Business
Why Stanley Druckenmiller is so worried about inflation: Chanticleer – The Australian Financial Review
Stanley Druckenmiller misread the V-shaped recovery, but the refusal of central banks to retreat from loose monetary policy has him considering an exit from equities….
I couldnt have been more wrong, he happily admits.
But he cannot understand why the Fed and other central banks havent changed their policy settings as economies have rebounded.
The black hole didnt occur thats wonderful, and were all happy. But were still acting like were in a black hole. In fact, the economy has accelerated, Druckenmiller says, using the US economy as his example.
Gross domestic product has normalised, retail sales have surged above pre-COVID-19 levels, and the jobs market has…
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