Stanley Druckenmiller: Why we're spending like we're still in the great depression is beyond me

Stanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, why Druckenmiller cut his Nvidia stake, latest market trends, and more.

[@NicolaPellegrini546]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@HarryMurphy47]

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@CatherineBates-bg4fc]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation from $275k to $850k.

[@AlejandraIgnacio-vv8tx]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

[@CatherineBates-bg4fc]

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@FrankBoston-lw5nk]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@Jamesjerome0]

Honestly, you are very right Stanley and Biden has to listen to this. I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

[@GaryNicka]

Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.

[@kurtKking]

I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.

[@frankedwardark]

Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@kurtKking]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with 'MICHELE KATHERINE SINGH' for the last five years or so, and her returns have been pretty much amazing.

[@frankedwardark]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@NicoleBarker-he2vp]

I am an active duty service member and I have been investing for a few years. I have reached a point where I could benefit from financial advice to improve my $160k portfolio which seems to be stagnant and maximize return on my investment.

[@RusuSilva]

You didn't provide detailed information about your portfolio makeup. However, I recommend seeking guidance from a financial advisor for a well-informed portfolio restructuring.

[@RossiPopa]

De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.

[@FusunTumsavas-cq7tp]

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.

[@RossiPopa]

Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@FusunTumsavas-cq7tp]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@brianwhitehawker1756]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[@BerryRyan-gl3sm]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@yeslahykcim]

Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

[@Jadechurch-ql3do]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@yeslahykcim]

Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@BrettaANordsiek]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@johnh3819]

I earned an MBA during night school and paid my own tuition out of pocket over the course of years. For the federal government to transfer the student loan liability of others to me is infuriating. There is no such thing as student loan forgiveness. It's simply a transfer of the debts of college attendees to those without college education or student debt of their own. The policy is wrong and immoral

[@roc7880]

the same happened when the government forgave the loans during the pandemic, they just shifted the loans to the business owner who paid them. where is the difference?

[@ohyeahhh3221]

Not only that but it doesn’t fix the problem. The solution is to cap how much a college can charge for tuition. If and that’s if they were able to forgive some loans, it would only encourage colleges to keep hiking up tuition knowing the government could potentially excuse loan down the road again.

[@IrynaBoehland]

And what's more infuriating - the students with "liberal degrees" aka worthless degree get "the forgiveness" aka debt transfer to taxpayers. And we just sit, listen, talk and get upset, but do nothing about it!

[@reggiel4204]

Great for you, unfortunately many citizens accepted predatory interest rate loans from banks that were 'back-stopped' by the U.S. government. Those eligible for loan forgiveness have been struggling for years to repay the loans. The dream of a good paying job based on a college degree still eludes most. You probably paid much less for your college degrees than is available to any student in recent years. Eligibility rules are complicated but overall loan forgiveness should benefit the U.S. economy by having stronger consumers (it could cost us up to $ 1 trillion). No direct benefit to you or me but neither was the trillion dollar Trump Tax Cut. The rich benefited and we as taxpayers must pay for it.

[@IrynaBoehland]

@@reggiel4204 laughable fallacy! The cost of college vs cost of living there and now are almost the same. Try again

[@tommyl3207]

Milton Friedman taught us that Government andGovernment ONLY causes Inflation, and he edified us on that score 40 YEARS AGO!!

[@brent4073]

For the last 40 years, it has been hard to buy a hard currency. You ever try to evaluate what karat a gold piece of metal is? And get the weight of it accurate otherwise someone is losing money? It is hard. BTC easily measures everything for you

[@pogiboy3571]

it's the great deshuffle coupled with the great deficit.... the perfect storm has been deliberately spun.

[@persimmontea6383]

Milton Friedman didn't believe market bubbles even existed ... he hated government intervention and this helped bring on the 2007 crash ... he is laughed at today ............ and just like this fool today he said all the government needed to do was get out of the way

[@ronaldlindeman6136]

Well, maybe only Government. But consider that miles per gallon in the 1970's was 14 MPG. In 1980's car companies increased MPG on car vehicles to 23 MPG. Oil prices went down because worldwide, less gasoline and other fuel usage went down. Did that affect inflation?

[@Erikpdx]

Not true, though. Commercial banks increase the money supply through fractional reserve lending.

[@USGrant21st]

Stanley Druckenmiller is an interesting fellow. He is just as often being right as being wrong, but unlike the rest of us, he manages to make money no matter what.

[@nathanvanwie643]

I mean, he has been a consistent vocal bear for 20 years while being long the stock market. He makes money telling people to do one thing while doing the other himself.

[@MartinJG100]

@@nathanvanwie643 I would say he is a typical example of what makes a successful macro trader. He makes more than he loses and despite his own reservations on fundamental matters, plays the market for what it is.

[@Erikpdx]

​@nathanvanwie643 you can think the economy is weak but see the market is still in an uptrend. It's the difference between trying to be right and trying to make money

[@nathanvanwie643]

@@Erikpdx yeah but you missed the point. If you are always telling people to sell or saying the market is about to crash and you are the opposite of short looks a bit fishy.

[@Erikpdx]

@@nathanvanwie643 go and find a source of him telling people to sell. I'm guessing you won't find anything

[@user-nd3fp5fl8n]

The Federal Government has been spending, spending, spending. We do not need to stimulate the economy anymore. We need deficit spending caps for the entire government added to the law and the budget process. We need to enforce spending discipline, except in rare emergencies. Stan, thank you for being a serious economic analyst who talks about numbers.

[@HepCatJack]

So you want Taiwan semiconductor's crucial microchip production, a near monopoly to remain in Taiwan where it can potentially be seized by China who could then decide to raise prices considerably for them ?

[@nosecretsfishing3661]

Druck went on TV in late 2022 and told everyone a recession was coming, but then loaded the boat on equities.

[@ClearlyNutz]

I remember this.

[@nosecretsfishing3661]

@@ClearlyNutzno he’s trying to scare the market again with the national debt bs

[@SadDays-21]

​@nosecretsfishing3661 The national debt is indeed an issue. Just becuz DruckenMiller has alternate motives and is not always honest, it does not mean everything he says is wrong. These moguls excel in mixing the truth with false info. The deficit and debt are indeed getting out of control, even if this guy has selfish intentions.

[@SadDays-21]

😭🥺😢😥 These people should be arrested for market manipulation. And CNBC hosts should confront these people about their lies, instead of just pleasing them. We don't need to listen to manipulation no matter how famous or rich these guests are.

[@quikslvr01]

Sounds about right. He is mad because the rich is loosing money and the poor is employed and wealth is being transferred with Bidenomics. What do the rich do? they inflate everything and blame "Policy" 🤣.

[@jeanb8643]

Fiscal spending is out of hand and the Fed is the enabler. Well said.

[@chobson8602]

and militarization of economy , he missed that spending

[@ctzoomie]

Government spending: political class career enhancement program. It's awesome to spend other people's money.

[@brent4073]

It is buying votes and perpetual one party votes.

[@theodorearaujo971]

The 7% budget deficit is when compared to GDP. The fiscal deficit for 2023 was actually just over 30% of the budget.

[@jeffreymarshall4572]

Granny Yellen and the treasury won’t stop spending until something irreversible breaks. MMT was always gonna be suicidal.

[@Erikpdx]

We've heard that forever and it hasn't broken yet

[@jeffreymarshall4572]

@@Erikpdx Well it’s true that government’s can get away with Ponzi’s schemes longer than your average crook, even for decades. The level of debt madness since 2008 has been insane. But it always ends the same. My guess is we’re getting closer to the end. We’ll see…

[@John-zh1ud]

@@Erikpdxgradually, then suddenly... that's like saying bus can't fly off a cliff because it hasn't flown off a cliff despite getting closer.

[@Erikpdx]

@John-zh1ud the rider peeing his pants every day for 10 years because he's afraid of a pending crash seams a lot more silly and less rational

[@lemontadams3029]

the Dow posted its longest winning streak of the year, the wish to buy a home survey hit a record low. And making a bad situation worse, apartment renters expect rents to increase by 9.7 percent over the next year… as their earnings can’t even keep up with inflation.

[@PeterSedesse]

That is partially because of a change in work. In the 1960's you got a job in a factory, and spent your whole life living in that town, so a 30 year mortgage made sense. Young people today do not want to live in the same place for 30 years. It just makes more sense to rent when you see yourself changing jobs every few years and want the freedom to jump across the country any time you want. I am an older person, so it is hard to put myself in their shoes, but I live in Austin and you see it here bigtime. It is expensive to buy a home here, but only because so many people are buying homes, and then renting them out. I think with way too many things, us older people think everything should be compared to how it was in 1960.

[@shredbtc]

It’s like he understands our pain

[@alexgarcia6267]

Except he has millions more in his bank account

[@JxLx2022]

why is the MSM not getting this message out there more.. Govt is spending spending spending.. where are we getting the money???? PLEASE EXPLAIN THIS TO THE AMERICAN PEOPLE...

[@Erikpdx]

The Treasury sells bonds. That's how people can get 5% interest on their cash. The banks are buying bonds

[@JxLx2022]

@@Erikpdx .. but the Federal Reserve also buys bonds too... so make that make sense... how does your own govt buy it's down debt???

[@Erikpdx]

@@JxLx2022 what part doesn't work? It's working right now

[@royprovins7037]

It will continue until the markets and other countries lose faith

[@ashog1426]

Amero.

[@windsong3wong828]

The USA companies have lots of cash in their balance sheet. The public debt of $35 Trillions is ridiculous. Meanwhile China have $7 trillions in overseas assets. USA would need friendly countries to buy its Tresuries. Russia, China is out ……

[@PeterSedesse]

89% of US debt is owned by US citizens, US banks, pension funds etc. It is a huge myth that China owns us. China accounts for less than 5% of our total debt, and this is mainly individuals in China, not the gov't. And the reason they invest in US bonds is not as some take-over scheme, it is because our debt is the safest form of investment. The idea that the chinese gov't is slowly buying up our debt so they can own us is just a total myth. JP Morgan owns more of the US debt at any one time than China does.. and there are probably a dozen large US banks that own more of the US debt than the Chinese gov't does. Russia is insignificant in this discussion... they are like the 13th largest economy in the world now and don't buy debt of other countries since the USSR broke up.

[@Erikpdx]

Most treasuries are sold domestically to pensions, banks, and citizens

[@windsong3wong828]

@@Erikpdx There are still like 30% short….

[@Erikpdx]

@@windsong3wong828 we didn't sell to them historically because we were short demand elsewhere

[@windsong3wong828]

@@Erikpdx If you read all the facts on these issue, you will arrive at the conclusion that a lot of nations in the world holds the USA T bills . Maybe 30%…..or even more.

[@BP-1972]

Why do we pay taxes when the gov can just make money out if thin air?

[@prolific1518]

Because we are in a silent depression.

[@rickwilliamson1417]

Amend stanley

[@goma12x]

He made my case on why I have bought gold and continue looking to buy on pullbacks

[@thecryptobunker]

Notice he mentioned blockchain and A.I. interesting. Government not only spending but regulating crypto away.

[@ChalrieD]

Easy solution, end the military spending and double social spending and still have a surplus.

[@brentandrews5945]

Great breakdown Tom, Thanks

[@MsJenniferinNYC]

Exactly.... Where is this money coming from? falling from the sky?????! Absurdity!!!

[@CaptainCrypto414]

Milady Meme Coin will go craaaazy on Mother’s Day

[@tackthekack1]

It's all about assets. The rich want to own them all (schools, roads, hospitals, bridges, energy, etc) they don't want the poors or the government to have any. How dare the government spend on buying or creating assets!!!

[@jayworley1583]

Let's let people with government loans borrow money via 2nd mortgages against their fake home values and lock them into higher payments just stimulate spending. Now, I'm no economist, but this sounds worse than lending money to subprime borrowers who couldn't afford their homes circa 2006. Oh! And who owns most of these loans? The Fed, that's who (aka lender of last resort who will backstop ANYTHING). ROTFLMAO!!!

[@MsJenniferinNYC]

Corruption in govt... Congress has huuuuuge investments in the stock markets so therefore they don't want the markets to tank and it isn't public record yet because they never sold them. Just a thought. Not sure how and when and what they need to disclose stock investments

[@robertopalomino4604]

No one is willing to make a hard choice on the fiscal spending. The ideas the next administration has are to cut revenue, via tax cuts, more than the cuts to spending. I would say reform the programs instead of just cutting fund or throwing money at it. You could probably save 10-30% of the cost of welfare programs.

[@PeterSedesse]

I could give you the federal budget and tell you to cut 30% of any social spending program (non-medicare or SS) and even if you cut them all by 30%, it wouldn't even make a dent in our budget deficit let alone our national debt. This is the Republican myth... that all these small social programs are the reason for our debt.. omg, we give cellphones for people trying to get a job... none of that is even a drop in the bucket. Trump gave $4 trillion in tax cuts to the richest 10,000 people in the USA. that amounts to almost 3x the total of all discretionary social spending. You could completely eliminate, not cut by 30%, all those social spending programs for 10 years, and it wouldn't make up for the deficit caused by Trumps tax cuts.

[@pangmeister]

Well, Fed spending as a percentage of GDP is at all time high 37%. This is only needed in great depression.

[@JonathanHerz]

Totally untrue that there was no technological innovation in the 1930s. Food processing, aviation, automobiles, and electric utilities were all industries that were innovating at a very rapid pace during this time.

[@m3talHalide-rt2fz]

There's a world beyond our domestic economy, and even though domestically we dont need things like the CHIPS act, globally, we do if we want to maintain the nice standing we have today. We are being forced to step up because our competition isnt giving us a free W - ok, fine; let's manage that like the big boys we are. China got slowed down by their real estate, but it would be foolish to mistake that as a permanent lead that would persist without incentivizing specific investment to compete with their command economy. We've pushed them to develop advanced semiconductors in-house. They will, and the learnings getting there will help them a lot. We're not going to win with kids questioning the value of a college education. Maintaining the tech, infra, and services dominance the US has is only going to get more expensive, but looking at what Europe is struggling with now, I dont think its even a question. But the sooner we get into the income conversation (tax), the better. Its just dangerous, because increasing taxes, especially on the wealthy, greatly magnifies the constriction effect of Fed rates, and the two arent supposed to coordinate.

[@Peeps-pt5gn]

Bernstein, A confused advisor giving confusing advice to a confused president... Maybe Janet Yellen...will...uh...oh boy...

[@anthonymacchia6795]

he said it

[@sigg3504]

Yes, yes, yes...."we need the govt to just GET OUT OF THE WAY" nailed it!!!!!!!!!!!!

[@73ajd1]

Yea... let's just deregulate everything. What could possibly go wrong?

[@Jason-sf8vx]

Excessive spending with run away huge deficit will cause imbalance to sustain growth and financial stability in the future

[@Slide61]

By innovation do you mean 'financial innovation'? Well that is why we are where we are. We don't need anymore of that.

[@teebone2157]

Never seen a plan to pay college child graduates ???? I had my loan forgiven and no check arrived in the mail.

[@GrantDWilliams82]

oh god shut up. You know exactly what he meant: you are getting the opportunity to spend money that you earn that you would have had to give to the people who loaned you money for school. That's exactly the same as if they had just written you a check.

[@kennethbrettel8762]

YEAH THEY SPENT TOO MUCH CUTTING TAXES

[@MsJenniferinNYC]

UHMMMM interest free loans

[@viewerone]

💯

[@JohnH-mo5mb]

Spending taxpayers money is like a drug. It makes these irresponsible guys in Washington feel powerful. And after years and years of doing it, it feels normal. Unfortunately, the people responsible for the misery to come will never be held accountable.

[@FrizzelFry]

What is 'the capital stock' ?

[@steverobson3834]

Built up savings and assets (such as factories) available for deploying into creating new things.

[@Jay-ut9ov]

He must be talking about tax cuts, because that's what is adding $3.8T to our debt.

[@davenovak2106]

CNBC is such a joke.

[@bn7228]

Check his hedges and shorts

[@philiscoolerthanu]

Spending like a Druckenmiller sailor

[@zcorpalpha2462]

🤣

[@mattsoccer23]

So Congress passes the budget and the president signs it. At that point Yellen is required by law to pay for what's in it. Not saying she's totally innocent but she really can't just cut spending on her own.

[@PeterSedesse]

Yep, it is like juggling when congress just keeps throwing her more balls to juggle. But hey, the GOP likes to have conspiracy theory boogie-men they can name.

[@thomasruge]

A lot of what he states is true, but we don't have a loyal opposition party with Trump as the nominee.

[@HepCatJack]

What does the sober miller have to say ?

[@dr9gonkid20]

Says man who wants to spend money quickly

[@lawrencefeldman462]

We should just give the keys to the White House to the Chinese. For its soon going to be how we pay them back for our default on Treasury bonds.

[@PeterSedesse]

Chinese citizens own about 3% of our national debt, the Chinese gov't owns less than 2% of our national debt. JP Morgan owns more than both of them combined.

[@matthewm8289]

SPending like in the great depression because all roads, bridges, rail, hospitals, schools were all built in 1930. SO they need to spend on infrastructure massively. CHinas infrastructure is better than the USA.

[@GeorgeSchneider8889]

It is not like we don’t have enough resources to work on our own infrastructure projects. Corporations just spent $5.5T on stock buybacks instead of creating new jobs.

[@ran274]

Increased defense spending by $50 billion less than three months after Afghanistan withdrawal. It's all graft.

[@ashog1426]

And this is on NbC lol

[@nikkidawn4530]

Don’t forget about foreign aid. 🤦‍♀️

[@IrynaBoehland]

you know, it aggravates me - Ukraine aid... where only 5% goes to Ukraine! Where DO the money GO?????

[@nikkidawn4530]

@@IrynaBoehlandMorris Investments stated Ukraine will lose the war in 2 weeks 🤷‍♀️ IDK.. What I do know is we used to hear about the war in Ukraine everyday when it began and all we hear now is how much money Bidenomics is sending Ukraine.

[@philfortner1805]

Listen to Mertle the Turtle and spend buy buy spend and then say 'yes' in an overly loud way.

[@RJeffreySmall]

Whitehouse.

[@FOURTWENTY.SIXTYNINE]

Good to see they let this guy visit from the retirement home.

[@rechutriers5592]

You’d figure out why they were spending if you would ask someone and figure it out. First talk to a scientist

[@ryanotis7289]

“They misdiagnosed Covid…”

[@kalightcencen7460]

And for shure you betting is on armament (the so calked defence)

[@HOHLfmly]

Best investment areas to invest in USA in 2024 where you can compete with China due to tarrifs. -Solar cell to double to 50%. - Steel & aluminum 25% -Semiconductors 50% -Medical supplies -Batteries -Critical minerals - Ship-to-shore cranes.

[@cjgray9352]

When mentioned bidenomics dude about laughed out of his chair

[@willybyun1834]

Easy for him to say , after he received all the benefits for himself and his company. Now Complaining. Little weasel .

[@ferrariscuderia4290]

Bidenomics baby! As clever as the vegetable who it was named after!

[@mtsutphin3468]

He mentions college kids but not billions in weapons and free money to other countries

[@jamesj131]

He is heavily invested in companies like Microsoft that have large military contracts. “Having impressed the army with its prototype, Microsoft won a subsequent contract two years ago to bring the device into production with a contract worth up to $21.88 billion.” Mar 26, 2023

[@ssuwandi3240]

There's a word for thar spending. Fascism. Shame these CEOss could have retreated from more debts!

[@jaysteve4442]

What?

[@fazotakeiteasy]

I just stay in my lane too...all while buying Bitcoin.

[@edmitiu7383]

Robber Barron...

[@69pepe420]

ribbit

[@GeorgeSchneider8889]

We can easily close the deficit if we stop mal investment. From 2000 to 2024, major companies spent $5.5T on stock buybacks instead of reinvesting them in new jobs.

[@chintandobariya472]

Government should go out. But Trump will come and will destroy further this 😂

[@sonnybimbo2940]

Not to worry. The printing presses are still working fine.🤣💵🤣💵🤣💵 We're all doomed!!!!! All kidding aside for a little bit. My opinion is if you spend more than you make, your eventually going to end up with loads of debt ( myself included.) That's not a healthy financial decision. However I can work my way out of the hole.And that takes time. Hopefully we can have a real conversation about this.

[@prettyflower01]

You'd figure corporate America (airlines, oil and gas, banks) knows this so where are their rainy-day accounts? Oh, that would be us, the taxpayers. Hmmm... meanwhile their CEOs are pulling millions. To add insult to injury, they use every loophole in the book to and pay little to no federal taxes. Grrrr... That's upside down.

[@mateusz3162]

also Trumpy Dumpy was spending even more

[@obioraabiakam8644]

I hope he didn't benefit from any bailouts given to Wall Street during the Great Recession.

[@disneytakeshugedix7463]

America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣

[@46852]

Don’t forget all the money our government gave to Israel and Ukraine.

[@JoeDurbs]

Another arm chair quarterback 😅

[@ratsuel8152]

You are talking about the GOAT. What the hell are you saying?

[@jaysteve4442]

Saying to just leave it up to the private sector is one of the most ridiculous takes ever. I mean not surprising based on who said it, but cmon now. Left to their own devices, we know what the private sector would do re: prices so remove themselves is the last thing the govt should do. Look no further back than post-COVID. This inflation is directly as a result of letting the private sector do what they wanted. Druck is a smart guy, great trader, but he’s only looking out further the top 5-10% when he makes those type of comments.

[@longvalnicolas5991]

Fiscalflation

[@brycejohansen7114]

I don't think the private sector is really the answer because the innovation that's being done only benefits the companies, it doesn't benefit the people.

[@keimo2007]

Drunkenmiller ought to be arrested!

[@WayneAlazraki-hq8et]

That was trump

[@DanyCesc83]

He’s right we need a balanced approach but this is also why we need to get these old farts out of positions of power, the guy can barely breath and function.

[@reggiel4204]

Why does a billionaire broadcast to the public (for free) information that he has not provided to his paying clients? He stated that he sold Nvidia because AI is over-hyped. Perhaps Druckenmiller wants the public to sell Nvidia because he is shorting the stock and/or would like to buy it back at a lower price. Hmmmm?!

[@JonathanHerz]

Interesting, but you won’t get any real solutions out of this guy

[@CMN1186]

Another boomer lol

[@kojorichardson4283]

Thi

[@goeagles14]

Druck is full of muck

[@NathanAtkinson590]

This guy is a proven liar and will say anything on air to make himself a quick buck.

[@nosecretsfishing3661]

He just wants markets to sell off so he can load the boat

[@georl1]

This is from a billionaire who is getting fat on the 14% tax cuts of 2017 and counting. Where is his fair share in our treasury?

[@SigmaShorts911]

Durr maybe because we're in one

[@kelvinreins6290]

Keep voting Democrat Druck.....

[@julioc.gavotti7276]

Have another drink Stan, you're not toasty enough.

[@paulchoi1461]

We don’t really care about Druck’s view on politics. Let’s talk about his views on the market and investing

[@scottsinnott2636]

What drunkemiller is missing is the necessity of investing in the future of the country. The USA has a lot of deferred maintenance in infrastructure.

[@rustler160]

Because we live in a democratic world, our politicians' positions are so fragile, they have no confidence to do the right thing anymore: spend the money wisely.