Druckenmiller warns US debt crisis worse than he imagined

Bloomberg/Sonali Basak/5-2-2023

“The fiscal recklessness of the last decade has been like watching a horror movie unfold… but honestly, all this focus on the debt ceiling instead of the future fiscal issue is like sitting on the beach at Santa Monica worrying about whether a 30-foot wave will damage the pier when you know there’s a 200-foot tsunami just 10 miles out.” – Stanley Druckenmiller, Duquesne Family Office

USAGOLD note: There are problems then there are PROBLEMS … The one might go away, but the big one is here to stay.