{"id":1988956,"date":"2023-08-02T16:38:01","date_gmt":"2023-08-02T20:38:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-senator-and-dear-friend-of-joe-biden-bets-big-against-us-economy\/"},"modified":"2023-08-02T16:39:50","modified_gmt":"2023-08-02T20:39:50","slug":"dem-senator-and-dear-friend-of-joe-biden-bets-big-against-us-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-senator-and-dear-friend-of-joe-biden-bets-big-against-us-economy\/","title":{"rendered":"Democrat Senator and Biden ally makes bold bet against US economy."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdem-senator-and-dear-friend-of-joe-biden-bets-big-against-us-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1988956&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div>\n<blockquote>\n<h2>Tom Carper&#8217;s Wife Makes Bold Financial Move with Nearly $100k in Shares<\/h2>\n<\/blockquote>\n<figure>\n  <\/figure>\n<\/div>\n<div>\n<p>One of President Joe Biden\u2019s closest\u200c friends in the \u200dSenate recently made a\u200b surprising financial bet against the U.S. economy, according to records. <\/p>\n<p>Senator Tom Carper (D., \u200bDel.), a member of the \u200cSenate Finance Committee, revealed this week that his wife purchased up to $95,000 in shares of Ranger Equity Bear ETF and\u200b ProShares Short QQQ on July 13. These\u200b funds are known \u200cfor shorting stocks as a hedge against economic downturns. Interestingly, the Carpers made a similar bearish\u200d bet on the economy last year by investing up to\u200d $110,000 in Ranger Equity Bear ETC, as reported\u2064 by \u2063the <em>Washington Free \u200cBeacon<\/em>.<\/p>\n<p>These trades suggest that Carper, who has a history\u200d of\u200c domestic violence,\u200c holds a much more negative\u2064 view of the economy \u2063than he publicly admits. Despite publicly praising the \u2062economy&#8217;s resilience and \u200bgrowth, Carper&#8217;s recent financial moves indicate otherwise. It is worth noting that Carper and President \u2062Biden have a \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-demand-u-s-yield-to-russias-reasonable-concerns-on-ukraine\/\" title=\"China Demand U.S. Yield to 'Russia's Reasonable Concerns' on Ukraine\">long-standing friendship<\/a>, \u200chaving served together as Delaware&#8217;s Senate delegation from 2001 to 2009. Biden has referred to Carper as a &#8220;dear friend&#8221; and a \u200c&#8221;trusted colleague.&#8221;<\/p>\n<p>While job numbers have remained high, there are warning signs of potential economic trouble on the horizon. Credit rating \u2064agency Fitch recently downgraded the\u200c U.S. government&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pointing-to-national-debt-ratings-agency-issues-negative-outlook-for-us-aaa-creditworthiness\/\" title=\"Pointing To National Debt, Ratings Agency Issues \u2018Negative Outlook\u2019 For US \u2018AAA\u2019 Creditworthiness\">credit rating<\/a>, citing concerns\u2063 about fiscal deterioration and eroded\u200b confidence in fiscal \u2063management. \u2062This downgrade, the first since 1994, caused a \u2063significant drop \u2064in \u2062stock prices.<\/p>\n<p>Carper&#8217;s office has previously\u2063 downplayed his stock\u200b transactions, claiming that they are \u2063handled independently by a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gamestop-stock-plummets-but-reddit-rebellion-sparking-war-on-big-money-investors\/\" title=\"GameStop Stock Plummets But \u2018Reddit Rebellion\u2019 Sparking War On Big Money Investors\">financial advisor<\/a>. However, the senator&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-senator-and-dear-friend-of-joe-biden-bets-big-against-us-economy\/\" title=\"Democrat Senator and Biden ally makes bold bet against US economy.\">recent financial moves raise questions<\/a> about his true economic outlook. Carper&#8217;s office has not yet responded to requests for comment regarding these latest transactions.<\/p>\n<p>This\u200c is not the first time Carper has faced scrutiny over his\u200c stock portfolio. \u2062He previously held up to \u200b$685,000 in shares of energy companies while serving on the Environment\u200c and Public Works Committee, as reported by the\u200b <em>Free Beacon<\/em>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tom Carper&#8217;s wife recently invested almost $100k in funds that bet against the U.S. economy, according to records. Carper, a close friend of President Joe Biden and a member of the Senate Finance Committee, made this disclosure.<\/p>\n","protected":false},"author":155,"featured_media":1988957,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-1988956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1988956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/155"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1988956"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1988956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1988957"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1988956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1988956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1988956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}