Wednesday, September 9, 2020

Billionaire Investor Says Price Inflation Could Reach as High as 10%

 Stan Druckenmiller

The markets are in a “raging mania” and rising inflation is a big threat, says billionaire investor Stan Druckenmiller said.

Price inflation could hit 5% to 10% in the next four to five years, he said this morning in a CNBC interview, adding that the Federal Reserve has created conditions that have sent valuations soaring. 

Druckenmiller may be correct about the rate price inflation hits but I doubt it will take four to five years. We could be there in 12 months.

Druckenmiller converted his hedge fund into Duquesne Family Office in 2010. He has an estimated net worth of $5.8 billion, according to the Bloomberg Billionaires Index.

"It’s obviously creating a massive, massive mania in financial assets," he also said. Well, it did but as far as financial assets, we may be near the top for this phase. I have started taking profits in EPJ Daily Alert model portfolios.


1 comment:

  1. Where has this dunce been as stealth inflation has been raging since at lease the '08 recession? Ohh nevermind I forgot he is part of the skimming Oligarchy