STAN DRUCKENMILLER: I just know this is going to end badly. I can feel it in my bones.

Wednesday, April 15, 2015
By Paul Martin

JULIA LA ROCHE
BusinessInsider.com
4/15/2015

Billionaire hedge fund legend Stanley Druckenmiller, the now-retired founder of Duquesne Capital, thinks the Federal Reserve’s aggressive approach to monetary policy could “end badly.”

According to Druckenmiller, the Fed’s policies in recent years have made no sense from a risk/reward perspective.

“I know you’re frustrated about zero rates, I know that it’s so tempting to make investments and it looks good for today, but when this thing ends, because we’ve had speculation, we’ve had money building up for four to six years in terms of a risk pattern. I think it could end very badly,” he said on January 18 at the Lone Tree Club in North Palm Beach, Florida.

Druckenmiller, 61, accurately called the housing crisis. During his speech, he said that he has the same horrific feeling now as he did back then.

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