Druckenmiller warns there are ‘more shoes to drop’

Yahoo!Finance-Bloomberg/Will Daniel/6-7-2023

ramriez cartoon on the Fed making a slight overcorrection on inflationCartoon courtesy of MichaelPRamirez.com

“There’s a lot of stuff under the hood when you go from this kind of environment, the biggest broadest asset bubble ever, and then you jack interest rates up 500 basis points in a year, I think the probability is that Silicon Valley Bank, Bed Bath & Beyond, they’re probably the tip of the iceberg.” – Stanley Druckenmiller, Duquesne Family Office

USAGOLD note: Druckenmiller sees a credit crunch and recession ahead.……

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