2024-09-25 07:31
IndustryBillionaire investor John Paulson to ‘go into cash
As the 2024 Presidential election in the U.S. draws near and the debate rages about which candidate will be better for financial markets, one billionaire investor has warned about the negative effect a Harris administration would have on asset prices and threatened to pull his funds from the market if she becomes the next president.
“It depends on the policy; if Harris is elected, I would pull my money from the market,” said billionaire hedge fund manager John Paulson during a Tuesday appearance on Fox Business’ ‘The Claman Countdown.’
“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,” Paulson added.
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Billionaire investor John Paulson to ‘go into cash
| 2024-09-25 07:31
As the 2024 Presidential election in the U.S. draws near and the debate rages about which candidate will be better for financial markets, one billionaire investor has warned about the negative effect a Harris administration would have on asset prices and threatened to pull his funds from the market if she becomes the next president.
“It depends on the policy; if Harris is elected, I would pull my money from the market,” said billionaire hedge fund manager John Paulson during a Tuesday appearance on Fox Business’ ‘The Claman Countdown.’
“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,” Paulson added.
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