At the World Economic Forum (WEF) 2024 in Davos, Blackstone CEO Stephen A. Schwarzman criticized the current U.S. administration, expressing concerns about the country's readiness for another four years under President Biden. Schwarzman highlighted issues such as the $2 trillion deficits, the rising debt-to-GDP ratio, open borders with the influx of 8 million undocumented immigrants. Discussions at Davos also indicated a shift in sentiment among some financial leaders, with both Schwarzman and JPMorgan Chase CEO Jamie Dimon signaling a preference for a return to Trumpism. Wall Street is reportedly starting to consider the implications of a potential second Trump term for the markets, while The Economist raised concerns about the impact of a second Trump presidency on American business and capitalism.
Wall Street is already starting to game out what a second Trump term would mean for markets https://t.co/RDMucpfUOr via @markets
If a second Trump presidency corrupted politics and businesses were seen to profit from his rule, that would ultimately be bad for capitalism in America https://t.co/JXLt2G1RPZ 👇
Wall Street is already starting to game out what a second Trump term would mean for markets https://t.co/3lsaa3Eyo5
Even the Oligarchs in Davos - like Blackstone CEO Stephen Schwarzman - start to concede that the populist nationalist pushback beckons, as citizens reject open borders and nightmarish Inflation/deficits https://t.co/LLIza3906Z
Stephen Schwarzman, Blackstone CEO Jamie Dimon, JPMorgan Chase CEO Both dumping hard on Biden at Davos & signal toward Trumpism. Might we be witnessing an Argentina situation where global bankers see a need for a wrecking ball candidate to clean up wokeness & bureaucratic bloat? https://t.co/OuZEdJdUlF
🚨WEF 2024 - BLACKSTONE CEO: BIDEN SHOULD NOT BE RE-ELECTED "We've now got $2 trillion deficits with no end in sight. We've got our debt to GDP going up. We've got open borders with 8 million people coming over. I don't know if the country is prepared for 4 more years of that."… https://t.co/177vrJ4sD6 https://t.co/fVOyDQF9CK
Good news. Bankers and Wall Street are now hinting they want Trump back. When Biden’s & Trump’s puppet masters prefer Trump over Biden, you’ll get your guy back! https://t.co/2qIWE8PfAP
Wall Street is now kissing Trump’s ass. They know. https://t.co/CaxMIviSYJ
Blackstone CEO Stephen A. Schwarzman tells the Davos crowd that the US is not prepared for four more years of Biden's $2 trillion deficits, 8 million illegals invading America, and a debt-to-GDP ratio going higher and higher. He's right. https://t.co/PNJNDnsos8
Blackstone CEO Stephen A. Schwarzman tells the Davos crowd that the US is not prepared for four more years of Biden's $2 trillion deficits, 8 million illegals invading into the country, and a debt-to-GDP ratio going higher and higher. He's right. https://t.co/MeJk40RBLG
How a second Trump term could affect American business and the economy https://t.co/DKzHjz1Wl8 👇