Posted on 09/29/2022 4:19:12 AM PDT by RomanSoldier19
Legendary investor Stanley Druckenmiller sees the Federal Reserve triggering a recession with its inflation fighting policy and warns that financial markets could stagnate for a decade as a result.
"I will be stunned if we don’t have recession in ’23," Druckenmiller said Wednesday at CNBC’s Delivering Alpha Investor Summit in New York. "I don’t know the timing but certainly by the end of ’23. I don’t rule out something really bad."
Druckenmiller, who runs Duquense Family Office, a wealth manager with more than $1.3 billion of assets under management, pointed to the extraordinary quantitative easing and zero interest rates over the past decade as the driving forces behind the looming recession.
"All those factors that cause a bull market, they’re not only stopping, they’re reversing every one of them," he said. "We are in deep trouble."
(Excerpt) Read more at foxbusiness.com ...
Understatement.
better to blame the Republican congress with
An economic “recession” may be the least of our problems pretty soon.
Jimmah 2.0
We are already in a recession as we’ve had 2 consecutive quarters of declining growth. I just don’t understand these articles
I may be wrong but I think I smell Democrat BS.
The Fed must keep printing money or we go into a recession. There’s a bigger problem than that.
“Understatement.”
I agree. This one is going to be a full blown Depression.
How pathetic.
We are already in a recession…. Question isn’t recession. Question is depression
Recession. Check
Stagflation. Check.
Depression. Soon to come.
I wasn't wrong DEMOCRAT BS.
Right up there with today's Washington Times article about 7 Ways a Recession Could Be Good for You.
This takes maximum discernment.
Druckenmiller worked for Soros and was the lead architect for the shorting of the pound sterling in 1992.
Ended up working for Soros for 12 years.
“Recession. Check
Stagflation. Check.
Depression. Soon to come.”
Yep, and this one will be much worse and probably not survivable. The only reason we survived the last one is because a majority had gardens and stock in their backyards. Even in the more populated demographics.
A majority is now just three days away from completely running out of sustenance.
We are in a recession- just holding off letting folks know the truth until elections.
We are already in a recession. He should know that.
Agreed. Agreed.
3 4 5 6 7 consecutive quarters of negative growth?
A recession is something you do not need to tell people THEY KNOW!!
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