Druckenmiller says negative rates are most anti-capitalist idea and Trump has clearly influenced Powell despite media claims.
“It's the most anti capitalist idea I could ever dream up, and he's pushing Powell.”
Druckenmiller warns Trump reelection and subsequent implosion would unfairly discredit capitalism despite Trump being anti-capitalist.
“You know, it it's funny because Trump if if if things if Trump gets reelected and things implode in the second term, capitalism will get a very bad name in my opinion, and will probably have a big political response, but it will be under someone who's sort of the antithesis of capitalism.”