America’s Economic Downturn Could Be Worse Than ‘Average Garden Variety’ Recession: Stanley Druckenmiller

America’s Economic Downturn Could Be Worse Than ‘Average Garden Variety’ Recession: Stanley Druckenmiller
Billionaire investor Stanley Druckenmiller participates in a panel discussion in New York City, on Nov. 3, 2015. Neilson Barnard/Getty Images
Tom Ozimek
Updated:
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Billionaire investor Stanley Druckenmiller said at an investor summit in New York City on Sept. 28 that he’s worried that the economic downturn stalking the United States could be worse than an “average garden variety” recession.

Druckenmiller said at the Delivering Alpha Investor Summit that he’s convinced it’s impossible for the U.S. economy to experience a so-called “soft landing,” which is a situation when growth slows but the economy avoids falling into a recession.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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