No. of Recommendations: 2
..[druckenmiller] expects inflation to flare up if and when Trump gets elected: “We’ve got from US$800 million in the Fed balance sheet to US$9 trillion, and if Donald Trump’s elected, trust me, it’s going to up a lot more in the next term… Trump is a big spender. He doesn’t believe in the Federal Reserves. And we go back to the Arthur Burns model times two. We have fiscal recklessness without abandon, just like he runs his business. And on top of that, he puts a puppet in the Federal Reserve. Under that model, you have to be open-minded to 8-10% inflation rate take-off like it did in the 1970s”
Yep, we'll get to see what dregs Project 2025 comes up with and try and weather the storm.
