Druckenmiller’s False Alarm About Treasury Buybacks
Stanley Druckenmiller thinks we should listen when the bond market speaks. His recent opinion column in the Wall Street Journal, however, demonstrates that listening is not enough . You also have to understand the language of the market.
The event that prompted Druckenmiller to deliver his translation of the market’s message was the announcement by the Treasury Department that it would increase the upper-limit of its repurchases of 10-, 20-, and 30-year Treasury bonds from $2 billion per reverse auction to $4 billion. According to Druckenmiller, this is an attempt to silence the bond market .
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Read the full article at BREITBART.COM
