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Quote of the Day: Druckenmiller on the Fiscal Tsunami

We love it when really smart people echo what we’ve been saying for years.

“The fiscal recklessness of the last decade has been like watching a horror movie unfold… all this focus on the debt ceiling instead of the future fiscal issue is like sitting on the beach at Santa Monica worrying about whether a 30-foot wave will damage the pier when you know there’s a 200-foot tsunami just 10 miles out.”

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