Washington Post: In a revealing interview, Trump predicts a ‘massive recession’ but intends to eliminate the national debt in 8 years
Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market, embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts.
The New York billionaire dismissed concern that his comments — which are exceedingly unusual, if not unprecedented, for a major party front-runner — could potentially affect financial markets.
“I know the Wall Street people probably better than anybody knows them,” said Trump, who has misfired on such predictions in the past. “I don’t need them.”
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WNU Editor: He is right to be concerned on where is the economy heading. He is also right that the U.S. should try to renegotiate economic/trade/military deals with other countries. Where he is wrong is his belief that as President he can accomplish this alone. Bottom line .... it is Congress that holds the power to write and past laws that impact the economy/trade/military treaties/alliances .... and I am predicting right now that they will not follow a President Trump.