New Jersey Governor Chris Christie, addressing lawmakers amid investigations into political retribution, laid out his second-term agenda beginning with a fresh acknowledgment of his administration’s errors.
Two months ago, New Jersey Governor Chris Christie was certain to win a second term without help from aisle-jumping Democrats or $25 million in federal storm aid for tourism commercials that starred him and his family.
Governor Chris Christie has several chances soon to repair a dented public image, from an agenda- setting New Jersey speech to a series of out-of-state Republican fundraisers to his own second-term inaugural bash beneath the Statue of Liberty.
Hedge-fund icon Stanley Druckenmiller is quitting the business after three decades, telling investors he’d been worn down by the stress of trying to maintain one of the best trading records in the industry while managing an “enormous amount of capital.”
Stanley Druckenmiller, who boasts one of the hedge-fund industry’s best long-term track records of the past three decades, said it would be a “big deal” for financial markets if the Federal Reserve were to completely end its asset purchases as outlined over the next 12 months.
Stanley Druckenmiller, the billionaire hedge-fund manager who returned an average of 30 percent a year from 1986 through 2010, said the long rally by commodities is over as China switches to consumption-led growth rather than investing in infrastructure.
Hedge-fund managers from Stanley Druckenmiller to Fortress Investment Group LLC’s Michael Novogratz and Passport Capital LLC’s John Burbank said U.S. stocks would continue to do well this year even if the Federal Reserve gradually reduces its asset purchases, a move the central bankers resisted today.