Yahoo!Finance-Bloomberg/Will Daniel/6-7-2023
Cartoon courtesy of MichaelPRamirez.com
“There’s a lot of stuff under the hood when you go from this kind of environment, the biggest broadest asset bubble ever, and then you jack interest rates up 500 basis points in a year, I think the probability is that Silicon Valley Bank, Bed Bath & Beyond, they’re probably the tip of the iceberg.” – Stanley Druckenmiller, Duquesne Family Office
USAGOLD note: Druckenmiller sees a credit crunch and recession ahead.……
