If there is one thing most “Wall Streeters” agree upon, it is that China is in a major slowdown.
Druckenmiller says no way, and the effects:
- Druckenmiller has never seen a capital market rise as much as the China markets have in the last few months/quarters, without economic prosperity coming within the next 6-9 months
- “If correct, what do you think the price of oil will do?” Asks Druckenmiller
- Other hard commodities, Gold, steel…. ??
These are Druckenmiller’s comments, about as variant of beliefs as can be!
Time will tell … Digital Diary to be called upon down the road!
Have a Great Day !
John A. Kvale CFA, CFP