{"id":1662604,"date":"2022-09-28T13:53:21","date_gmt":"2022-09-28T17:53:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1662604"},"modified":"2022-09-28T13:53:29","modified_gmt":"2022-09-28T17:53:29","slug":"investor-druckenmiller-sees-u-s-falling-into-recession-next-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/investor-druckenmiller-sees-u-s-falling-into-recession-next-year\/","title":{"rendered":"Investor Druckenmiller sees U.S. falling into recession next year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finvestor-druckenmiller-sees-u-s-falling-into-recession-next-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1662604&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) -Billionaire investor Stanley Druckenmiller said he believes the Federal Reserve\u2019s monetary policy tightening may push the U.S. into a bigger-than-expected recession next year.<\/p>\n<p>Speaking at CNBC\u2019s Delivering Alpha Conference in New York, Druckenmiller, founder of the Duquesne family office that manages his wealth, said he \u201cwould be stunned\u201d if the U.S. does not have a recession in 2023 as a result of Fed tightening.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>\u201cOur central case is a hard landing by the end of \u201823,\u201d Druckenmiller said. \u201cI will not be surprised if it is larger than the so-called average \u2018garden variety&#8217;\u201d recession. <\/p>\n<p>The Fed has raised interest rates by 300 basis points this year as it fights the worst inflation in decades and policymakers have signaled more jumbo rate hikes ahead, roiling bonds and sending U.S. stocks into a bear market. <\/p>\n<p>Druckenmiller said he didn\u2019t rule out that the Fed\u2019s policy tightening could lead to something worse than a hard landing, although that is not his base case. <\/p>\n<p>\u201cI don\u2019t rule out something really bad. Why? Because if you look at the liquidity situation that has driven this we\u2019re gonna go from all this QE to QT,\u201d he said. <\/p>\n<p>Druckenmiller also criticized the UK\u2019s policymakers after the country\u2019s mini-budget flagged 45 billion pounds\u2019 ($48 billion) worth of unfunded tax cuts, stirring volatility in sterling and British bonds and raising fears of global contagion before the Bank of England (BoE) stepped in to calm markets on Wednesday. <\/p>\n<p>\u201cThe situation in England is quite serious because 30% of mortgages are heading toward variable rates,\u201d Druckenmiller said. \u201cWhat you don\u2019t do is go and take taxpayer money and buy bonds at 4%.<\/p>\n<p>\u201cThis is creating long term problems down the road.\u201d<\/p>\n<p> ((Reporting by Carolina Mandl; Editing by Ira Iosebashvili, Deepa Babington and Leslie Adler))<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/druckenmiller-sees-us-falling\/attachment\/file-photo-stanley-druckenmiller-chairman-and-ceo-of-duquesne-family\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8R0U0-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8R0U0-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Billionaire investor Stanley Druckenmiller said he believes the Federal Reserve\u2019s monetary policy tightening may push the U.S. into a bigger-than-expected recession next year. Speaking at CNBC\u2019s Delivering Alpha Conference<\/p>\n","protected":false},"author":66,"featured_media":1889308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1662604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/investor-druckenmiller-sees-u-s\/?utm_source=rss&utm_medium=rss&utm_campaign=investor-druckenmiller-sees-u-s","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1662604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1662604"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1662604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889308"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1662604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1662604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1662604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}