Billionaire Investors Warn of Looming Recession While Markets Rally on Rate Hold
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Billionaire investors like Stanley Druckenmiller and Jeffrey Gundlach warn a recession is coming, citing slowing retail sales, bank turmoil, and rising interest costs.
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Ray Dalio echoes concerns about widening government deficits, while Jamie Dimon calls this the most dangerous time in decades.
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Markets rallied on the Fed's latest rate hold and economic resilience notes, but the billionaire crowd remains negative.
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Theories suggest new hires from 2021-2022 hiring surge just need more training time to improve productivity.
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Some say billionaires warn about "breaking" the economy to protect their own business models that benefited from low rates.