Druckenmiller says US on brink of a recession, sees hard landing
Bloomberg/Katherine Burton/5-9-2023
“Stan Druckenmiller said he thinks the US economy is teetering on the edge of a recession and predicts a “hard landing.” The downturn will occur at some point during the current quarter — even earlier than he previously expected,”
USAGOLD note: The good news is that Fed tightening looks to be taking effect on inflation; the bad news is that it also raises the prospect of a recession. Druckenmiller, who recently announced shorting the dollar, said that there are “no fat pitches” when it comes to investment ideas and that his Duquesne Family Office owns gold and silver.
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