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PALM BEACH, Florida — Former President Donald Trump instructed Breitbart Information solely on Thursday night that if he doesn’t win the 2024 presidential election, he expects the nation’s economic system will spiral right into a “melancholy” just like the 1929 “Nice Melancholy.”
Trump, who sat with Breitbart Information for greater than two hours on Thursday night at his Mar-a-Lago resort, additionally mentioned through the interview that latest inventory market positive factors are taking place as a result of the polls present him main Democrat President Joe Biden considerably and that individuals are betting on a Trump victory in November.
“I feel if I don’t win, we’re going to have a melancholy like 1929,” Trump instructed Breitbart Information. “I feel the explanation the inventory market is up is as a result of in case you have a look at the polls, individuals say I’m going to win. Biden is getting fortunate in that regard. I had an exceptional inventory market. Every thing was good about our economic system. We had no inflation.”
Trump is right that the inventory market is booming proper now. Based on CNBC, on Friday — the final buying and selling day of 2023 — the market closed out the yr by climbing for the ninth straight week, ending the month, quarter, and yr with positive factors.
“Shares fell barely on Friday, however the S&P 500 closed out 2023 with a stunning acquire of 24% as inflation slowed, the economic system remained robust, and the Federal Reserve signaled an finish to its rate-hiking marketing campaign,” CNBC’s Samantha Subin wrote, persevering with:
The S&P 500 rose for 9 straight weeks to finish the yr, its greatest win streak since 2004. Massive Tech shares lifted the Nasdaq Composite to its greatest yr since 2020 on AI enthusiasm. The broad index fell 0.28% to settle at 4,769.83, with a 24.2% acquire for the yr. The S&P 500 ends 2023 simply in need of a brand new all-time excessive. At one level on Friday, it climbed inside 9 factors, or lower than 0.2%, from its document shut of 4,796.56 attained in January 2022.
Trump instructed Breitbart Information that whereas inflation has cooled considerably in latest months, he thinks that it has executed so as a result of the broader economic system is in hassle — and that the roles numbers are “pretend” as a result of he mentioned thousands and thousands of individuals are sitting on the sidelines not even searching for jobs.
“The inflation has eaten up any positive factors,” Trump mentioned. “The inflation is so rampant. The inflation has calmed down just a little bit now, however that’s as a result of the economic system is just not good. The roles numbers are pretend as a result of thousands and thousands of individuals are not searching for jobs.”
Trump’s feedback got here throughout a bit of the interview when Breitbart Information requested him why he thinks many within the institution media are aggressively attacking him as an “authoritarian,” with some even going as far as to ludicrously evaluate him to the German dictator Adolf Hitler. Requested why he thinks they’re doing that, Trump mentioned it’s “as a result of they don’t have anything else.”
“They don’t have anything to marketing campaign on,” Trump mentioned of the Democrats pushing the authoritarian claims into the media. “The nation is a catastrophe. Inflation has eaten up every thing. There’s a brand new narrative; I’m telling you the explanation the inventory market is up is simply as a result of individuals assume I’m going to win the election. That’s popping out massive proper now. They’re saying the inventory market is up as a result of individuals assume I’m going to win the election. That’s taking place by so much.”
For the reason that interview with Breitbart Information, Trump has pushed an analogous message predicting a “Nice Melancholy” if he doesn’t win in November 2024 on Reality Social to his thousands and thousands of followers there:
Current polling from Morning Seek the advice of confirmed a majority of American voters — 50 p.c — view Trump because the extra trusted candidate between him and Biden to deal with the economic system. Biden clocks in at simply 32 p.c, 18 factors worse than Trump.
Way more from Trump’s newest unique interview with Breitbart Information is forthcoming.
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