Reported 13 days ago
Hedge fund manager John Paulson has raised alarms in the financial world by stating he would withdraw his investments from U.S. markets if Vice President Kamala Harris wins the 2024 election. Paulson's concerns stem from the uncertainty surrounding Harris's proposed economic policies, which he believes could lead to significant market disruptions. He highlights that if a tax on unrealized gains is implemented, it could trigger massive sell-offs and quickly push the economy into a recession. Despite Harris's plans to support the middle class through tax cuts and healthcare reforms, Paulson warns that the upcoming election plays a crucial role in shaping the economic landscape.
Source: YAHOO