Official GDP data from the US Bureau of Economic Analysis (BEA) or announcements from the National Bureau of Economic Research (NBER)

Trump Blames Kamala Harris for $2 Trillion Stock Market Crash, Warns of Great Depression

Aug 5, 2024, 01:57 PM

Former President Donald Trump has criticized Kamala Harris, the presumed Democratic nominee for the 2024 presidential election, for the recent significant downturn in the US stock market. Trump refers to the market collapse as the 'Kamala Crash,' asserting that Harris's policies are to blame for the economic turmoil. The market saw a dramatic decline, with nearly $2 trillion wiped out within the first 15 minutes of trading. Trump has contrasted this situation with his own economic policies, claiming that a Trump administration would bring about economic prosperity. The Dow Jones Industrial Average futures dropped over 1,000 points, and the NASDAQ fell more than 800 points, reflecting widespread investor concern. Trump's statements emphasize a stark choice for voters between what he describes as 'Trump Prosperity' and the 'Kamala Crash,' warning of a potential 'Great Depression' and noting that global markets have also been impacted.