Colorado Springs radio host Richard Randall landed an interview with Donald Trump Friday, and Trump took advantage of the obscure conversation to declare that the U.S. has a “phony, artificial stock market,” that will do “some very bad and very interesting things” when “interest rates go up a little bit.”
Trump has criticized the stock market in the past, but his statement here, on KVOR-740 AM in Colorado Springs, lays out his views as starkly as they’ve been expressed anywhere, as far as I can tell:
Trump: (@7:45) You know, one of the things, there are so many problems in our country that you can speak for two hours and you don’t cover the subject. The other thing that just came out, is home ownership. It’s the lowest in 58 years. Did they say 58? The lowest home ownership we’ve had, percentage-wise that we’ve had in this country in 58 years. The only thing we have is a phony, artificial stock market. So people think—But I’ll tell you what, nothing relates to the stock. Even in New York, on Wall Street and stuff, people think Wall Street. It’s a whole different world. The stock market is a phony number and it’s gotten there because nobody is paying any interest. When interest rates go up a little bit, you’ll see some very bad and very interesting things happen.