Stan Druckenmiller accuses Yellen of making the biggest blunder in history

[Neodymium60]

https://finance.yahoo.com/news/billionaire-investor-stanley-druckenmiller-accuses-125123462.html

“When rates were practically zero, every Tom, Dick and Harry in the U.S. refinanced their mortgage… corporations extended [their debt],” he said. “Unfortunately, we had one entity that did not: the U.S. Treasury.”

In 2017 Yellen was quoted as saying she “expects no financial crisis in our lifetime”

Another screw up by another Ivy academic.  Living proof of the Peter principle.

 

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