Belyicy Investor Steve Cohen doubles his negative view of the US economy due to a backdrop of torn tariffs, immigration crackown in the called Department of Government of Government of Government of Government of Government of Government of Government of Government of Government of Government’s Government Ceptement.
The Chairman and CEO of Hedge Fund Poop72 said he turned Bearish for the first time at a time after the President Donald TrumpThe aggressive trade policy makes him worried about inflationary pressures of pressure and reducing consumer spending. Meanwhile, his hard immigration stand can mean a forced supply of work, he said.
“The tariffs don’t be positive, okay? I mean, it’s a tax,” Cohen said Friday at the FII Beach, Florida. “On top of that, we have a slow immigration, which means that the strength of the labor is not as strong as … last five years and more.”
Prominent Hedge fund funds targeted by a harbor of tasks cut at the cost of the DOGE led to Elon Musksaid they can only hurt the economy. Musk says his purpose is Cut the federal spending by $ 2 trillion.
“If the money changes the economy for many years, and now, it can be reduced or ceased in many ways, needed negativity for the economy,” Cohen said.
Cohen believes a stock market pullback can be given an uncertain macroeconomic environment. He saw the US economy’s economic growth that had slowed up to 1.5% from 2.5% in the second half of the year.
“I think we see the regime’s change. One year can last, but surely a time when I think the best gains got and not surprised at me to see the An important correction, “Cheen said. “I don’t think it’s a danger.”
