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A Democratic senator who publicly claims the economy is “moving in the right direction” under President Joe Biden placed a bet against the U.S. economy last month, according to Senate financial disclosures.
Sen. Tom Carper (D., Del.), who once punched his former wife in the face hard enough to give her a black eye , disclosed this week a purchase of up to $110,000 in shares of Ranger Equity Bear ETF, a fund that shorts stocks on the expectation that the market will decline. Investors often use short funds as a hedge against economic downturns.
The trades suggest Carper is far more bearish on the economy than he lets on in public. In July, Carper credited Biden with moving the economy “in the right direction.” On Oct. 7, he claimed the president’s “leadership” was to thank for a “huge” increase in jobs. Carper and his second wife purchased shares of the […]
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