Geiger Capital Profile picture
Sep 28, 2022 2 tweets 1 min read Read on X
MUST WATCH:

Incase you don’t realize how bad our debt/bubble situation is… listen now.

Druckenmiller playing no games today
It’s truly incredible…

We all know our spending is out of control and can’t be sustained, yet we do nothing about it. In fact, we vote for leaders who want to spend even more.

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More from @Geiger_Capital

May 10, 2023
Stan Druckenmiller at Sohn 2023:

“I’m sitting here staring in the face of the biggest and probably the broadest asset bubble, forget that I’ve ever seen, but that I’ve ever studied.”
Stan Druckenmiller at Sohn 2023:

“We are absolutely going to cut entitlements in this country. It is a lie and it’s a fantasy to say we don’t have to cut entitlements. We either cut them now or we’re going to cut them later on. But if we cut them later, it will be much worse.”… twitter.com/i/web/status/1…
Stan Druckenmiller at Sohn 2023:

“If we get into a hard landing, are we finally going to allow creative destruction and Capitalism to do it’s thing? I think if we do, we’ll have a chance and what’s made America great for 200 years could possibly revive.”
Read 4 tweets
May 9, 2023
“All this focus on the debt ceiling instead of the future fiscal issue is like sitting on the beach at Santa Monica worrying about whether a 30-foot wave will damage the pier when you know there’s a 200-foot tsunami 10 miles out.”

-Stanley Druckenmiller

We need to cut spending.
“It is a lie and a fantasy to say we don’t have to cut entitlements. The problem is we are either going to cut them now or we’re going to cut them later. And later will be a lot worse.”

Druck is spitting right now.😤
“Paul Volcker intentionally sent the US into recession and 20-30 years of prosperity followed.”

“If there’s a hard landing, I wonder if we’ll finally allow for capitalism to do it’s thing and for there to be destruction of companies.”

-Stan Druckenmiller Image
Read 5 tweets
Oct 7, 2022
My blunt view on Russia/Ukraine:

I personally don’t think this is worth risking outright war with Russia or the use of nuclear weapons.

9 months ago, the majority of Americans had no idea what Ukraine was. They couldn’t point to it on a map. (Majority likely still can’t)

1/
We just had 2 decades of “Why are we in the middle east?!” and “End the endless wars!”

Now… we couldn’t even go ONE YEAR after finally leaving Afghanistan before jumping into another war we don’t belong in.

Has the public been completely brainwashed? Always hungry for war?

2/
Yes, Putin is terrible. Yes, he has no right to invade Ukraine and use deadly force to take land. But sadly, history is filled with these attempts. History is filled with wars.

But WE don’t have to be involved in every single one. We also don’t need to be escalating them.

3/
Read 8 tweets
Oct 4, 2022
I don’t understand it. I really don’t.

Where is the outrage? We should be demanding budget cuts or removing leaders from office. Instead, people calling for the Fed to pivot and go back to more QE. More ZIRP. Are we trying to make the US a zombie company?
nytimes.com/2022/10/04/bus…
Rates can’t be 0% forever.
Debt can’t climb forever.

If rates at a normal level (barely 3%) kills a company, that company SHOULDN’T be alive. It’s a QE zombie.

If stocks fall 35%, that is where stocks are SUPPOSED to be.

0% and QE isn’t normal.
We’re not supposed to be there.
Cut the budget, stop running deficits, set normal rates and then rebuild.

If something doesn’t survive, it probably wasn’t supposed to in the first place. It’s most likely been dead since 2008, kept alive on what was promised to be “temporary” QE life support.
Read 4 tweets
Jan 19, 2022
🧵Quick thread on what I think is going to happen and how the Fed has created the worst policy disaster of our lifetime:

Strong headline I know.
Set the stage…

The economy seems to be rolling over. Politicians and media heads can say that the economy is super strong, but the data doesn’t. CPI is at 7% and we all know real inflation is closer to 15%. Yet, we currently have rates at ZERO (0%) and are still running QE. 1/
The Fed has finally boxed itself in after a decade+ of evasion. Inflation has caught up and now they have to act. Simple right? Use your tools! Stop the QE, raise rates and start to tighten. Paul Volcker showed you how to do it!

Not so fast. Let’s go back quick. 2/
Read 9 tweets

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