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

[@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

[@LandDestroyer]

@Ranjit Chakravarty Please elaborate

[@royreyes8422]

MrPractical wacc cost of enrty

[@lostincanada3880]

Watch David Rubenstein interview on Ray Dalio, he did the opposite of this interviewer.

[@jazdrew]

You should check out Real Vision. They do amazing interviews. Here's one with Druckenmiller and Kiril kzbin.info/www/bejne/fV6wnaWmpLKcnZI

[@albertanalyst123]

Mutual respect as we should always appreciate, and I guess the host indeed appreciated the views from Mr. Druckenmiller.......

[@ddubsr5886]

This interviewer did a fantastic job. Well prepared, asked great pointed questions. respectful. Good job bloomberg

[@crossing3790]

you sound like a paid troll. No one really talks like you.

[@ddubsr5886]

crossing I wish. Who do I have to contact to get the check? I’ve watched interviews where they talk over the other person, they don’t ask pointed questions that the audience wants to know the answers to and it’s a complete waste of time and I call those people out. I found the opposite to be true here and I commend that and hope the executives see that and produce more content that way

[@ashthegreat1]

Yeah - I thought the interviewer was actually better than the interviewee - in much the same way a good jockey can still win on a slower horse 😎

[@muddyriverdogz]

My question would have been...How can you have capitalism and a free market if interest rates are being suppressed ? Is not this economic policy giving money to the top through thestock market by borrowing from the future ? I have some question's for some of his answeres. He seemed to be double talking. I could create a lot of jobs to if i was getting free money borrowed from future generation's. But ultimitly and obviously there is a problem with that model in the future.

[@ddubsr5886]

muddyriverdogz your correct in your question, although I’m not sure if your being rhetorical. Manipulating interest rates absolutely distorts capitalism and allows money to go into places it normally otherwise would never go causing mal investments on a grander scale

[@EduardoLima]

“That’s very good” Stanley’s dry humor is hilarious

[@josefk5659]

He was so funny

[@giannisskourtis7740]

That’s why I respect Druck more than any investor. Still has the guts to bash the media.

[@Juan_Hernandez_Jr.]

Hahaha.... I couldn't believe he said that. That was awesome! Hahaha... The look on the interviewers face was priceless, Hahaha....

[@herrwahnsinn4229]

@James Zell White collar criminals

[@rmicone1]

oh poor billionaires boo fucking hoo

[@mwjbase]

30% compound annual returns for 38 years - I listen to each interview he provides

[@taylorcollins615]

same

[@RealRosieRuiz]

He used 4x1 leverage. Do the math and his picks made the market average, minus the dividends.

[@yanjimbo]

30 net, 40 gross

[@sammiller552]

yup and i wait for months for another one. seriously i wish he interviewed more

[@grass.dihenia2590]

Well technically the 30% annually without a down year was for his "competing" 30 years as a fund manager before the family office

[@Monopolist91]

Interviewer is really good here, way to let a legend talk!

[@somchai9033]

Legend? Laughable.

[@Monopolist91]

@@somchai9033 I assume you know nothing. Only the best .01% of money managers can do 30% annualized for decades.

[@dt-jy1ig]

Spot on about Powell. Rare to hear an honest assessment of Powell’s clumsy maneuvering

[@actualideas8078]

Not quite spot on. Spot on would be: “ every fed chairman and member should be in jail for counterfeiting money” that would be more spot on

[@Dave.S.TT600]

@@NoBody11010 YES Indeed

[@abishekraju2988]

What class. Im such a fan of Drukenmiller sir. What an incredible person. My role model.

[@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

[@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.

[@ep9203]

Best comment ever!!

[@ipredictariot6371]

Wait until after the election though unless you think the socialist wing is getting in.. in which case get out as soon as you can!

[@jen_nice2059]

Stuart Clark it’s all the same.

[@zarni000]

well that's always the case really. anybody can say that.

[@alecweitl2477]

welp. crash has arrived

[@kingcountyband]

My favourite interview of the past 8 months. Stan Druckenmiller is such a great guy!

[@spencercunningham4327]

First time I've viewed an entire interview of Stanley Druckenmiller. I have massive respect for him. Thanks for your insights.

[@Shark-Hp]

druckenmiller is a very sobermiller.. he needs to teach us youngmillers how to run the game in various environments.

[@Sojourner88]

Good interview, none of the incessant interruptions like some other 'interviewers' like to do.

[@actualideas8078]

Donuts I remember when I learned the word incessant and wanted to use it all the time to sound smart too

[@robertbrawley5048]

@@actualideas8078 im going to use it all the time from now on. Incessant.. That sounds snarts. I mean smarts

[@actualideas8078]

Robert Brawley try the word pernicious. I learned it from this video.

[@notbot8830]

Quit being assholes.

[@FiguraTheChancellor]

Ive listened to this three times and it keeps getting better.

[@Baranoeda]

This guy is the god of trading (not investment). He is long things that go up, and short things that go down. Period. Completely unbiased. He may have a long term personal opinion, but it does not affect his positions.

[@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.

[@kirilmihaylov1934]

If free market come it will delete the whole system. Prices will fall and people with assets will get crushed big time. So it ain't that simple

[@jazzypoo7960]

@@kirilmihaylov1934 Free markets only exist in the minds of the believers.

[@kirilmihaylov1934]

@@jazzypoo7960 true that

[@GapModel1]

If you truly believe that these gains are being made on the backs of the poor than you are truly stupid. Poor people are poor because they lack the IQ to handle money efficiently. You can give 10 poor people 1 million dollars each and in 5 years they will end up poor again. If you take all the money away from 10 rich people and give them $1000 each, in five years those people will likely become rich again. Truth is rich/poor is more mental than physical. Money runs out eventually but rich people are experts in creating more wealth where as poor people are experts in wasting wealth.

[@RealRosieRuiz]

So the guy who can't spell "then" or "whereas" is calling someone "truly stupid" and lecturing about IQ. This explains our world right now.

[@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.

[@antoniamizrahi498]

Kevin Blake all of this! The middle class has been long dead, people need to wake up.

[@davemilke3110]

Perfect level of tension in this interview to draw out some good insight from a smart guy.

[@Malisti04]

5 months on , how did you do?

[@davemilke3110]

@@Malisti04 Still too early to call.

[@Pjblabla2]

great interview and interviewer - "there is nothing wrong with deflation if it is driven from the supply side"

[@williamolenchenko5772]

Yes, it seems that we are borrowing from the future to pay for our current prosperity. How long can it continue? Prolonged, low interest rates are creating imbalances that will eventually lead to economic disruption.

[@ippothedestroyer]

Sacrificing the future generations for today's old people.Eating the younger generations lunch.

[@thor1186]

so use weimar republic as a template on what's to come

[@hollywoodlibertarian]

This dude is awesome. Honestly agree on almost everything. Good for him and his success.

[@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?

[@ianzeta8839]

Aaron Venema facts don't matter with irrational voters

[@RubbaDubbaDooskie]

I like SD as a person, but believe that he cherry picks his facts from time to time. Being a Bloomberg stooge of course the interviewer reinforces heir/heiress dominance philosophy. "For nothing can seem foul to those that win."

[@aaronvenema]

89879237 4583475623 - yeah, he says the middle class has never been better. While at the same time he admits real inflation is higher than the CPI. When you factor in real inflation the middle class has been obliterated over the past 30 years. Which I mainly blame on communism (the central bank)

[@ianzeta8839]

89879237 4583475623 I agree, Ray Dalio published a great article in LinkedIn explaining the causes and evidences of the current wealth gap. If you haven't read it, check it out.

[@sch5827]

@@ianzeta8839 I think they are just multi-facets. The 'real' inflation on the middle class has gone worse over a few decades but at least some facts might indicate the middle class is doing better than the previous worst scenario. Stan seems to have less interest and intent than Ray to do PR stuff. Ray has skin in his PR and he showed up in numerous talks with the same points repetitively. Ray's concern could be legitimate, but a greater issue is that we don't have a closer look at the facts. Thomas Sowell's work clearly suggests some objections to Ray's conclusions. And it is very likely that it can be another story of narratives versus truth. Gap is just the beginning of the story, not the end. But it is a powerful trigger to signal another undue public rage.

[@glory7086]

“How are you adapting?” I wonder how much gold he has in his “personal” portfolio.

[@WhenTWhenT-eu1lk]

SPOT ON STAN>>>>>Help the early years of children and you change the entire society.

[@scottlogiudice]

Help? How about stopping the war on men and families.

[@alkrac1]

@@scottlogiudice You dont get it.

[@consciouscrypto3090]

Phenomenal interview. I don't agree with him on everything, but even he is quite open to the fact that he may need to change his opinion given new data/perspectives in the future. One of many things I definitely agree with him on is that there is a better shot of truly uplifting the poor/struggling with more effective capitalist approaches than by abandoning capitalism completely. What's needed is for more people to have access to the benefits of capitalism, not fewer!

[@rogerrose4845]

We are near a financial reset the only question is a year or ten.

[@jimmotley6804]

When’s this guy going to run for President? Shows that there are good fair people out there that would never run because of how we treat the good guys in politics. We deserve what we have and the competition we see if we do not start to show respect and tolerate other opinions.

[@sebastianheine378]

Brilliant as always, Stan openly discusses his positions and why more capitalism might be the solution to our problem. Stan’s simplicity and clarity in his views about macroeconomics truly amaze me considering how complicated some these issues can be. One of the GOATs for sure.

[@simona4315]

Brilliant man. Excellent interview. Thanks

[@azamalonaizy1094]

Guys, seriously, a mini stool for a 50 minute interview of an old billionaire. Why not add torture spikes?

[@begonebegone7825]

I thought the exact thing. Terrible comfort prep

[@williamolenchenko5772]

Can anyone explain the alarming rise in homelessness given the decrease in the percentage of people living in poverty? Is is just a reflection of the increasing population?

[@przybyla420]

Yes, those poverty stats are B.S....

[@jameslee5237]

Many reasons, but imo it’s largely a cultural failure. People with intact supportive families don’t fall into abject poverty, don’t get into drugs, and failing all that, have people to fall back on to get them back on their feet.

[@SpringismySeason]

Great point!

[@MrAmbrosse]

Really like this guy, he speaks a lot of sense.

[@stephenlaverty6266]

If this guy lives as long as Buffett, he has the potential to surpass his net worth. He is so smart and so dry, and he plays it down....I learn something new every time listening to him, absolute class act

[@LandDestroyer]

"We're close enough to election I dont think he'll do anything too crazy" :: declares war on iran the next month ::

[@sdfdsfsdfsdd]

😂😂😂

[@darrellhiatt6500]

Dumbass reply IMHO. The terrorist, named by Obama, UN, The World has been blowing up people and Culture since the 1980's. What u saw was elimination of scum, prearranged and ok'ed by 🇺🇸 retaliation by Iran. 80%+of population want regime change. He didn't do that. I am Independent, but time to give Orange Man bad is credit. The guy is getting it done for the World. Stopping China and Sharia Law in USA alone should make him best President ever. It's not a personality contest, it's production. Hired to make 🇺🇸 1st and doing it.

[@ransbarger]

@@darrellhiatt6500 Hows it smell up there in that fat man's ass dumbass?

[@peredavi]

Great interview. Interesting to look at it 2/23/21 after watching Mr.Druckenmiller recent interview on GS.

[@denisa.minihane5289]

Good interview.....knowledge and insights are free flowing

[@denisa.minihane5289]

@AminAaaahh...Now I know where u get all that financial strategy from....😂😂

[@JamesPossible]

Druckenmiller, a wealth of insight shared. So many take aways, really appreciated the interview.

[@husamabed6527]

Congrats to the interviewer, quality work!

[@ytyt3922]

And yet another person who confuses state sponsored crony capitalism with “capitalism”. Privatizing the profits and socializing the losses is not capitalism.

[@derMcSven]

put speed to 1,25 🙏

[@dividendincome9685]

Or work on strengthening your attention span

[@ManPursueExcellence]

Dividend Income I know, right? Lol

[@cham19]

Great interview. Watched it all the way.

[@fandango5900]

What a breath of fresh air. Saying what we all think.

[@eqkang1]

Such a good education on impeachment and the fundamentals of our US democracy. Democracy is not just a system, there has to be a set of common judgements among the majority of its people. No system is perfect. God bless America!

[@spaceantelope1]

Y'all- invest your money in small local farmers. Better food equals better people. Talk about a good long term investment... Thanks Bloomberg great great interview.

[@jerryfriedman1183]

Druck is always smart but i am 11 years older than he is and i AM afraid of this economy and can not go long on equities.

[@Re3iRtH]

So you're short your whole US position? I'm 80/10/10 real estate/equities/cash so not a big stock market follower :P

[@JeffreyGillespie]

No offense intended, but if you're 77 you shouldn't go long on anything.

[@ArcangelPaHa]

@@Re3iRtH He most likely is invested on short reserves or money market.

[@jerryfriedman1183]

you are right about not going long on anything at age 77. the problem is that you have to keep your money somewhere. i am long cash and gold.

[@tintinet]

Jerry Friedman always keep your money in assets trending up. This means stocks now, regardless of your age.

[@salvatorelofranco6982]

Excellent Interview. Well done Erik Schatzker!

[@svenjorgenson3224]

When it comes to global markets, maybe the reason the US is still rising while everyone else is sinking, is solely because of tax breaks for corps that then in turn buy back there own shares. So in reality the market has long since stopped rising, and it is simply government handouts to Corps that manipulate what you are seeing, when you think you are seeing a rising stock market. What happens when the Corps stop buying their own shares?

[@WhenTWhenT-eu1lk]

Stan what about Austrian Economics? What about separating money from state/central/socialism banking? How can we get an accurate measure of price when there's an overarching money printer pulling all the levers???

[@chessdaddy0720]

Great interview. Can’t agree more on most of his points

[@astro24102]

He stated last year that ¨the fed should tighten until it hurts¨ last year.........no courage from the fed. Monetary policy is the worst the last 20 years. Greenspan started it, Bernanke continued, Yellen did nothing and Powell has dinner with trump once a month. Easy money always ends up in tears.

[@JohnLastName]

captivating interview. Great questions across the board.

[@cocochanel6495]

Its always easier to lose other people money … TRUTH!

[@royreyes8422]

great show and thank you for doing this, great work ... jan 9, 2020 thu; just bought GOLD $1550 BTC $7900 and UBER $32

[@srengleie4812]

"Let's talk about your favorite currency" :D - That made him really happy hehe

[@mR-dc4oq]

With the multitude of homeless (downtown Los Angeles has 17,000 people in that encampment) I am highly skeptical we have a poverty rate of 13%. There’s some misinformation, manipulation of the data or out and out lying going on somewhere.

[@jamesrattenborg]

How can they raise rates since the government the can't afford interest on the debt?

[@bitclubnetworkaustralia7502]

The Banks are privately owned

[@apollobx709]

I respect his views

[@humble_chad9372]

this year Bloomberg is not interviewing Stanley?

[@rockopocko6944]

Highly skeptical of the references to middle class and lower class "data" which is frequently manipulated, better data would consists of credit defaults, +90 day lates on payments. Middle class is not doing well and obviously homelessness wouldn't be increasing at an alarming rate if the lower class was doing well. Did find some value in this but Druckenmiller is still very far removed from actuality.

[@RDJ1109]

As a Trump supporter I completely agree with Stanley. If Trump pushes for negative interest rates he'll have lost my vote. We don't need to be like Europe. We need to get back to being like the United States.

[@spenser6353]

How can you support a man who bashes a dead man, John McCain? Would you want to be friends with a guy like that?.

[@rev.jimjonesandthekool-aid4488]

@@spenser6353 john wet start mccaine was a traitor, I spit on his memory and his pal Baggdaddy. Trump knew it too.

[@glory7086]

Spencer Dassy John McCain was a treasonous, war mongering traitor. He’s watching all of this from hell paying for his sins for eternity

[@glory7086]

Nort Trump said he wanted to lower rates, because they raised them 5 times in 3 years! When they didn’t raise them at all for 6 years and Trump never said he wanted negative rates.

[@RealRosieRuiz]

Pro tip: If you want intelligent people to read past your first sentence, try not to lead with "As a Trump supporter..."

[@velocita8842]

Excellent interview. He is humble and thankful, and dealing in facts not political proselytizing.

[@ocvegasproperty]

One of the only guys that really dislikes Trump that has a rational argument.

[@capitalist4life]

I like how dull this guy is.

[@JeffreyGillespie]

Speak softly and carry a large portfolio.

[@thenon-gaapbillionaire3306]

A ninja doesn't wear a big red hat and a ninja shirt. A ninja sits in silence in the dark and eats his rice (because he's chinese)

[@hollywoodlibertarian]

@@JeffreyGillespie I can't believe ive never heard that. im using it lol

[@jackb8469]

Looks like a toad.

[@joseg1787]

He's dull but classy.

[@postscript5549]

Please inform the host of the difference between imply and infer.

[@nivagnoswal]

good interview...erik has really improved in this area...as for drunkenmiller, he is always worth listening too...

[@danielmartucci9632]

middle class and poor are NOT doing well.

[@chriscocoalminer3230]

Early in the interview, he says short the N? What does that mean?

[@andygratton4198]

Food prices rises are coming So money stops being the drug of choice

[@normandolinic2044]

Andy Gratton there here.

[@rl1585]

interesting that he argues about facts at then end even though official data from the fed illustrates the severity of the wealth game and asset ownership over the lest few decades. I would argue that this state of being screwed young middle class and poor people feel is mostly due to the Feds manipulation of markets in the last couple decades which is a departure from actual capitalism.

[@francisd7081]

Capitalism is the cornerstone of our healthcare and (largely) education systems, and both are absolute dogshit right now.

[@rl1585]

@@francisd7081 I agree both are dogshit but education is anything but a capitalist system, as far as healthcare its convoluted mess of insurance and legal abuse of both patients and caregivers.

[@michaelmellinger2324]

6:20 I don’t think Jerome Powell will have the courage to raise rates next year 10:15 Britain and Brexit. Druckenmiller feels Brexit is a positive event 12:40 Back to discussing Fed and low interest rates 17:50 More inflation discussion 18:30 “Does inflation matter any more?” 24:40 Fewer macro opportunities 28:29 Price action vs news 29:40 Global Bear Market was incorrect 35:15 Poverty in the United States…and the world 38:35 The news media misstates facts on a daily basis 43:35 Philanthropy

[@kangshinok4968]

Middle class is doing well...68% of US people can not save $1000...it was 57% last year. This guy is totally wrong about the reality.

[@JP-uy9kq]

source, how can that be true?

[@kangshinok4968]

JP From Zero hedge. 45% has no saving. 23% has 0-1000 savings. 12% has 1001-4999.

[@mikestone8756]

kang shinok The only thing working for middle class people is there 401k retirement accounts if they have one or the appreciation on their house. Otherwise cost of living, particularly housing, consumables and education is rising at a much accelerated rate than what the Federal Reserve and these so called Pseudo Economist convey the actual inflation rate transpires to be.

[@kangshinok4968]

Mike Alpina Sorry, unfortunately 401k is going to be eaten away by inflation caused by FED moneytizing government debt for the next decade. Just live simply and save hard into undervalued real assets like precious metals.

[@josefk5659]

I love this guy

[@subramaniamchandrasekar1397]

This is one of the many subjects on finance, stocks and markets, they talk for hours without letting you understand anything. Both the speaker and interviewer try to show that they understood each other. Doubt it? replay and listen again and again.

[@chasecrucil4921]

Someone should have asked Stan about Andrew Yang. His proposed UBI would be funded by a value added tax, which has a good chance of actually working. He is trying to address inequality, but in a more constructive manner than Senators Warren and Sanders.

[@SC-pe9ir]

And look where we are just 3 years later. Gear up folks

[@BP-lu4pb]

I guess Stan doesn't know about Deutsche

[@BP-lu4pb]

@James Zell you sound like a sheep who would say something like " you can't make money trading". These guys are often wrong and lose big as well. Dont be a fool.

[@vcoonrod]

Excellent presentation. Very likeable guy with pretty succint information. Thank you.

[@f.scott.fitzbeagle]

I truly enjoyed this.

[@mikerossi4638]

f.scott fitzbeagle that was funny as heck . And I laughed my but off when I seen this comment 🤙🤙🙋‍♂️

[@MegaLangosta]

What about the housing bubble setting it off? How many ARM mortgages are coming due each month?

[@0scartheCat]

. . the UK will now go from strength to strength . . . He is right . . .

[@unitedstatesofpostamerica7559]

Are these ex-Soros guys really good people? What will their legacy be to the world? Why are they treated with so much reverence?

[@mr.anderson9938]

Maybe this channel is not for you then, got some good flat earth channels that might be more to your liking ?

[@christopherdates2467]

I don't think Rogers and Druckenmill have anything to do nowadays with good ol' Socialist Soros. I doubt they even talk...

[@RubbaDubbaDooskie]

It's debatable as to what positive effect price discovery, trading, and money management have on society. You begin to delve into cross-discipline lines of thinking where it becomes very hard to prove anything. Philosophy meets economics meets politics kind of a thing. At the end of the day, money managers are sometimes scrutinized at a level that doesn't necessarily befit their actions. He pursued a task and excelled at it. It's not SD's fault that he's excellent at something. Are football coaches, musicians, entertainers, butchers, etc. looked upon with such ire? Should we hang the best of the best of the cookie salesmen? It's not like he's an heir and a sociopathic power broker. His career helped to reward savers and he has used his accumulated wealth for altruistic purposes. And this is coming from someone who almost certainly has some very sharp political/ideological differences from SD mind you.

[@unitedstatesofpostamerica7559]

Those channels are infinitely less harmful than Soros media.

[@sammiller552]

jim rogers appears to be an honest moral man

[@user-lk3oo5uq4z]

What a gem of an interview with a genius.

[@marcabramsky1736]

Stan is a hero of mine. Someone I always admired much more than any of the other financial guru's. He is intelligent enough to know that this market is not made up of proper fundamentals and hence how do you weight your positions? The bigger problem is "how" these bubbles are made. They are created on debt and only serve to make the rich richer. Hence the 1.2 Trillion of new wealth created for the 0.01% in 2019 while the rest struggle with debt burden living paycheck to paycheck to make ends meet. There is a huge debt problem. He doesn't think as bad as 2008? Perhaps but that is because the hedge funds and banks bought all the shadow inventory of homes that they now rent out. Credit card, Student and Car Loans are much worse.

[@robertstar7463]

The problem is that we do not have true capitalism (as he alludes to) - we have central banks (not subject to audits) which control the economies (like planned economies in communist states) and they are setting policies that are not no longer true to capitalism. (The real powers that control this pyramidal system are a very dark force. They have esoteric knowledge and so the real game is ultimately a spiritual one - to prevent the masses from awakening to their true nature as a spiritiual being of light incarnated for the purposes of self-realisation. The energies we create in the Universe are balanced out and so we hold the key to our happinness and so "they" have programmed our sub-conscious minds to keep us ignorant of this truth.)

[@beach_lion]

what's the pattern on his tie?

[@sammiller552]

normally its a bear animal pattern because he likes shorting the market. he has worn different bear pattern ties on several occasions

[@pfschuyler]

You just gotta love this guy. Very, very wise. And probably really funny, too. Capitalism doesn't need stimulus. It doesn't need reinventing. It needs Bankruptcy and 'NEVER-EVER-EVER-TOO-BIG-TO-FAIL." It needs to be allowed to work!

[@lush6370]

Erik greatly improved his interviewing from last time. Good job man.

[@gregmassi2067]

Druckenmiller ! Good name for this dude!

[@aaronvenema]

Did he have a stoke recently?

[@jimbush80528]

A few years ago.

[@aaronvenema]

okay! I didn’t notice in his previous interviews. Good info regardless

[@christopherdates2467]

I don't think so. I think its more of a "lazy eye". Here is a 1994 interview, you be the judge. kzbin.info/www/bejne/hmixqXual5l5ppY

[@sammiller552]

Bring Stan Druckenmiller back on to ask about coronavirus. Also, Stan Druckenmiller needs a twitter. cuz we all wanna know his thoughts

[@christopherrichardwadedett4100]

What exactly is a Digital political and economic revolution? Hint: 21st century American Idealism.

[@christopherrichardwadedett4100]

American philosophers perceive the short and long term: Philosophy commands, while the particular sciences obey.

[@ipredictariot6371]

1Bn less in extreme poverty is quite a nice increase in marginal utility.. compared to any increases in income at the top

[@Nostrildomus]

It's all about confidence . Just don't drop the ball and you'll be OK . Take Care All

[@robjohnson7878]

Wow, I used to have so much respect for Stan. Man was I wrong. In essence he’s espousing the virtues of corporate greed by sending all of our middle class manufacturing jobs to Asia (China) for cheap slave labor at the expense of a dead middle class here. He talks about all the millions lifted out of poverty here? Are you fricking kidding me dude? Have you drove much around downtown LA?

[@vicmarc4984]

BS on wealth inequality at 37:00, he does Not mention EXTREME Consumer Debt levels. He’s Ultra Wealthy and ordinary folks are ULTRA in debt. “Capitalism” doesn’t have to be this way. BUT, at 49:00 nice work on economic mobility! 👍🏼

[@jen_nice2059]

Vic Marq he benefits from debt. He can buy all kinds of debt and collect on it at a profit. He isn’t an entrepreneur or creative person, he’s a vulture. Vultures make money regardless of how well the economy isn’t doing or is, so looking for any sound advice from him as a consumer, is like seeing money management advice from a poor person.

[@degmddgmdpa5572]

You cannot “get the Fed” until you accept some pretty dark premises”. What have been, and still are, their real goals?

[@PaulRizzo504]

My only feedback to Druck here is how many Americans needed to go into poverty for that poverty rate to come down. He honestly still too this day does not understand how Trump was elected. He selectively picks stats that back up his world view and does not understand why having a CEO pay gap of 300 to 1 created BY A TAX write off in the 90's has made things worse.

[@shivashrivastava4437]

Listening to stan has always been informative. I would love a conversation between dalio and stan, about economy and future/ have they ever said about each other or each other's views? If anyone knows anything related to this pls let me know..

[@boomting55]

Stan has criticised dalio before on his view about there being a ''beautiful deleveraging" after the financial crisis although he didn't mention Dalios name, that's all I know of. like you I'm a big fan of both!

[@shivashrivastava4437]

@@boomting55 Thanks for that info.

[@zarni000]

43:05 "this man has created 667,000 jobs"....not net additional jobs to the economy. those jobs were also lost to the retail brick and mortar. many more jobs were actually lost for brick and mortar retail than the 667k Bezos added for internet shopping. he is talking out of his ass here i have to say.