The U.S. stock market hit its low during the recession in March of 2009, and despite

美國股市在 2009 三月景氣衰退時創下新低，且儘管

the fact that the stock market has continued to rise, Donald Trump insisted

股市現今正持續成長，唐納・川普始終堅信

that it and the U.S. economy were in bad shape.

美國股市和經濟狀況仍舊不佳

We have artificially low interest rates. We have a stock market that, frankly, has

我們已經人為調降過利率，且坦白來說，我們擁有一個

been good to me but I still hate to see what's happening. We have a stock market

對我而言十分有利的股市，但我仍然不願看到現在這樣的情況，我們擁有一個

that is so bloated, be careful of a bubble.

過分膨脹的股市，必須提防泡沫

When Trump announced his

當川普在 2015 年

candidacy for president in 2015, he said that he thought the stock market was in

宣布參選總統時，他說他認為股市正處於

a bubble because the interest rates set by the Federal Reserve were so low.

泡沫之中，因為美國聯邦儲備系統所設下的利率實在太低

He made this point time after time on the trail.

他在競選過程中屢次強調過這一點

We have the worst revival of an economy since the Great Depression, and believe

自大衰退以來，我們的經濟復甦情況是最糟的，而且相信我，

me, we're in a bubble right now, and the only thing that looks good is the stock

我們正處於泡沫之中，唯一看起來狀況較佳的就是股市，

market, but if you raise interest rates even a little bit, that's going to come

但如果你將利率稍微調高一點點的話，它就很有可能

crashing down. The Federal Reserve three times since the election has raised

崩盤，美國聯邦儲備系統自大選以來已經將利率

interest rates, but Trump's prediction of the bubble popping did not come to pass.

調高了三次，但川普所預測的泡沫破裂完全沒有發生

When candidate Trump became President Trump, his rhetoric about the stock

當候選人川普成為了總統川普，他針對股市的浮誇說詞

market suddenly flipped.

瞬間就改變了

I don't think there has ever been a president elected when

我不認為有任何一位總統在當選後

this short period of time has done what we've done.

這的短的期間內，就達到了我們現在的成就

The stock market has hit record numbers.

股市創下新高

And you take a look at what's

並且你可以看看

going on with the stock market.

股市現在的情況

Trillions of dollars of value have been created since I won the election.

自我當選以來，已經創造了上兆美元的價值

We've added 3.3 trillion dollars in stock market value.

我們增加了 3.3 兆的股市價值

One just came out,

有個統計結果剛出來，

almost four trillion dollars.

價值已經將近 4 兆

We're doing tremendously well. Our stock

我們的表現超乎想像得好，我們的

market just at an all-time high. It picked up in market value almost 4

股市持續處於高點，其價值自 11 月 8 日，也就是大選以來，

trillion dollars since November 8th, which was the election.

增長了將近 4 億美元

The stock market

股市

has kept climbing in the first six months of the Trump presidency, but if

在川普任職總統的前六月期間裡持續攀升，但如果

the stock market was in a bubble and artificial before, ready to decline in an

股市正處於人為的泡沫當中，隨時有可能瞬間

instant, why can't the same critique exist for

崩盤，為什麼這樣的批判不存在於

the market under the Trump administration? The president can't

川普執政下的市場當中呢？總統

explain what's changed, so this is a clear flip-flop.

無法解釋到底產生了什麼樣的改變，所以這是一個明顯的態度轉變