The boss of Blackstone, the world’s largest alternative asset manager, has expressed his doubts about the US economy if President Joe Biden wins the US re-election this year. Stephen Schwarzman made the remarks after he was asked what he thought would happen to the economy if Biden was elected for a second term. Speaking to Bloomberg, he said: “We’ve now got $2trillion deficits with no end in sight. “We’ve got our debt-to-GDP [ratio] going up. We’ve got open borders with eight million people coming over. “I don’t know that the country, frankly, is prepared for four more years of that.” The US …
