by Billionaire hedge fund manager John Paulson has shaken the financial world with a daring statement. During a performance at Fox Business’ ‘The Claman Countdown’, the founder of Paulson & Co. Through an exit strategy of the American markets such as Vice President Kamala Harris, the presidential elections of 2024 wins.
“If Harris is chosen, I would get my money from the market,” said Paulson. He explained his reason: uncertainty. “I would go in cash and I would go into gold because I think the uncertainty about the plans they painted would cause a lot of turbulence in the markets and would probably lower them.”
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It is a daring explanation of a man who is known for running heads – and making billions by correctly predicting the 2007 home crash.
Paulson, an important Trump donor, makes no vain threats. His concerns stem from Harris’s proposed policy, including more government spending and what some critics call ‘centralized price controls’.
Economists have shrunk the figures and estimate that the plans of Harris can cost $ 1.7 trillion. Paulson is concerned that such a policy could disrupt economic machines.
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“It depends a lot on who is in the White House and who is checking the congress,” Paulson warned. “If they continue with a tax of 25% on non -realized profits, this would lead to mass sales across the board – shares, bonds, real estate, art. It would cause a market crash, and we would almost go to night to watch a recession. “
Known for his ability to recognize problems for the bow, Paulson’s words will certainly make investors uncomfortable. He has built up a reputation to look through the smoke before others smell fire. So when he says he is ready to withdraw from the American market, people listen.
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The core of the care of Paulson is the middle class. During the conversation he pointed out how many hangers are on the upcoming elections. “The middle class is the key to this election. And it is all about who will do it better for them,” he said, adding that the average real wage has risen by around 6.5% under Trump’s policy. Under the administration of Biden, on the other hand, real wages have fallen due to inflation.
