Longtime hedge fund manager Stanley Druckenmiller says stocks would plummet if Bernie Sanders were elected president in the 2020 election.
"If Bernie Sanders became president, I think stock prices should be 30% to 40% lower than they are now," he said Friday. "The good news is we'd all be much more equal because everybody would be poorer but the rich would have lost a lot more wealth than the poor would have."President Donald Trump will lose his re-election bid
thanks to discontent in key swing states, saying the Republican president got lucky in 2016 and may not have the same good fortune this time if the Democrats run a centrist politician. "I personally think it's going to depend on the Democratic candidate, but he drew an inside straight: he won seven out of seven states by less than half a percent," Druckenmiller said. "If you go county by county in Pennsylvania, Michigan and Wisconsin, he is in deep, deep, deep trouble. And that was with the economy growing at 3%."
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