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Politics : The Trump Presidency
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To: Wharf Rat who wrote (64865)4/5/2018 1:49:47 PM
From: zzpat  Read Replies (2) of 359238
 
I've always been fascinated by how fast rich people lose money or companies go bankrupt. Today, they say Pershing Square is a fraction of what it used to be. Carl Icahn also had many bad years even though we've had nine years of a bull market. The fall of Blockbuster from being the best in the world to bankruptcy in just a few years. The US from being the largest creditor nation in the world to being the largest debtor nation. The rise of China as the largest creditor nation etc.

Companies and countries go from the top to the bottom very fast. What were they thinking? Maybe it's not thinking that causes decline. Too many beliefs and not looking at what the competition is doing. China is eons ahead of the US and Trump thinks he can win a trade war? The man is delusional and ignorant.

For the record, Reagan took us from the top to the bottom (creditor nation - debtor nation) in only a few years. One bad leader is all it takes and we've had a lot of them.
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