Stan Druckenmiller: ‘This Is The Most Bizarre Process I Have Ever Seen’

Stan Druckenmiller: ‘This Is The Most Bizarre Process I Have Ever Seen’

"With that kind of unprecedented stimulus relative to the circumstances, it’s hard to have anything other than a constructive view on markets, risk and the economy in the intermediate term", Stanley Druckenmiller told Bloomberg TV, during a wide-ranging interview on December 18. Suffice to say things have changed a bit in the five months since Druckenmiller sat down with Erik Schatzker for a chat that included an amusing lamentation about the impossibility of investing when you have to "wonde
Subscribe or log in to read the rest of this content.

10 thoughts on “Stan Druckenmiller: ‘This Is The Most Bizarre Process I Have Ever Seen’

  1. It is reassuring that someone like Stanley , who is someone who will be heard , said it like it is.with no ifs and buts added…… The rest of us, I think , feel like Coyotes howling at the moon while this political /financial system gives us a sharp stick in the eye with 50 pages of rebuttal….. Nice post H..thanks.

  2. Who can say how people will eventually react when they understand the difference between potential and possible virus treatments, versus virus vaccines. The market currently seems to be confusing unlikely treatment options with a realistic working vaccination. Maybe that reality isn’t priced in just yet and maybe people won’t understand the difference for a few years

  3. I have heard the “paying more not to work than to work” analysis from so many 1%ers now I’m losing count. Why do the likes of Goldman and co. continue to go out of there way to characterize a few more bucks a month, via a program with a short sunset, amidst once in a lifetime levels of uncertainty, collapse of entire industries and careers, for those lucky enough to break through the Kafkaesque unemployment system gauntlet (far from a given) as somehow “doing better”. Do they really expect us to believe this is a serious intellectual basis for a quick and sustained rebound in consumption and demand, like Kyle Bass? Are 30+ million careers really just supposed to reappear as these programs run out? What exactly is the alternative, a famine in the richest country in the world? It also ignores the huge cash-based, under-the-table economy in the services sector that has all but evaporated, much of it for good.

  4. Inre Druckenmiller, Cramer had it right (for a change) a few minutes ago: Stanley is a member of the stay-rich crowd, the rest of us are the hoping-to-be-rich hoi polloi — and the two do not think the same way about markets and investing.

    1. If I’m not mistaken, Cramer’s net worth of $100 mil puts him in the already rich crowd as well. Never trust what that guy has to say…he’s simply a TV hack that takes every opportunity to “talk his book”. Sorry, I just have a visceral reaction to anything Cramer-related.

  5. The worry of earning more to not work that work is pure political pandering. It would make sense a ‘moral hazard’ concern if there were jobs. But for the ones most affected there are no jobs. Seniority rules and people will go back based on their seniority benefit to keep the upcoming scarce job from falling away.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.