Joe Biden’s economy is tanking.
US stocks dropped another 600 points on Monday morning.
US stocks plunged into bear market territory Monday morning as Wall Street investors grew increasingly nervous about the prospect of even more harsh medicine from the Fed to take the sting out of inflation.
The Dow (INDU) sank 600 points, or 2.1%, and the Nasdaq fell 2.9%.
The broader S&P 500 fell 2.4%. That index is now more than 20% below its all-time high set in January, putting stocks in bear-market territory.
Trump reacted to this on Truth Social:
The Stock Market(s) are literally crashing. There was no reason for this, all self inflicted!
The DOW is now lower than when Biden took office – the DOW was 31,188.38 when Biden took office. (H/T Gateway Pundit)
Many economists are beginning to speak of a coming recession.
Joe Biden’s economic agenda is simply failing.
Nearly 70% of leading economists that were polled by the Financial Times expect a recession next year.
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