Hedge Fund Manager Threatens to Blow Up Market if Harris is Elected

Imagine what would happen if a major fund was yanked from the markets, and what kind of havoc that would cause.

Well, that could be the case if Harris is elected, as billionaire hedge fund manager John Paulson is threatening to pull all his investments if Harris wins.

Paulson also happens to be a major Trump donor and fundraiser.

Take It Out

Paulson believes that Harris’ policies would spook investors, and he does not want to be part of that.

If you recall, Paulson was one of a handful of investors that bet against the subprime mortgage in 2007 when the housing market collapsed.

When he was asked about the next big bubble that would pop, he responded, "Well, I would say it very much depends on who's in the White House and who controls Congress.

"I'd be very concerned if Harris is elected and pursues the tax plans and other economic plans that she articulated."

If Trump is elected, he will extend the tax cuts that were put in place right after he took office, but Harris wants them all to expire.

Harris has also stated that she would like to tax unrealized gains, which would be an absolute nightmare and crush the market, not to mention investors.

She also wants to significantly raise the corporate tax rate as well as realized capital gains tax rate.

If Harris were to enact an unrealized gains tax, everyone who would qualify for that tax would immediately withdraw their money before the law went into effect, and you are talking about the largest investors in the world.

Paulson said such a move “would cause mass selling of almost everything – stocks, bonds, homes, art – I think it would result in a crash in the markets and an immediate, pretty quick recession."

Then Paulson dropped the bombshell, stating, "It depends on the policy.

"I think 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."

Investors in this bracket play follow the leaders, so you better believe there would be billions more coming out of the market, absolutely crushing the little guy.

Sticking that money under the mattress is looking better and better these days.