Recession coming? Trump's policies to cause big harm to the US economy, stock market could crash during his second term, says Anthony Scaramucci

Donald Trump's big win in the US Presidential elections 2024 has brought in a big boom for some of the top stocks, termed as the 'Trump trades', but the US stock market could witness some great danger in the case Donald Trump's proposed policies are implemented when he takes over from Joe Biden as the US President, according to White House communications director, Anthony Scaramucci.

Is the US stock market crash imminent?

The US stock market is seeing a great time as of now, with the stock values currently booming, with S&P 500 recovering greatly, since its sudden dip in the month of September. However, Scaramucci is of the opinion that Trump’s policies could inflict on the economy, and bring the stock market crashing down.

What could be the reasons for a major stock market crash in the Trump regime?

Scaramucci believes that the US stock market could come crashing down sometime in the Trump administration. Mass deportations and tariffs could bring in a lot of trouble for consumer goods, which could lead to inflation levels for the US economy. He also warned that Trump’s policies could 'explode the deficit' and that stripping the Federal Reserve of its independence could lead to some major issues surrounding the local currency.

FAQs:

Is Anthony Scaramucci expecting a US stock market crash?
Anthony Scaramucci is anticipating global stock market crash in coming times, based on the record peaks they have attained over the past two years.

Is the US economy under recession?
The US economy is currently not under recession but there are possibilities that it may arrive by 2025, according to market analysts.