Sohn Conference: Druckenmiller Says Recession Coming Next Year

There’s been much debate about whether a recession is right around the corner or not. The hedge fund industry seems split on the matter. Managers who are rightly angered by the irresponsibly loose monetary policy that has dominated the world’s central banks are predicting a hard landing and a recession, but those who don’t see any issues with how the central banks have behaved are not expecting a recession. Stan Druckenmiller of Duquesne Family Office is firmly in the former camp, calling for a recession in 2023. However, he emphasized that it’s only a guess and that he doesn’t know…