Duquense Family Office CEO Stanley Druckenmiller is anticipating a recession next year, warning that the economic downturn could be 'really bad,' as the Federal Reserve tightens monetary policy with continued interest rate increases
Andersen Capital Management CIO Peter Andersen argues the Federal Reserve isn't making decisions based on 'real-time' data.triggering a recession with its inflation fighting policy and warns that financial markets could stagnate for a decade as a result.
Druckenmiller, who runs Duquense Family Office, a wealth manager with more than $1.3 billion of assets under management, pointed to the extraordinary quantitative easing and zero interest rates over the past decade as the driving forces behind the looming recession. Stanley Druckenmiller, chief executive officer of Duquesne Family Office, speaks during a Bloomberg Television interview in New York, Mon., Dec. 17, 2018.
"The chances of a soft landing are likely to diminish to the extent that policy needs to be more restrictive, or restrictive for longer,"
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