This is a big political year, for sure. What's interesting about Trump is that nobody claims he did anything illegal. Bankruptcy laws are there to allocate the assets of a failed business. Most new businesses fail and if Trump's record is 18-4, he's doing well above the norm.
If you believe that he "stuck taxpayers with the bills", do you give him any credit for the tax revenues that his successful businesses continue to generate from the businesses and the employees' incomes? It's all too clear that his successful businesses are many times larger than his failed ones in terms of tax revenues vs. tax liabilities. We report, you decide.
It works both ways, but the hit pieces only focus on the negative side of the equation.
This is similar to the hit pieces done on Bain Capital that ignored all of the new jobs created from Romney's new business ventures while he was closing some losing enterprises. A business has to survive on it's own merits or it has to fade away.
Either you believe in capitalism and law, or you don't. I'm not an apologist for Trump, but I do have to observe that the current powers that be do not believe in capitalism or law.
What is truly disturbing is that banking laws have been twisted so that depositors are now a creditor on the bottom of the bankruptcy totem pole, instead of actual owners of their own money.
The corruption of law and ethics continues to evolve.
Q: Are You Printing Money? Bernanke: Not Literally
Originally posted by: jmski52 This is a big political year, for sure. What's interesting about Trump is that nobody claims he did anything illegal. Bankruptcy laws are there to allocate the assets of a failed business. Most new businesses fail and if Trump's record is 18-4, he's doing well above the norm.
If you believe that he "stuck taxpayers with the bills", do you give him any credit for the tax revenues that his successful businesses continue to generate from the businesses and the employees' incomes? It's all too clear that his successful businesses are many times larger than his failed ones in terms of tax revenues vs. tax liabilities. We report, you decide.
It works both ways, but the hit pieces only focus on the negative side of the equation.
This is similar to the hit pieces done on Bain Capital that ignored all of the new jobs created from Romney's new business ventures while he was closing some losing enterprises. A business has to survive on it's own merits or it has to fade away.
Either you believe in capitalism and law, or you don't. I'm not an apologist for Trump, but I do have to observe that the current powers that be do not believe in capitalism or law.
All Bain Capital did was strip mine companies in trouble , pay themselves a ton of money then toss what was left in the dumpster. They did nothing positive for anyone.
Bain capital is a perfect example of everything that is wrong with our economy.
All Bain Capital did was strip mine companies in trouble, pay themselves a ton of money then toss what was left in the dumpster. They did nothing positive for anyone.
Bain capital is a perfect example of everything that is wrong with our economy.
As an investment firm Bain specializes in private equity, providing venture capital to companies in need. It invests in companies, attempts to make them (and Bain investors) see profit and when the company is profitable Bain's sells its stake in the company at a nice profit. Making losing companies profitable often requires the "cutting of fat" or the shedding of losing divisions. Welcome to the world of capitalism.
Not all of the companies can be saved. Like any investment management company, Bain is obligated to cut it's losses. The criticism of Bain boils down to it not reinvesting its profits back into the companies it has a stake in. Bain, or any other venture capital investment firm, has no obligation to keep funding companies that it has turned around or that have failed to turn around. Continued success of a turned around or failing company lies with day-to-day management and the employees. Some succeed, some don't. Welcome to the world of capitalism.
Since inception Bain has invested in or acquired hundreds of companies including AMC Theatres, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Canada Goose, Domino's Pizza, DoubleClick, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), iHeartMedia, Sealy, Sealy Corporation, Sports Authority, Staples, Toys "R" Us, Warner Music Group, The Weather Channel. Fingerhut, The Weather Channel, and Apple Leisure Group, which includes AMResorts and Apple Vacations. Bain has saved tenfold the number of jobs it "destroyed" when it would no longer continue to support a dying company.
The hit pieces on Bain were politically motivated and interestingly limited to just one of many venture capital firms that all have the same business plan. Remember, (now more than ever) freedom of the press belongs to those who own one.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
No talking Wall Street. Heaven forbid we bring Capitalism (as a form of democracy) into this. I think the economy will be robust due to volatility in it, as usual; despite which person sits in the hot seat.
All Bain Capital did was strip mine companies in trouble, pay themselves a ton of money then toss what was left in the dumpster. They did nothing positive for anyone.
Bain capital is a perfect example of everything that is wrong with our economy.
As an investment firm Bain specializes in private equity, providing venture capital to companies in need. It invests in companies, attempts to make them (and Bain investors) see profit and when the company is profitable Bain's sells its stake in the company at a nice profit. Making losing companies profitable often requires the "cutting of fat" or the shedding of losing divisions. Welcome to the world of capitalism.
Not all of the companies can be saved. Like any investment management company, Bain is obligated to cut it's losses. The criticism of Bain boils down to it not reinvesting its profits back into the companies it has a stake in. Bain, or any other venture capital investment firm, has no obligation to keep funding companies that it has turned around or that have failed to turn around. This lies with day-to-day management and the employees of the individual companies. Some succeed, some don't. Welcome to the world of capitalism.
Since inception Bain has invested in or acquired hundreds of companies including AMC Theatres, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Canada Goose, Domino's Pizza, DoubleClick, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), iHeartMedia, Sealy, Sealy Corporation, Sports Authority, Staples, Toys "R" Us, Warner Music Group, The Weather Channel. Fingerhut, The Weather Channel, and Apple Leisure Group, which includes AMResorts and Apple Vacations. Bain has saved tenfold the number of jobs it "destroyed" when it would no longer continue to support a dying company.
The hit pieces on Bain were politically motivated and interestingly limited to just one of many venture capital firms that all have the same business plan. Remember, (now more than ever) freedom of the press belongs to those who own one.
What do all these poor companies have in common I wonder? Maybe that their unsustainable business models were warped to placate wall street rather than create strong companies . They mostly started out okay but then the MBA's got in there and destroyed them from within.
Hey Dunkin Donuts maybe you shouldn't open 4 franchises within 50 feet of one another . Just a hunch here but that could lead to trouble down the road. Thats not to say that opening 4 new stores all at once won't impress wall street though look at the money roll in from bleeding 4 franchisee's dry while the poor saps go sleep on park benches because they have a negative income. No don't close a few stores that are too close together lets fire the help and make the customers pay us for the privilege of making the coffee themselves instead , or maybe get some robots to make the coffee.
If Mitten's really wants to impress maybe he can apply his genius to some problems in the oil driller area. Like how to pay off all the notes they took out at $70 to $100 a barrel now that oil has gone down just a hair .
Mitten's gave us Romney-bama-care too so I guess we can put that in the plus column for him. That's been happening here in Mass for near a decade now and we are real happy with it. Glad the rest of you stiffs could join us
What do all these poor companies have in common I wonder? Maybe that their unsustainable business models were warped to placate wall street rather than create strong companies . They mostly started out okay but then the MBA's got in there and destroyed them from within.
Maybe, but every case history is a bit different, and there are many instances where an entrepreneur gets in over his head and can't make rational decisions when a company grows past his area of expertise. One of the biggest mistakes is in not seeking out professional help because of having an emotional attachment.
No fan of Romney here, he's lost all credibility that he ever had when he trashed Trump, just like he'll trash Cruz if Cruz becomes the nominee apparent. Just another elitist with money.
And oil drillers - they always make the same mistake. Boom, then bust. It's a never-ending cycle, and each generation makes the same mistakes because the boom times are so much fun. Kinda like the massive credit cycle boom that we've had.
But getting back to business, a business has to survive on it's own merits and when it can't, it should be liquidated and the employees & investors need to find another, hopefully better way to go.
The big problem today is that all types of short term thinking have chased away many of the best manufacturing jobs and this is accelerating a deflationary cycle, all while the finances are no longer available to support the outrageous pension commitments that governments and companies have made over the past 5 decades.
Q: Are You Printing Money? Bernanke: Not Literally
You can't think of Govenment in business terms. If everything Government does has to equate to a profit, then you misunderstand the role of Government.
Originally posted by: EagleEye You can't think of Govenment in business terms. If everything Government does has to equate to a profit, then you misunderstand the role of Government.
That's a $19 trillion statement if there ever was one. That's why gov't needs to be limited. Our Founders knew this.
Debt is only relevant if it expected to be paid. US debt is mostly irrelevant in the grand scheme of things. Leger entries, nothing more.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Originally posted by: derryb Debt is only relevant if it expected to be paid. US debt is mostly irrelevant in the grand scheme of things. Leger entries, nothing more.
Originally posted by: derryb Debt is only relevant if it expected to be paid. US debt is mostly irrelevant in the grand scheme of things. Leger entries, nothing more.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Originally posted by: derryb Debt is only relevant if it expected to be paid. US debt is mostly irrelevant in the grand scheme of things. Leger entries, nothing more.
According to that link, derryb, Paul Krugman's right.
So why the heck are we stacking PMs around here?
Because they have to dilute the money supply to accomplish it. Previous QE showed us what that does to PMs. The other elephant in the room is velocity of money (lack of consumer spending). Look for new money to be put directly in the hands of the public.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Because they have to dilute the money supply to accomplish it. Previous QE showed us what that does to PMs.
Causes a short-lived spike in prices, followed by a long bear market?
Causes a short-lived realization, followed by a long media induced peace of mind. The cycle will repeat until realization trumps.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
If you believe that he "stuck taxpayers with the bills", do you give him any credit for the tax revenues that his successful businesses continue to generate from the businesses and the employees' incomes? It's all too clear that his successful businesses are many times larger than his failed ones in terms of tax revenues vs. tax liabilities. We report, you decide.
It works both ways, but the hit pieces only focus on the negative side of the equation.
This is similar to the hit pieces done on Bain Capital that ignored all of the new jobs created from Romney's new business ventures while he was closing some losing enterprises. A business has to survive on it's own merits or it has to fade away.
Either you believe in capitalism and law, or you don't. I'm not an apologist for Trump, but I do have to observe that the current powers that be do not believe in capitalism or law.
What is truly disturbing is that banking laws have been twisted so that depositors are now a creditor on the bottom of the bankruptcy totem pole, instead of actual owners of their own money.
The corruption of law and ethics continues to evolve.
I knew it would happen.
This is a big political year, for sure. What's interesting about Trump is that nobody claims he did anything illegal. Bankruptcy laws are there to allocate the assets of a failed business. Most new businesses fail and if Trump's record is 18-4, he's doing well above the norm.
If you believe that he "stuck taxpayers with the bills", do you give him any credit for the tax revenues that his successful businesses continue to generate from the businesses and the employees' incomes? It's all too clear that his successful businesses are many times larger than his failed ones in terms of tax revenues vs. tax liabilities. We report, you decide.
It works both ways, but the hit pieces only focus on the negative side of the equation.
This is similar to the hit pieces done on Bain Capital that ignored all of the new jobs created from Romney's new business ventures while he was closing some losing enterprises. A business has to survive on it's own merits or it has to fade away.
Either you believe in capitalism and law, or you don't. I'm not an apologist for Trump, but I do have to observe that the current powers that be do not believe in capitalism or law.
All Bain Capital did was strip mine companies in trouble , pay themselves a ton of money then toss what was left in the dumpster. They did nothing positive for anyone.
Bain capital is a perfect example of everything that is wrong with our economy.
All Bain Capital did was strip mine companies in trouble, pay themselves a ton of money then toss what was left in the dumpster. They did nothing positive for anyone.
Bain capital is a perfect example of everything that is wrong with our economy.
As an investment firm Bain specializes in private equity, providing venture capital to companies in need. It invests in companies, attempts to make them (and Bain investors) see profit and when the company is profitable Bain's sells its stake in the company at a nice profit. Making losing companies profitable often requires the "cutting of fat" or the shedding of losing divisions. Welcome to the world of capitalism.
Not all of the companies can be saved. Like any investment management company, Bain is obligated to cut it's losses. The criticism of Bain boils down to it not reinvesting its profits back into the companies it has a stake in. Bain, or any other venture capital investment firm, has no obligation to keep funding companies that it has turned around or that have failed to turn around. Continued success of a turned around or failing company lies with day-to-day management and the employees. Some succeed, some don't. Welcome to the world of capitalism.
Since inception Bain has invested in or acquired hundreds of companies including AMC Theatres, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Canada Goose, Domino's Pizza, DoubleClick, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), iHeartMedia, Sealy, Sealy Corporation, Sports Authority, Staples, Toys "R" Us, Warner Music Group, The Weather Channel. Fingerhut, The Weather Channel, and Apple Leisure Group, which includes AMResorts and Apple Vacations. Bain has saved tenfold the number of jobs it "destroyed" when it would no longer continue to support a dying company.
The hit pieces on Bain were politically motivated and interestingly limited to just one of many venture capital firms that all have the same business plan. Remember, (now more than ever) freedom of the press belongs to those who own one.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I think the economy will be robust due to volatility in it, as usual; despite which person sits in the hot seat.
Trump loves debt.....and he likes to default on it.
...and leave the taxpayer holding the bag.
...and that's different from what is happening now because...???
Noted. *Holding a bigger bag.
All Bain Capital did was strip mine companies in trouble, pay themselves a ton of money then toss what was left in the dumpster. They did nothing positive for anyone.
Bain capital is a perfect example of everything that is wrong with our economy.
As an investment firm Bain specializes in private equity, providing venture capital to companies in need. It invests in companies, attempts to make them (and Bain investors) see profit and when the company is profitable Bain's sells its stake in the company at a nice profit. Making losing companies profitable often requires the "cutting of fat" or the shedding of losing divisions. Welcome to the world of capitalism.
Not all of the companies can be saved. Like any investment management company, Bain is obligated to cut it's losses. The criticism of Bain boils down to it not reinvesting its profits back into the companies it has a stake in. Bain, or any other venture capital investment firm, has no obligation to keep funding companies that it has turned around or that have failed to turn around. This lies with day-to-day management and the employees of the individual companies. Some succeed, some don't. Welcome to the world of capitalism.
Since inception Bain has invested in or acquired hundreds of companies including AMC Theatres, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Canada Goose, Domino's Pizza, DoubleClick, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), iHeartMedia, Sealy, Sealy Corporation, Sports Authority, Staples, Toys "R" Us, Warner Music Group, The Weather Channel. Fingerhut, The Weather Channel, and Apple Leisure Group, which includes AMResorts and Apple Vacations. Bain has saved tenfold the number of jobs it "destroyed" when it would no longer continue to support a dying company.
The hit pieces on Bain were politically motivated and interestingly limited to just one of many venture capital firms that all have the same business plan. Remember, (now more than ever) freedom of the press belongs to those who own one.
What do all these poor companies have in common I wonder? Maybe that their unsustainable business models were warped to placate wall street rather than create strong companies . They mostly started out okay but then the MBA's got in there and destroyed them from within.
Hey Dunkin Donuts maybe you shouldn't open 4 franchises within 50 feet of one another . Just a hunch here but that could lead to trouble down the road. Thats not to say that opening 4 new stores all at once won't impress wall street though look at the money roll in from bleeding 4 franchisee's dry while the poor saps go sleep on park benches because they have a negative income. No don't close a few stores that are too close together lets fire the help and make the customers pay us for the privilege of making the coffee themselves instead , or maybe get some robots to make the coffee.
If Mitten's really wants to impress maybe he can apply his genius to some problems in the oil driller area. Like how to pay off all the notes they took out at $70 to $100 a barrel now that oil has gone down just a hair
Mitten's gave us Romney-bama-care too so I guess we can put that in the plus column for him. That's been happening here in Mass for near a decade now and we are real happy with it. Glad the rest of you stiffs could join us
Maybe, but every case history is a bit different, and there are many instances where an entrepreneur gets in over his head and can't make rational decisions when a company grows past his area of expertise. One of the biggest mistakes is in not seeking out professional help because of having an emotional attachment.
No fan of Romney here, he's lost all credibility that he ever had when he trashed Trump, just like he'll trash Cruz if Cruz becomes the nominee apparent. Just another elitist with money.
And oil drillers - they always make the same mistake. Boom, then bust. It's a never-ending cycle, and each generation makes the same mistakes because the boom times are so much fun. Kinda like the massive credit cycle boom that we've had.
But getting back to business, a business has to survive on it's own merits and when it can't, it should be liquidated and the employees & investors need to find another, hopefully better way to go.
The big problem today is that all types of short term thinking have chased away many of the best manufacturing jobs and this is accelerating a deflationary cycle, all while the finances are no longer available to support the outrageous pension commitments that governments and companies have made over the past 5 decades.
I knew it would happen.
You can't think of Govenment in business terms. If everything Government does has to equate to a profit, then you misunderstand the role of Government.
That's a $19 trillion statement if there ever was one. That's why gov't needs to be limited. Our Founders knew this.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Debt is only relevant if it expected to be paid. US debt is mostly irrelevant in the grand scheme of things. Leger entries, nothing more.
Slightly more relevant if you're the lender.
Debt is only relevant if it expected to be paid. US debt is mostly irrelevant in the grand scheme of things. Leger entries, nothing more.
Slightly more relevant if you're the lender.
Not if you figured out a way to have it cancelled.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Debt is only relevant if it expected to be paid. US debt is mostly irrelevant in the grand scheme of things. Leger entries, nothing more.
Slightly more relevant if you're the lender.
Not if you figured out a way to have it cancelled.
According to that link, derryb, Paul Krugman's right.
So why the heck are we stacking PMs around here?
Here's a warning parable for coin collectors...
Debt is only relevant if it expected to be paid. US debt is mostly irrelevant in the grand scheme of things. Leger entries, nothing more.
Slightly more relevant if you're the lender.
Not if you figured out a way to have it cancelled.
According to that link, derryb, Paul Krugman's right.
So why the heck are we stacking PMs around here?
Because they have to dilute the money supply to accomplish it. Previous QE showed us what that does to PMs. The other elephant in the room is velocity of money (lack of consumer spending). Look for new money to be put directly in the hands of the public.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Because they have to dilute the money supply to accomplish it. Previous QE showed us what that does to PMs.
Causes a short-lived spike in prices, followed by a long bear market?
Liberty: Parent of Science & Industry
Because they have to dilute the money supply to accomplish it. Previous QE showed us what that does to PMs.
Causes a short-lived spike in prices, followed by a long bear market?
Causes a short-lived realization, followed by a long media induced peace of mind. The cycle will repeat until realization trumps.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey