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Druckenmiller Warns US Debt Crisis Worse Than He Imagined

  • Billionaire investor says Fed is fueling reckless behaviors
  • US fiscal problems go far beyond debt-ceiling battles, he says
Bloomberg business news
Druckenmiller's Dire Warning About Debt Crisis
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Stanley Druckenmiller, the hedge fund investor and long-time deficit hawk, said the current impasse over the debt ceiling is dwarfed by the dangers of unchecked future government spending.

“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.