Stanley Druckenmiller is a pretty good investor, a guy we never met and don't know, but whose career we followed for a long, long time.
Earlier today he gave an interview to CNBC at a conference. The retired founder of Duquesne Capital Management, Druckenmiller apparently believes that the Fed is risking harming the economy with its continuing "aggressive market intervention."
"I am fearful that today our obsession with what will happen to markets and the economy in the near term is causing us to misjudge the accumulation of much greater long term risks to our economy, " he was quoted as saying.
According to the article, Druckenmiller cited "soaring production, accelerating household net worth and strong retail sales," adding it was time to jettison the Fed's "myopic goals" of ZIRP, now five years into the previous mess.
Here's a link for more.
rle louis
http://www.cnbc.com/id/101838762
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