Friday, June 9, 2023

Stanley Druckenmiller, an incredibly rich hedge fund manager, believes that a recession in the U.S. is getting close and could arrive as soon as June. According to him, Americans shopping through credit cards has decreased leading us closer to the possibility of an “extremely bad” economic situation. He urges people not to take this warning lightly.

Investors Warn of a Hard Landing in the U.S. economy

At the 2023 Sohn Investment Conference in San Francisco, Stanley Druckenmiller warned everybody that the U.S. economy is not doing well and the situation could get worse. He thinks there won’t be a “soft landing” but rather a “hard landing” meaning things could get very bad for the American economy. The image below shows how consumer spending has decreased.

After 30 years of working in the hedge fund industry, Druckenmiller has warned about the state of the U.S. economy due to a decrease in people spending their money, as well as some banking problems that have come up recently. Other experts feel similarly and are echoing these warnings too.

Some famous investors, like Barry Sternlicht, David Rosenberg, and Jeffrey Gundlach are warning of a “hard landing” in the United States. At a recent event, Stan Druckenmiller agreed with this prediction and gave some proof: more unemployment, a 20% decrease in business earnings, and an increase in bankruptcies. He made it clear that he doesn’t think that this could be as bad as the 2008 economic crisis though.

“I’m not saying this will be worse than 2008, but it’s silly to think that something really bad can’t happen.”

Stan Druckenmiller Sees New Opportunities Ahead After Recession

Some think the U.S. economy will stay strong, but investor Druckenmiller believes it’s going to get worse before it gets better. While he thinks there will be a recession soon, he is still positive about the future since he sees new opportunities in and after the recession.

Businessman Stan Druckenmiller predicts that there will be lots of amazing chances to come in the future, especially regarding Artificial Intelligence (AI). He believes this time after the recession is an ideal environment for new technologies and ideas to move forward.

According to him, AI has great potential and even could create companies worth more than $100 billion!

At the Sohn Investment Conference, Stanley Druckenmiller clearly showed his disapproval of what the Federal Reserve was doing. He thinks that their efforts to stop inflation and recession have not been effective. In other words, he said “We basically wasted all our bullets”.

Do you agree with Stanley Druckenmiller’s opinion on the US economy? Or do you have a different opinion? Let us know in the comments section.


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