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Date Posted: 8:31:56 4/26/23 Wed
Author: Jasper
Subject: Druckenmiller, who as George Soros’s right-hand man helped break the Bank of England

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Druckenmiller also reiterated his view that big asset classes like equities were likely to show little if any positive direction over the next 10 years. “I think we will have a lot of swings.” However, the investor expected a US recession and is shying away from “old economy” small and midsized companies. “I’m in the ‘hard landing’ camp,” he told the conference.
The US dollar went on a tear higher in 2022 when the Fed jacked up interest rates aggressively to contain inflation, with an index that measures the currency’s strength against a basket of its biggest counterparties climbing 8 per cent.
However, growing investor fears that the US economy is heading towards a recession and that the US central bank is about to halt its rate increases — and might even be forced to begin to cut by the end of the year — have sent the dollar index down by nearly 10 per cent since its November peak.

https://archive.is/20230425211504/https://www.ft.com/content/b74b0563-ee34-4cc6-b31e-c95f1598eecc#selection-2099.0-2113.294

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