(Bloomberg) — The markets are in a “raging mania” and rising inflation is a big threat, investor Stan Druckenmiller said.Inflation could hit 5% to 10% in the next four to five years, Druckenmiller said Wednesday in a CNBC interview, adding that the Federal Reserve has created conditions that have sent valuations soaring. Deflation is also a risk, he said.“Everyone loves a party but inevitably after a big party there is a hangover,” he said. “We are in a raging mania.”Investors, however, in general don’t see much risk of higher inflation in the U.S., according to prices in the market for …read more
Source:: Yahoo Finance
