15 December 2023
Billionaire investor Stan Druckenmiller, speaking on CNBC, issued a stark warning about the soaring U.S. government debt, stressing its potential to drastically hinder essential spending and erode America’s global leadership. He sharply criticized Treasury Secretary Janet Yellen for failing to capitalize on low-interest rates during the pandemic to issue long-term bonds. Druckenmiller’s outlook paints a grim picture of the U.S. economy’s future under current fiscal policies.