Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Hook, Line And Sinker
Everyone knows, after all these years, how I feel about the average person, or I guess I should say how I feel about the average American: We're a gullible country full of people ready and willing to buy anything anyone's selling at any time.
I'm no different. Well, I'm a little different, I guess. I don't buy propaganda and I'm immune to most kinds of nefarious bullsh-t, but I'm a sucker for a lot of things other people are probably immune to, so I don't give myself any passes.
Americans' inc
Just wait til they fire a million government employees. That’ll turbocharge domestic consumption.
Am i tripping or are his policies going to cause a recession at which point he can fill the fed chair with troy mcclure?
Simplistic math tells me that S&P 6100 = November/ December election year average 6.5%
I continue to invest because I believe in the long term success of our country. The trump hype is like the bitcoin hype ,nuts. I hope nobody gets wiped out, but the idea (The very idea !, as Biden kept saying in the debate) that “Trump will fix it” is laughable.
Well, THIS small mom-and-pop business owner is not so optimistic. Most of it is related to the amazingly fast pace of change in how America shops and who actually owns the corner store or take-out joint. But in my business the threat of tariffs looms, and probably just because Trump doesn’t drink Scotch or French wine. My wife’s customers in fashion industry feel the same.
I really don’t know that much about the NFIB beyond the wikipedia blurb I just read. But founded in 1943 in Tennessee? Are they just surveying small business people in all those fly-over states that wear God, Guns and Trump t-shirts?
And if I could….. I have a long standing thought about the talk of Trump’s failures and successes. Let’s face it, he built multiple towers in Manhattan (poorly, I hear, but still). That he did with a giant inheritance is one thing, but he still did it. That alone put him in the category of ‘successful.’ Then there’s the constant chasing of crappy marketing ploys, almost all of which failed. I’d still weigh that as a ‘successful’ career, though one with a giant asterisk.
Now there’s the half dozen bankruptcies. I’m not clued in on the details of any of them beyond a passing understanding that he screwed a lot of people in Atlantic City, nor do I care to understand it. But, I will wager that a lot of it was just Trump grifting, using bankruptcy laws to his personal advantage to enrich himself by screwing others. So in that vein, he’s more of a conman than a failure. His grand exit is his greatest move ever. He’s President of the US, and not once but twice. He’s the most successful businessman-grifter of all time! I just wish it was during someone else’s lifetime, not mine.
Interesting take on him.
The greatest con man of all time.
Maybe make a movie of that title.
Maybe the reason he won is ozempic blues. If you cannot shake the ozempic blues why not give people too smart to take ozempic a case of indigestion. Misery loves company, take some misery with that hot chocolate. BTW the hot chocolate is white, only white chocolate served in MAGAT land.
Of all his bankruptcies, Trump’s most impressive are the casinos. And it’s not like the Taj was some dingy decades-old gambling hall like the Horseshoe or some other downtown Vegas dive. The Taj was the premier casino in AC until Borgata came along. I know it well from a previous life–the Taj Mahal had the largest poker room in Atlantic City.
If there’s one iron law of gambling, it’s that the house always wins. It takes a special kind of achiever (and proud we are of all of them) to manage to lose despite owning the house. The Wikipedia page actually surprised me: apparently Trump Entertainment Resorts actually went into bankruptcy 4 times before the end. After the 2nd bankruptcy, Trump was kicked off the board, so I guess you can’t hold the last two against him.
Now it’s a Hard Rock Casino. They tore out the poker room.
According to a NYT article in 2018, Mr. Trump received an estimated $413M (in 2018 dollars) from his father over the course of his father’s life and from the estate. A few years ago, I read that had Mr. Trump merely bought SPY with the money, he’d had more today than his share of his businesses. From PolitiFact: “The Times’ investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr. Trump received the equivalent today of at least $413 million from his father’s real estate empire, starting when he was a toddler and continuing to this day,” the article said. This day, being in 2018.
H-Man, after this Xmas rally, we will see who is buying in during 2025.