Market optimism on inflation ‘misleading’; Bond erosion accelerating; Druckenmiller is now shorting Treasury bonds with 20% of his Duquesne Family Office’s portfolio.

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Druckenmiller recently announced at a conference that he is shorting U.S. Treasury bonds, and these bets now account for 15% to 20% of his portfolio.

https://www.fool.com/investing/2024/10/20/does-stanley-druckenmiller-know-something-wall-str/

✅Market optimism on inflation is ‘misleading’
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Inflation is not dead, it’s just resting

LONDON, Oct 18 (Reuters Breakingviews) – Over the past three years inflation has gone from “transitory” to “persistent” to, well, boring. Across the developed world annual price increases are returning towards the subdued 2% level targeted by many central banks. Commentators are talking of the Goldilocks scenario, where the economy, like the porridge in the fairy tale, is neither too hot nor too cold.
Don’t break out the champagne yet, though. There’s a long history of monetary policymakers prematurely celebrating the end of inflation, only to be caught off guard by its sudden resurgence. Perhaps the best example comes from the early 1970s.

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https://www.reuters.com/breakingviews/inflation-is-not-dead-its-just-resting-2024-10-18/