Max and Stacy discuss billionaire investor, Stan Druckenmiller, announcing he’s dumped his equity portfolio and has gone long Treasuries with the assumption that interest rates will go to zero. While stock markets are pricing in boom times forever, the bond markets are saying apocalypse is on the horizon. In the second half, Max interviews Mish Shedlock of MishTalk.com about his new parody song, “Bubbles B. Goode,” in reference to the new Fed chairman, Jerome Powell, promising to cut rates to keep the good times rolling. They discuss rate cuts and what this portends for the future.z
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