Money and Finance
- Druckenmiller: Fed Policy 'fraught With Unappreciated Risk'
Link to: Druckenmiller: Fed policy 'fraught with unappreciated risk' Stan Druckenmiller, the retired founder of hedge fund firm Duquesne Capital Management, says the Federal Reserve is putting the economy at risk by continuing its aggressive...
- Hussman Weekly Market Comment: Estimating The Risk Of A Market Crash
“We thought it was the eighth inning, and it was the ninth. I did not think it would go down 33 percent in 15 days.” In April 2000, Stanley Druckenmiller, who managed the phenomenally successful Quantum fund for George Soros, called it quits – saying...
- Stan Druckenmiller On Entitlements, Fed, Strategy (video)
Found via the Corner of Berkshire & Fairfax. Sept. 11 (Bloomberg) -- Stanley Druckenmiller, founder of Duquesne Capital Management LLC and one of the best performing hedge fund managers of the past three decades, talks about U.S. entitlement spending,...
- Stanley Druckenmiller On Cnbc
Also be sure to check out THISprevious post, where I updated the links to Druckenmiller’s longer interview on Bloomberg. The summary of his short comment on the investment landscape is that all of the money printing and manipulation by the Fed of the...
- John Mauldin: How Not To Run A Pension
For all the focus on the unfunded liabilities of Social Security and Medicare, there is another unfunded crisis brewing, and this one is in your own back yard. It’s coming to you even if you live outside of the US; it just might take a little longer...
Money and Finance
Druckenmiller Sees Storm Worse Than ’08 as Retirees Steal
It's not the complete interview, but there's about a 23-minute video clip HERE.
UPDATE: The complete show is available HERE.
Stan Druckenmiller, one of the best-performing hedge fund managers of the past three decades, has a warning for the youth of America: Don’t let your grandparents steal your money.
UPDATE: The complete show is available HERE.
Stan Druckenmiller, one of the best-performing hedge fund managers of the past three decades, has a warning for the youth of America: Don’t let your grandparents steal your money.
Druckenmiller, 59, said the mushrooming costs of Social Security, Medicare and Medicaid, with unfunded liabilities as high as $211 trillion, will bankrupt the nation’s youth and pose a much greater danger than the country’s $16 trillion of debt currently being debated in Congress.
“While everybody is focusing on the here and now, there’s a much, much bigger storm that’s about to hit,” Druckenmiller said in an hour-long interview with Stephanie Ruhle on Bloomberg Television’s Market Makers. “I am not against seniors. What I am against is current seniors stealing from future seniors.”
Druckenmiller said unsustainable spending will eventually result in a crisis worse than the financial meltdown of 2008, when $29 trillion was erased from global equity markets. What’s particularly troubling, he said, is that government expenditures related to programs for the elderly rocketed in the past two decades, even before the first baby boomers, those born in 1946, started turning 65.
Druckenmiller stopped managing money for outside clients in 2010 after three decades in the business, including more than a decade as chief strategist for billionaire George Soros. From 1986 through 2010 he produced average annual returns of 30 percent, one of the best long-term track records in the industry.
- Druckenmiller: Fed Policy 'fraught With Unappreciated Risk'
Link to: Druckenmiller: Fed policy 'fraught with unappreciated risk' Stan Druckenmiller, the retired founder of hedge fund firm Duquesne Capital Management, says the Federal Reserve is putting the economy at risk by continuing its aggressive...
- Hussman Weekly Market Comment: Estimating The Risk Of A Market Crash
“We thought it was the eighth inning, and it was the ninth. I did not think it would go down 33 percent in 15 days.” In April 2000, Stanley Druckenmiller, who managed the phenomenally successful Quantum fund for George Soros, called it quits – saying...
- Stan Druckenmiller On Entitlements, Fed, Strategy (video)
Found via the Corner of Berkshire & Fairfax. Sept. 11 (Bloomberg) -- Stanley Druckenmiller, founder of Duquesne Capital Management LLC and one of the best performing hedge fund managers of the past three decades, talks about U.S. entitlement spending,...
- Stanley Druckenmiller On Cnbc
Also be sure to check out THISprevious post, where I updated the links to Druckenmiller’s longer interview on Bloomberg. The summary of his short comment on the investment landscape is that all of the money printing and manipulation by the Fed of the...
- John Mauldin: How Not To Run A Pension
For all the focus on the unfunded liabilities of Social Security and Medicare, there is another unfunded crisis brewing, and this one is in your own back yard. It’s coming to you even if you live outside of the US; it just might take a little longer...