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Sunday, May 8, 2016

DRUCKENMILLER: The world economy looks terrible

Stanley Druckenmiller, head of Duquesne Capital, thinks that the macroeconomy is looking disastrous and there are two sources for the coming problems. Druckenmiller thinks that leverage is far too high, saying that central banks and China have allowed for these excesses to continue and it's setting us up for danger. The obsession with short-term gains is overwhelming the need for long-term reform at the Federal Reserve, he said. NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


READ THE ORIGINAL POST AT www.businessinsider.com