Jump to content

Trump and The Market


EdEarl
 Share

Recommended Posts

He seems to view this as his right as a ruthless businessman, like he'd be an idiot not to take advantage of this priceless opportunity to gather favors and turn a profit. I always thought this was more or less illegal, but it seems presidents before him merely avoided conflicts of interest unnecessarily. 

Odd, isn't it, how folks would have screamed bloody murder if good guy farmer Jimmy Carter hadn't sold his peanut business, but ruthless landlord businessman Trump gets to keep it all. 

Link to comment
Share on other sites

12 hours ago, Phi for All said:

I always thought this was more or less illegal, but it seems presidents before him merely avoided conflicts of interest unnecessarily. 

It is illegal: Title 18 Section 208 of the U.S. code https://www.law.cornell.edu/uscode/text/18/208

With his party and his nominees in control of all branches of govt the law simply isn't being enforced. Highways have speed limits and State Police to patrol them but those State Police aren't required to catch everyone who speeds. There is some discretion allowed in enforcement of all laws. Trump flexes that discretion to what was previously believed impossible. The words constitutional crisis were tossed around a bit prior to Trump's inauguration and since that time things have only gotten worse. 

Link to comment
Share on other sites

Playing on indexes, up/down,, or short-selling stocks that you don't own doesn't require revealing your strategy to the world..

I said it week ago, that's their aim

https://www.scienceforums.net/topic/113669-trade-wars-are-good/?tab=comments#comment-1041234

ps. Somebody saw "Trading Places".. ?

History likes to repeat.. ;) If somebody is smart enough..

https://en.wikipedia.org/wiki/Short_squeeze

 

Link to comment
Share on other sites

4 hours ago, Ten oz said:

It is illegal: Title 18 Section 208 of the U.S. code https://www.law.cornell.edu/uscode/text/18/208

With his party and his nominees in control of all branches of govt the law simply isn't being enforced. Highways have speed limits and State Police to patrol them but those State Police aren't required to catch everyone who speeds. There is some discretion allowed in enforcement of all laws. Trump flexes that discretion to what was previously believed impossible. The words constitutional crisis were tossed around a bit prior to Trump's inauguration and since that time things have only gotten worse. 

It seems to me there is only one party, taking PAC money and dancing to the tune "Money is our Savior."

Link to comment
Share on other sites

2 minutes ago, EdEarl said:

It seems to me there is only one party, taking PAC money and dancing to the tune "Money is our Savior."

https://www.vox.com/explainers/2018/3/6/17081532/republicans-dodd-frank-financial-regulations

Quote

12 Senate Democrats are backing a Republican bill to weaken parts of Dodd-Frank.

In the next week, the Senate is expected to pass the Economic Growth, Regulatory Relief, and Consumer Protection Act, a bill that rolls back some of Dodd-Frank’s financial regulations and widens existing loopholes.

Republicans drafted the bill. But it has 12 Democratic co-sponsors, giving it a filibuster-proof majority.

The legislation exempts banks with less than $10 billion in assets from the Volcker Rule (which bars commercial banks from some speculative trades) and various mortgage requirements; allows banks with between $50 billion and $250 billion in assets to operate with less regulatory scrutiny; and directs the Federal Reserve to tailor regulations to the specific balance sheets of the bigger banks, rather than enforcing rules equally across the board.

 

Link to comment
Share on other sites

We seriously need to stop playing pool with these people who can afford all the lessons and equipment in the world, but still insist on cheating by blocking our shots, changing the rules, and leaning on the table while we're trying to make a living and enjoy the game while we do it.

Link to comment
Share on other sites

15 hours ago, Phi for All said:

We seriously need to stop playing pool with these people who can afford all the lessons and equipment in the world, but still insist on cheating by blocking our shots, changing the rules, and leaning on the table while we're trying to make a living and enjoy the game while we do it.

Unfortunately, it seems we must play and win or let them have their own way. I'm old and may at any time stumble and break my queue, but will, as long as possible, protest injustice and try to sneak a win sometimes. Support from the audience is welcome and essential to victory.

Link to comment
Share on other sites

On 3/5/2018 at 6:48 AM, EdEarl said:

Do you think family members or Trump could hide such transactions?

He and his kids are still running so many business deals, this stock shakeup could be used as payback for favors, like the deal he got for Ivanka's trademarks in China while on state business, or the fast-tracking his resort permits got in foreign countries as soon as he was elected. He's got a license to steal now, and it's clear he's been planning lots of ways to capitalize on it. I'm not sure how payback like that could be traced back to him.

Link to comment
Share on other sites

5 minutes ago, Phi for All said:

He and his kids are still running so many business deals, this stock shakeup could be used as payback for favors, like the deal he got for Ivanka's trademarks in China while on state business, or the fast-tracking his resort permits got in foreign countries as soon as he was elected. He's got a license to steal now, and it's clear he's been planning lots of ways to capitalize on it. I'm not sure how payback like that could be traced back to him.

He is a fox in the hen house.

Link to comment
Share on other sites

2 minutes ago, Phi for All said:

Much worse than that, since ALL the chickens would object to a fox. Almost half of the cluckers over here let him in and think he's doing swell.

That's true. It's like many chickens are deaf and blind.

Link to comment
Share on other sites

  • 9 months later...

2018 was the worst overall year for the U.S. stock market since the economic collapse of 2008. The tax cuts and deregulation put in place by Republicans were meant to be a stimulus but that doesn't seem to have panned out. 

Quote

 

6.2 percent and 5.6 percent, respectively, for 2018. Both indexes logged in their biggest annual losses since 2008, when they plunged 38.5 percent and 33.8 percent, respectively. The Nasdaq lost 3.9 percent in 2018, its worst year in a decade, when it dropped 40 percent.

The S&P 500 and Dow fell for the first time in three years, while the Nasdaq snapped a six-year winning streak. 2018 was a year fraught with volatility, characterized by record highs and sharp reversals. This year will also mark the first time ever the S&P 500 posts a decline after rising in the first three quarter

 

s. Link

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.