A great interview was recorded by Bloomberg last week with one of the greatest market investors of all time - Stan Druckenmiller. Holding an amazing record in investing for decades (not without mistakes thought), Stan worked with George Soros for a good part of his career before going at it alone. I thought it would be great to post it here for those who have not seen it yet. The gentleman discusses global debt issues, world politics, market investing, central banks, money printing (currency devaluation), the economy and so on. A must watch!
p.s. A quick update regarding the equity markets in the US: I was surprised by the recent NYSE Margin Debt figures, as I saw a $30 billion increase in a single month. Speculation is rising almost vertically now, similar to early parts of 2007 (chart below). Interestingly enough, Bloomberg also wrote a separate piece today (just as interesting) showing that short sales, also known as bearish bets, are at the lowest level since the market peak in 2007 (link here).