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Trump Warns About 'Financial Bubble' in US Economy, Vows to Get Rid of Debt

© AFP 2022 / NICHOLAS KAMMA screen shows the US national debt before US Federal Reserve chair Janet Yellen (front L) testifies before the House Financial Services Committee on Capitol Hill in Washington, DC, on February 10, 2016.
A screen shows the US national debt before US Federal Reserve chair Janet Yellen (front L) testifies before the House Financial Services Committee on Capitol Hill in Washington, DC, on February 10, 2016. - Sputnik International
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Presidential hopeful Donald Trump promised to get rid of the country's $19 trillion national debt and warned US citizens against investing in the stock market now.

MOSCOW (Sputnik) — US Republican presidential candidate Donald Trump believes a situation, in which prices for securities, especially stocks, rise far above their actual value, is a financial or economic bubble which has developed in the US economy, putting the country at risk of slipping into "a massive recession."

"I think we’re sitting on an economic bubble. A financial bubble," Trump told The Washington Post in an interview.

Republican presidential candidate Donald Trump addresses the media following victory in the Florida state primary on March 15, 2016 in West Palm Beach, Florida. - Sputnik International
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He, however, specified that this phenomenon concerned not a certain sector of economy, but the economy at large.

Trump asserted that he would be able to get rid of the country’s more than $19 trillion national debt "over a period of eight years" by a renegotiation of trade deals.

He also warned US citizens against investing in the stock market right now.

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