Trump blames Harris, Biden for stock market meltdown after taking credit for past upswing

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Donald Trump in January said the stock market reached record highs because investors thought he would win against President Joe Biden.

Republican presidential nominee Donald Trump used the stock market plunge to attack Vice President Kamala Harris, the de facto Democratic nominee.Moody's Chief Economist Mark Zandi said Trump's flip-flop reflects the political danger of tying a candidate's victories to something as volatile as the stock market."Of course there is a massive market downturn.

Hezbollah says it launched a drone attack on northern Israel as fears rise of a regional war. Here's the latest"Throughout history, I think politicians have avoided trying to peg their fortunes to the stock market as a signal of their policies or anything because the market goes up and down all around," Zandi said.

Trump, as a result, tried to spin Monday's market wreck and the consequent recessionary panic into a broader case against Harris' economic record. "The stock market, based on my experience, could end up green by the end of the day," Zandi said, noting that the market is still up for the year.The Harris campaign, when asked for comment on Trump's posts, pointed to a campaign speech the vice president gave last week in Atlanta.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 270. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines