Steve Ratner said the markets were rallying because they thought Hillary Clinton would win.
1. The Derek Hunter Show uses HR 2 March 24th 2026 to attack Steve Ratner’s 2016 warning that Donald Trump would cause a market collapse.
2. Steve Ratner is named as an MSNBC economist on Morning Joe, and the host treats his market forecast as the episode’s central example.
3. The episode asks why people trust predictions from pundits who never account for failed calls.
4. The host quotes Ratner saying markets were rising because they expected Hillary Clinton to win and that Trump would bring a 'market crash of historic proportions.'
5. The host points to the 2016 market close near 19,700 and says Donald Trump won anyway.
6. The host then cites a 2017 close at 24,719 and a 2018 drop to 23,327 to argue there was no collapse.
7. The next numbers in the argument are 2019’s close at 28,500 and 2020’s close at 30,600.
8. Those figures are used to claim the market rose roughly 50% during the Trump years.
9. The host contrasts that record with the language of 'historic proportions' and 'market collapse.'
10. The argument broadens into a complaint that the word 'market' is often used declaratively by people who do not know why prices move.
11. The host says election forecasters do not hold themselves accountable the way sports bettors do after a bad call.
12. MSNBC’s election-night coverage in 2016 is revisited as a moment of confusion after the returns came in.
13. The host says media figures simply 'plowed forward' instead of asking what went wrong.
14. The episode then turns to Joe Scarborough and Mika Brzezinski, whom the host says he once saw sitting together at a convention and later at a restaurant on K Street.
15. That segment also mentions Brzezinski’s father, Zbigniew Brzezinski, and the host’s suspicion about the public relationship between the two hosts.
16. The conversation moves to Mika Brzezinski’s birth certificate and the Save Act, with the host arguing she could obtain a copy through an assistant if needed.
17. A Boston Public Schools story follows, centered on Mayor Michelle Wu’s claim of the district’s highest graduation rate in history.
18. City Journal and the Manhattan Institute are named in a critique that says Boston’s 81.3% graduation rate rose while SAT scores stayed flat and reading and math outcomes remained weak.
19. The episode’s tone is combative and sarcastic, with long monologues, political attacks, and repeated numerical comparisons driving the format.
20. People who follow media criticism, election punditry, or public-school policy will get the most out of it; listeners wanting a neutral policy briefing may skip it.
