(DCNF)—Joe Scarborough claimed Tuesday on MSNBC that the United States economy was “still the envy of the world” because the fundamentals were “very strong” despite Monday’s stock market crash.
The Dow Jones Industrial Average closed down 1,033.99 points Monday, while the S&P 500 dropped by 160.23 points and the NASDAQ fell 576.08 points following a disappointing jobs report released Friday that triggered fears of a recession. Scarborough dismissed the crash on “Morning Joe,” pointing to futures markets showing the markets were up by a fraction of Monday’s losses.
Joe Scarborough Claims US Economy 'Still The Envy Of The World' After Stock Market Meltdown pic.twitter.com/OtRBBZMA1Q
— Daily Caller (@DailyCaller) August 6, 2024
“The thing is, it’s important to realize, if you look at the fundamentals of the economy, it’s still very strong,” Scarborough said. “The things we were saying last week are true this week. We are still the envy of the world economically, in every way.” […]
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