Paul Tudor Jones, a hedge-fund luminary, on Monday said the next economic downturn confronted by the U.S. could be an ugly one.
“The next recession is really frightening because we don’t have any stabilizers,” he said, speaking at an event sponsored by Goldman Sachs and hosted by its CEO Lloyd Blankfein called “Talk at GS.”
“We’ll have monetary policy, which will exhaust really quickly, but we don’t have any fiscal stabilizers,” Jones said.
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