Bill Fleckenstein of Fleckenstein Capital appeared on CNBC's Futures Now program on Tuesday. It was kind of a strange segment. Futures Now host Jackie DeAngelis came out swinging, asking Fleckenstein right at the top if he was willing to admit that he had misunderstood monetary policy. Sounding taken aback, Fleckenstein answered: "I don't misunderstand monetary policy. I closed my short fund in 2009 because I knew the Fed would print money." "If you want to pursue idiots like the Fed, and their crazy policies, and you think you can get out in time, go for it," Fleckenstein said. Fleckenstein said he "never dreamed" ... (full story)