The end of the Obama Trump Great Bull Market

[ohio]

19 minutes ago, noonereal said:

Just like he bankrupted his businesses, Trump will bankrupt the country. It's the same template. Leverage, leverage, leverage and bolt. 

Let someone else worry about fixing things. 

You are very observant.   Kudos.  That has exactly been his MO in his past investments.  Too bad his past investors weren't as keen as you are.

Bankers in the US are on to his investment schemes, finally. That's why he has to go to foreign financial institutions for loans.

Now don't get me wrong, as leverage is in some ways good to build a business.  But one has to be diligent in any corporate enterprise, even if it is with other peoples money and you don't have any financial risk in it, because if the venture fails then the investors end up being the bag holders.  Trump does not and has not seemed to have cared about his investors.

The biggest concern that Darter and I have is that he may end up crushing the financial markets in the near future by letting the market skyrocket too much, just to make himself look good politically and to stroke his massive ego.

And as you have seen in 2008, big market crashes can really damage our nation; especially by crushing people's retirements and further increasing the national debt.

[noonereal]

4 minutes ago, ohio said:

 

Now don't get me wrong, as leverage is in some ways good to build a business. 

He approached it as a scheme, always paying himself first second and 3rd. Billing his companies for effectively "made up" services in addition to his built in salaries. All on borrowed monies. It is fascinating how he stayed just barley on the right side of the law while being no more than a flimflam man.

[ohio]

1 minute ago, noonereal said:

He approached it as a scheme, always paying himself first second and 3rd. Billing his companies for effectively "made up" services in addition to his built in salaries. All on borrowed monies. It is fascinating how he stayed just barley on the right side of the law while being no more than a flimflam man.

Yep.  His approach works for him as he does not take any risk.  He only takes profits.

The sad thing is that if he were to wreck our nations economic health, we won't have any bankers who could bail us out.  In the end the taxpayers and investors will end up paying for his latest Fed scheme.  Sad, really.

[World Citizen]

9 minutes ago, ohio said:

Yep.  His approach works for him as he does not take any risk.  He only takes profits.

The sad thing is that if he were to wreck our nations economic health, we won't have any bankers who could bail us out.  In the end the taxpayers and investors will end up paying for his latest Fed scheme.  Sad, really.

Don't we the taxpayer's and citizens usually end up paying for these unsound policies?  

As for Trump, I do not nor have I ever seen him as a successful business person.  Seems everything he has done he has done by using others.  And his priorities are hidden in plain site if one cares to look.  

[ohio]

4 minutes ago, World Citizen said:

Don't we the taxpayer's and citizens usually end up paying for these unsound policies?  Yes, we do.

As for Trump, I do not nor have I ever seen him as a successful business person.  Seems everything he has done he has done by using others.  And his priorities are hidden in plain site if one cares to look. 

His popularity has always allowed him to pull this off.  It seems that he always seems to find suckers to invest in his financial schemes.

[World Citizen]

3 minutes ago, ohio said:

His popularity has always allowed him to pull this off.  It seems that he always seems to find suckers to invest in his financial schemes.

Yeah he is a unnatural phenomenon.  You think anybody who does business with him now, like banks loaning him money, are doing it above board so to speak?  If I was a shady character I would be reluctant to deal with him and if I was an honest business person I wouldn't get near him.  

 

[ohio]

1 minute ago, World Citizen said:

Yeah he is a unnatural phenomenon.  You think anybody who does business with him now, like banks loaning him money, are doing it above board so to speak?  If I was a shady character I would be reluctant to deal with him and if I was an honest business person I wouldn't get near him.  

 

Unfortunately, they may be.  But once they get burned, they hopefully won't any more.  A good con man will always find suckers.

I remember reading about how Trump took great pleasure in buying property from Merv Griffin at below market prices.  He bragged about how he didn't pay poor Merv fair value for his property, and how low a price he got.  He tried to pull a similar stunt with Don King, when King was promoting a Mike Tyson fight, and Trump wanted it held in one of his casinos.  He tried to low-ball Don King, but King would not fall for it.  King gathered several casino owners and let them bid for the rights and got a much better price.  Needless to say, Trump and King were angry at each other.  So, it's hard to con a con.

[DarterBlue]

3 minutes ago, ohio said:

Unfortunately, they may be.  But once they get burned, they hopefully won't any more.  A good con man will always find suckers.

I remember reading about how Trump took great pleasure in buying property from Merv Griffin at below market prices.  He bragged about how he didn't pay poor Merv fair value for his property, and how low a price he got.  He tried to pull a similar stunt with Don King, when King was promoting a Mike Tyson fight, and Trump wanted it held in one of his casinos.  He tried to low-ball Don King, but King would not fall for it.  King gathered several casino owners and let them bid for the rights and got a much better price.  Needless to say, Trump and King were angry at each other.  So, it's hard to con a con.

Yeah, I would say DJT and King are birds of a feather!

[World Citizen]

10 minutes ago, ohio said:

Unfortunately, they may be.  But once they get burned, they hopefully won't any more.  A good con man will always find suckers.

I remember reading about how Trump took great pleasure in buying property from Merv Griffin at below market prices.  He bragged about how he didn't pay poor Merv fair value for his property, and how low a price he got.  He tried to pull a similar stunt with Don King, when King was promoting a Mike Tyson fight, and Trump wanted it held in one of his casinos.  He tried to low-ball Don King, but King would not fall for it.  King gathered several casino owners and let them bid for the rights and got a much better price.  Needless to say, Trump and King were angry at each other.  So, it's hard to con a con.

That's funny.  Don King is a 'king con'.  Lol

I must have a little con in me as well bc I can see Trump a mile away.  

[DarterBlue]

17 minutes ago, World Citizen said:

That's funny.  Don King is a 'king con'.  Lol

I must have a little con in me as well bc I can see Trump a mile away.  

I don't think so, you just seem to think things trough for yourself.

For a dishonest individual, DJT is actually pretty transparent as he constantly changes his story and contradicts himself. Those he cons fall into either the lazy or idiot class, or those that just love him to the point they choose not to see what is as plain as day before them. 

[noonereal]

56 minutes ago, World Citizen said:

 Don King is a 'king con'.  

 

take cover, someone will be along shortly to label you a racist...😯

[DarterBlue]

5 hours ago, noonereal said:

take cover, someone will be along shortly to label you a racist...😯

It speaks for itself that Don King is a con man. Ask any of the boxers, mostly black, that were contracted to him. He cheated them all. 

I can't see why it would be racist to state the obvious. Mike Tyson refers to him as "reptilian."

[HSFBfan]

22 minutes ago, DarterBlue said:

It speaks for itself that Don King is a con man. Ask any of the boxers, mostly black, that were contracted to him. He cheated them all. 

I can't see why it would be racist to state the obvious. Mike Tyson refers to him as "reptilian."

Don king ruined Mike Tyson. Never got him ready for the buster Douglas fight. 

[noonereal]

26 minutes ago, DarterBlue said:

It speaks for itself that Don King is a con man. Ask any of the boxers, mostly black, that were contracted to him. He cheated them all. 

I can't see why it would be racist to state the obvious. Mike Tyson refers to him as "reptilian."

King Con/ King Kong

[DarterBlue]

27 minutes ago, HSFBfan said:

Don king ruined Mike Tyson. Never got him ready for the buster Douglas fight. 

That result was shocking to me. I was at work late that evening when a coworker announced the result. I could not believe it, not because I thought Tyson was unbeatable, but because Douglas had been a mediocre fighter. He proved he had not upped his game shortly thereafter. 

[HSFBfan]

8 minutes ago, DarterBlue said:

That result was shocking to me. I was at work late that evening when a coworker announced the result. I could not believe it, not because I thought Tyson was unbeatable, but because Douglas had been a mediocre fighter. He proved he had not upped his game shortly thereafter. 

Mike Tyson was out partying all night the night before the fight. Tyson was in no shape to fight that fight and don king knew it. But don king doesnt care about anyone other than him. He pimped out Mike Tyson 

[DarterBlue]

6 minutes ago, HSFBfan said:

Mike Tyson was out partying all night the night before the fight. Tyson was in no shape to fight that fight and don king knew it. But don king doesnt care about anyone other than him. He pimped out Mike Tyson 

That is more or less correct. But Tyson must also bear responsibility for his irresponsibility. No championship fighter that respects the profession goes out partying the night before defending his title. 

[HSFBfan]

11 minutes ago, DarterBlue said:

That is more or less correct. But Tyson must also bear responsibility for his irresponsibility. No championship fighter that respects the profession goes out partying the night before defending his title. 

If I remember correctly Tyson wasnt in any competitive fights leading up to that. I think holyfield came after Douglas. So Tyson literally thought every fight was he walked in beat the living shit out of guy and walked out. There is a 30 for 30 coming out called 42:1. That's the odds Douglas had to beat Tyson. That fight was supposed to be a cakewalk. 

[Troll]

8 minutes ago, DarterBlue said:

That is more or less correct. But Tyson must also bear responsibility for his irresponsibility. No championship fighter that respects the profession goes out partying the night before defending his title. 

You don't know Tyson! before and after..LOL....At the time I think he was hanging in Secaucus LOL...

And you know there are some that thought they 'threw it' per say, cause (the way he was going) he would have lost to Morrison who looked like him two years earlier ?????🤔

[DarterBlue]

7 hours ago, HSFBfan said:

If I remember correctly Tyson wasnt in any competitive fights leading up to that. I think holyfield came after Douglas. So Tyson literally thought every fight was he walked in beat the living shit out of guy and walked out. There is a 30 for 30 coming out called 42:1. That's the odds Douglas had to beat Tyson. That fight was supposed to be a cakewalk. 

 

7 hours ago, Troll said:

You don't know Tyson! before and after..LOL....At the time I think he was hanging in Secaucus LOL...

And you know there are some that thought they 'threw it' per say, cause (the way he was going) he would have lost to Morrison who looked like him two years earlier ?????🤔

All of the above statements may be true. But if you are a fighter rule number 1 is respect the game even if you don't respect your opponent. Tyson was a complex human particularly given his early life on the mean streets of Brownsville, Brooklyn. But he was also well acquainted with boxing history courtesy of Cus D'Amato's tutelage. He should have realized that this was a trap fight and trained accordingly. 

Regarding Tommy Morrison, hard to say what he could have been. Like Tyson, he led a pretty crazy life. But despite that managed to win the "poor man's" share of the Heavyweight title before he retired in the mid 1990s. Could he have beaten Tyson? Yes, the version of Tyson that lost to Douglas. However, a conditioned Tyson in his prime, would have destroyed all but the very best boxers (finesse fighters), of any era including Morrison who style wise, was more of a Tyson clone than a boxer.  

[Troll]

3 hours ago, DarterBlue said:

 

All of the above statements may be true. But if you are a fighter rule number 1 is respect the game even if you don't respect your opponent. Tyson was a complex human particularly given his early life on the mean streets of Brownsville, Brooklyn. But he was also well acquainted with boxing history courtesy of Cus D'Amato's tutelage. He should have realized that this was a trap fight and trained accordingly. 

Regarding Tommy Morrison, hard to say what he could have been. Like Tyson, he led a pretty crazy life. But despite that managed to win the "poor man's" share of the Heavyweight title before he retired in the mid 1990s. Could he have beaten Tyson? Yes, the version of Tyson that lost to Douglas. However, a conditioned Tyson in his prime, would have destroyed all but the very best boxers (finesse fighters), of any era including Morrison who style wise, was more of a Tyson clone than a boxer.  

BINGO!!! 

 

[HSFBfan]

3 hours ago, DarterBlue said:

 

All of the above statements may be true. But if you are a fighter rule number 1 is respect the game even if you don't respect your opponent. Tyson was a complex human particularly given his early life on the mean streets of Brownsville, Brooklyn. But he was also well acquainted with boxing history courtesy of Cus D'Amato's tutelage. He should have realized that this was a trap fight and trained accordingly. 

Regarding Tommy Morrison, hard to say what he could have been. Like Tyson, he led a pretty crazy life. But despite that managed to win the "poor man's" share of the Heavyweight title before he retired in the mid 1990s. Could he have beaten Tyson? Yes, the version of Tyson that lost to Douglas. However, a conditioned Tyson in his prime, would have destroyed all but the very best boxers (finesse fighters), of any era including Morrison who style wise, was more of a Tyson clone than a boxer.  

The death of cus destroyed Tyson. Cus was a father figure to Tyson. Tyson yeah had a very rough childhood in Brownsville 

[ohio]

19 hours ago, DarterBlue said:

That is more or less correct. But Tyson must also bear responsibility for his irresponsibility. No championship fighter that respects the profession goes out partying the night before defending his title. 

Another fun story about Mike Tyson.

Trump was balancing his accounts and noticed that Mike Tyson never cashed his multi-million dollar check (6 million, I believe) which was about to expire.  He called Don King to see what was happening.  King went over Tyson's mansion, to see why Tyson didn't cash it.  Iron Mike said he forgot, and that he didn't know where it was.  They searched the entire house and finally found it wedged between a cabinet drawer.

I don't know about you, but I would have known exactly where a check that size is and would have cashed it immediately.

 

[DarterBlue]

21 minutes ago, ohio said:

Another fun story about Mike Tyson.

Trump was balancing his accounts and noticed that Mike Tyson never cashed his multi-million dollar check (6 million, I believe) which was about to expire.  He called Don King to see what was happening.  King went over Tyson's mansion, to see why Tyson didn't cash it.  Iron Mike said he forgot, and that he didn't know where it was.  They searched the entire house and finally found it wedged between a cabinet drawer.

I don't know about you, but I would have known exactly where a check that size is and would have cashed it immediately.

 

Pretty funny stuff. A true story: it relates to my last full time employer before I "retired." So, it was a small office and he got the bright idea that he could do away with a full time admin person and use his wife part time, plus one of the professionals, when his wife was not at work. Well a client hand delivered a $11,500 check which this professional promptly put in one of the filing draws in his cubicle. Well needless to say, it was months later when my employer was looking at his AR aging that the check was discovered when he called the client to ask for payment. 

Funnily enough aside from a verbal dressing down, my employer did not punish this bad behavior. 

[ohio]

53 minutes ago, DarterBlue said:

Pretty funny stuff. A true story: it relates to my last full time employer before I "retired." So, it was a small office and he got the bright idea that he could do away with a full time admin person and use his wife part time, plus one of the professionals, when his wife was not at work. Well a client hand delivered a $11,500 check which this professional promptly put in one of the filing draws in his cubicle. Well needless to say, it was months later when my employer was looking at his AR aging that the check was discovered when he called the client to ask for payment. 

Funnily enough aside from a verbal dressing down, my employer did not punish this bad behavior. 

Lol. If his wife had done that, then there wouldn't even have been a verbal dressing down.  In fact, your employer probably would have been blamed for her blunder. Lol