Sign Up

Trump's Economic Plan 'Too Quick' And 'Too Painful:' Economist Warns Stocks Could Drop 30-50% After Monday's Mayhem

President Donald Trump‘s economic transition plan has been the center of discussion since he assumed office. Economist Craig Shapiro in his latest analysis has issued a stark warning that Trump's approach could trigger a 30-50% collapse in stocks and home prices, leading to severe economic turmoil.

What Happened: Sapiro, who is a macro strategist at the Bear Traps Report, criticized Trump's economic transition plan, which aims to move the country away from public deficit-driven growth toward a private sector-led expansion.

This transition was described as the “detox period,” by Treasury Secretary Scott Bessent last week on Friday, where he warned that the U.S. economy is overly dependent on government spending.

While this so-called “detox period,” is intended to reduce government spending and boost long-term economic health, Shapiro believes the process will be too abrupt, leading to devastating short-term consequences.

Shapiro broke down the administration’s economic transition in two phases and said, "The wealth destruction that is coming from this selling during Trump's Phase 1 of his transition plan… is going to come too quick and be too painful before we get the benefits from Phase ...