The United States stock market has endured three massive days of significant losses which former President Trump attributes to Vice President Kamala Harris in his recent social media posts.
A worldwide sell-off of American stocks shook the market on Monday because of concerns the United States will face a recession according to a recent Fox Business report. Former President Trump blames the drop in the market on Kamala Harris becoming the nominee who is “even worse” for the American economy than President Biden.
“Of course, there is a massive market downturn. Kamala is even worse than Crooked Joe. Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole,” Trump said on Truth Social. “Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS. KAMALA CRASH!!!”
Fox Business reported the Dow Jones Industrial Average dropping 1,000 points on Monday and massive declines amongst all the indexes.
Trump boasted that if reelected he would bring back “Prosperity and Peace” whereas if Harris were to be elected, Trump claimed America would see a 2024 depression. The Harris campaign has yet to respond to any of the former president posts or to respond to the major downturn in the markets.
The “Sahm Rule” is triggered when the three-month unemployment rate average rises by 0.5% or more when you compare it to the lowest three-month average within the same year. Currently the “Sahm Rule” is in force according to the Federal Reserve Bank of St. Louis.
According to Barry Sternlicht, a billionaire investor, he admitted that the policies put forth by Kamala Harris would be extremely detrimental to businesses and far more left-wing than President Biden.
“I don’t think it’s in her nature to go to the middle. She’s further left than Biden. And she has some policies that are obviously abhorrent to business,” he said. “You know, we’ll see how that plays out … And she needs to go to the center.”