Stanley Druckenmiller rings the alarm on an imminent recession - and says AI could rival the internet in impact

• Stanley Druckenmiller predicts a "hard landing" for the US economy, and a recession in short order.
• The investor cited falling retail sales and ongoing banking pressures as key headwinds.
• Druckenmiller suggested AI could rival the internet in terms of technological impact.

The US economy is headed for a "hard landing" and could slump into recession soon, Stanley Druckenmiller has warned.

The billionaire investor and boss of Duquesne Family Office suggested a downturn could set in this quarter, and cautioned against assuming a modest decline.