Saturday, December 3, 2022
Home POLITICS Hard landing for the US economy very likely in 2023

Hard landing for the US economy very likely in 2023

Billionaire investor Stanley Druckenmiller said he would be surprised if there wasn’t a recession in 2023 and predicted a hard landing at CNBC’s Delivering Alpha Investor Summit in New York City on Wednesday. According to CNBC, Druckenmiller said he believes the Federal Reserve’s attempt to quickly undo the excesses it helped rack up over a decade of loose monetary policy will not end well for the US economy.

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