By Stephen Macaulay

Although I am as concerned as the next guy about looking at my 401k right now, the dubious economic understanding exhibited by Donald Trump about the stock market is in full form.

As he put it this week on Truth Social: “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!”

A word about Trump Media & Technology Group Corp., the company that brings you Truth Social: In March it was trading at a high for the year of $66.22. It is now at $26.98.

That’s a decline of about 60%.

Not good.

Shouldn’t the proprietor have more than a little something to do with the value of one’s company?

On Monday, August 5, the Dow Jones Industrial Average fell 1,033.99 points.

That is a decline of 2.6%.

Not good.

But let’s go back to when Donald Trump was president.

On March 12, 2020, the DJIA fell 2,352.60 points.

That’s a decline of 9.99%.

Again, not good.

On March 16, 2020, the DJIA fell 2,997.10 points.

That’s a decline of 12.93%

That’s really not good.

If Biden was sound asleep when there was this week’s decline, then Trump must have been in a coma in March 2020.