Stanley Druckenmiller Admonishes Short Term Thinking, Warns On Debt

Like Blackrock’s Larry Fink, Duquesne Capital’s Stanley Druckenmiller thinks society is borrowing from its future and “is in a short term bubble.” Speaking at the Dealbook Conference in New York City Tuesday, the former hedge fund manager, who stopped managing outside money in 2010 and now operates as a family office, was critical of U.S. Federal Reserve quantitative easing policies, which he thinks “will end badly” as he touched on a seldom discussed issue that pegs the actual U.S. government debt obligations at over $200 trillion, not $19 trillion. Druckenmiller: U.S. society, epitomized by the Fed, is managing for the…