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Druckenmiller Warns Of "Hard Landing", Blasts Fed "Free Money" Making People Do "Really Stupid Things"
Stan Druckenmiller thinks the US economy is teetering on the edge of a recession, predicting a "hard landing", and warning that "there's a lot more bodies coming" with regarding regional banks and corporate bankruptcies. The billionaire founder of Duquesne Family Office said Tuesday during the 2023 Sohn Investment Conference that it’s a really hard time to come up with an accurate economic forecast, slamming "Jerome Powell's Fed" for having its "foot on the gas" even though the risk of inflation was apparent amid the recovery from COVID. Druckenmiller has been a big critic of what he calls the Fed’s too-easy ... (full story)
