can't find any period in history where monetary and fiscal policy were this out of step with the economic circumstances, not one," the chair and CEO of Duquesne Family Office said.
    • Though he agreed with the early steps the Fed took during the pandemic, he said the policies have continued for too long.
  • Druckenmiller is absolutely sure we are in a raging mania & absolutely sure he has no idea when it will end.
  • 15 Years from now we might not be the world's reserve currency, though.
  • Druckenmiller is long but expects to be out of the market by years end.
Comments?
 
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I suspect Drunkenmiller is pretty sure its all going to come crashing down very soon..

But doesnt want to look stupid/perma bearish like Peter Sciff, Jim Rogers etc who have been calling a big bear market for years now.. But the market keeps going up
 
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777 said:
https://www.cnbc.com/2020/09/09/sta...he-next-3-to-5-years-will-be-challenging.html

  • KEY POINTS
    • Fed policies could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC.
    • "I can't find any period in history where monetary and fiscal policy were this out of step with the economic circumstances, not one," the chair and CEO of Duquesne Family Office said.
    • Though he agreed with the early steps the Fed took during the pandemic, he said the policies have continued for too long.
  • Druckenmiller is absolutely sure we are in a raging mania & absolutely sure he has no idea when it will end.
  • 15 Years from now we might not be the world's reserve currency, though.
  • Druckenmiller is long but expects to be out of the market by years end.
Comments?
More...
The whole point is to weaken the U.S. Dollar! This is the intention.

They used COVID as an excuse to pump more money into the system, and weaken the dollar.

You really believe Uncle Jerome's "we need to use all tools necessary..." drivel? I've got another tool he could use: small business bailouts. That tool is a little rusty, eh? How about taking a couple bucks out of the 120,000,000,000/month in QE and sending it to Mom & Pop business?

Continuing to pump hundreds of billions into the markets is preposterous; almost unconscionable. Where are all these dollars coming to rest? I'll give you three guesses. Hint: it's keeping the rich rich.

There's an agenda at work. It's one big manipulation. THEY want a weaker dollar.
 
Hah! In regard to that Soros/Drunkenmiller story...

I remember the way Charlie Munger described it... Munger and Buffett were aligned with Soros watching the ridiculous tech boom on the sidelines. None of them had any interest in partaking in it. Eventually though, Soros got tired of watching everyone else keep getting richer, so finally he blinked... and that's when shit turned really bad quick.

I suppose you could say it was also a case of Murphy's Law? It's not a story talked about much, everyone just wants to talk about the time Soros broke the bank of England.
 
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Reactions: 777
The_Krakenite said:
Hah! In regard to that Soros/Drunkenmiller story...

I remember the way Charlie Munger described it... Munger and Buffett were aligned with Soros watching the ridiculous tech boom on the sidelines. None of them had any interest in partaking in it. Eventually though, Soros got tired of watching everyone else keep getting richer, so finally he blinked... and that's when shit turned really bad quick.

I suppose you could say it was also a case of Murphy's Law? It's not a story talked about much, everyone just wants to talk about the time Soros broke the bank of England.
More...

Buffett and his best friend Charlie give fabulous live advice and tell great short stories.

Often I have searched YouTube just to hear them speak about life and tell stories.

Thank you for your story!
 
777 said:
https://www.cnbc.com/2020/09/09/sta...he-next-3-to-5-years-will-be-challenging.html

  • KEY POINTS
    • Fed policies could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC.
    • "I can't find any period in history where monetary and fiscal policy were this out of step with the economic circumstances, not one," the chair and CEO of Duquesne Family Office said.
    • Though he agreed with the early steps the Fed took during the pandemic, he said the policies have continued for too long.
  • Druckenmiller is absolutely sure we are in a raging mania & absolutely sure he has no idea when it will end.
  • 15 Years from now we might not be the world's reserve currency, though.
  • Druckenmiller is long but expects to be out of the market by years end.
Comments?
More...
%%
I wish it were that simple/simply stock split something + it does up/LOL Great interview in Jack Schwager. Could get rough for some of the states dumb enough to pay plenty for workers not working; or infringe on gun companies
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Market maker Terry Savage, she said split GME + it will go down , so maybe. Mr Stanley D maybe on to something on splits. I'm not watching GME, but 50 day moving average.:caution::caution:
 
Last edited:
777 said:
https://www.cnbc.com/2020/09/09/sta...he-next-3-to-5-years-will-be-challenging.html

  • KEY POINTS
    • Fed policies could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC.
    • "I can't find any period in history where monetary and fiscal policy were this out of step with the economic circumstances, not one," the chair and CEO of Duquesne Family Office said.
    • Though he agreed with the early steps the Fed took during the pandemic, he said the policies have continued for too long.
  • Druckenmiller is absolutely sure we are in a raging mania & absolutely sure he has no idea when it will end.
  • 15 Years from now we might not be the world's reserve currency, though.
  • Druckenmiller is long but expects to be out of the market by years end.
Comments?
More...




Seems overall pretty legit analysis and a good prediction. It is INSANE to me they are continuing this shit...
 
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