Tuesday, May 9, 2023

Yeah...Him lol

 


Druckenmiller Warns US Debt Crisis Worse Than He Imagined


He's the one who said it :-)


“The fiscal recklessness of the last decade has been like watching a horror movie unfold,” Druckenmiller, 69, who now runs his own Duquesne Family Office, said in a speech Monday at the University of Southern California Marshall School of Business.

In a follow-up email, he said he hopes the US government doesn’t go into default, “but honestly, all this focus on the debt ceiling instead of the future fiscal issue is like sitting on the beach at Santa Monica worrying about whether a 30-foot wave will damage the pier when you know there’s a 200-foot tsunami just 10 miles out.”

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