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Carlyle Group co-founder David Rubenstein discusses 2024 election market implications with Yahoo Finance’s Julie Hyman and Brian Sozzi at the World Economic Forum in Davos, Switzerland .
Rubenstein points out that economies tend to perform better when governments are divided. He argues that whether they admit it or not, many CEOs will be happy with Donald Trump taking office because he will cut taxes and regulations. Another Biden term is likely to bring even more regulation, but regardless of leadership, “businessmen are good at adapting. If you tell them what the rules are, They’re going to try to figure out how to deal with it.”
Regarding the possibility of Trump returning to the presidency, Rubenstein said that if policymaking is stalled due to partisan deadlock, Trump’s return could mean that capital markets will once again “move beyond dysfunction.” I was warned that it was sexual. However, he stressed that it is still “too early” to predict the outcome of the election with any certainty.
This interview is part of Yahoo Finance’s exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team speaks with top decision makers and experts on the world’s most pressing issues and priorities. We speak with outstanding leaders in business, finance, and politics. next year.
Watch the full episode of Yahoo Finance Live here.
Editor’s note: This article was written by angel smith
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