Trump Says He Doesn’t See Possibility of Recession, Not Concerned With Market Selloff

Contact Your Elected Officials
The Epoch Times Header

The president is confident that his actions will result in future prosperity for the nation.

President Donald Trump on March 11 rejected the notion that a recession could be on the horizon.

“I don’t see it at all,” Trump said outside the South Portico of the White House flanked by new Tesla vehicles and special government employee Elon Musk. “I think this country is going to boom. I think we’re going to have the greatest markets we’ve ever had.”

After stock markets were rattled by comments he made over the weekend where he didn’t exclude the possibility of a recession, he said in his latest comments that the recent volatility reflects an economic overhaul currently underway and is no cause for concern.

“The markets are going to go up and they’re going to go down but what we really have to do is rebuild our country,” Trump said.

“We’re the biggest and the best, and I’m very optimistic we’re going to make our country wealthy again, and we’re going to bring the jobs back.”

Over the past month, the Dow Jones Industrial Average is down more than 7 percent, the Standard & Poor 500 declined more than 8 percent, and the Nasdaq fell more than 11 percent. Approximately $4 trillion in market value was erased over the same timeframe.

Markets have followed Trump’s remarks repeatedly over the past weeks, with investors looking for signs about how trade policies and tariffs could impact equities. Seesawing foreign policy negotiations punctuated by on again, off again tariff threats with Mexico and Canada have left finance experts without clear direction.

Apple, Microsoft, and Tesla, among a host of other companies, saw their stock prices hammered in recent days.

Cryptocurrencies were also slammed over the past month, with Bitcoin falling nearly 16 percent and Ethereum dropping more than 28 percent.

Rumors of an incoming recession persist but Trump is confident a turnaround is imminent.

“Long-term, what I’m doing is making our country strong again.”

The president said the decline in market value is a result of former President Joe Biden’s policies.

By Travis Gillmore

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Lay Democrats to Waste, Post Truths in Cut and Paste!

Senator John Kennedy (R-LA) humorously stated, “Our secret plan for dealing with the Democrats is called, ‘Operation: Let them speak.’”

Congress doesn’t Care What the Average Person Thinks

In researching voting rights issues, a study provides a foundation for the statement “government officials don’t care what people like them think.”

Domestic Terrorists Rain Adult Toys on WNBA Courts in Multiple Aerial Assaults

In what might be described as the worst terrorist attack on American soil since 9/11, multiple WNBA courts have been pelted with brutal flying missiles.

Democrats Are In Disastrous Shape As Midterms Loom

According to CNN's Harry Enten, “The Democratic brand is in the basement. It is total and complete garbage in the mind of the American public.”

A Primer on Conservatism

Conservatism is based on the maintenance and preservation of economic and governmental liberty of the individual citizen to choose what is best for their interests.

Google to Limit Use of AI Data Center Power During Grid Peaks

Global tech giant Google has just signed agreements with utility firms I&M and the TVA to reduce power use at its AI data centers when demand surges.

Lay Democrats to Waste, Post Truths in Cut and Paste!

Senator John Kennedy (R-LA) humorously stated, “Our secret plan for dealing with the Democrats is called, ‘Operation: Let them speak.’”

Data Centers, AI Infrastructure to Boost Electricity Sales by 175 Percent

Driven by new data centers and AI infrastructure, retail electricity sales to consumers in US are expected to grow at an annual rate of 2.2% in 2025 and 2026.

US Sanctions 5 Foreign Entities for Allegedly Aiding Iranian Military Drone Program

Treasury Dept sanctioned entities and individual based in Iran, China, Taiwan, and HK for aiding Iran’s military aircraft and drone company to procure tech.

Trump Vows to ‘Substantially Raise Tariff’ on India Over Russian Oil Imports

Trump said he would “substantially” raise tariffs on goods from India, citing country’s continued purchase of Russian oil despite his demand that it stop.

European Union Suspends US Tariff Countermeasures for 6 Months

The EU will suspend its two packages of countermeasures to U.S. tariffs for six months, a European Commission spokesman said on Monday.

Trump Says Americans Could Get Dividends From Tariff Revenues

President Donald Trump suggested on Sunday that his administration could distribute dividends from tariff revenues to Americans with certain income levels.

Tariff Rates ‘Pretty Much Set,’ Says US Trade Representative

President Trump’s trade representative, Jamieson Greer, said that Americans should expect the administration’s tariff levels to remain where they are.
spot_img

Related Articles