Donald Trump posted to social media more than 100 times on Monday in a frenzy of self-aggrandizing messages even as the global stock market fell sharply amid fears that his economic policies could produce a US recession.
Far from rushing to calm troubled waters after markets reacted shakily to his refusal to rule out a recession, the US president instead shared a blizzard of links on Truth Social, the platform he owns, starting at 11.44am ET with a link to a Fox News article about Keir Starmer, the British prime minister, raising defense spending before visiting Washington last month.
After US markets closed – with the S&P down 2.7%, the Dow Jones down 2%, the Nasdaq down 4%, and shares in Elon Musk’s Tesla seeing their worst day since late 2020, falling 15 points – Trump’s account was posting ads for The Apprentice, the 2000s reality show that rescued him from financial oblivion and set him out on the road to political power.
Play that fiddle, Nero