Economics
Druckenmiller Says Risk-Reward in Stocks Is Worst He’s Seen
- Prospect of a V-shaped recovery in U.S. ‘a fantasy,’ he says
- Druckenmiller says stimulus programs aren’t building growth
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Stan Druckenmiller said the risk-reward calculation for equities is the worst he’s seen in his career, and that the government stimulus programs won’t be enough to overcome real world economic problems.
“The consensus out there seems to be: ‘Don’t worry, the Fed has your back,’” said Druckenmiller on Tuesday during a webcast held by The Economic Club of New York. “There’s only one problem with that: our analysis says it’s not true.”