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‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible

The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.

CoinDesk Insights
Sep 9, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 9:54 a.m. UTC

The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today on the Brief:

  • Markets recover slightly but vaccine trade falters as AstraZeneca pauses trials 
  • Bitcoin and gold correlation increases sharply around dollar instability
  • Mastercard launches simulation tools to help develop central bank digital currencies

Our main discussion: Stan Druckenmiller speaks!

NLW breaks down the famed investor’s interview with CNBC today, including: 

  • The merging of the Fed and the Treasury
  • Mania in financial assets 
  • A growing fear of future inflation 
  • Why the next three to five years are going to be extremely difficult

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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