This morning, the Dow Jones Industrial Average opened the week by plummeting 1,089 points minutes after the opening bell and Republican presidential frontrunner Donald Trump was quick to offer his assessment of the so-called “Black Monday” sell-off.
Trump took to social media to deliver his analysis that “poor planning” was to blame for the global impact of China’s continued economic woes, specifically citing the United States’ and China’s economic interdependency:
As I have long stated, we are so tied in with China and Asia that their markets are now taking the U.S. market down. Get smart U.S.A.
— Donald J. Trump (@realDonaldTrump) August 24, 2015
Markets are crashing – all caused by poor planning and allowing China and Asia to dictate the agenda. This could get very messy! Vote Trump.
— Donald J. Trump (@realDonaldTrump) August 24, 2015
"@ZephyrusMatrix: Will you finally get respect for predicting U.S. concerns even weeks before disaster strikes.The country needs a visionary
— Donald J. Trump (@realDonaldTrump) August 24, 2015
Trump, an international real-estate mogul, warned his Instagram followers to “be careful of China,” seemingly predicting an economic depression:
Earlier in the morning, Trump appeared on Fox News’ “Fox & Friends” where he attempted to bolster his credibility as an expert on global markets and the Chinese economy:
I’ve been talking about China for years. Because China’s going bad, it’s going to bring us down too, because we’re so heavily coupled with China. We are being run by people that don’t have a clue, they don’t know what they’re doing, they’re totally incompetent. We’ve got to stop.
