Stanley Druckenmiller warns of U.S. recession and bullish on A.I.
TL;DR Summary
Stanley Druckenmiller, CEO of Duquesne Family Office, warned of a potential hard landing for the U.S. economy, which could result in at least a 20% decline in corporate profits. He expressed concern over the debt-ceiling debate, calling it "really depressing" and hoping to avoid a technical default, which could cause a "market event." Druckenmiller spoke at the 2023 Sohn Investment Conference held virtually on Tuesday.
Topics:business#debt-ceiling#finance#market-event#sohn-investment-conference#stanley-druckenmiller#us-economy
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