SKIP TO MAIN CONTENT

ATTN: Editorial editors

Stanley Druckenmiller, the man who broke the Bank of England and made $1 billion in 1992 by selling the British pound with his colleague George Soros, is worried about today's economy. For Druckenmiller, it feels like 2004, just before the financial crisis, just before the global economy slid into recession. "There is nothing more deflationary than creating a phony asset bubble, having a bunch of investors plow into it and then having it pop," the investor told the Lost Tree Club in Florida on Jan. 18.

1 min read

Published

Updated

By Mark Gilbert

Source: The Washington Post


Skip to article content

PICK UP 2nd graf: On Friday, a transcript xxx


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world