PALM BEACH, Florida — Former President Donald Trump told Breitbart News exclusively on Thursday evening that if he does not win the 2024 presidential election, he expects the nation’s economy will spiral into a “depression” like the 1929 “Great Depression.”

Trump, who sat with Breitbart News for more than two hours on Thursday evening at his Mar-a-Lago resort, also said during the interview that recent stock market gains are happening because the polls show him leading Democrat President Joe Biden significantly and that people are betting on a Trump victory in November.

“I think if I don’t win, we’re going to have a depression like 1929,” Trump told Breitbart News. “I think the reason the stock market is up is because if you look at the polls, people say I’m going to win. Biden is getting lucky in that regard. I had a phenomenal stock market. Everything was good about our economy. We had no inflation.”

Trump is correct that the stock market is booming right now. According to CNBC, on Friday — the last trading day of 2023 — the market closed out the year by climbing for the ninth straight week, ending the month, quarter, and year with gains.

“Stocks fell slightly on Friday, but the S&P 500 closed out 2023 with a surprising gain of 24% as inflation slowed, the economy remained strong, and the Federal Reserve signaled an end to its rate-hiking campaign,” CNBC’s Samantha Subin wrote, continuing:

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