crossing I wish. Who do I have to contact to get the check? I’ve watched interviews where they talk over the other person, they don’t ask pointed questions that the audience wants to know the answers to and it’s a complete waste of time and I call those people out. I found the opposite to be true here and I commend that and hope the executives see that and produce more content that way
My question would have been...How can you have capitalism and a free market if interest rates are being suppressed ? Is not this economic policy giving money to the top through thestock market by borrowing from the future ? I have some question's for some of his answeres. He seemed to be double talking. I could create a lot of jobs to if i was getting free money borrowed from future generation's. But ultimitly and obviously there is a problem with that model in the future.
muddyriverdogz your correct in your question, although I’m not sure if your being rhetorical. Manipulating interest rates absolutely distorts capitalism and allows money to go into places it normally otherwise would never go causing mal investments on a grander scale
This interview was before the global Coronavirus pandemic. So, by taking everything Druckenmiller said plus ongoing pandemic, you still end up with: 1. Rates will go even lower (negative rates possible now since it's already at 0) 2. Short developing currencies & CAD, AUD, EUR, Yen 3. Long (or sideways) Stocks given Covid19 4. Short Treasury, Cash, Bonds, anything Fixed income
My takeaway from this is there's a crash coming the likes of which we've never seen. But until then, party like you're in the penthouse of the Titanic.
I loved this interview and he has his heart in the right place. However, obviously this guy is insulated from reality of what used to be the honest and hardworking middle class guy who now works a 60 hr workweek and still needs to be on food stamps to house and feed his family. Shifting almost all of the tax burden from corporations to middle America over the past 20 years has been an unmitigated disaster. We have created a "two state" system now of the wealthly and the poor America - literally destroyed the middle class. These are facts that cannot be denied. Walmart gets tax breaks for paying their employees slave wages and then we turn around and "pay" their workers with food stamps to make up for it- this is insanity and people will not put up with it. Trump was the first knee jerk reaction to people feeling that no one is listening in DC- unfortunately he is a con man. The next election will see more drastic changes until we fix the system rigged for the corporations and the wealthy- it's that simple.
This guy is the god of trading (not investment). He is long things that go up, and short things that go down. Period. Completely unbiased. He may have a long term personal opinion, but it does not affect his positions.
I mean he's not wrong about markets ... but markets are distorted and owned by the Fed and other central banks now. That's not a functioning free market capitalistic society, it's socialism for those with financial assets (the rich) and pittance for the rest. Yes, pension funds too but this is what happens when you borrow from many decades ahead for today's gains. The corruption and greed feeding these markets is more palpable than ever and while you can be grateful for your gains you should at least acknowledge that they're being made on the backs of poor shmucks struggling to make ends meet.
If you truly believe that these gains are being made on the backs of the poor than you are truly stupid. Poor people are poor because they lack the IQ to handle money efficiently. You can give 10 poor people 1 million dollars each and in 5 years they will end up poor again. If you take all the money away from 10 rich people and give them $1000 each, in five years those people will likely become rich again. Truth is rich/poor is more mental than physical. Money runs out eventually but rich people are experts in creating more wealth where as poor people are experts in wasting wealth.
Towards the end when the topic becomes more political Druckenmiller: here’s the facts Interviewer: but what about the feelings of people who disregard facts?
I like SD as a person, but believe that he cherry picks his facts from time to time. Being a Bloomberg stooge of course the interviewer reinforces heir/heiress dominance philosophy. "For nothing can seem foul to those that win."
89879237 4583475623 - yeah, he says the middle class has never been better. While at the same time he admits real inflation is higher than the CPI. When you factor in real inflation the middle class has been obliterated over the past 30 years. Which I mainly blame on communism (the central bank)
89879237 4583475623 I agree, Ray Dalio published a great article in LinkedIn explaining the causes and evidences of the current wealth gap. If you haven't read it, check it out.
@@ianzeta8839 I think they are just multi-facets. The 'real' inflation on the middle class has gone worse over a few decades but at least some facts might indicate the middle class is doing better than the previous worst scenario. Stan seems to have less interest and intent than Ray to do PR stuff. Ray has skin in his PR and he showed up in numerous talks with the same points repetitively. Ray's concern could be legitimate, but a greater issue is that we don't have a closer look at the facts. Thomas Sowell's work clearly suggests some objections to Ray's conclusions. And it is very likely that it can be another story of narratives versus truth. Gap is just the beginning of the story, not the end. But it is a powerful trigger to signal another undue public rage.
And yet another person who confuses state sponsored crony capitalism with “capitalism”. Privatizing the profits and socializing the losses is not capitalism.
Phenomenal interview. I don't agree with him on everything, but even he is quite open to the fact that he may need to change his opinion given new data/perspectives in the future. One of many things I definitely agree with him on is that there is a better shot of truly uplifting the poor/struggling with more effective capitalist approaches than by abandoning capitalism completely. What's needed is for more people to have access to the benefits of capitalism, not fewer!
Yes, it seems that we are borrowing from the future to pay for our current prosperity. How long can it continue? Prolonged, low interest rates are creating imbalances that will eventually lead to economic disruption.
When’s this guy going to run for President? Shows that there are good fair people out there that would never run because of how we treat the good guys in politics. We deserve what we have and the competition we see if we do not start to show respect and tolerate other opinions.
Dumbass reply IMHO. The terrorist, named by Obama, UN, The World has been blowing up people and Culture since the 1980's. What u saw was elimination of scum, prearranged and ok'ed by 🇺🇸 retaliation by Iran. 80%+of population want regime change. He didn't do that. I am Independent, but time to give Orange Man bad is credit. The guy is getting it done for the World. Stopping China and Sharia Law in USA alone should make him best President ever. It's not a personality contest, it's production. Hired to make 🇺🇸 1st and doing it.
Brilliant as always, Stan openly discusses his positions and why more capitalism might be the solution to our problem. Stan’s simplicity and clarity in his views about macroeconomics truly amaze me considering how complicated some these issues can be. One of the GOATs for sure.
If this guy lives as long as Buffett, he has the potential to surpass his net worth. He is so smart and so dry, and he plays it down....I learn something new every time listening to him, absolute class act
Y'all- invest your money in small local farmers. Better food equals better people. Talk about a good long term investment... Thanks Bloomberg great great interview.
Can anyone explain the alarming rise in homelessness given the decrease in the percentage of people living in poverty? Is is just a reflection of the increasing population?
Many reasons, but imo it’s largely a cultural failure. People with intact supportive families don’t fall into abject poverty, don’t get into drugs, and failing all that, have people to fall back on to get them back on their feet.
He stated last year that ¨the fed should tighten until it hurts¨ last year.........no courage from the fed. Monetary policy is the worst the last 20 years. Greenspan started it, Bernanke continued, Yellen did nothing and Powell has dinner with trump once a month. Easy money always ends up in tears.
As a Trump supporter I completely agree with Stanley. If Trump pushes for negative interest rates he'll have lost my vote. We don't need to be like Europe. We need to get back to being like the United States.
Nort Trump said he wanted to lower rates, because they raised them 5 times in 3 years! When they didn’t raise them at all for 6 years and Trump never said he wanted negative rates.
Stan what about Austrian Economics? What about separating money from state/central/socialism banking? How can we get an accurate measure of price when there's an overarching money printer pulling all the levers???
When it comes to global markets, maybe the reason the US is still rising while everyone else is sinking, is solely because of tax breaks for corps that then in turn buy back there own shares. So in reality the market has long since stopped rising, and it is simply government handouts to Corps that manipulate what you are seeing, when you think you are seeing a rising stock market. What happens when the Corps stop buying their own shares?
With the multitude of homeless (downtown Los Angeles has 17,000 people in that encampment) I am highly skeptical we have a poverty rate of 13%. There’s some misinformation, manipulation of the data or out and out lying going on somewhere.
Highly skeptical of the references to middle class and lower class "data" which is frequently manipulated, better data would consists of credit defaults, +90 day lates on payments. Middle class is not doing well and obviously homelessness wouldn't be increasing at an alarming rate if the lower class was doing well. Did find some value in this but Druckenmiller is still very far removed from actuality.
Such a good education on impeachment and the fundamentals of our US democracy. Democracy is not just a system, there has to be a set of common judgements among the majority of its people. No system is perfect. God bless America!
This is one of the many subjects on finance, stocks and markets, they talk for hours without letting you understand anything. Both the speaker and interviewer try to show that they understood each other. Doubt it? replay and listen again and again.
kang shinok The only thing working for middle class people is there 401k retirement accounts if they have one or the appreciation on their house. Otherwise cost of living, particularly housing, consumables and education is rising at a much accelerated rate than what the Federal Reserve and these so called Pseudo Economist convey the actual inflation rate transpires to be.
Mike Alpina Sorry, unfortunately 401k is going to be eaten away by inflation caused by FED moneytizing government debt for the next decade. Just live simply and save hard into undervalued real assets like precious metals.
Donald J. Trump ✔ @realDonaldTrump · Sep 11, 2019 The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....
Before you talk dirt about these trading greats. You should do some research and see how much of their fortunes they have given away for wonderful causes. How many billions of dollars have any of you donated? And could you go to a job without guaranteed pay or the possibility you could lose money?
43:05 "this man has created 667,000 jobs"....not net additional jobs to the economy. those jobs were also lost to the retail brick and mortar. many more jobs were actually lost for brick and mortar retail than the 667k Bezos added for internet shopping. he is talking out of his ass here i have to say.
Wow, I used to have so much respect for Stan. Man was I wrong. In essence he’s espousing the virtues of corporate greed by sending all of our middle class manufacturing jobs to Asia (China) for cheap slave labor at the expense of a dead middle class here. He talks about all the millions lifted out of poverty here? Are you fricking kidding me dude? Have you drove much around downtown LA?
@James Zell you sound like a sheep who would say something like " you can't make money trading". These guys are often wrong and lose big as well. Dont be a fool.
One of the rare interviewers who asks interesting questions, understands what he’s asking then shuts up so the guest can speak - well done
@Ranjit Chakravarty Please elaborate
MrPractical wacc cost of enrty
Watch David Rubenstein interview on Ray Dalio, he did the opposite of this interviewer.
You should check out Real Vision. They do amazing interviews. Here's one with Druckenmiller and Kiril ruclips.net/video/G-MlrpoMig0/видео.html
Mutual respect as we should always appreciate, and I guess the host indeed appreciated the views from Mr. Druckenmiller.......
This interviewer did a fantastic job. Well prepared, asked great pointed questions. respectful. Good job bloomberg
you sound like a paid troll. No one really talks like you.
crossing I wish. Who do I have to contact to get the check? I’ve watched interviews where they talk over the other person, they don’t ask pointed questions that the audience wants to know the answers to and it’s a complete waste of time and I call those people out. I found the opposite to be true here and I commend that and hope the executives see that and produce more content that way
Yeah - I thought the interviewer was actually better than the interviewee - in much the same way a good jockey can still win on a slower horse 😎
My question would have been...How can you have capitalism and a free market if interest rates are being suppressed ? Is not this economic policy giving money to the top through thestock market by borrowing from the future ? I have some question's for some of his answeres. He seemed to be double talking. I could create a lot of jobs to if i was getting free money borrowed from future generation's. But ultimitly and obviously there is a problem with that model in the future.
muddyriverdogz your correct in your question, although I’m not sure if your being rhetorical. Manipulating interest rates absolutely distorts capitalism and allows money to go into places it normally otherwise would never go causing mal investments on a grander scale
“That’s very good”
Stanley’s dry humor is hilarious
He was so funny
Interviewer is really good here, way to let a legend talk!
Legend? Laughable.
@@somchai9033 I assume you know nothing. Only the best .01% of money managers can do 30% annualized for decades.
That’s why I respect Druck more than any investor. Still has the guts to bash the media.
Hahaha.... I couldn't believe he said that. That was awesome! Hahaha... The look on the interviewers face was priceless, Hahaha....
@James Zell White collar criminals
oh poor billionaires boo fucking hoo
This interview was before the global Coronavirus pandemic. So, by taking everything Druckenmiller said plus ongoing pandemic, you still end up with:
1. Rates will go even lower (negative rates possible now since it's already at 0)
2. Short developing currencies & CAD, AUD, EUR, Yen
3. Long (or sideways) Stocks given Covid19
4. Short Treasury, Cash, Bonds, anything Fixed income
My favourite interview of the past 8 months. Stan Druckenmiller is such a great guy!
First time I've viewed an entire interview of Stanley Druckenmiller. I have massive respect for him. Thanks for your insights.
30% compound annual returns for 38 years - I listen to each interview he provides
same
He used 4x1 leverage. Do the math and his picks made the market average, minus the dividends.
30 net, 40 gross
yup and i wait for months for another one. seriously i wish he interviewed more
Well technically the 30% annually without a down year was for his "competing" 30 years as a fund manager before the family office
What class. Im such a fan of Drukenmiller sir. What an incredible person. My role model.
My takeaway from this is there's a crash coming the likes of which we've never seen. But until then, party like you're in the penthouse of the Titanic.
Best comment ever!!
Wait until after the election though unless you think the socialist wing is getting in.. in which case get out as soon as you can!
Stuart Clark it’s all the same.
well that's always the case really. anybody can say that.
welp. crash has arrived
Ive listened to this three times and it keeps getting better.
Spot on about Powell. Rare to hear an honest assessment of Powell’s clumsy maneuvering
Not quite spot on. Spot on would be: “ every fed chairman and member should be in jail for counterfeiting money” that would be more spot on
@@NoBody11010 YES Indeed
Good interview, none of the incessant interruptions like some other 'interviewers' like to do.
Donuts I remember when I learned the word incessant and wanted to use it all the time to sound smart too
@@actualideas8078 im going to use it all the time from now on. Incessant.. That sounds snarts. I mean smarts
Robert Brawley try the word pernicious. I learned it from this video.
Quit being assholes.
druckenmiller is a very sobermiller.. he needs to teach us youngmillers how to run the game in various environments.
Brilliant man. Excellent interview. Thanks
Great interview. Watched it all the way.
Guys, seriously, a mini stool for a 50 minute interview of an old billionaire. Why not add torture spikes?
I thought the exact thing. Terrible comfort prep
I loved this interview and he has his heart in the right place. However, obviously this guy is insulated from reality of what used to be the honest and hardworking middle class guy who now works a 60 hr workweek and still needs to be on food stamps to house and feed his family. Shifting almost all of the tax burden from corporations to middle America over the past 20 years has been an unmitigated disaster. We have created a "two state" system now of the wealthly and the poor America - literally destroyed the middle class. These are facts that cannot be denied. Walmart gets tax breaks for paying their employees slave wages and then we turn around and "pay" their workers with food stamps to make up for it- this is insanity and people will not put up with it. Trump was the first knee jerk reaction to people feeling that no one is listening in DC- unfortunately he is a con man. The next election will see more drastic changes until we fix the system rigged for the corporations and the wealthy- it's that simple.
Kevin Blake all of this! The middle class has been long dead, people need to wake up.
This guy is the god of trading (not investment). He is long things that go up, and short things that go down. Period. Completely unbiased. He may have a long term personal opinion, but it does not affect his positions.
Good interview.....knowledge and insights are free flowing
@AminAaaahh...Now I know where u get all that financial strategy from....😂😂
great interview and interviewer - "there is nothing wrong with deflation if it is driven from the supply side"
Congrats to the interviewer, quality work!
Excellent Interview. Well done Erik Schatzker!
“How are you adapting?”
I wonder how much gold he has in his “personal” portfolio.
Druckenmiller, a wealth of insight shared. So many take aways, really appreciated the interview.
Perfect level of tension in this interview to draw out some good insight from a smart guy.
5 months on , how did you do?
@@Malisti04 Still too early to call.
I mean he's not wrong about markets ... but markets are distorted and owned by the Fed and other central banks now. That's not a functioning free market capitalistic society, it's socialism for those with financial assets (the rich) and pittance for the rest. Yes, pension funds too but this is what happens when you borrow from many decades ahead for today's gains. The corruption and greed feeding these markets is more palpable than ever and while you can be grateful for your gains you should at least acknowledge that they're being made on the backs of poor shmucks struggling to make ends meet.
If free market come it will delete the whole system. Prices will fall and people with assets will get crushed big time. So it ain't that simple
@@kirilmihaylov1934 Free markets only exist in the minds of the believers.
@@jazzypoo7960 true that
If you truly believe that these gains are being made on the backs of the poor than you are truly stupid. Poor people are poor because they lack the IQ to handle money efficiently. You can give 10 poor people 1 million dollars each and in 5 years they will end up poor again. If you take all the money away from 10 rich people and give them $1000 each, in five years those people will likely become rich again. Truth is rich/poor is more mental than physical. Money runs out eventually but rich people are experts in creating more wealth where as poor people are experts in wasting wealth.
So the guy who can't spell "then" or "whereas" is calling someone "truly stupid" and lecturing about IQ. This explains our world right now.
"Let's talk about your favorite currency" :D - That made him really happy hehe
Towards the end when the topic becomes more political
Druckenmiller: here’s the facts
Interviewer: but what about the feelings of people who disregard facts?
Aaron Venema facts don't matter with irrational voters
I like SD as a person, but believe that he cherry picks his facts from time to time. Being a Bloomberg stooge of course the interviewer reinforces heir/heiress dominance philosophy. "For nothing can seem foul to those that win."
89879237 4583475623 - yeah, he says the middle class has never been better. While at the same time he admits real inflation is higher than the CPI. When you factor in real inflation the middle class has been obliterated over the past 30 years. Which I mainly blame on communism (the central bank)
89879237 4583475623 I agree, Ray Dalio published a great article in LinkedIn explaining the causes and evidences of the current wealth gap. If you haven't read it, check it out.
@@ianzeta8839 I think they are just multi-facets. The 'real' inflation on the middle class has gone worse over a few decades but at least some facts might indicate the middle class is doing better than the previous worst scenario.
Stan seems to have less interest and intent than Ray to do PR stuff. Ray has skin in his PR and he showed up in numerous talks with the same points repetitively. Ray's concern could be legitimate, but a greater issue is that we don't have a closer look at the facts. Thomas Sowell's work clearly suggests some objections to Ray's conclusions. And it is very likely that it can be another story of narratives versus truth. Gap is just the beginning of the story, not the end. But it is a powerful trigger to signal another undue public rage.
captivating interview. Great questions across the board.
Great interview. Interesting to look at it 2/23/21 after watching Mr.Druckenmiller recent interview on GS.
Great interview. Can’t agree more on most of his points
This dude is awesome. Honestly agree on almost everything. Good for him and his success.
And yet another person who confuses state sponsored crony capitalism with “capitalism”.
Privatizing the profits and socializing the losses is not capitalism.
Phenomenal interview. I don't agree with him on everything, but even he is quite open to the fact that he may need to change his opinion given new data/perspectives in the future. One of many things I definitely agree with him on is that there is a better shot of truly uplifting the poor/struggling with more effective capitalist approaches than by abandoning capitalism completely. What's needed is for more people to have access to the benefits of capitalism, not fewer!
We are near a financial reset the only question is a year or ten.
Really like this guy, he speaks a lot of sense.
Yes, it seems that we are borrowing from the future to pay for our current prosperity. How long can it continue? Prolonged, low interest rates are creating imbalances that will eventually lead to economic disruption.
Sacrificing the future generations for today's old people.Eating the younger generations lunch.
so use weimar republic as a template on what's to come
When’s this guy going to run for President? Shows that there are good fair people out there that would never run because of how we treat the good guys in politics. We deserve what we have and the competition we see if we do not start to show respect and tolerate other opinions.
"We're close enough to election I dont think he'll do anything too crazy" :: declares war on iran the next month ::
😂😂😂
Dumbass reply IMHO. The terrorist, named by Obama, UN, The World has been blowing up people and Culture since the 1980's. What u saw was elimination of scum, prearranged and ok'ed by 🇺🇸 retaliation by Iran. 80%+of population want regime change. He didn't do that. I am Independent, but time to give Orange Man bad is credit. The guy is getting it done for the World. Stopping China and Sharia Law in USA alone should make him best President ever. It's not a personality contest, it's production.
Hired to make 🇺🇸 1st and doing it.
@@darrellhiatt6500 Hows it smell up there in that fat man's ass dumbass?
put speed to 1,25 🙏
Or work on strengthening your attention span
Dividend Income
I know, right? Lol
What a breath of fresh air. Saying what we all think.
SPOT ON STAN>>>>>Help the early years of children and you change the entire society.
Help? How about stopping the war on men and families.
@@scottlogiudice You dont get it.
great show and thank you for doing this, great work ... jan 9, 2020 thu; just bought GOLD $1550 BTC $7900 and UBER $32
I truly enjoyed this.
f.scott fitzbeagle that was funny as heck . And I laughed my but off when I seen this comment 🤙🤙🙋♂️
Brilliant as always, Stan openly discusses his positions and why more capitalism might be the solution to our problem. Stan’s simplicity and clarity in his views about macroeconomics truly amaze me considering how complicated some these issues can be. One of the GOATs for sure.
Excellent interview. He is humble and thankful, and dealing in facts not political proselytizing.
If this guy lives as long as Buffett, he has the potential to surpass his net worth. He is so smart and so dry, and he plays it down....I learn something new every time listening to him, absolute class act
good interview...erik has really improved in this area...as for drunkenmiller, he is always worth listening too...
middle class and poor are NOT doing well.
Excellent presentation. Very likeable guy with pretty succint information. Thank you.
What a gem of an interview with a genius.
I respect his views
Y'all- invest your money in small local farmers. Better food equals better people. Talk about a good long term investment... Thanks Bloomberg great great interview.
Can anyone explain the alarming rise in homelessness given the decrease in the percentage of people living in poverty? Is is just a reflection of the increasing population?
Yes, those poverty stats are B.S....
Many reasons, but imo it’s largely a cultural failure. People with intact supportive families don’t fall into abject poverty, don’t get into drugs, and failing all that, have people to fall back on to get them back on their feet.
Great point!
Druck is always smart but i am 11 years older than he is and i AM afraid of this economy and can not go long on equities.
So you're short your whole US position? I'm 80/10/10 real estate/equities/cash so not a big stock market follower :P
No offense intended, but if you're 77 you shouldn't go long on anything.
@@Re3iRtH He most likely is invested on short reserves or money market.
you are right about not going long on anything at age 77. the problem is that you have to keep your money somewhere. i am long cash and gold.
Jerry Friedman always keep your money in assets trending up. This means stocks now, regardless of your age.
He stated last year that ¨the fed should tighten until it hurts¨ last year.........no courage from the fed. Monetary policy is the worst the last 20 years. Greenspan started it, Bernanke continued, Yellen did nothing and Powell has dinner with trump once a month. Easy money always ends up in tears.
As a Trump supporter I completely agree with Stanley. If Trump pushes for negative interest rates he'll have lost my vote. We don't need to be like Europe. We need to get back to being like the United States.
How can you support a man who bashes a dead man, John McCain? Would you want to be friends with a guy like that?.
@@spenser6353 john wet start mccaine was a traitor, I spit on his memory and his pal Baggdaddy. Trump knew it too.
Spencer Dassy John McCain was a treasonous, war mongering traitor. He’s watching all of this from hell paying for his sins for eternity
Nort Trump said he wanted to lower rates, because they raised them 5 times in 3 years! When they didn’t raise them at all for 6 years and Trump never said he wanted negative rates.
Pro tip: If you want intelligent people to read past your first sentence, try not to lead with "As a Trump supporter..."
Erik greatly improved his interviewing from last time. Good job man.
Its always easier to lose other people money … TRUTH!
How can they raise rates since the government the can't afford interest on the debt?
The Banks are privately owned
this year Bloomberg is not interviewing Stanley?
love this guy, very composed!
And look where we are just 3 years later. Gear up folks
great interview with one of the investment greats :D
Stan what about Austrian Economics? What about separating money from state/central/socialism banking? How can we get an accurate measure of price when there's an overarching money printer pulling all the levers???
Please inform the host of the difference between imply and infer.
When it comes to global markets, maybe the reason the US is still rising while everyone else is sinking, is solely
because of tax breaks for corps that then in turn buy back there own shares. So in reality the market has long
since stopped rising, and it is simply government handouts to Corps that manipulate what you are seeing, when you
think you are seeing a rising stock market. What happens when the Corps stop buying their own shares?
I put this on 1.25x and he still spoke slow haha
With the multitude of homeless (downtown Los Angeles has 17,000 people in that encampment) I am highly skeptical we have a poverty rate of 13%. There’s some misinformation, manipulation of the data or out and out lying going on somewhere.
Highly skeptical of the references to middle class and lower class "data" which is frequently manipulated, better data would consists of credit defaults, +90 day lates on payments. Middle class is not doing well and obviously homelessness wouldn't be increasing at an alarming rate if the lower class was doing well. Did find some value in this but Druckenmiller is still very far removed from actuality.
Such a good education on impeachment and the fundamentals of our US democracy. Democracy is not just a system, there has to be a set of common judgements among the majority of its people. No system is perfect. God bless America!
Did he have a stoke recently?
A few years ago.
okay! I didn’t notice in his previous interviews. Good info regardless
I don't think so. I think its more of a "lazy eye". Here is a 1994 interview, you be the judge. ruclips.net/video/P7NxHdb4Fp4/видео.html
One of the only guys that really dislikes Trump that has a rational argument.
I love this guy
This is one of the many subjects on finance, stocks and markets, they talk for hours without letting you understand anything. Both the speaker and interviewer try to show that they understood each other. Doubt it? replay and listen again and again.
What about the housing bubble setting it off? How many ARM mortgages are coming due each month?
Great interviewer
Food prices rises are coming
So money stops being the drug of choice
Andy Gratton there here.
Middle class is doing well...68% of US people can not save $1000...it was 57% last year. This guy is totally wrong about the reality.
source, how can that be true?
JP From Zero hedge. 45% has no saving. 23% has 0-1000 savings. 12% has 1001-4999.
kang shinok The only thing working for middle class people is there 401k retirement accounts if they have one or the appreciation on their house. Otherwise cost of living, particularly housing, consumables and education is rising at a much accelerated rate than what the Federal Reserve and these so called Pseudo Economist convey the actual inflation rate transpires to be.
Mike Alpina Sorry, unfortunately 401k is going to be eaten away by inflation caused by FED moneytizing government debt for the next decade. Just live simply and save hard into undervalued real assets like precious metals.
Always a joy to hear one of the great greats speak.
Bring Stan Druckenmiller back on to ask about coronavirus. Also, Stan Druckenmiller needs a twitter. cuz we all wanna know his thoughts
I love how Stanley can act out his inner Hischer Booptrunk
on Bloomberg's cast of characters
The President never said he wanted “negative” rates.
Donald J. Trump
✔
@realDonaldTrump
· Sep 11, 2019
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....
J S
Looks like you’re an idiot, J S.
Before you talk dirt about these trading greats. You should do some research and see how much of their fortunes they have given away for wonderful causes. How many billions of dollars have any of you donated? And could you go to a job without guaranteed pay or the possibility you could lose money?
He doesn't talk about infatuation the devaluation of money
Outstanding interview, I'm suprised that it seems Druck has ditched gold for copper
The end of a trend. Boomers, confused about their own greatness. The jokes of history.
“Giving philanthropic private funds to ‘succeeding social entrepreneurs’ is a lot more exciting than giving it to Pelosi or McConnell”
Druckenmiller ! Good name for this dude!
. . the UK will now go from strength to strength . . . He is right . . .
what's the pattern on his tie?
normally its a bear animal pattern because he likes shorting the market. he has worn different bear pattern ties on several occasions
frick yeah more Druckenmiller
43:05 "this man has created 667,000 jobs"....not net additional jobs to the economy. those jobs were also lost to the retail brick and mortar. many more jobs were actually lost for brick and mortar retail than the 667k Bezos added for internet shopping. he is talking out of his ass here i have to say.
thank you, great interview
Wow, I used to have so much respect for Stan.
Man was I wrong.
In essence he’s espousing the virtues of corporate greed by sending all of our middle class manufacturing jobs to Asia (China) for cheap slave labor at the expense of a dead middle class here.
He talks about all the millions lifted out of poverty here? Are you fricking kidding me dude?
Have you drove much around downtown LA?
Love Stan! Good interview Bloomberg! (y)
I guess Stan doesn't know about Deutsche
@James Zell you sound like a sheep who would say something like " you can't make money trading". These guys are often wrong and lose big as well. Dont be a fool.
All I can say is that this guy is wayyy more competent than me