Turning to trading, Stan Druckenmiller says it's "complete nonsense" to believe low Treasury yields reflect a market copacetic with the state of government finances. "The market isn't saying anything about the future. It's saying there's a phony buyer (the Fed's QE) of $19 billion of Treasurys a week." Druckenmiller is long Treasurys.
at CNBC.com (Nov 18, 2014)