BMWMC
B.C. boohoo buster.
The irony as people are trick by a rising stock market into thinking there getting wealthy they are actually getting poorer.
Stanley Druckenmiller
Stanley Freeman Druckenmiller is an American hedge fund manager, he is the former Chairman and President of Duquesne Capital, which he founded in 1981. He closed the fund in August 2010 because he felt unable to deliver high returns to his clients. Wikipedia
Born: June 14, 1953 (age 60), Pittsburgh, PA
Spouse: Fiona Druckenmiller
Education: University of Michigan, Bowdoin College
"Druckenmiller: Fed robbing poor to pay rich"
19 Sep 2013
The Federal Reserve isn't just inflating markets but is shifting a massive amount of wealth from the middle class and poor to the rich, according to billionaire hedge fund manager Stanley Druckenmiller.
In an interview on "Squawk Box," the founder of Duquesne Capital said the Fed's policy of quantitative easing was inflating stocks and other assets held by wealthy investors like himself. But the price of making the rich richer will be paid by future generations.
"This is fantastic for every rich person," he said Thursday, a day after the Fed's stunning decision to delay tightening its monetary policy. "This is the biggest redistribution of wealth from the middle class and the poor to the rich ever."