"Several prominent money managers have warned that a victory by Mr. Sanders or his ideological ally, Senator Elizabeth Warren, would bring a decline of between 25% and 40% in the value of American stocks. That would destroy trillions of dollars in wealth of American households."
"The resulting negative effect on everything from tax revenues to employment would affect even families without much saved in the stock market, and, ironically, could make Mr. Sanders’ agenda of government expansion much harder to achieve."
“If Bernie Sanders becomes president, I think stock prices should be 30% to 40% lower than they are now,” Stanley Druckenmiller told CNBC last year. Forbes says Druckenmiller has about $4.7 billion accumulated through a lifetime of managing money. It’s worth paying attention to his warning."
Of course, economic gurus have no lock on the truth. Paul Krugman - economic guru to the Left - predicted that a Trump election win in 2016 would crash the stock markets.
Seriously. He actually said that. And he continues to write "quite authoritatively' for the NYT.
If I had any thoughts of voting for any democrat - and I don't - this alone would convince me otherwise.
"The resulting negative effect on everything from tax revenues to employment would affect even families without much saved in the stock market, and, ironically, could make Mr. Sanders’ agenda of government expansion much harder to achieve."
“If Bernie Sanders becomes president, I think stock prices should be 30% to 40% lower than they are now,” Stanley Druckenmiller told CNBC last year. Forbes says Druckenmiller has about $4.7 billion accumulated through a lifetime of managing money. It’s worth paying attention to his warning."
Of course, economic gurus have no lock on the truth. Paul Krugman - economic guru to the Left - predicted that a Trump election win in 2016 would crash the stock markets.
Seriously. He actually said that. And he continues to write "quite authoritatively' for the NYT.
If I had any thoughts of voting for any democrat - and I don't - this alone would convince me otherwise.
