Trump praised the Japanese economic model just as the Lost Decade was beginning.
Shannon Stapleton / Reuters
In an interview with the Washington Post on Saturday, Donald Trump predicted a "very massive recession" was coming, adding that "it's a terrible time right now" to invest in the stock market.
It's not the first time Trump has offered up his economic forecast. In the years before his current run for president, the billionaire businessman and reality TV star has frequently cast himself as an expert on the economy, while providing analysis that often turned out to be wildly incorrect.
During this time, Trump at various points predicted imminent economic collapse, even going so far to suggest in 2011 that the price of bread would soon rise to $25. But his optimistic predictions have been wrong, too, such as when he argued in 2005 and 2006, just before the housing crisis, that the real estate market would continue to be strong.
Trump said in 1991, at the beginning of what is known in Japan as the Lost Decade, that the Japanese economic model was "totally brilliant."
"You look at Japan, the way the've managed their economy, it's totally brilliant," Trump said on Joan Rivers' talk show. "What they've done is totally brilliant."
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