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.
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Still looks like good call/most likely made some on his shorts m+ longs;
+ SPY is up + up off 50 dma. I'm not really a night person, but i think he is[Jack Schwager interview+ remember he got promoted early @ the bank+ worked late @ nite.................................................................
Actually i do work some more @ nite\ 2021,charts + metals + related/ but not really a not person. I sold my 29+/ acres before he did; but he lives in a colder /higher taxed neighborhood so i dont blame him
[QUOTE 777/"Saltynuts, post: 5382815, member: 500195"]Seems overall pretty legit analysis and a good prediction. It is INSANE to me they are continuing this shit...[/QUOTE]
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Good points,SN, not really a prediction/ if it was a prediction\a stop loss would be insane.
I was reading the Jack Schwager SD interview; someone offered to pay him $10,000[usd]@ month for his advice/sold/LOL,Thanks
