Billionaire predicts 'regime shift' after Trump policies prove 'negative for the economy'
Raw StoryOne billionaire investor is predicting a sharp policy reversal from President Donald Trump's administration after his policies caused shock throughout the economy. CNBC reported Friday that Steve Cohen — the billionaire hedge fund manager who owns the New York Mets baseball team — is bearish on the economy in the wake of Trump's signature policies. the last five years and so.” Cohen, who is ranked by Forbes as the 39th richest person in the United States with a net worth of $21.3 billion, predicted that GDP growth would slow from Trump's policies by anywhere from 1.5% to 2.5% in the latter half of 2025. Additionally, the University of Michigan's consumer sentiment index — which marks how American consumers feel about the economy — hit its lowest point in roughly a year.
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Billionaire predicts 'regime shift' after Trump policies prove 'negative for the economy'
Raw Story
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The Independent
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