Billionaire Hedge Fund Manager John Paulson Says He'd Pull Money From Market If Kamala Harris Wins Election

📆 9/18/2024 1:19 PM
📰 News4SA

⏱ Reading Time:
22 sec. here
7 min. at publisher
📊 Quality Score:
News: 29%
Publisher: 63%

Politics News

John Paulson,Kamala Harris,Election

John Paulson, a supporter of former President Donald Trump, believes that Vice President Kamala Harris's economic strategy would be disastrous for America. He stated that he would pull his assets from the stock market and invest in cash and gold if Harris wins the presidential election.

NEW YORK, NEW YORK - SEPTEMBER 17: John Paulson on set of "The Claman Countdown" at Fox Business Network Studios on September 17, 2024 in New York City.

Paulson, a supporter of former President Donald Trump, is expected to be on Trump’s radar to potentially serve as treasury secretary. He believes Harris’s economic strategy would prove disastrous for America. “I’d be very concerned if Harris is elected and pursues the tax plans and other economic plans that she articulated,” he said. “I think it would result in a crash in the markets and a pretty quick recession.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hedge fund billionaire and Trump donor John Paulson says market would 'crash' under Harris tax plansJohn Paulson, a supporter of Donald Trump, said there could be a collapse in the financial markets if Kamala Harris' proposed tax plans become a reality.
Source: CNBC - 🏆 12. / 72 Read more »