CNBC’s Jim Cramer recently delivered a stern warning to President Donald Trump, cautioning that the recent downturn in the stock market is a significant signal and that things could worsen dramatically if the President continues to ignore it.
The Dow Jones Industrial Average plummeted over a thousand points on Monday, closing down by 890 points, following President Trump’s repeated comments over the weekend that he wasn’t ruling out the possibility of an impending recession. The market continued its downward slide on Tuesday, falling another 500 points amid ongoing concerns about trade and the President’s policies.
Cramer didn’t hold back, accusing Trump of “manufacturing” a recession and claiming that the U.S. economy was being “crushed” by foreign stock markets. On Tuesday evening, Cramer took a more direct approach in his show Mad Money, urging President Trump to take the market’s decline seriously. He warned, “If you ignore the message the markets are sending, we could see stock prices—and the economy—fall much further than they already have.”
The CNBC host emphasized that while the stock market often benefits the wealthy when it rises, its decline is a signal of larger economic troubles. “When the market drops, it’s telling us that things are not going well, that businesses are struggling, and layoffs might be on the horizon,” Cramer noted.
Cramer also pointed out that while he largely agrees with Trump’s stance on trade, he believes the President’s approach needs to be more measured. “The market is telling the President to ease up, to stop being so confrontational, and to work through these challenges more diplomatically.” Cramer made it clear that ignoring these signs could lead to an even more serious economic crisis.