Trump Loves Playing With Debt
Posted: Mon May 09, 2016 5:28 am
A bunch of media peeps have absolutely lost their shit over this. I've heard even the threat of this tactic and Trump winning will see world wide markets crashing prior to the election. Then again, I wonder where these "financial experts" and "economists" were prior to the last crash? 
Trump is a classic developer and understands leverage and comebacks on a micro level. I don't know if it works on a world wide scale, but history suggests it might.
Playing with fire, or trumptastic, outside the box thinking?
Trump is a classic developer and understands leverage and comebacks on a micro level. I don't know if it works on a world wide scale, but history suggests it might.
Playing with fire, or trumptastic, outside the box thinking?
http://www.thefiscaltimes.com/Columns/2 ... -It-SoundsOn Thursday, the presumptive GOP presidential nominee told CNBC that his solution to dealing with the $19 trillion-plus national debt — and the risk of a budget blowout should interest rates rise and balloon the interest expense owed by taxpayers — involves a form of default such as repurchasing existing bonds at a discount. "I am the king of debt," he said, alluding to his corporate bankruptcies and use of leverage to build his real estate empire. "I love debt. I love playing with it."
His many detractors, freshly outraged over his "taco bowl" tweet, let loose again, calling Trump’s idea “insane” and warning that it would tank the economy or set off an “unprecedented financial crisis.” The general consensus: Trump is an idiot who doesn't know much about the way the financial system works.
Related: Trump Would Risk 'Full Faith and Credit of the US’
The irony is: His critics are the ones who don't understand..........
