Free Republic

A billionaire GOP investor said he is considering backing a Republican opponent to President Trump if a credible candidate emerges during the 2020 GOP primary. Stanley Druckenmiller told The New York Times that he would consider donating to an alternative to the president in a GOP primary if he thought a challenger would have a chance against Trump. “If I thought such a candidate would be a good president and had a realistic chance of securing the nomination, yes, of course [I would donate,]" he told the Times. Druckenmiller most recently supported Ohio Gov. John Kasich (R) and Florida Gov....

Stan Druckenmiller ... when I look at the current picture of expected tax revenues combined with benefits promised to future generations, this is the most unsustainable situation I have seen ever in my career. The disaster that Druckenmiller sees coming for the United States is all about changing demographics and entitlement spending. They don’t add up to a sustainable situation. In 1940, entitlement payments, which include everything from disability payments to Social Security to Medicare, amounted to just over 20% of annual government spending in the United States. Today, entitlement spending has swelled to nearly 70% of the annual federal...

Tyler Durden 09/03/2014 "The stock market is at an all-time, but economic activity is not at an all-time," explains billionaire investor Sam Zell to CNBC this morning, adding that, "every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue; and when you got a demand issue it's hard to imagine the stock market at an all-time high." Zell said he is being very cautious adding to stocks and cutting some positions because "I don't remember any time in my career where there have been as many wildcards floating out there that...

George Soros, the billionaire financier, is handing more control of his money management firm to two of his sons as he continues to scale back the focus of his investment firm. Late Monday, Mr. Soros disclosed that he was promoting one son, Jonathan, to be a deputy chairman of the firm, Soros Fund Management, sharing the title with another son, Robert, who was named chief investment officer last month. Mr. Soros remains chairman of the firm, which manages $12.8 billion. The two sons will oversee the investment business day to day. At the same time, Mr. Soros is spinning off...