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8/15, 6:57 PM (Source: TeleTrader)
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Trump: Fake news media trying to crash economy

United States President Donald Trump blamed major media outlets in the US, referring to them as "fake news media," of trying to cause a crash in the markets to make it more difficult for him to win the 2020 presidential election.

Trump wrote: "The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election. The problem they have is that the economy is way too strong and we will soon be winning big on Trade, and everyone knows that, including China!"

On Wednesday, Trump's Commerce Secretary Wilbur Ross downplayed media reports which said that the inversion in the 2-year and 10-year Treasuries curve is a sign of an upcoming recession.

Breaking the News / VP