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Markets Are Crashing, and Trump Probably Loves It; Here’s Why He Prefers ‘Bad Economies’
In the midst of a tumultuous global market situation, where cryptocurrency prices have plummeted by staggering margins, it is essential to understand President Donald Trump’s stance on economic downturns. Recent events have stirred concerns that his actions might be fueled by personal financial gain rather than any genuine interest in bolstering the economy.
As seen in a candid admission from 2012, during an interview for The Men Who Built America History Channel mini-series, Trump openly expressed his affinity for “bad economies.” He stated, “I find that I do better in bad markets. I buy things in bad markets, and you can’t do that in a great economy. You either buy it very expensively or not be able to buy it at all. So there’s a lot of opportunity I find in the bad times.”
This statement has reignited concerns about Trump’s economic policies, with some critics questioning his motives behind introducing aggressive tariffs and other measures that are likely to cause market volatility. While supporters argue that these moves aim to strengthen the economy long-term, others believe they might be driven by a desire to exploit market instability for personal gain.
Trump’s words have been echoed in recent events, as global markets plummeted following the reintroduction of “Liberation Day” tariffs. These tariffs have sent shockwaves through global markets, causing widespread sell-offs and unprecedented volatility. The situation has left investors on edge, fearing a potential full-blown market crash.
Notably, Trump downplayed the crisis by stating, “I don’t want global markets to fall, but sometimes you have to take medicine to fix something.” However, this statement seems incongruous with his historical affinity for economic downturns.
Source: https://coinpedia.org/news/markets-are-crashing-and-trump-probably-loves-it-heres-why-he-prefers-bad-economies/
