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Paul Tudor Jones Is Being Totally Objective When He Says Elizabeth Warren Will Crash The Stock Market
Paul Tudor Jones, billionaire, is absolutely positive that 25% of your S&P index fund will go up in smoke if Elizabeth Warren is elected president.
That is an objective assessment, based on careful calculations around how all of the dozens of policy proposals she's put forward would interact with one another to affect financial conditions, the economy and investor sentiment.
I'm just kidding. Nobody knows what that figure is based on, but according to Bloomberg's account of what Jones said
Right, because cancelling student debt wouldn’t lead to a missive increase in consumption.
I take a long view of this. The #1 threat to capitalists and capitalism – not just in the US but elsewhere – is enraged and indiscriminate populism. That is driven by blatant and soaring economic inequality.
If we don’t make this country a better place for the lowest income, roll back the extreme self-dealing of the largest corporations and ultra-wealthy, and flatten out economic disparities, then that will be done anyway, in a disorderly and violent fashion, at the cost of our democracy and our economic system. The French Revolution, the rise of facism, these are all warnings.
Would the 1% prefer to temporarily lose 25% of their equity wealth or 100% of their heads?
Would it be such a disaster to take economic inequality and wealth concentration back to the levels of, say the 1950s?
The stock market does not dictate what’s good or bad… So yes, financial wealth might go down Warren gets elected, but that does not make her a fool…
Lmao right they’ll boost 18% under Trump. Is that because the USD tanks by at least that much Paul?