Democratic presidential candidate Sen. Bernie Sanders (D-VT) speaks during a campaign event at NOAH’s Events Venue on December 30, 2019 in West Des Moines, Iowa.
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J.P. Morgan’s private bank, which manages $2.2 trillion for wealthy clients, said a presidential victory from a radical leftist candidate is among the biggest threats to their money in 2020.
The firm also warned about a possible inflation scare in its annual outlook report to clients.
With left-winged Democratic presidential candidates like Sen. Elizabeth Warren and Sen. Bernie Sanders as front-runners in the national primary polls, J.P. Morgan sees a ban on stock buybacks, increased corporate tax rates,…
Source cnbc.com