The 50,000th Reason Why Not to Take CNN’s ‘Great Depression’ Calls Seriously Ever Again
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The 50,000th Reason Why Not to Take CNN’s ‘Great Depression’ Calls Seriously Ever Again

Nearly a year has passed and the stock market catastrophe that CNN was predicting was just on the horizon because of President Donald Trump’s tariffs still never materialized. CNN Business Executive Editor David Goldman tried to stoke the fires of doom in April 2025 by crying about an impending “great depression” in the stock market. “We’re suddenly talking about the Great Depression when discussing Trump’s stock market,” read Goldman’s sensationalistic headline. He further snorted that “Trump’s stock market is throwing off some jaw-dropping statistics. How extraordinary? We’re now making comparisons to the Great Depression.” Fast forward to February 2026, and CNN published the following headline: “Stocks hit historic milestone as Dow crosses 50,000 points for first time ever.” Oof!  CNN markets reporter John Towfighi summarized that “[t]he Dow’s ascent is emblematic of the stock market’s persistent rise despite recent tumultuous geopolitical events,” indicating a bull market running into its fourth year. But according to Goldman’s spin last  April, “Trump has a long way to bounce back to avoid history.” My goodness! Talk about setting yourself for total embarrassment.  SORRY, PANICANS: The Dow Jones Industrial Average just surpassed 50,000 for the first time in history