Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy
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Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is largely driven by credit card usage. Druckenmiller, a seasoned investment mogul, warns that it would be foolish to ignore the possibility of a “really, really bad” scenario unfolding. Druckenmiller Cites Drop in Consumer Spending and Banking Industry Turmoil as Recession Indicators At the 2023 Sohn Investment Conference in San Francisco, Stanley Druckenmiller sounded the alarm on the U.S. economy. While others may be
The American investor, hedge fund supervisor, and philanthropist – Stanley Druckenmiller – believes the US financial system is heading in the direction of recession “sometime in 2023.” Amid his... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
Renowned billionaire hedge fund manager Stanley Druckenmiller says that in an inflationary bull market, he wants to own bitcoin more than gold “for sure.” However, he explained that in a bear market,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
BitMine Immersion Technologies, chaired by Fundstrat’s Tom Lee, has added another 208,137 Ether (ETH) to its growing crypto treasury, bringing its total holdings to 833,137 ETH. The latest accumulation, disclosed in a company statement on Monday, now places BitMine’s Ethereum assets above $3 billion in value, as ETH briefly climbed…