Well-known personalities of the investment world quite often blame the bad situation on the macroeconomic situation and general world developments. But this time, the legendary Stanley Druckenmiller pointed the finger at a specific culprit!
Billionaire Stanley Druckenmiller has said that he believes the Federal Reserve' s tightening of monetary policy may plunge the United States into a bigger recession than expected next year .
Speaking at the Delivering Alpha conference hosted by CNBC television in New York, Druckenmiller, founder of the Duquesne family office that manages his wealth, said he "would be stunned" if the Fed's monetary tightening did not result in a U.S. recession in 2023.
https://www.youtube.com/watch?v=T1s7O40DDBQ
"Primarily we expect a hard landing by the end of '23," Druckenmiller said. "I won't be surprised if there is a larger than average so-called 'garden variety' recession."
What he meant by that is that this…
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