BREAKDOWN: 'Absolute Raging Mania' – Famed Investor Druckenmiller Thinks 10% Inflation Is Possible

The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

• Markets recover slightly but vaccine trade falters as AstraZeneca pauses trials
• Bitcoin and gold correlation increases sharply around dollar instability
• Mastercard launches simulation tools to help develop central bank digital currencies

Our main discussion: Stan Druckenmiller speaks!

NLW breaks down the famed investor’s interview with CNBC today, including:

• The merging of the Fed and the Treasury
• Mania in financial assets
• A growing fear of future inflation
• Why the next three to five years are going to be extremely difficult