Massive regulation. Huge tax increases. Wealth redistribution. What could go wrong?
According to the Washington Examiner:
Dozens of business experts believe the economy will falter after President-elect Joe Biden assumes office.
In a survey conducted by CNBC, more than 100 chief investment officers, portfolio managers, and CNBC contributors were asked if the Biden administration would benefit the stock market more than the Trump administration. Two-thirds of those surveyed said that they expected stocks to take a tumble.
The expected economic downturn follows years of record-setting growth. President Trump recently praised the Dow Jones Industrial Average’s milestone high of 30,000 in a surprise press conference at the White House.