Cont: The Trump Presidency: Part 19

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Delphic Oracle said:
Renegotiate bond yields?

Squeak down 0.1%, suddenly every bank is over its leverage limits and no credit is available on the market anywhere.

This man is beyond incompetent.
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Plus, it will also impact millions of people, who hold U.S. debt in the form of either government savings bonds, or as part of a pension plan.

And who knows what that will do to future attempts to borrow money. The U.S. government can raise money fairly easily because its bonds and T-bills are seen as stable. If people realize that their value can be 'renegotiated', fewer people will be interested in lending in the future, and they'll probably have to increase interest rates on bonds to compensate.

And just wondering... who exactly would Trump be negotiating with? With so much debt held by individuals in various pensions and mutual funds, there's no central debt "holder" to negotiate with. Any negotiation will likely involve the government saying "We've unilaterally decided to cut the value of your bonds".
 
Captain_Swoop said:
To put the above tweet in to perspective Trump displayed his financial acumen when he said in 2014:

"I predicted Apple's stock fall based on their dumb refusal to give the option of a larger iPhone screen like Samsung. I sold my Apple stock"

Apple stock is up about 400% since then
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If you think that is bad, you should check out Paul Krugman.
 
Segnosaur said:
And just wondering... who exactly would Trump be negotiating with? With so much debt held by individuals in various pensions and mutual funds, there's no central debt "holder" to negotiate with. Any negotiation will likely involve the government saying "We've unilaterally decided to cut the value of your bonds".
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"They say" that China owns most of the US debt. Maybe he heard that myth at some point and thinks he can make it part of his amazing trade deal.
 
Re: Trump suggesting 'renegotiating' the debt...
Armitage72 said:
"They say" that China owns most of the US debt. Maybe he heard that myth at some point and thinks he can make it part of his amazing trade deal.
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Remember the good old days of the 2016 election... Trump made the exact same claim: That he would 'renegotiate' the debt. He then had to backtrack, claiming that bonds are 'sacred', and explaining that he was actually going to 'discounting', (which would do some sort of voluntary buy-back/refinancing.)

If he were a normal president (and someone who was a stable genius with the best memory) he might have remembered "Oh yeah, I made the mistake 3 years ago by incorrectly using 'renegotiate'. Maybe I better be more careful with my wording".

https://www.politifact.com/truth-o-...-look-donald-trumps-comments-about-refinanci/
 
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Segnosaur said:
Did Trump just suggest defaulting on the U.S. government debt? Its amazing how just one small part of one tweet can so illustrate the huge risks of having Trump as president.
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He does that regularly, I mean what else would you expect from someone who has used that so successfully in the past?
 
acbytesla said:
You keep saying that and pumping up your own acumen but have absolutely failed at presenting real evidence except providing a debunked quote about fax machines.
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I hasn't (and won't be) debunked.

I just thought it was funny that Captain_Swoop commented on a quote where Trump said he thought Apple stock would go down and was proven wrong when it went up (although less than the quoted 400%). Yet when Paul Krugman makes even worse predictions, they're quietly ignored.
 
Segnosaur said:
Re: Trump suggesting 'renegotiating' the debt...

Remember the good old days of the 2016 election... Trump made the exact same claim: That he would 'renegotiate' the debt. He then had to backtrack, claiming that bonds are 'sacred', and explaining that he was actually going to 'discounting', (which would do some sort of voluntary buy-back/refinancing.)

If he were a normal president (and someone who was a stable genius with the best memory) he might have remembered "Oh yeah, I made the mistake 3 years ago by incorrectly using 'renegotiate'. Maybe I better be more careful with my wording".

https://www.politifact.com/truth-o-...-look-donald-trumps-comments-about-refinanci/
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I think they shouldn't have stopped Trump from staring directly at the eclipse. It would have been a single thing he could absolutely not fail to learn.

But my naivete is showing. He'd have just come down with that rare psych disorder where blind people are totally convinced they can still see.
 
JoeMorgue said:
Why not just go "Check to see if they are white" and be done with it?
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Because Chief Justice Roberts desperately needs to maintain plausible deniability. Don't know why, since his Shelby decision has sealed his fate in the history books as far as civil rights go, but there you are.
 
Mumbles said:
Don Jr. comes off as even more of an arrogant and bigoted nitwit than his father. He looks ridiculous, and has a habit of rounding numbers to the nearest 88 (seriously, if he ever uses the number, look up the actual number - it'll always end up being 82, 79, or some such). No chance.
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88? As in Heil Hitler, the eight letter of the alphabeth twice? That's some (relatively) subtle dog whistles, there.
 
Trump Tweets

I will always stand with the State of Israel and the Jewish people. I strongly support their safety and security and their right to live within their historical homeland. It's time for peace!

The Witch Hunt continues!
 
sir drinks-a-lot said:
I hasn't (and won't be) debunked.

I just thought it was funny that Captain_Swoop commented on a quote where Trump said he thought Apple stock would go down and was proven wrong when it went up (although less than the quoted 400%). Yet when Paul Krugman makes even worse predictions, they're quietly ignored.
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No,you're Krugman quote was debunked.

But I will say this on your behalf. Guessing right or wrong on a single stock share price doesn't make one an idiot or a genius. If it did, I could be called either 2 dozen times.
 
Captain_Swoop said:
Trump Tweets



Really pathetic how @FoxNews is trying to be so politically correct by loading the airwaves with Democrats like Chris Van Hollen, the no name Senator from Maryland. He has been on forever playing up the Impeachment Hoax. Dems wouldn’t even give Fox their low ratings debates....



.....So, what the hell has happened to @FoxNews. Only I know! Chris Wallace and others should be on Fake News CNN or MSDNC. How’s Shep Smith doing? Watch, this will be the beginning of the end for Fox, just like the other two which are dying in the ratings. Social Media is great!
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After all the heavy lifting they have done for him, he spits in their face.
 
sir drinks-a-lot said:
I hasn't (and won't be) debunked.



I just thought it was funny that Captain_Swoop commented on a quote where Trump said he thought Apple stock would go down and was proven wrong when it went up (although less than the quoted 400%). Yet when Paul Krugman makes even worse predictions, they're quietly ignored.
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Trump is the president. Krugman is an administrator.
 
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