Recent revelations surrounding United States Senator from Delaware Tom Carper have stirred controversy. Carper, a senior member of the Senate Finance Committee, is betting against the health and well-being of the US economy.

The integrity of Senator Carper’s trading decisions has come under scrutiny, leaving many concerned about the American financial system.

US Senator Bets Against the US Economy

In a startling disclosure, Senator Carper revealed a $30,000 buy into the inverse exchange-traded fund (ETF) ProShares Short QQQ (PSQ). This ETF aims to achieve daily investment outcomes that mirror the opposite of the Nasdaq-100 index’s daily results.

Carper’s investment is essentially a gamble against the market, with Carper hoping for a downturn. Likewise, records show that his wife, Martha Ann Stacy, purchased up to $95,000 shares of Ranger Equity Bear (HDGE) ETF and PSQ last month.

These funds are also designed to profit when stocks decline, effectively hedging against economic downturns.

Read more: How To Prepare for a Recession: 11 Quick Tips

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Author: Bary Rahma

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