Economics
Even Stan Druckenmiller Doesn’t Know Where Markets Go Next
- Key indicators aren’t red yet but ‘they are definitely amber’
- Legendary former hedge fund manager speaks in BTV interview
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The only question for Stanley Druckenmiller: How much worse does it get?
After a wild three months in the financial markets, the billionaire investor is warning that trading conditions may become even more challenging as central banks withdraw stimulus from a global economy that’s already slowing. He anticipates lousy returns on stocks for years to come and has been buying U.S. Treasuries on the expectation that yields will keep dropping.