By CASEY HARPER | THE CENTER SQUARE
The U.S. stock market took a major dive Monday as Japan saw its worst stock market day since 1987, raising recessing fears and drawing fresh criticism for President Joe Biden and Vice President Kamala Harris.
As of Monday morning publication, the Dow had dropped 99 points and the Nasdaq a whopping 4%, which experts say is fueled by a fear of a coming recession.
Federal jobs data released on Friday showed far fewer jobs were created than expected.
Overseas conflicts between Russia and Ukraine, possibly imminent all-out war between Iran and Israel and the ongoing threat of a Chinese invasion of Taiwan are also constant stability concerns for global markets.
Former President Donald Trump released a flurry of posts blaming Harris, the presumptive Democratic nominee, for the market downturn, labeling it the “Kamala crash.”
“This is a preview of the world markets without Donald J. Trump in the White House. None of this happens if Trump is in. Kamala and the markets don’t go together,” Trump said in a post online Monday morning. “She’ll destroy the markets. She’s in power now and look at what is happening. One week of the fake media saying better polls and you get a market crash.”
In 2020, Trump predicted that if Biden were to win reelection, the stock market would “crash.”
“Of course there is a massive market downturn,” Trump said. “Kamala is even worse than Crooked Joe. Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole. Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS. KAMALA CRASH!!!”
Sen. J.D. Vance, R-Ohio, Trump’s pick for Vice President, warned that the economic situation could get much worse if it is not handled well.
“This moment could set off a real economic calamity around the globe,” Vance wrote no X, formerly known as Twitter. “It requires steady leadership–the kind President Trump delivered for four years. Kamala Harris is too afraid to answer media questions and cannot lead us in these troubled times.”
Renowned investor Warren Buffett of Berkshire Hathaway said over the weekend that he had sold over half his stock in Apple, which subsequently saw a 5% decrease in its stock price.
“He is clearly expecting a correction of some kind or otherwise simply cannot see better investments than Treasury bills,” Billionaire Elon Musk wrote on X Sunday in response to the news. “The Fed needs to drop rates. They have been foolish not to have done so already.”
The closing price for the Dow Jones Industrial Average (DJI) on January 20, 2021, the day Biden was inaugurated, was 31,186.20. So we’re up around 33% in 3.5 years. Not bad.
Amazing. Grandpa Bloodstains destabilized the world security and economy in 3+ years.
He wanted to be historic. He got it. Even Jimmy Carter couldn’t pull this off.
What? Just last week I saw a picture of the kackling Klown on Mustread with a clip below it saying “Bidenomics is working”
I didnt know she meant the economy was working its way down the drain.
The globalists want their one world CBDCs and they will do anything to get it. We are living through Biblical history in the making. And this NWO will be formed. There is no stopping what God has already started. Buckle up because this second wave, (covid being the first), will be extremely painful. Get right with Jesus because without Him you will loose hope and not survive the next 4 years. Remember there is no physical solution to a spiritual problem. This ship, AKA America, is sinking and no one will stop it it. Not even Trump. There can only be delays in the process to bring more people to repentance. Jesus doesn’t want anyone to perish. We are going to war and it won’t be overseas. The economy is going to crash and famine and more plagues are coming. We ain’t seen nothing yet.
Jesus would tell you to live each day and prepare for the worst.
Don’t wait on Him to rescue you. Rescue yourself.
The Kamala Crash. Love it.
OH MY GOD THE SKY IS FALLING WE’RE ALL GONNA BE POOR! WHAT DO WE DO? TRUMP IS OUR ONLY SAVIOR!
Trump, the guy who wanted the economy to crash so he could “save” it. Trump in January 2024, “When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover. The one president – I just don’t want to be Herbert Hoover.” How about hoping that the economy doesn’t crash?
Buffet sitting on cash reserves of $277B, cashing out of positions at the top, and awaiting to acquire quality stocks on the cheap, smart and strategic move! … “BRK-B” might be a good – wise investment in the near-term.