Legendary hedge fund trader Stanley Drukenmiller was on CNBC where he lamented that the Fed's policies can only end in disaster.
"This is a big, big gamble," he notes, "manipulating the most important price in all of free markets," that ends one of only two ways, a mal-investment bust (as we saw in 2007-8) or full debt monetization and "off we go into inflation."
"This is a big, big gamble," he notes, "manipulating the most important price in all of free markets," that ends one of only two ways, a mal-investment bust (as we saw in 2007-8) or full debt monetization and "off we go into inflation."
