Legendary investor, Stanley Drunckenmiller said the Fed is obsessed with preventing a 20% drop in the markets and have based policy around that core thesis. He thinks it’s absurd.
Moreover, he suggests that you and I should get out of the market, saying the bull market has exhausted itself and that gold is the preferred investment for the times we live in.
Lastly, he said the Federal Reserve is the ‘least data dependent Fed in history’. They have no end game and the apocalypse is near.
Post-script: he notes that China is going to blow up, citing their current form of economic policy and ‘zombie lending’ to a ‘supreme mania’, denoting its similarities to America, circa mid 2000s.
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Welcome to Devil Dog, Stanley Drunckenmiller.
No one knows anything about China. Doesn’t matter if you are a legendary investor. If you are not high up in the Chinese government, you don’t know what’s going on. Maximum opacity is China’s policy.
Seems like my coach ARK ticket has been upgraded to economy PLUS!
Showtime applies negative rates to lemonade stands:
You owe me lemonade. You all owe me $.15 lemonade. Better not be diluted or piss
I hear a lot of well known investors essentially saying the same thing.
GDX