1) “Donald Trump’s first gift to the world will be another financial crisis.” Headline in the U.K. Independent. From the article: “He gives every impression that he will soon be hustling America – and possibly the entire world – in the direction of another catastrophic financial crisis.”
2) “I have no stocks. I advise people not to invest in the stock market, not now. Way too dangerous.” Filmmaker Michael Moore, August 2017.
3) “It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? We are very probably looking at a global recession, with no end in sight.” Paul Krugman of the New York Times, the day after the election.
4) “If Trump wins we should expect a big markdown in expected future earnings for a wide range of stocks – and a likely crash in the broader market.” Eric Zitzewitz, former economist with the International Monetary Fund, November 2016.
5) “Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States.” Larry Summers, former chief economist to Bill Clinton and Barack Obama, June 2016.
6) “If the unlikely event happens and Trump wins, you will see a market crash of historic proportions, I think. … The markets are terrified of him.” Steve Rattner, MSNBC economic guru, October 2016.
7) “Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House. New research suggests that financial markets strongly prefer a Hillary Clinton presidency and could react with panicked selling should Trump deliver a shocking upset on Nov. 8.” Ben White, Politico, October 2016.
And finally, and most unambiguously:
8) “A President Trump Could Destroy the World Economy” – headline of a Washington Post editorial, October 2016.
Stephen Moore, World Net Daily
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