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Not exactly a rare occasion in the business world.
So let me get this you want a guy who decides to use bankruptcy to restructure business and in a business, real estate, where debt financing is the primary form of capitalization to run the federal government?
And how did that worked out? Have you seen the financials on Sears lately. They went from 235 million in FY 2009 in net earnings to 135 million in FY 2010.
Donald Trump has never declared bankruptcy. Businesses owned and/or controlled by Trump have declared bankruptcy. There's a difference. Get it right.
Yeah......there is a difference.....apparently he has failed multiple times in business/money pursuits but was able to insulate his personal finances from corporate bumblings.. His corporate "fronts" have filed for bankruptcy three times so far!
China achieved most of its export growth/domestic market protection through currency manipulation as a result they are really vulnerable and have some huge problems, namely very high inflation that they are struggling to control, they have been raising interest rates, and hiking reserve requirement none of which is working very well. In short they are in trouble.
Yes, they do manipulate their currency. Yes, there is some inflation but I'd hardly call it "Very high". They have the largest Current Account Balance in the world and the largest reserve of foreign exchange. In other words as a country they've got more money than anybody else on the planet. Throw that in with the amount of U.S Treasury bills they hold and China is a long way from being in financial trouble. An economy that has grown by over 10% on average for over 30 years and is expected to by at least 7% or more for the next five years is a long way from being "In Trouble".
Most of Trumps real estate holdings are financed by debt. Like most Americans as long as he makes his loan payments he's fine. But as the two bankruptcies related to his business holdings have shown that doesn't always happen. Banks tend to treat large corporate debt holders much nicer than they do guys on the street.
From a financial management standpoint the two bankruptcies of the businesses he was involved in his a huge red flag.
I don't see him doing that at all. Just look at how he contrives controversies to pump ratings for his beauty pagents and reality TV empire. He's a narcissistic opportunist who seeks glory and fame over all else.
There is a difference between doing something to MAKE money, and doing something to save money.. Trump would be "blowing" money on items unless he can justify a rate of return..
Quote:
Originally Posted by Bluefly
Seriously - we shouldn't have to mention beauty pageant and reality TV when discussing a potential leader of the free world. Obama's doing just fine, thank you.
What type of return has Obama generated? Didnt we just see a thread on a TRILLION dollar military expenditure? Yep.. we sure did.. and you think Obama is doing just fine..
First, I'm not 'trying to educate' anyone about anything. Why don't you just answer the question I asked and tell us what the difference is instead of getting 'snarky' about it?
You really need someone to tell you the difference between a business filing bankruptcy and an individual filing bankruptcy? Really? Re-read my response again over and over again until you understand...
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. His corporate "fronts" have filed for bankruptcy three times so far!
