President Donald Trump, as he prepares for the official start of his 2020 campaign, warned that the United States will face an epic stock market crash if he is not re-elected.
This is what will happen «if someone but me takes over,» Trump told his 61 million Twitter followers Saturday, «there will be a Market Crash that hasn’t been seen before!»
The representative officially begins his campaign in 2020 on Tuesday with a rally in Orlando, Florida, and appears to be testing some of the topics he will address over the next 18 months, including fear of a market crisis. «Tuesday will be a big crowd and a big day,» he said in another tweet.
It should be noted that the U.S. stock market would be between 5,000 and 10,000 more points if the Fed had not raised interest rates four times in 2018.
Trump also posted in February that he «won the opposition party» in 2016, «the stock market would be down at least 10,000 points by now,» a claim that cannot be proved. And in January, he suggested that if you «want to see a stock market crash, Impeach Trump.»
«If the opposition party (no, not the media) had won the election, the stock market would have already lost at least 10,000 points. We’re going up, going up, going up,» he said.
The S&P 500 benchmark hit a record in early May before slipping into Trump’s escalating trade war with China. The narrowest DJIA, whom Trump refers to, reached its highest point more than eight months ago, on October 3.