A Very Bearish Stanley Druckenmiller Blows Up At The Fed; Reveals His Biggest “Currency” Position

Jon Alternative Media, Banking, Blogosphere, Economy, Fiscal Policies, Government, Market Commentary

If anyone had wondered if Stanley Druckenmiller’s recent bearishness had dissipated, or transformed into at least modest bullishness as a result of the market meltup, we have bad news.
Moments ago at the Sohn Conference, Druckenmiller raged at the Federal Reserve’s dire monetary policies, saying that low interest rates have caused an environment where “not a week goes by without someone extolling the virtues of the equity market.” The obsession with short term stimulus contrasts with the monetary reform of 80’s which led to the bull market, he added.
The Fed bashing continued when Druck said that “by most objective measures, we are deep into the longest period ever of excessively easy monetary policies. Despite finally ending QE, the Fed’s radical dovishness continues today. By most objective measures, we are deep into the longest period ever of excessively easy monetary policies. In other words, and quite ironically, this is the least ‘data dependent’ Fed we have had in history.”

This post was published at Zero Hedge on 05/04/2016.