Billionaire Stanley Druckenmiller is shorting the US dollar: Bloomberg - Business Insider

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Billionaire investor Stanley Druckenmiller is said to be shorting the US dollar — and he expects a Democratic sweep this election to hurt stocks in the coming years

"We have borrowed so much that I'm skeptical that three to five years out that equities will give us any kind of return," Bloomberg reported Druckenmiller saying at the virtualHe said the prospect of higher taxes and inflation will weaken equities in the coming years.

Druckenmiller, whose net worth is around $5.8 billion, told some conference attendees that he was shorting the US dollar, as US Treasuries have seenIf a successful COVID-19 vaccine and fiscal stimulus boost is delivered, some stocks should perform better in the next few months, he said. in the second quarter this year. He suggested that now, there is hope for unloved stocks, such as airlines and cruise lines.

 

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‘... hurt stocks ...’ What about the result hurting *people*? 😉

More good news please(((

BITCOIN IS GOING NUTS!! It is up over $500 to $13.7k and it isn't suppose to slow down till 20k!!!! SHES A PEACH 🍑!!

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