Donald Trump, who predicted in a 2020 debate that stock markets would crash under President Joe Biden, griped Sunday that stock markets reaching record highs were just making "rich people richer." The Dow Jones Industrial Average rose to a record high last week, hitting 37,000 and surpassing the previous record set in 2022. The former president often patted himself on the back for a bustling stock market during his time in office between 2017 and 2021.
"The stock market is making rich people richer," Trump said, per Reuters, to a crowd of supporters in Reno, Nevada, in an effort to put an anti-Biden, populist spin on the new record stock market value. "Biden's inflation catastrophe is demolishing your savings and ravaging your dreams," the GOP nomination frontrunner added, changing the subject to high prices — a hallmark of Biden's term thus far — to take a jab at his likely opponent in the 2024 contest. Despite a recent increase in wages, a decrease in inflation and low unemployment, Trump went on: "We are a nation whose economy is collapsing into a cesspool."
