The removal of hurdle rates for investment due to near-zero monetary policy has allowed debt to explode globally, creating the conditions for a bigger financial crisis than 2008 because policy responses have tripled down on the same mechanisms (debt expansion) that caused the original crisis.

causalpending

Speaker

Stanley Druckenmiller

Evidence Quote

the reason that has exploded again there's no hurdle rate for investment and when you can borrow money at zero of course debt is going to explode

Source

Stanley F. Druckenmiller: Monetary Policy & MarketsReal Vision
Created: 8/10/2026, 10:51:28 PM

My Notes

Loading notes...