Stanley Druckenmiller on the Present Economic Mess we are in

From here:

While Druckenmiller doesn’t expect the U.S. to slip back into recession, he sees growth remaining weak as banks lend less and companies hold back on hiring and capital expenditures.

He’s concerned that with interest rates near zero, neither the government nor consumers will pay down their debts.

“We are setting ourselves up for a much worse problem if we don’t deleverage,” he said.