Druckenmiller is bullish on the American economy

Billionaire Stan Druckenmiller is bullish on the American economy following the U.S. election, anticipating a much stronger dollar and higher bond yields.
Month ago Druckenmiller, said at the Robin Hood Investors Conference in Brooklyn, said the euro could weaken to 82 cents against the dollar, and yields on the U.S. 10-year Treasury may rise to 6 percent over the next year or two from about 2.3 percent. He’s also short the yen and global bonds, according to people who heard him at the gathering, which was closed to the press.
Since the election of Donald Trump, Druckenmiller has forecast a stronger dollar and rising global yields. He has expressed optimism that the Trump administration will follow through with its promise of tax reform and deregulation to help the economy grow. A few days after the Nov. 8 vote, he said he had sold out of his gold position.

The investor is less sanguine about the fate of the euro-zone. At the conference Druckenmiller said he expects it will slowly break apart over the next decade, according to the
people. Druckenmiller, who now manages his own wealth, said his returns this year were in the low teens. He averaged annual returns of 30 percent from 1986 through 2010 at his Duquesne Capital Management.

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