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KEY POINTS George Soros said that the U.S. economy could be headed for calamity as a result of President Donald Trump's efforts to juice American business.

"The stock market, already celebrating Trump's military success, is breaking out to reach new heights," he said. "But an overheated economy can't be kept boiling for too long."

The longtime investor's comment came on the heels of fresh record highs in the U.S. stock market and amid the longest bull market in American history.

George Soros, billionaire founder of Soros Fund Management LLC, at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020. Simon Dawson | Bloomberg | Getty Images

Liberal billionaire George Soros said Thursday that the U.S. economy could be headed for calamity as a result of President Donald Trump's efforts to juice American business and stock prices ahead of the 2020 election. "Trump's economic team has managed to overheat an already buoyant economy," Soros warned his guests at an informal dinner at the World Economic Forum in Davos, Switzerland. "The stock market, already celebrating Trump's military success, is breaking out to reach new heights," he said. "But an overheated economy can't be kept boiling for too long. If all this had happened closer to the elections, it would have assured his reelection." "His problem is that the elections are still 10 months away, and in a revolutionary situation, that is a lifetime," Soros said. Soros, an 89-year-old Democratic megadonor whose net worth peaks at more than $8 billion, delivered the remarks at the dinner held during the forum, an annual conference set in the Swiss Alps and known for featuring elite business and political leaders.