Billionaire predicts 'regime shift' after Trump policies prove to be 'negative for the economy'
One billionaire investor is predicting a sharp policy reversal from President Donald Trump's administration after his policies cause shock throughout the economy. CNBC reported Friday that Steve Cohen — the billionaire hedge fund manager who owns the New York Mets baseball team — is bearish on the economy in the wake of Trump's signature policies. He specifically mentioned Trump's mass deportations of undocumented immigrants, layoffs of thousands of federal workers due to budget cuts and the tariffs he imposed on goods imported from overseas. "Tariffs cannot be positive, okay? I mean, it’s a tax,” Cohen said during a talk in Miami Beach, Florida. “On top of that, we have slowing immigration, which means the labor force will not grow as rapidly as ... the last five years and so.” READ MORE: 'Not immune': Walmart confirms new tariffs will mean higher prices for customers Cohen, who is ranked by Forbes as the 39th richest person in the United States with ...