Billionaire investor Stanley Druckenmiller was a guest speaker at CNBC’s Delivering Alpha Investor Summit in New York City on Wednesday, September 28, echoing the day’s worries and pointing to a troublesome future. Druckenmiller’s main thesis revolved around a ‘hard landing in 2023’ but an even more troubling future. He also added:
What will happen to future generations?
Druckenmiller continued painting a bleak picture where the debt the US has accumulated over the decades is so high that it will eat away at the ability to service future generations of American citizens.
Futureproofing next generations
The billionaire investor indicated that today’s troubles would pale compared to what awaits future generations. In the past, such doomsayers were often proven wrong by increased productivity and new wealth creation. Whether the “green revolution” will help the current and future generations create new high-paying jobs and whether new technologies will help repeat history remains to be seen. For now, caution is warranted on all economic fronts. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
