This did not happen overnight. Looking at the chart, let us just say 1980s. That is about 38 years and how many US Presidents ago? Atleast, President Trump is trying to fix the mess created by past US Presidents just kicking the can down the road! NAFTA started January 1, 1994. If you look at that same chart, deficits grew at a larger and faster pace shortly, after that. Now, do you think there is a correlation with unfair trade policies started under NAFTA and globalization? Of course, there is. Bill Clinton said when he signed NAFTA that it will bring to the US more good paying jobs! Exactly, how did that turn out? Bilateral trade agreements were also, scrapped in favor of export as much as you want, free trade for all! Except, certain countries like China bought very little US goods from the US while, exporting as much as they wanted. How in hell could anyone think, the US can continue allowing unfair trade agreements to continue and not, suffer the consequences of such action? If anything, it made worst and enlarged the trade deficits! If the situation was reversed and the US was doing the same thing to China or the European Union, do you think, they will continue to just take it and allow the US to continue with the unfair trade practices? Hell, they would be raising hell and imposing tariffs on US products! The European Union is a huge protectionist bloc, imposing huge tariffs on exports by other countries. Yet, they want preferential treatment the other way around?
Are you asking if I have another idea as to how to 'loop' many times without using VBA? Unfortunately, I don't.
That's true when the portfolio is well managed. In Trumps case he was leveraged to the hilt when the casinos went under. Owed money to 72 different banks. he was ruined with nothing left except assets exempt from creditors. That's when the Russian mafioso stepped in and saved his ass. He's been beholden to them ever since. He's a terrible business manager! Now he makes his money selling his name, and extortion, leaves the management to others. Now that he is on the taxpayer's dime he is doing great, however. The only legitimate bank that would loan him money was deutsche bank which is the only western bank that has an office in Russia. Now that he is in position to extort, he will probably be able to get loans from other western banks. Traditionally, his means of operating is to overstate assets, i.e., bank fraud, then live on borrowed money until the house of cards he's built finally collapses. That's why he was always stiffing contractors. He really didn't have the money to pay them. He'd spent it. He's had how many bankruptcies? Is it 6???
fine, but is there anything I posted that is incorrect? If so, what is it? from : https://www.washingtonpost.com/poli...tcy-four-or-six-times/?utm_term=.553be6851b35 September 26 by Michelle Lee Fact Check: Has Trump declared bankruptcy four or six times? “You’ve taken business bankruptcies six times.” –Hillary Clinton “On occasion – four times – we used certain laws that are there.” –Donald Trump THE FACT CHECKER | Clinton is correct. Trump’s companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity. Trump’s Taj Mahal opened in April 1990 in Atlantic City, but six months later, “defaulted on interest payments to bondholders as his finances went into a tailspin,” The Washington Post’s Robert O’Harrow found. In July 1991, Trump’s Taj Mahal filed for bankruptcy. He could not keep up with debts on two other Atlantic City casinos, and those two properties declared bankruptcy in 1992. A fourth property, the Plaza Hotel in New York, declared bankruptcy in 1992 after amassing debt. PolitiFact uncovered two more bankruptcies filed after 1992, totaling six. Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004, after accruing about $1.8 billion in debt. Trump Entertainment Resorts also declared bankruptcy in 2009, after being hit hard during the 2008 recession. Why the discrepancy? Perhaps this will give us an idea: Trump told Washington Post reporters that he counted the first three bankruptcies as just one.
There are 2 kinds of people on the left... those who wash brains, and those who get brains washed. Bankruptcies mean nothing. It's a contract between the banks and the borrowers, to enter a business venture.. and if the business doesn't work out, then the bank is on the hook. The borrower of course, lose any earnest money in the deal... simple as that.... and when you go into the market as aggressive as Trump did, bad deals are bound to happen... The fact that Trump has built a real estate empire, and even MSNBC showed his tax return paying millions in income taxes.... he is successful, no doubt... bankruptcies are just like collateral damage on the way to winning a war.... business is war. Now, going 1 step deeper, isn't having past bankruptcies a good thing? every fail probably taught him a lot. Do you rather have a seasoned businessman go to the negotiations, or do you want a know nothing community organizer who was completely green at negotiations... and as a result, bad deals all over - Paris, TPP, Iran... so much mess that Trump had to undo. Let me suggest 1 thing - take the red pill, and sit on the trump train for a couple of weeks... you will find the life a lot more enjoyable, a lot more genuine, a lot less conflicting. Just pretend you are a trump supporter for a couple of weeks, you may never want to go back to the left camp. Life must be miserable in the left camp right now.... and just look at your arguments, besides the trump-hating stuff pushed by MSNBC, what agenda do they have? nothing..which is why if you look a little deeper, the arguments from the left are full or logical fallacies.. And here is why. The brain washers don't even believe the stuff themselves. they are just doing the brain washing for the votes.
President Trump's tax return which was leaked by Rachel Maddow and shown on cable TV showed he paid $28 million in taxes. Now, he was worth around $10 billion. Contrast that with blowhard Warren Buffett who was worth $72 billion and paid only a measly tax of $1 million on declared income of $11 million in a tax return he showed media. That was his effort to try and bash Trump. The guy is worth $72 billion, how much would he have earned on those monies? Let us assume a very conservative 5% since, he owns the companies he invests in and can easily earn that 5% even if the entire stock market crashes. $72 billion x .05 is $3.6 billion. So, where did all those monies go? Tax loopholes no less! Nothing wrong with that because it is all legal. However, can anyone see the absurdity of raking President Donald Trump over the coals over disclosing his tax returns? He paid 28 times what Warren Buffett, 2nd richest man paid in taxes!
Sadly, I'm afraid they meant a lot to the investors who lost money because of Trumps lying and lack of ethics. Sadly they meant something to Trump's contractors who didn't get paid what they were promised. Sadly, because there are SIX of them all associated with one liar who became our President, they meant a lot to those of us who did not vote for him. And sadly, they meant a lot to Trump's creditors. But congratulations to you because you have something in common with my neighbor's dog, Charlie, and there is not a more faithful, more loving dog anywhere. Trump's six bankruptcies didn't mean anything to Charlie, and she doesn't seem to care about Trump's lying either.
Naivety much? the contractors and the banks are no angels here, everybody is in to make a buck right? and there is always a counter party risk when you enter a deal to make a buck. This is the very definition of capitalism. You are on this elite trader site, for what? to make a buck? every buck you win, some poor dude on the other side of the trade just lost it... and what if he can no longer put food on the table to feed his children? do you feel sad about that also? Naivety much. and this is what the left uses to brain wash people.... they use these feel good concepts - social justice, equality, green energy.... the better the name, the worse the core.... step back, jump on the trump train for a couple of weeks, you will see that life will no longer be so conflicting... the left is full of conflicts, like the one I pointed above. Also, real estate is different. if you have a portfolio of 100 items, 6 going back aint bad at all.... this is why separate legal entities are used to contain liability... the very basics in corporate law and financing.
You're delusional about how the world works. I hesitate to ask where you got educated because they failed you and your nation. The vast majority of business is NOT zero sum. Going bankrupt multiple times is NOT normal; all it does is highlight that Trump is a sociopath that cares nothing about anybody but himself and maybe his family. The kind of guy to be avoided in business and life best you can. Perhaps you are a sociopath as well and can relate to Trump on a very basic level.