‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible

coindesk

The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.

Today on the Brief:

  • Markets recover slightly but vaccine trade falters as AstraZeneca pauses trials 
  • Bitcoin and gold correlation increases sharply around dollar instability
  • Mastercard launches simulation tools to help develop central bank digital currencies

Our main discussion: Stan Druckenmiller speaks!

NLW breaks down the famed investor’s interview with CNBC today, including: 

  • The merging of the Fed and the Treasury
  • Mania in financial assets 
  • A growing fear of future inflation 
  • Why the next three to five years are going to be extremely difficult
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