Stanley Druckenmiller: Why we're spending like we're still in the great depression is beyond me

Рет қаралды 109,685

27 күн бұрын

Stanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, why Druckenmiller cut his Nvidia stake, latest market trends, and more.

Пікірлер: 300

@Jamesjerome0 15 күн бұрын

Honestly, you are very right Stanley and Biden has to listen to this. I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

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@kurtKking 15 күн бұрын

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@frankedwardark 15 күн бұрын

Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

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@johnh3819 25 күн бұрын

I earned an MBA during night school and paid my own tuition out of pocket over the course of years. For the federal government to transfer the student loan liability of others to me is infuriating. There is no such thing as student loan forgiveness. It's simply a transfer of the debts of college attendees to those without college education or student debt of their own. The policy is wrong and immoral

@roc7880 25 күн бұрын

the same happened when the government forgave the loans during the pandemic, they just shifted the loans to the business owner who paid them. where is the difference?

@ohyeahhh3221 25 күн бұрын

Not only that but it doesn’t fix the problem. The solution is to cap how much a college can charge for tuition. If and that’s if they were able to forgive some loans, it would only encourage colleges to keep hiking up tuition knowing the government could potentially excuse loan down the road again.

@IrynaBoehland 25 күн бұрын

And what's more infuriating - the students with "liberal degrees" aka worthless degree get "the forgiveness" aka debt transfer to taxpayers. And we just sit, listen, talk and get upset, but do nothing about it!

@reggiel4204 25 күн бұрын

Great for you, unfortunately many citizens accepted predatory interest rate loans from banks that were 'back-stopped' by the U.S. government. Those eligible for loan forgiveness have been struggling for years to repay the loans. The dream of a good paying job based on a college degree still eludes most. You probably paid much less for your college degrees than is available to any student in recent years. Eligibility rules are complicated but overall loan forgiveness should benefit the U.S. economy by having stronger consumers (it could cost us up to $ 1 trillion). No direct benefit to you or me but neither was the trillion dollar Trump Tax Cut. The rich benefited and we as taxpayers must pay for it.

@IrynaBoehland 25 күн бұрын

@@reggiel4204 laughable fallacy! The cost of college vs cost of living there and now are almost the same. Try again

@tommyl3207 24 күн бұрын

Milton Friedman taught us that Government andGovernment ONLY causes Inflation, and he edified us on that score 40 YEARS AGO!!

@brent4073 23 күн бұрын

For the last 40 years, it has been hard to buy a hard currency. You ever try to evaluate what karat a gold piece of metal is? And get the weight of it accurate otherwise someone is losing money? It is hard. BTC easily measures everything for you

@pogiboy3571 21 күн бұрын

it's the great deshuffle coupled with the great deficit.... the perfect storm has been deliberately spun.

@persimmontea6383 21 күн бұрын

Milton Friedman didn't believe market bubbles even existed ... he hated government intervention and this helped bring on the 2007 crash ... he is laughed at today ............ and just like this fool today he said all the government needed to do was get out of the way

@ronaldlindeman6136 21 күн бұрын

Well, maybe only Government. But consider that miles per gallon in the 1970's was 14 MPG. In 1980's car companies increased MPG on car vehicles to 23 MPG. Oil prices went down because worldwide, less gasoline and other fuel usage went down. Did that affect inflation?

@Erikpdx 20 күн бұрын

Not true, though. Commercial banks increase the money supply through fractional reserve lending.

@USGrant21st 25 күн бұрын

Stanley Druckenmiller is an interesting fellow. He is just as often being right as being wrong, but unlike the rest of us, he manages to make money no matter what.

@nathanvanwie643 21 күн бұрын

I mean, he has been a consistent vocal bear for 20 years while being long the stock market. He makes money telling people to do one thing while doing the other himself.

@MartinJG100 20 күн бұрын

@@nathanvanwie643 I would say he is a typical example of what makes a successful macro trader. He makes more than he loses and despite his own reservations on fundamental matters, plays the market for what it is.

@Erikpdx 20 күн бұрын

@nathanvanwie643 you can think the economy is weak but see the market is still in an uptrend. It's the difference between trying to be right and trying to make money

@nathanvanwie643 20 күн бұрын

@@Erikpdx yeah but you missed the point. If you are always telling people to sell or saying the market is about to crash and you are the opposite of short looks a bit fishy.

@Erikpdx 20 күн бұрын

@@nathanvanwie643 go and find a source of him telling people to sell. I'm guessing you won't find anything

@user-nd3fp5fl8n 22 күн бұрын

The Federal Government has been spending, spending, spending. We do not need to stimulate the economy anymore. We need deficit spending caps for the entire government added to the law and the budget process. We need to enforce spending discipline, except in rare emergencies. Stan, thank you for being a serious economic analyst who talks about numbers.

@HepCatJack 17 күн бұрын

So you want Taiwan semiconductor's crucial microchip production, a near monopoly to remain in Taiwan where it can potentially be seized by China who could then decide to raise prices considerably for them ?

@nosecretsfishing3661 25 күн бұрын

Druck went on TV in late 2022 and told everyone a recession was coming, but then loaded the boat on equities.

@ClearlyNutz 25 күн бұрын

I remember this.

@nosecretsfishing3661 25 күн бұрын

@@ClearlyNutzno he’s trying to scare the market again with the national debt bs

@SadDays-21 25 күн бұрын

@nosecretsfishing3661 The national debt is indeed an issue. Just becuz DruckenMiller has alternate motives and is not always honest, it does not mean everything he says is wrong. These moguls excel in mixing the truth with false info. The deficit and debt are indeed getting out of control, even if this guy has selfish intentions.

@SadDays-21 25 күн бұрын

😭🥺😢😥 These people should be arrested for market manipulation. And CNBC hosts should confront these people about their lies, instead of just pleasing them. We don't need to listen to manipulation no matter how famous or rich these guests are.

@quikslvr01 25 күн бұрын

Sounds about right. He is mad because the rich is loosing money and the poor is employed and wealth is being transferred with Bidenomics. What do the rich do? they inflate everything and blame "Policy" 🤣.

@jeanb8643 21 күн бұрын

Fiscal spending is out of hand and the Fed is the enabler. Well said.

@chobson8602 25 күн бұрын

and militarization of economy , he missed that spending

@ctzoomie 25 күн бұрын

Government spending: political class career enhancement program. It's awesome to spend other people's money.

@brent4073 25 күн бұрын

It is buying votes and perpetual one party votes.

@jeffreymarshall4572 23 күн бұрын

Granny Yellen and the treasury won’t stop spending until something irreversible breaks. MMT was always gonna be suicidal.

@Erikpdx 20 күн бұрын

We've heard that forever and it hasn't broken yet

@jeffreymarshall4572 20 күн бұрын

@@Erikpdx Well it’s true that government’s can get away with Ponzi’s schemes longer than your average crook, even for decades. The level of debt madness since 2008 has been insane. But it always ends the same. My guess is we’re getting closer to the end. We’ll see…

@John-zh1ud 18 күн бұрын

@@Erikpdxgradually, then suddenly... that's like saying bus can't fly off a cliff because it hasn't flown off a cliff despite getting closer.

@Erikpdx 18 күн бұрын

@John-zh1ud the rider peeing his pants every day for 10 years because he's afraid of a pending crash seams a lot more silly and less rational

@JxLx2022 24 күн бұрын

why is the MSM not getting this message out there more.. Govt is spending spending spending.. where are we getting the money???? PLEASE EXPLAIN THIS TO THE AMERICAN PEOPLE...

@Erikpdx 20 күн бұрын

The Treasury sells bonds. That's how people can get 5% interest on their cash. The banks are buying bonds

@JxLx2022 20 күн бұрын

@@Erikpdx .. but the Federal Reserve also buys bonds too... so make that make sense... how does your own govt buy it's down debt???

@Erikpdx 20 күн бұрын

@@JxLx2022 what part doesn't work? It's working right now

@theodorearaujo971 12 күн бұрын

The 7% budget deficit is when compared to GDP. The fiscal deficit for 2023 was actually just over 30% of the budget.

@royprovins7037 25 күн бұрын

It will continue until the markets and other countries lose faith

@ashog1426 20 күн бұрын

Amero.

@lemontadams3029 25 күн бұрын

the Dow posted its longest winning streak of the year, the wish to buy a home survey hit a record low. And making a bad situation worse, apartment renters expect rents to increase by 9.7 percent over the next year… as their earnings can’t even keep up with inflation.

@PeterSedesse 23 күн бұрын

That is partially because of a change in work. In the 1960's you got a job in a factory, and spent your whole life living in that town, so a 30 year mortgage made sense. Young people today do not want to live in the same place for 30 years. It just makes more sense to rent when you see yourself changing jobs every few years and want the freedom to jump across the country any time you want. I am an older person, so it is hard to put myself in their shoes, but I live in Austin and you see it here bigtime. It is expensive to buy a home here, but only because so many people are buying homes, and then renting them out. I think with way too many things, us older people think everything should be compared to how it was in 1960.

@windsong3wong828 25 күн бұрын

The USA companies have lots of cash in their balance sheet. The public debt of $35 Trillions is ridiculous. Meanwhile China have $7 trillions in overseas assets. USA would need friendly countries to buy its Tresuries. Russia, China is out ……

@PeterSedesse 23 күн бұрын

89% of US debt is owned by US citizens, US banks, pension funds etc. It is a huge myth that China owns us. China accounts for less than 5% of our total debt, and this is mainly individuals in China, not the gov't. And the reason they invest in US bonds is not as some take-over scheme, it is because our debt is the safest form of investment. The idea that the chinese gov't is slowly buying up our debt so they can own us is just a total myth. JP Morgan owns more of the US debt at any one time than China does.. and there are probably a dozen large US banks that own more of the US debt than the Chinese gov't does. Russia is insignificant in this discussion... they are like the 13th largest economy in the world now and don't buy debt of other countries since the USSR broke up.

@Erikpdx 20 күн бұрын

Most treasuries are sold domestically to pensions, banks, and citizens

@windsong3wong828 20 күн бұрын

@@Erikpdx There are still like 30% short….

@Erikpdx 20 күн бұрын

@@windsong3wong828 we didn't sell to them historically because we were short demand elsewhere

@windsong3wong828 19 күн бұрын

@@Erikpdx If you read all the facts on these issue, you will arrive at the conclusion that a lot of nations in the world holds the USA T bills . Maybe 30%…..or even more.

@pangmeister 24 күн бұрын

Well, Fed spending as a percentage of GDP is at all time high 37%. This is only needed in great depression.

@CaptainCrypto414 22 күн бұрын

Milady Meme Coin will go craaaazy on Mother’s Day

@shredbtc 25 күн бұрын

It’s like he understands our pain

@alexgarcia6267 21 күн бұрын

Except he has millions more in his bank account

@rickwilliamson1417 25 күн бұрын

Amend stanley

@prolific1518 17 күн бұрын

Because we are in a silent depression.

@ChairmanDDD Күн бұрын

Agreed. We should cut spending, raise the corporate tax rate, and claw back all the PPP loans. Stimulus checks were spent and jacked up profits. Let’s get it back from the corps who enjoy unprecedented valuations.

@tackthekack1 24 күн бұрын

It's all about assets. The rich want to own them all (schools, roads, hospitals, bridges, energy, etc) they don't want the poors or the government to have any. How dare the government spend on buying or creating assets!!!

@MsJenniferinNYC 18 күн бұрын

Exactly.... Where is this money coming from? falling from the sky?????! Absurdity!!!

@thecryptobunker 14 күн бұрын

Notice he mentioned blockchain and A.I. interesting. Government not only spending but regulating crypto away.

@brentandrews5945 25 күн бұрын

Great breakdown Tom, Thanks

@Peeps-pt5gn 25 күн бұрын

Bernstein, A confused advisor giving confusing advice to a confused president... Maybe Janet Yellen...will...uh...oh boy...

@ChalrieD 12 күн бұрын

Easy solution, end the military spending and double social spending and still have a surplus.

@goma12x 25 күн бұрын

He made my case on why I have bought gold and continue looking to buy on pullbacks

@jayworley1583 25 күн бұрын

Let's let people with government loans borrow money via 2nd mortgages against their fake home values and lock them into higher payments just stimulate spending. Now, I'm no economist, but this sounds worse than lending money to subprime borrowers who couldn't afford their homes circa 2006. Oh! And who owns most of these loans? The Fed, that's who (aka lender of last resort who will backstop ANYTHING). ROTFLMAO!!!

@sigg3504 19 күн бұрын

Yes, yes, yes...."we need the govt to just GET OUT OF THE WAY" nailed it!!!!!!!!!!!!

@73ajd1 18 күн бұрын

Yea... let's just deregulate everything. What could possibly go wrong?

@BP-1972 19 күн бұрын

Why do we pay taxes when the gov can just make money out if thin air?

@MsJenniferinNYC 18 күн бұрын

Corruption in govt... Congress has huuuuuge investments in the stock markets so therefore they don't want the markets to tank and it isn't public record yet because they never sold them. Just a thought. Not sure how and when and what they need to disclose stock investments

@gmb858 5 күн бұрын

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the Public Treasury. From that moment on the majority always votes for the candidates promising the most benefits from the Public Treasury with a result that a democracy always collapses over loose fiscal policy always followed by dictatorship. The average age of the world's greatest civilizations has been 200 years." Alexander Fraser Tytler- "Decline and Fall of the Athenian Republic"

@viewerone 16 күн бұрын

💯

@kennethbrettel8762 21 күн бұрын

YEAH THEY SPENT TOO MUCH CUTTING TAXES

@MsJenniferinNYC 18 күн бұрын

UHMMMM interest free loans

@Slide61 25 күн бұрын

By innovation do you mean 'financial innovation'? Well that is why we are where we are. We don't need anymore of that.

@philiscoolerthanu 18 күн бұрын

Spending like a Druckenmiller sailor

@zcorpalpha2462 17 күн бұрын

🤣

@robertopalomino4604 25 күн бұрын

No one is willing to make a hard choice on the fiscal spending. The ideas the next administration has are to cut revenue, via tax cuts, more than the cuts to spending. I would say reform the programs instead of just cutting fund or throwing money at it. You could probably save 10-30% of the cost of welfare programs.

@PeterSedesse 23 күн бұрын

I could give you the federal budget and tell you to cut 30% of any social spending program (non-medicare or SS) and even if you cut them all by 30%, it wouldn't even make a dent in our budget deficit let alone our national debt. This is the Republican myth... that all these small social programs are the reason for our debt.. omg, we give cellphones for people trying to get a job... none of that is even a drop in the bucket. Trump gave $4 trillion in tax cuts to the richest 10,000 people in the USA. that amounts to almost 3x the total of all discretionary social spending. You could completely eliminate, not cut by 30%, all those social spending programs for 10 years, and it wouldn't make up for the deficit caused by Trumps tax cuts.

@JonathanHerz 21 күн бұрын

Totally untrue that there was no technological innovation in the 1930s. Food processing, aviation, automobiles, and electric utilities were all industries that were innovating at a very rapid pace during this time.

@VegasVaron 5 күн бұрын

Best advice I’ve ever received- don’t listen to armchair quarterbacks who spew hindsight. Instead buy low fee S&P500 index, be long …and sit on your hands!

@HepCatJack 17 күн бұрын

What does the sober miller have to say ?

@anthonymacchia6795 25 күн бұрын

he said it

@Jason-sf8vx 22 күн бұрын

Excessive spending with run away huge deficit will cause imbalance to sustain growth and financial stability in the future

@bn7228 20 күн бұрын

Check his hedges and shorts

@disneytakeshugedix7463 20 күн бұрын

America 🇺🇸 loves 🥰 Hyper Inflation 💸 and will continue to print money 💵 and lower interest rates until the US 🇺🇸 Dollar 💵 collapses ! The American 🇺🇸 Government loves 🥰 Hyper Inflation 💸 so much they want the prices of everything to rise until the US 🇺🇸 Dollar 💵 is worth nothing ! Print ! Print ! Print ! Ha ! Ha ! Ha ! Hilarious 🤣

@davenovak2106 18 күн бұрын

CNBC is such a joke.

@m3talHalide-rt2fz 25 күн бұрын

There's a world beyond our domestic economy, and even though domestically we dont need things like the CHIPS act, globally, we do if we want to maintain the nice standing we have today. We are being forced to step up because our competition isnt giving us a free W - ok, fine; let's manage that like the big boys we are. China got slowed down by their real estate, but it would be foolish to mistake that as a permanent lead that would persist without incentivizing specific investment to compete with their command economy. We've pushed them to develop advanced semiconductors in-house. They will, and the learnings getting there will help them a lot. We're not going to win with kids questioning the value of a college education. Maintaining the tech, infra, and services dominance the US has is only going to get more expensive, but looking at what Europe is struggling with now, I dont think its even a question. But the sooner we get into the income conversation (tax), the better. Its just dangerous, because increasing taxes, especially on the wealthy, greatly magnifies the constriction effect of Fed rates, and the two arent supposed to coordinate.

@teebone2157 25 күн бұрын

Never seen a plan to pay college child graduates ???? I had my loan forgiven and no check arrived in the mail.

@GrantDWilliams82 25 күн бұрын

oh god shut up. You know exactly what he meant: you are getting the opportunity to spend money that you earn that you would have had to give to the people who loaned you money for school. That's exactly the same as if they had just written you a check.

@JohnH-mo5mb 20 күн бұрын

Spending taxpayers money is like a drug. It makes these irresponsible guys in Washington feel powerful. And after years and years of doing it, it feels normal. Unfortunately, the people responsible for the misery to come will never be held accountable.

@matthewm8289 25 күн бұрын

SPending like in the great depression because all roads, bridges, rail, hospitals, schools were all built in 1930. SO they need to spend on infrastructure massively. CHinas infrastructure is better than the USA.

@GeorgeSchneider8889 25 күн бұрын

It is not like we don’t have enough resources to work on our own infrastructure projects. Corporations just spent $5.5T on stock buybacks instead of creating new jobs.

@Jay-ut9ov 22 күн бұрын

He must be talking about tax cuts, because that's what is adding $3.8T to our debt.

@ashog1426 20 күн бұрын

And this is on NbC lol

@nikkidawn4530 25 күн бұрын

Don’t forget about foreign aid. 🤦‍♀️

@IrynaBoehland 25 күн бұрын

you know, it aggravates me - Ukraine aid... where only 5% goes to Ukraine! Where DO the money GO?????

@nikkidawn4530 23 күн бұрын

@@IrynaBoehlandMorris Investments stated Ukraine will lose the war in 2 weeks 🤷‍♀️ IDK.. What I do know is we used to hear about the war in Ukraine everyday when it began and all we hear now is how much money Bidenomics is sending Ukraine.

@FrizzelFry 25 күн бұрын

What is 'the capital stock' ?

@steverobson3834 25 күн бұрын

Built up savings and assets (such as factories) available for deploying into creating new things.

@qake2021 6 күн бұрын

✌️✌️✌️✌️✌️

@mattsoccer23 25 күн бұрын

So Congress passes the budget and the president signs it. At that point Yellen is required by law to pay for what's in it. Not saying she's totally innocent but she really can't just cut spending on her own.

@PeterSedesse 23 күн бұрын

Yep, it is like juggling when congress just keeps throwing her more balls to juggle. But hey, the GOP likes to have conspiracy theory boogie-men they can name.

@RJeffreySmall 25 күн бұрын

Whitehouse.

@thomasruge 25 күн бұрын

A lot of what he states is true, but we don't have a loyal opposition party with Trump as the nominee.

@ran274 21 күн бұрын

Increased defense spending by $50 billion less than three months after Afghanistan withdrawal. It's all graft.

@dr9gonkid20 25 күн бұрын

Says man who wants to spend money quickly

@FOURTWENTY.SIXTYNINE 19 күн бұрын

Good to see they let this guy visit from the retirement home.

@lawrencefeldman462 25 күн бұрын

We should just give the keys to the White House to the Chinese. For its soon going to be how we pay them back for our default on Treasury bonds.

@PeterSedesse 23 күн бұрын

Chinese citizens own about 3% of our national debt, the Chinese gov't owns less than 2% of our national debt. JP Morgan owns more than both of them combined.

@rechutriers5592 25 күн бұрын

You’d figure out why they were spending if you would ask someone and figure it out. First talk to a scientist

@philfortner1805 23 күн бұрын

Listen to Mertle the Turtle and spend buy buy spend and then say 'yes' in an overly loud way.

@HOHLfmly 18 күн бұрын

Best investment areas to invest in USA in 2024 where you can compete with China due to tarrifs. -Solar cell to double to 50%. - Steel & aluminum 25% -Semiconductors 50% -Medical supplies -Batteries -Critical minerals - Ship-to-shore cranes.

@willybyun1834 22 күн бұрын

Easy for him to say , after he received all the benefits for himself and his company. Now Complaining. Little weasel .

@69pepe420 25 күн бұрын

ribbit

@ryanotis7289 24 күн бұрын

“They misdiagnosed Covid…”

@ferrariscuderia4290 24 күн бұрын

Bidenomics baby! As clever as the vegetable who it was named after!

@kalightcencen7460 24 күн бұрын

And for shure you betting is on armament (the so calked defence)

@46852 24 күн бұрын

Don’t forget all the money our government gave to Israel and Ukraine.

@cjgray9352 24 күн бұрын

When mentioned bidenomics dude about laughed out of his chair

@mtsutphin3468 24 күн бұрын

He mentions college kids but not billions in weapons and free money to other countries

@jamesj131 20 күн бұрын

He is heavily invested in companies like Microsoft that have large military contracts. “Having impressed the army with its prototype, Microsoft won a subsequent contract two years ago to bring the device into production with a contract worth up to $21.88 billion.” Mar 26, 2023

@chintandobariya472 25 күн бұрын

Government should go out. But Trump will come and will destroy further this 😂

@JoeDurbs 25 күн бұрын

Another arm chair quarterback 😅

@ratsuel8152 25 күн бұрын

You are talking about the GOAT. What the hell are you saying?

@fazotakeiteasy 21 күн бұрын

I just stay in my lane too...all while buying Bitcoin.

@obioraabiakam8644 20 күн бұрын

I hope he didn't benefit from any bailouts given to Wall Street during the Great Recession.

@mateusz3162 14 күн бұрын

also Trumpy Dumpy was spending even more

@ssuwandi3240 25 күн бұрын

There's a word for thar spending. Fascism. Shame these CEOss could have retreated from more debts!

@jaysteve4442 25 күн бұрын

What?

@GeorgeSchneider8889 25 күн бұрын

We can easily close the deficit if we stop mal investment. From 2000 to 2024, major companies spent $5.5T on stock buybacks instead of reinvesting them in new jobs.

@edmitiu7383 25 күн бұрын

Robber Barron...

@longvalnicolas5991 21 күн бұрын

Fiscalflation

@WayneAlazraki-hq8et 23 күн бұрын

That was trump

@sonnybimbo2940 25 күн бұрын

Not to worry. The printing presses are still working fine.🤣💵🤣💵🤣💵 We're all doomed!!!!! All kidding aside for a little bit. My opinion is if you spend more than you make, your eventually going to end up with loads of debt ( myself included.) That's not a healthy financial decision. However I can work my way out of the hole.And that takes time. Hopefully we can have a real conversation about this.

@prettyflower01 24 күн бұрын

You'd figure corporate America (airlines, oil and gas, banks) knows this so where are their rainy-day accounts? Oh, that would be us, the taxpayers. Hmmm... meanwhile their CEOs are pulling millions. To add insult to injury, they use every loophole in the book to and pay little to no federal taxes. Grrrr... That's upside down.

@keimo2007 25 күн бұрын

Drunkenmiller ought to be arrested!

@DanyCesc83 20 күн бұрын

He’s right we need a balanced approach but this is also why we need to get these old farts out of positions of power, the guy can barely breath and function.

@davehasenford3985 25 күн бұрын

This guy is so senile he forgot that Trump was president during Covid

@bocariley3421 7 күн бұрын

Hey Joe, what size bra you wear?

@reggiel4204 25 күн бұрын

Why does a billionaire broadcast to the public (for free) information that he has not provided to his paying clients? He stated that he sold Nvidia because AI is over-hyped. Perhaps Druckenmiller wants the public to sell Nvidia because he is shorting the stock and/or would like to buy it back at a lower price. Hmmmm?!

@brycejohansen7114 24 күн бұрын

I don't think the private sector is really the answer because the innovation that's being done only benefits the companies, it doesn't benefit the people.