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华尔街“空神”:如果哈里斯当选,将持有黄金和现金

Wall Street's "short god": If Harris is elected, he will hold gold and cash.

Golden10 Data ·  Sep 18 13:32

Source: Jin10 Data
Author: Xiaoyanyan

During the financial crisis, the Wall Street 'God of the Void' Paulson warned that Harris's economic policies would cause investors to panic and lead to the collapse of american financial. If she wins, he will withdraw his money from the market.

Hedge fund billionaire and Trump's main fundraiser John Paulson said on Tuesday that if U.S. Vice President Harris wins this fall's presidential election, he will withdraw funds from the market, saying that Harris's economic policies will cause investors to panic.

The founder of Paulson & Co., who profited greatly from shorting the U.S. subprime mortgage crisis in 2008, is known as the "Wall Street Bear King" and the "first person in hedge funds". He participated in a program on Fox Business Channel, where the host asked him what the next similar big bet would be.

Paulson replied, "Well, I think it largely depends on who takes the White House and who controls Congress. If Harris is elected and implements the tax plan and other economic plans she outlined, I would be very worried."

In an interview, Paulson said that the economic plans of former President Trump and Harris are vastly different. He pointed out that Trump hopes to extend the 2017 tax cuts implemented during his tenure, while Harris wants these policies to expire.

He also noted that Harris has proposed raising the corporate tax rate from 21% to 28%, and hopes to increase the capital gains tax rate from 20% to 28%.

The billionaire pointed out that Harris proposed a 25% unrealized capital gains tax on individuals with income above $100 million. He predicted that if implemented, "almost everything, including stocks, bonds, houses, and artworks, would be heavily sold off. I believe this would lead to a market collapse and an immediate and fairly rapid recession."

Host Liz Claman pointed out that some people have also expressed concerns about the policies of previous presidents (i.e. Obama, Trump, and Biden) and withdrawn funds from the market after their election. This turned out to be a major mistake as the market continued to perform well. Claman asked if he was prepared to take this risk.

Paulson said, "It depends on the policies. If Harris is elected, I would withdraw funds from the market. I would embrace cash and buy gold because I believe the uncertainty outlined in their plan would bring a lot of uncertainty to the market and likely lead to a market downturn."

In response to Claman's follow-up question, Paulson reiterated that if Harris wins the presidency, he will sell his holdings of liquid stocks.

Editor/Jeffy

The translation is provided by third-party software.


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