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MalibuGuru



Joined: 11 Nov 1993
Posts: 8604

PostPosted: Fri Aug 23, 2019 1:36 pm    Post subject: Reply with quote

boggsman1 wrote:
Here's a quote today from Herbert Hoover:

“….My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” Trump wrote after the speech ended.

That's the leader of the free world comparing our Federal Reserve Chairman to a communist dictator...truly pathetic ..

Worst. Negotiator. Ever.


The entire world has zero interest rates. Why shouldn't we? Powell is responsible for our slowdown. I am consistent about my criticism of the FED. The FED is a farce.

America became the power we are without a federal reserve.
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boggsman1



Joined: 24 Jun 2002
Posts: 7535
Location: at a computer

PostPosted: Fri Aug 23, 2019 1:43 pm    Post subject: Reply with quote

Crazy talk

Germany
Japan
Spain
Italy

All have zero or negative rates, and ZERO growth, and MASSIVE probelms with their banking systems... We are doing well, don't need lower rates...

Steve-o, if lower rates were a panacea , then Germany would be growing at 5%...The number one reason we are slowing is because of the crazy stupid trade policy these Keystone Cops are deploying...
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vientomas



Joined: 25 Apr 2000
Posts: 953

PostPosted: Fri Aug 23, 2019 2:18 pm    Post subject: Reply with quote

boggsman1 wrote:
Crazy talk

Germany
Japan
Spain
Italy

All have zero or negative rates, and ZERO growth, and MASSIVE probelms with their banking systems... We are doing well, don't need lower rates...

Steve-o, if lower rates were a panacea , then Germany would be growing at 5%...The number one reason we are slowing is because of the crazy stupid trade policy these Keystone Cops are deploying...


Arguing with crazy is...crazy.
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boggsman1



Joined: 24 Jun 2002
Posts: 7535
Location: at a computer

PostPosted: Fri Aug 23, 2019 2:26 pm    Post subject: Reply with quote

Word.. it’s futile I get it.. Just blows my mind to see Republicans defending the worst policy I’ve seen in my lifetime .. Partisanship over good economics — crazy
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vientomas



Joined: 25 Apr 2000
Posts: 953

PostPosted: Fri Aug 23, 2019 3:20 pm    Post subject: Reply with quote

MalibuGuru wrote:
boggsman1 wrote:
Here's a quote today from Herbert Hoover:

“….My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” Trump wrote after the speech ended.

That's the leader of the free world comparing our Federal Reserve Chairman to a communist dictator...truly pathetic ..

Worst. Negotiator. Ever.


The entire world has zero interest rates. Why shouldn't we? Powell is responsible for our slowdown. I am consistent about my criticism of the FED. The FED is a farce.

America became the power we are without a federal reserve.


Yeah, it's not Trump's fault. He has never had a business fail:

#1) Trump Taj Mahal (1991): The Trump Taj Mahal casino in Atlantic City opened in 1990, with Trump financing the completion of its construction with $675 million in junk bonds at 14% interest. By the following year the casino itself was in debt to the tune of $3 billion, while Trump himself owed some $900 million in personal liabilities.

In order to keep the Taj Mahal afloat, Trump struck a deal with his lenders in which he gave up half his ownership share and equity in the casino, sold his Trump Shuttle airline and his Trump Princess 220-foot yacht, and agreed to a bank-set limit on his personal spending in exchange for a lower interest rate and additional time to make his loan payments.

#2 and #3) Trump’s Castle and Trump Plaza Casinos (1992): Less than a year after the Taj Mahal bankruptcy Trump filed for Chapter 11 protection again for two more Atlantic City hotel-casinos, the Trump Plaza and Trump’s Castle, over their inability to make principal and interest payments on bonds. The Plaza ($550 million in debt) and the Castle ($338 million in debt) were competing against each other, as well as against the Taj Mahal, and Trump gave up a 50% share in exchange for more favorable terms on the debts.

#4) Trump Plaza Hotel (1992): Donald Trump filed for bankruptcy protection a third time in 1992 over the Trump Plaza Hotel on New York’s famous Fifth Avenue, overlooking Central Park in midtown Manhattan. Once again, Trump gave up a 49% stake in the property to secure more favorable terms from lenders on the luxury hotel’s debt of more than $550 million.

#5) Trump Hotels and Casinos Resorts (2004): In 1995, Donald Trump established Trump Hotels and Casino Resorts as a publicly traded company, an entity that eventually consolidated his three Atlantic City casinos (Trump Taj Mahal, Trump Castle, and Trump Plaza), along with other properties, under one company. In 2004, Trump sought Chapter 11 bankruptcy protection for the company, with filings listing about $1.8 billion in debt. Yet again, Trump’s ownership in the business was reduced, from 47% to 27%, in order to obtain more favorable terms from lenders.

#6) Trump Entertainment Resorts (2009): After its 2004 bankruptcy, Trump Hotels and Casino Resorts was renamed Trump Entertainment Resorts (TER), and that latter entity went Chapter 11 in 2009 with a debt of $1.2 billion. Trump fought with his board of directors over how to restructure the company and ended up reducing his ownership share of the business once again (to 10%) and resigning as chairman of the board.

tajmahal
TER sold off the former Trump’s Castle (by then renamed the Trump Marina) to Landry’s in 2011, who rebranded it as the Golden Nugget Atlantic City. In 2014, Trump filed a lawsuit to bar the continued use of his name on TER’s remaining Atlantic City casinos, the Trump Plaza and the Trump Taj Mahal, holding that “the license entities have allowed the casino properties to fall into an utter state of disrepair and have otherwise failed to operate and manage the casino properties in accordance with the high standards of quality and luxury required under the license agreement.” Shortly afterwards, TER declared bankruptcy yet again and closed the Trump Plaza casino for good. The Trump Taj Mahal remained with TER, which became a subsidiary of Icahn Enterprises upon emerging from bankruptcy protection in 2016.

Other Trump Business Failures
As well, Donald Trump has undertaken a number of business projects that ultimately failed (or failed to live up to his lofty projections) without resulting in bankrupcties, including:

Trump Steaks
GoTrump (online travel site)
Trump Airlines
Trump Vodka
Trump Mortgage
Trump: The Game
Trump Magazine
Trump University
Trump Ice (bottled water)
The New Jersey Generals (pro football team)
Tour de Trump (bicycle race)
Trump Network (nutritional supplements)
Trumped! (syndicated radio spot)
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mac



Joined: 07 Mar 1999
Posts: 13122
Location: Berkeley, California

PostPosted: Fri Aug 23, 2019 3:25 pm    Post subject: Reply with quote

The wing nuts on this forum scoffed when I had my financial guy take me out of stocks after Trump was elected. I said at the time, I don't know how, I don't know when, but he's going to crater the economy. I had already lost hundreds of thousands in the last cratering, caused by deregulation fever of Republicans.

Today the Dow lost 623 points. The idiot in chief, who is not known to read or study, said that trade wars are easy. When you're beholden to Deutsche Bank and the Kremlin, maybe you don't have to understand markets.
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mat-ty



Joined: 07 Jul 2007
Posts: 6720

PostPosted: Fri Aug 23, 2019 3:36 pm    Post subject: Reply with quote

vientomas wrote:
MalibuGuru wrote:
boggsman1 wrote:
Here's a quote today from Herbert Hoover:

“….My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” Trump wrote after the speech ended.

That's the leader of the free world comparing our Federal Reserve Chairman to a communist dictator...truly pathetic ..

Worst. Negotiator. Ever.


The entire world has zero interest rates. Why shouldn't we? Powell is responsible for our slowdown. I am consistent about my criticism of the FED. The FED is a farce.

America became the power we are without a federal reserve.


Yeah, it's not Trump's fault. He has never had a business fail:

#1) Trump Taj Mahal (1991): The Trump Taj Mahal casino in Atlantic City opened in 1990, with Trump financing the completion of its construction with $675 million in junk bonds at 14% interest. By the following year the casino itself was in debt to the tune of $3 billion, while Trump himself owed some $900 million in personal liabilities.

In order to keep the Taj Mahal afloat, Trump struck a deal with his lenders in which he gave up half his ownership share and equity in the casino, sold his Trump Shuttle airline and his Trump Princess 220-foot yacht, and agreed to a bank-set limit on his personal spending in exchange for a lower interest rate and additional time to make his loan payments.

#2 and #3) Trump’s Castle and Trump Plaza Casinos (1992): Less than a year after the Taj Mahal bankruptcy Trump filed for Chapter 11 protection again for two more Atlantic City hotel-casinos, the Trump Plaza and Trump’s Castle, over their inability to make principal and interest payments on bonds. The Plaza ($550 million in debt) and the Castle ($338 million in debt) were competing against each other, as well as against the Taj Mahal, and Trump gave up a 50% share in exchange for more favorable terms on the debts.

#4) Trump Plaza Hotel (1992): Donald Trump filed for bankruptcy protection a third time in 1992 over the Trump Plaza Hotel on New York’s famous Fifth Avenue, overlooking Central Park in midtown Manhattan. Once again, Trump gave up a 49% stake in the property to secure more favorable terms from lenders on the luxury hotel’s debt of more than $550 million.

#5) Trump Hotels and Casinos Resorts (2004): In 1995, Donald Trump established Trump Hotels and Casino Resorts as a publicly traded company, an entity that eventually consolidated his three Atlantic City casinos (Trump Taj Mahal, Trump Castle, and Trump Plaza), along with other properties, under one company. In 2004, Trump sought Chapter 11 bankruptcy protection for the company, with filings listing about $1.8 billion in debt. Yet again, Trump’s ownership in the business was reduced, from 47% to 27%, in order to obtain more favorable terms from lenders.

#6) Trump Entertainment Resorts (2009): After its 2004 bankruptcy, Trump Hotels and Casino Resorts was renamed Trump Entertainment Resorts (TER), and that latter entity went Chapter 11 in 2009 with a debt of $1.2 billion. Trump fought with his board of directors over how to restructure the company and ended up reducing his ownership share of the business once again (to 10%) and resigning as chairman of the board.

tajmahal
TER sold off the former Trump’s Castle (by then renamed the Trump Marina) to Landry’s in 2011, who rebranded it as the Golden Nugget Atlantic City. In 2014, Trump filed a lawsuit to bar the continued use of his name on TER’s remaining Atlantic City casinos, the Trump Plaza and the Trump Taj Mahal, holding that “the license entities have allowed the casino properties to fall into an utter state of disrepair and have otherwise failed to operate and manage the casino properties in accordance with the high standards of quality and luxury required under the license agreement.” Shortly afterwards, TER declared bankruptcy yet again and closed the Trump Plaza casino for good. The Trump Taj Mahal remained with TER, which became a subsidiary of Icahn Enterprises upon emerging from bankruptcy protection in 2016.

Other Trump Business Failures
As well, Donald Trump has undertaken a number of business projects that ultimately failed (or failed to live up to his lofty projections) without resulting in bankrupcties, including:

Trump Steaks
GoTrump (online travel site)
Trump Airlines
Trump Vodka
Trump Mortgage
Trump: The Game
Trump Magazine
Trump University
Trump Ice (bottled water)
The New Jersey Generals (pro football team)
Tour de Trump (bicycle race)
Trump Network (nutritional supplements)
Trumped! (syndicated radio spot)




You could make a list of success and failures for any billionaire you ignorant POS...you probably never ran or built anything in your life.
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mat-ty



Joined: 07 Jul 2007
Posts: 6720

PostPosted: Fri Aug 23, 2019 3:47 pm    Post subject: Reply with quote

mac wrote:
The wing nuts on this forum scoffed when I had my financial guy take me out of stocks after Trump was elected. I said at the time, I don't know how, I don't know when, but he's going to crater the economy. I had already lost hundreds of thousands in the last cratering, caused by deregulation fever of Republicans.

Today the Dow lost 623 points. The idiot in chief, who is not known to read or study, said that trade wars are easy. When you're beholden to Deutsche Bank and the Kremlin, maybe you don't have to understand markets.



It was around 19,000 at election time and around 26,000 now and almost 28,000 at one point........and you talk about math you stupid old fool....

Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes
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real-human



Joined: 02 Jul 2011
Posts: 11045
Location: on earth

PostPosted: Fri Aug 23, 2019 3:54 pm    Post subject: Reply with quote

mat-ty wrote:




You could make a list of success and failures for any billionaire you ignorant POS...you probably never ran or built anything in your life.


Where we have been able to get his taxes we know he was the number one loser in the entire US for was it 7- 10 years. So exactly where did he get the money after no bank in the USA was willing to lend to him?

We know that sugar daddy left him an estimated 600 or so million. and bailed and bailed him out. Appears many of these bailouts were illegally done as well as how the kids assets were transferred. americans may be owed up to a billion dollars in taxes and fines that were hidden with accounting schemes. as noted by his long-time lawyer fixes that was involved in these dealing which he did testify under oath.

trust fund kids like you are such low to no- level thinkers.

_________________
when good people stay silent the right wing are the only ones heard.
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techno900



Joined: 28 Mar 2001
Posts: 3478

PostPosted: Fri Aug 23, 2019 4:25 pm    Post subject: Reply with quote

mac said:
Quote:
The wing nuts on this forum scoffed when I had my financial guy take me out of stocks after Trump was elected. I said at the time, I don't know how, I don't know when, but he's going to crater the economy. I had already lost hundreds of thousands in the last cratering, caused by deregulation fever of Republicans.

Seems like you need a new financial guy. Mine got me into annuities in 2006 because he forecast the recession. Still making 6%. Then your guy takes you out of the market when it really sky rocketed. Sad, screwed twice. But then, the market is a bit risky for us old farts anyway.
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