Druckenmiller on 2020 Outlook, Monetary Policy, U.S. Election

313,891
312
Published 2019-12-18
Dec.18 -- Billionaire investor Stanley Druckenmiller discusses his economic and market outlook for 2020, the direction of monetary policy, and the upcoming U.S. election. He speaks exclusively with Bloomberg's Erik Schatzker in New York.

All Comments (21)
  • @80sruler
    One of the rare interviewers who asks interesting questions, understands what he’s asking then shuts up so the guest can speak - well done
  • @ddubsr5886
    This interviewer did a fantastic job. Well prepared, asked great pointed questions. respectful. Good job bloomberg
  • That’s why I respect Druck more than any investor. Still has the guts to bash the media.
  • @EduardoLima
    “That’s very good” Stanley’s dry humor is hilarious
  • @TheArtofTravel
    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
  • @dt-jy1ig
    Spot on about Powell. Rare to hear an honest assessment of Powell’s clumsy maneuvering
  • @Monopolist91
    Interviewer is really good here, way to let a legend talk!
  • @mwjbase
    30% compound annual returns for 38 years - I listen to each interview he provides
  • @tertiary7
    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.
  • @Shark-Hp
    druckenmiller is a very sobermiller.. he needs to teach us youngmillers how to run the game in various environments.
  • @nickzivs
    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.
  • @Sojourner88
    Good interview, none of the incessant interruptions like some other 'interviewers' like to do.
  • @glory7086
    “How are you adapting?” I wonder how much gold he has in his “personal” portfolio.
  • @aaronvenema
    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?
  • @abishekraju2988
    What class. Im such a fan of Drukenmiller sir. What an incredible person. My role model.
  • @Pjblabla2
    great interview and interviewer - "there is nothing wrong with deflation if it is driven from the supply side"
  • Guys, seriously, a mini stool for a 50 minute interview of an old billionaire. Why not add torture spikes?
  • @rogerrose4845
    We are near a financial reset the only question is a year or ten.
  • @774kblake
    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.