Druckenmiller: The US is in worse shape for a recession now

Stanley Druckenmiller, former chairman and president of Duquesne Capital, joins "Squawk Box" to discuss how he approaches investing as well as his calls on the economy, trade and the markets.

[goldfish]

I've really come to detest these cable news blabbermouths. Just spouting a bunch of nothing.

[jefflombardi]

We have thousands of zombie companies. Without artificially low rates this party is done. Unreal.

[reykii]

Panel: How many times are we allowed to interrupt our guest speaker?
Producer: Yes.

[Abel]

recession? thats bad right....but Trump said the economy is the best is history....

[LittleBahamutGTR]

There are people out there who are happy for a recession because they are are getting ready to buy up assets when things go bad. I feel for those who lose in the economic crash and hope the crash won't be long. Don't get too excited for a crash like one of my relatives who was so excited for a crash to buy a home or a rental property only to get laid off very shortly. He was bragging so much online how he was going to get it good and then got fucked in the ass.

[mangottwo]

A rare voice of what should be common sense. Trump among the many idiots of the Establishment: "We have to keep interest rates low because debt is so high". .... "Heck, why do you think debt is so high?" Perfect response!

[iantodd]

"they could've snuck one in", " they did sneak one in, in 2015", "yeah but"! This is when you realize no one really knows what the hell they are taking, or they are completely lost as to what to do!

[xo]

u.s. individual are now having difficulty on life, many were homeless . peoples are worried becoming poor.

[zerpacific]

from "worse shape for a recession"... to closing statement "I'm not worried"

[jasongomperz]

Druckenmiller and Gundlach are generally the 2 most perceptive interviews on macro events. ..What strikes me most about watching this interview 2 months late on 8/7, is the 10 year yield has dropped from 2.12% down to 1.74%.

[keeganpenney]

This is the most reasonable thinker I've seen on cnbc in a long time.

[johnnybourgeois]

" We turned off CNBC, " said Danny Moses. " It became very frustrating that they weren't in touch with reality anymore. If something negative happened, they'd spin it positive. If something positive happened they'd spin it out of all proportion. It alerts your mind.You can't be clouded with shit like that"

- 'The Big Short', Michael Lewis, p. 168, Penguin edition.

[LoveThatRod]

If the listener is confused, the speaker is even more so.

I like Stanley but he seems very unsure of where this ship is headed and at what speed right now. The GDP is a measure of the ship’s speed on the water, and the Fed is the normally unnecessary engine on a sailboat. Wall Street is trying to read the winds, set the sails, pick a point on the horizon and listen for the Fed firing up or turning off the engine down below.

The fiscal policy by the government is almost non existent because of their infighting - the monetary policy is fighting against decaying foreign countries and their failed monetary policies, and we are left with a Wall Street that is trying it’s darnest to be positive and growing - in spite of a more confusing US and global financial landscape.

[jaym]

Let people spend & print like governments and their central banks.

[petdackson]

So WHEN FEDS CUT RATE TO ZERO and there is no more to cut then what are they going to do? Ridiculous!!!

[Gamerz]

The economy is a mixed bag, some recovering, some recovered partially, and some like myself have it the best it has ever been.

My wages doubled, new jobs everywhere, lowest unemployment, jobs added will decrease as we reach near full capacity.

However it is known 7 million have late car payments, people have too much house, credit card and education debts.

Others have stayed where they are, their jobs not paying more and them not leaving. They may not have debt but aren't growing either.

There is also a miscellaneous category. Which includes black market deals, drugs, crime, etc. There are people who refuse to work and want freebies, but stay in poverty. There are people I know saying they can't make it but won't work the 20hrs overtime which is like a 75% wage increase.

There are many variables in play. I've got new fastfoods, healthcare, distribution centers all coming locally to my area...you can't say it is the worst economy, I can however say it is the best I've seen. Wages at my old job went up like $6hr. I swapped jobs and still doing better.

I feel like the trade off for low interest is people sell houses for more.

[ask_why]

Wall Street over Main Street. Traders over investors. The wealthy over the middle/working class. A network of stock market cheerleaders: Yeah, I'm sure this will end well.

[leestewart]

More like drunkenmiller. Wow!
Probably on point somewhat but, seems a little intoxicated .

[gerard]

Recessions are supposed to happen quite often. It’s a sign of a healthy economy. Debt is also not a bad thing for a country. Just means there’s a lot more that the us has in the future to use. For example. Education. It’s a debt until later on we invest millions in students (loans) that will pay themselves in services and products later on. Or labor.

[GS]

Wasted 5 minutes, this guy is so confusing, does he even have a point ?