Donald Trump Predicts 'Very Massive Recession' in US Economy, Warns that it is a 'Terrible Time' to Invest in Stocks

It's really interesting to watch fireworks or controversial assertions from 'anti-establishment' US presidential aspirant Donald Trump. Well 'anti-establishment' is what he presents or markets himself to the public. Whether this image is real or not is something that will only be known if he manages to implant himself in Washington. (Disclosure I do not endorse any candidate)

But once again, Mr. Trump takes on the side of the grizzly bears.

From Reuters

Republican presidential front-runner Donald Trump predicted that the United States is on course for a "very massive recession," warning that a combination of high unemployment and an overvalued stock market had set the stage for another economic slump.

"I think we’re sitting on an economic bubble. A financial bubble," the billionaire businessman said in an interview with The Washington Post published on Saturday.

Coming off a tough week on the campaign trail in which he made a series of missteps, Trump's latest comments bring him back into the limelight ahead of Tuesday's important primary in Wisconsin where he trails in the polls.

The former reality TV star said that the real U.S. jobless figure is much higher than five percent number released by the U.S. Bureau of Labor Statistics.

"We’re not at 5 percent unemployment," Trump said.

"We’re at a number that’s probably into the twenties if you look at the real number,” he said, adding that the official jobless figure is "statistically devised to make politicians — and in particular presidents — look good."

Trump said “it’s a terrible time right now” to invest in the stock market, offering a more bleak view of the U.S. economy than that held by many mainstream economists.

Is Mr. Trump really a bear? Or is he taking this position as campaign strategy to assail Wall Street?