Trump Presidency and the Consequences

As a trader, whether or not the system "implodes" is irrelevant to me. It imploded in 2000 and again in 2008. And it will implode again. At the moment, I'm looking toward 5400 for the NQ and have been since November, but as this has been a news-driven market for months, I'm on the watch for important changes in market sentiment. So far I see no signs of it.

for the nasdaq i couldsee 5682 by june, think this will be top
 
Do Trump supporters have a breaking point?

I have a genuine and serious question for Republicans and other Trumpists.

How much profiteering is too much? Seriously. How much is Donald Trump allowed to use the White House to advance his family's economic interests before you scream “enough is enough”?

Most Americans are concerned first and foremost with their own family's economic situation, and that of their communities. They may reason that if they are doing well, who cares if the Trump family makes a little extra off of its public position? (Let's put aside the raging hypocrisy of the "pay for play" campaign against so-called Crooked Hillary.)

But at what point does this cross a line? At what point do Americans stand up to Mr. Swamp-Drainer-in-Chief and say, "What on Earth...?"

Trump supporters, please let people know if you have a breaking point. I am genuinely curious.

Not even three weeks into his presidency, here’s some of what Trump has been able to get away with:

1. Trump uses his presidential platform to attack Nordstrom for ceasing to carry his daughter Ivanka's clothing line, even though the company had already said it had cut the line for commercial reasons.

2. Trump uses the White House press spokesman, a government official, to double down on his comments and also attack Nordstrom.

3. First Lady Melania Trump admits in a court filing that she had intended to use her position over the next four years to garner "multimillion-dollar business relationships." She then denies what her lawyers said in a court filing, but nonetheless continues with a $150 million "damages" claim based on the value of those profits.

4. The Department of Defense announces it is going to rent space in Trump Tower on the public dime.

5. Donald Trump refuses to divest of his businesses and instead merely puts them in the hands of two independent individuals — his sons Donald Jr. and Eric. When the federal government's ethics watchdog called that move "meaningless," House Republicans responded... by attacking the watchdog.

6. Trump announces that his Florida club Mar-A-Lago will be the "Winter White House" and then doubles the admission fees to $200,000.

7. Trump lets his daughter Ivanka sit in on his official meeting with the prime minister of Japan — while she is negotiating to license her clothing line to a Japanese company that is majority-owned by the government of Japan.

8. Ivanka Trump wears an "Ivanka Trump Fine Jewelry" bracelet when she appears on “60 Minutes” with her father, and then immediately uses the publicity to sell copies for $10,000 apiece.

9. Days after he is elected president, Trump holds a photo-op at Trump Tower with his Indian business partners, helping market their new luxury development near Mumbai.

10. President-elect Trump speaks by telephone with Argentine President Mauricio Macri, and three days later a Trump development project in Argentina, which had long been stalled, is underway again.

11. When Eric Trump travels abroad for a high-profile marketing trip on behalf of the Trump organization, the $100,000 security bill is footed entirely by the U.S. taxpayer.

Such so-called kleptocracy is nothing new in U.S. politics. President Lyndon Johnson and his wife Lady Bird Johnson profited handsomely from her ownership of a Texas radio station. Ronald Reagan collected a big paycheck from the Japanese after eight years of appeasing their country's economic predations. Bill and Hillary Clinton raked in millions of dollars in speaking fees after leaving the White House. All of this can be criticized, with more and less force. But that doesn’t make it right.

It is surely relevant that many Americans voted for Trump because both he and politically conservative media told them Hillary Clinton was a "crook," while Trump would "clean up Washington" and "drain the swamp." So I’m asking now: When does Trump’s profiteering become too much? Or have we come to a point where anything goes?

--Brett Arends, MarketWatch
 
Do Trump supporters have a breaking point?

I have a genuine and serious question for Republicans and other Trumpists.

How much profiteering is too much? Seriously. How much is Donald Trump allowed to use the White House to advance his family's economic interests before you scream “enough is enough”?

Most Americans are concerned first and foremost with their own family's economic situation, and that of their communities. They may reason that if they are doing well, who cares if the Trump family makes a little extra off of its public position? (Let's put aside the raging hypocrisy of the "pay for play" campaign against so-called Crooked Hillary.)

But at what point does this cross a line? At what point do Americans stand up to Mr. Swamp-Drainer-in-Chief and say, "What on Earth...?"

Trump supporters, please let people know if you have a breaking point. I am genuinely curious.

Not even three weeks into his presidency, here’s some of what Trump has been able to get away with:

1. Trump uses his presidential platform to attack Nordstrom for ceasing to carry his daughter Ivanka's clothing line, even though the company had already said it had cut the line for commercial reasons.

2. Trump uses the White House press spokesman, a government official, to double down on his comments and also attack Nordstrom.

3. First Lady Melania Trump admits in a court filing that she had intended to use her position over the next four years to garner "multimillion-dollar business relationships." She then denies what her lawyers said in a court filing, but nonetheless continues with a $150 million "damages" claim based on the value of those profits.

4. The Department of Defense announces it is going to rent space in Trump Tower on the public dime.

5. Donald Trump refuses to divest of his businesses and instead merely puts them in the hands of two independent individuals — his sons Donald Jr. and Eric. When the federal government's ethics watchdog called that move "meaningless," House Republicans responded... by attacking the watchdog.

6. Trump announces that his Florida club Mar-A-Lago will be the "Winter White House" and then doubles the admission fees to $200,000.

7. Trump lets his daughter Ivanka sit in on his official meeting with the prime minister of Japan — while she is negotiating to license her clothing line to a Japanese company that is majority-owned by the government of Japan.

8. Ivanka Trump wears an "Ivanka Trump Fine Jewelry" bracelet when she appears on “60 Minutes” with her father, and then immediately uses the publicity to sell copies for $10,000 apiece.

9. Days after he is elected president, Trump holds a photo-op at Trump Tower with his Indian business partners, helping market their new luxury development near Mumbai.

10. President-elect Trump speaks by telephone with Argentine President Mauricio Macri, and three days later a Trump development project in Argentina, which had long been stalled, is underway again.

11. When Eric Trump travels abroad for a high-profile marketing trip on behalf of the Trump organization, the $100,000 security bill is footed entirely by the U.S. taxpayer.

Such so-called kleptocracy is nothing new in U.S. politics. President Lyndon Johnson and his wife Lady Bird Johnson profited handsomely from her ownership of a Texas radio station. Ronald Reagan collected a big paycheck from the Japanese after eight years of appeasing their country's economic predations. Bill and Hillary Clinton raked in millions of dollars in speaking fees after leaving the White House. All of this can be criticized, with more and less force. But that doesn’t make it right.

It is surely relevant that many Americans voted for Trump because both he and politically conservative media told them Hillary Clinton was a "crook," while Trump would "clean up Washington" and "drain the swamp." So I’m asking now: When does Trump’s profiteering become too much? Or have we come to a point where anything goes?

--Brett Arends, MarketWatch

Well found DB it is outrageous really but I don't think public criticism alone will stop him and I know of no other. The Founding Fathers probably weren't anticipating such greedy behaviour and forgot to put it in The Constitution. It looks like the Dumps are going to be a lot richer at the end of the 4 years. The World's first Trillionaires maybe soon. There seems to be a common factor amongst the rich and that is they never have enough.
Even makes Socialism look attractive. A 10% per year wealth tax for billionaires would slow him down a bit imho.
Foolish of him to make himself so unpopular that his property gets attacked.
 
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This is a great 'test' for America.
If they can survive 4 years of The Trumpenator by resisting implementing his ridiculous policies through recourse to the Law then they have passed a significant test. It means that even the President of the USA is NOT above the Law.
I await the outcome. In the meantime good luck for the next 4 years, its going to be a bumpy ride!
 
This is a great 'test' for America.
If they can survive 4 years of The Trumpenator by resisting implementing his ridiculous policies through recourse to the Law then they have passed a significant test. It means that even the President of the USA is NOT above the Law.
I await the outcome. In the meantime good luck for the next 4 years, its going to be a bumpy ride!

Preferably 2.
 
Trump won't make the full 4yrs. Neither the Democrats (obviously) nor the Republican party want Trump. He's a loose cannon. Republicans would much rather have Pence at the helm, he's a true-blue one of them. The Republicans are waiting for an error so egregious that no one can ignore. It's then they will strike. Right now they fear for their careers, laying low biding their time.

It's a shame there are few spines in politics, but that's the reality of it unfortunately. Most put their career first, principle a distant second. That's human nature, and few rise above that. When that one does, they should be cherished, regardless of party affiliation. They, and they alone respect critical discourse, and therefore deserving of our respect too.
 
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I think the GOP still doesn't recognize that a vote for Trump was not a vote for them.

I don't think they get it yet, remarkably.

The Trump vote was throwing a flash green egg into the system hoping for the phoenix to rise from the ashes save them from their torment.

It won't happen.

Christianity is on the decline. The white population is shrinking. Their manufacturing jobs are overseas, and when brought back performed by robots. Welcome to the 21st century, and it's only going get worse for unskilled labor as well skilled.

Hell, I thinks it's IBM has a supercomputer that can diagnose better than your doctor!:|

Everyone is affected, we traders too. We are feeling the crunch too with the algos, front runners and program trading.
 
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Do Trump supporters have a breaking point?

I have a genuine and serious question for Republicans and other Trumpists.

How much profiteering is too much? Seriously. How much is Donald Trump allowed to use the White House to advance his family's economic interests before you scream “enough is enough”?

Most Americans are concerned first and foremost with their own family's economic situation, and that of their communities. They may reason that if they are doing well, who cares if the Trump family makes a little extra off of its public position? (Let's put aside the raging hypocrisy of the "pay for play" campaign against so-called Crooked Hillary.)

But at what point does this cross a line? At what point do Americans stand up to Mr. Swamp-Drainer-in-Chief and say, "What on Earth...?"

Trump supporters, please let people know if you have a breaking point. I am genuinely curious.

Not even three weeks into his presidency, here’s some of what Trump has been able to get away with:

1. Trump uses his presidential platform to attack Nordstrom for ceasing to carry his daughter Ivanka's clothing line, even though the company had already said it had cut the line for commercial reasons.

2. Trump uses the White House press spokesman, a government official, to double down on his comments and also attack Nordstrom.

3. First Lady Melania Trump admits in a court filing that she had intended to use her position over the next four years to garner "multimillion-dollar business relationships." She then denies what her lawyers said in a court filing, but nonetheless continues with a $150 million "damages" claim based on the value of those profits.

4. The Department of Defense announces it is going to rent space in Trump Tower on the public dime.

5. Donald Trump refuses to divest of his businesses and instead merely puts them in the hands of two independent individuals — his sons Donald Jr. and Eric. When the federal government's ethics watchdog called that move "meaningless," House Republicans responded... by attacking the watchdog.

6. Trump announces that his Florida club Mar-A-Lago will be the "Winter White House" and then doubles the admission fees to $200,000.

7. Trump lets his daughter Ivanka sit in on his official meeting with the prime minister of Japan — while she is negotiating to license her clothing line to a Japanese company that is majority-owned by the government of Japan.

8. Ivanka Trump wears an "Ivanka Trump Fine Jewelry" bracelet when she appears on “60 Minutes” with her father, and then immediately uses the publicity to sell copies for $10,000 apiece.

9. Days after he is elected president, Trump holds a photo-op at Trump Tower with his Indian business partners, helping market their new luxury development near Mumbai.

10. President-elect Trump speaks by telephone with Argentine President Mauricio Macri, and three days later a Trump development project in Argentina, which had long been stalled, is underway again.

11. When Eric Trump travels abroad for a high-profile marketing trip on behalf of the Trump organization, the $100,000 security bill is footed entirely by the U.S. taxpayer.

Such so-called kleptocracy is nothing new in U.S. politics. President Lyndon Johnson and his wife Lady Bird Johnson profited handsomely from her ownership of a Texas radio station. Ronald Reagan collected a big paycheck from the Japanese after eight years of appeasing their country's economic predations. Bill and Hillary Clinton raked in millions of dollars in speaking fees after leaving the White House. All of this can be criticized, with more and less force. But that doesn’t make it right.

It is surely relevant that many Americans voted for Trump because both he and politically conservative media told them Hillary Clinton was a "crook," while Trump would "clean up Washington" and "drain the swamp." So I’m asking now: When does Trump’s profiteering become too much? Or have we come to a point where anything goes?

--Brett Arends, MarketWatch

All of these facts are subject to "alternative facts" once Kelly et al can think them up.
It's all the media's fault, and the so-called judges' fault and everyone else's fault.
I know this because Benito Trumpolini will tweet it.

But every cloud has a wonderful beautiful golden lining and Trump has it right on at least two counts, China and Iran.
 
Are you serious? They are testing missiles capable of sending nuclear weapons. One apparently broke up during reentry. Iran claimed it's attempting to send up weather or other satellites but they would't need reentry. Only if you want to test for delivering weapons. Reports are they also still are enriching uranium. This is a dangerous situation and it happened on Obama's watch.

Obama also screwed our middle east ally Israel after a longstanding history of US defending them in the UN.

Peter

Spot on !

"Originally Posted by Atilla
Don't see Iran doing anything wrong"

So widespread support and training for terror are ok then? Not to mention their internal mass torture, repression and executions ?
 
Spot on !

"Originally Posted by Atilla
Don't see Iran doing anything wrong"

So widespread support and training for terror are ok then? Not to mention their internal mass torture, repression and executions ?

What do you want the US to do, invade Iran now too?

Why don't YOU do it?(n)

Where is England now that the free world needs them?

The US has put serious sanctions on these dangerous idiots.
 
I never said I wanted the US or the UK to invade anyone ! Not Muslim countries or anyone else.
War is so terrible that no one should get involved unless they are threatened themselves.
But appeasement never works and sooner or later the appeased get more aggressive and war like.
The problem with Trump is that he is confrontational and psychologically unfit, in my view, and that is a dangerous combination in a man who is used to bullying his way to get what he wants. It might work in business, but world affairs require judgment and self control with political nous.
 
I never said I wanted the US or the UK to invade anyone ! Not Muslim countries or anyone else.
War is so terrible that no one should get involved unless they are threatened themselves.
But appeasement never works and sooner or later the appeased get more aggressive and war like.
The problem with Trump is that he is confrontational and psychologically unfit, in my view, and that is a dangerous combination in a man who is used to bullying his way to get what he wants. It might work in business, but world affairs require judgment and self control with political nous.

Which is why the treaty with Iran was/is so important. But now Trump has tossed all that into the air.
 
And the hits just keep on comin':

The Other Bombshell in Flynn Story: Contacts during the campaign and Russian hacking

News stories and headlines overnight are focused on the revelation that Michael Flynn discussed sanctions with Russia’s Ambassador in December phone calls, which flatly contradicts what Vice President Pence, White House Spokesman Sean Spicer, and Flynn himself had previously publicly asserted. The story, broken by Greg Miller, Adam Entous and Ellen Nakashima at the Washington Post, contains a potentially even more explosive revelation: Russian contacts with Donald Trump’s inner circle during the presidential campaign, an allegation that the Trump administration has also previously categorically denied.

I. Implications

Why would the pre-election contacts be the more significant story? The reason is, as many commentators suggest, if such contact related to Russia’s cyber campaign to help elect Trump and destabilize a potential Clinton presidency, it could raise more serious allegations even including treason. . . .
 
Which is why the treaty with Iran was/is so important. But now Trump has tossed all that into the air.

See my posts in this thread, #388 and #392

The treaty is no good. Iran is still harassing us and ignoring the treaty. Better to get rid of it.

Peter
 
We see who the crybabies are both here and in the media, having their candidate crushed in the election, and refusing to believe that Trump is the President. They don't even understand the reason for the travel restrictions. The left is destroying what remains of their party. The midterm elections will essentially create a 1-party system in the USA.


Peter
 
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