Trump: "The Country Is Headed For A Massive Recession; It’s A Terrible Time To Invest In Stocks"
By Tyler Durden
Donald Trump continued to streamroll over all conventional narratives when during a massive 96-minute interview with the Washington Post on Thursday
In other words, if Trump wants to win he would certainly benefit from a major drop in the S&P in the all important September to November period. That is, assuming he gets the nomination.
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Of note also was Trump’s insistence that he would be able to get rid of the nation’s more than $19 trillion national debt: “We’re not a rich country. We’re a debtor nation. We’ve got to get rid of – I talked about bubble. We’ve got to get rid of the $19 trillion in debt.” How long would that take? “Well, I would say over a period of eight years.”
This is how he says he would do it: “I’m renegotiating all of our deals, the big trade deals that we’re doing so badly on. With China, $505 billion this year in trade.” He said that economic growth he foresees as a consequence of renegotiated deals would enable the United States to pay down the debt.
But Trump’s most interesting comment had nothing to do with economics – it was his admission that everyone close to him — family, friends, Republican leaders — have been urging him to tone down his attacks and reach out to former rivals, both to reassure wary voters and to begin the difficult process of unifying a party in which many have sworn to never back him. Trump does not intend to take the advice. He said such overtures are “overrated.” “I think the first thing I have to do is win,” he said. “Winning solves a lot of problems. And I have two people left”: his two remaining Republican rivals, Sen. Ted Cruz of Texas and Ohio Gov. John Kasich.
Bob Woodward summarizes his take of the Trump interview
Source: Trump: "The Country Is Headed For A Massive Recession; It’s A Terrible Time To Invest In Stocks"
