In a revealing interview, Trump predicts a ‘massive recession’ but intends to eliminate the national debt in 8 years – The Washington Post

The New York billionaire dismissed concern that his comments — which are exceedingly unusual, if not unprecedented, for a major party front-runner — could potentially affect financial markets.

 

“I know the people probably better than anybody knows them,” said Trump, who has misfired on such predictions in the past. “I don’t need them.”

 

Trump’s go-it-alone instincts were a consistent refrain — “I’m the Lone Ranger,” he said at one point — during a 96-minute Thursday in which he talked candidly about his aggressive style of campaigning and offered new details about what he would do as president.

 

The real estate mogul, top aides and his son Don Jr. gathered over lunch at a makeshift conference table set amid construction debris at Trump’s soon-to-be-finished hotel five blocks from the White House. Just before, he had met there with his foreign-policy advisers and just after he visited officials at the Republican National Committee — signs that, in spite of his Trump-knows-best manner, the political novice is making efforts to build a more well-rounded bid.

 

Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market, embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts.

 

 

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