Sep 9, 2020 at 19:00 UTC
(Neilson Barnard/Getty Images)
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.
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
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
See also: Let Them Eat Equities! The Economic Chickens Come Home to Roost, Feat. Luke Gromen
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
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