Paul Tudor Jones Says Trump Tax Cut May Cause Debt Bubble to Pop
- Jones says stocks, bonds, credit, real estate all overvalued
- If the Fed pauses in rate increases, stocks could rise
This article is for subscribers only.
The hike in interest rates triggered by faster growth from U.S. tax cuts may cause the bubble in credit to pop, billionaire hedge fund manager Paul Tudor Jones said.
“We’re going to stress test our whole corporate credit market for the first time,” Jones said Thursday at the Greenwich Economic Forum in Greenwich, Connecticut. “From a markets perspective, it’s going to be interesting. There probably will be some really scary moments in corporate credit.”