Hedge Funds Plan Capital Withdrawal if Kamala Harris Wins

by Giorgi Kostiuk

a year ago

Impact of Harris' Economic Policies
State of the American Middle Class
Investors' Predictions and Opinions

Amid rising economic concerns, investors are worried about Kamala Harris winning the presidential election. Hedge funds and billionaires have expressed their intentions to withdraw capital from the US markets should she win.

Impact of Harris' Economic Policies

Renowned billionaire and hedge fund manager John Paulson has expressed concerns about Kamala Harris's proposed economic policies. He believes that her plans could lead to a significant market downturn. Paulson is particularly worried about the proposed 25% tax on unrealized gains, which he argues would lead to mass selling of assets and a major market decline.

If Harris was elected, I would pull my money from the market. I’d go into cash, and I’d go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.John Paulson

State of the American Middle Class

Paulson also mentioned that the outcome of the election will significantly impact the US economy, especially the middle class. He argues that Donald Trump's policies are more favorable for the middle class compared to Harris's plans. Economic hardships caused by inflation are already seriously affecting the average American's expenses, such as rent and food.

I think the middle class is key for this election. And who’s gonna do better for the middle class. When you look at the facts, the Trump policy had come out better for the average American.John Paulson

Investors' Predictions and Opinions

In response to these economic concerns, billionaires Warren Buffett and Elon Musk have also expressed their worries. Buffett has started selling his stocks and accumulating cash, while Musk believes that Harris's victory would lead to economic instability and even 'tyranny.' Musk predicts worsening conditions in the US if Harris becomes president.

Investors' concerns about Kamala Harris's potential victory raise serious questions about the future of the American economy. Amid political and economic uncertainty, hedge funds and billionaires are preparing for potential market upheavals.

Other news

XRP Rich List Updated: How Much You Need to Join Top 1 Holders

XRP Rich List updated reveals that to be in the top 1% of holders, one must possess at least 50,637 XRP, highlighting the disparity in ownership among retail investors.