Black Monday

[skid]

http://www.usatoday.com/story/news/p...uits/85297274/

Chapter 3
The slot-machine cabinets
Despite the Trumps’ assertion that his their companies only refuse payment to contractors “when somebody does a bad job,” he has sometimes offered to hire those same contractors again. It’s a puzzling turn of events, since most people who have a poor experience with a contractor, and who refuse to pay and even fight the contractor in court, aren’t likely to offer to rehire them.

Nevertheless, such was the case for the Friels. After submitting the final bill for the Plaza casino cabinet-building in 1984, Paul Friel said he got a call asking that his father, Edward, come to the Trump family’s offices at the casino for a meeting. There Edward, and some other contractors, were called in one by one to meet with Donald Trump and his brother, Robert Trump.

“He sat in a room with nine guys,” Paul Friel said. “We found out some of them were carpet guys. Some of them were glass guys. Plumbers. You name it.”
In the meeting, Donald Trump told his father that the company’s work was inferior, Friel said, even though the general contractor on the casino had approved it. The bottom line, Trump told Edward Friel, was the company wouldn't get the final payment. Then, Friel said Trump added something that struck the family as bizarre. Trump told his dad that he could work on other Trump projects in the future.

“Wait a minute,” Paul Friel said, recalling his family's reaction to his dad’s account of the meeting. “Why would the Trump family want a company who they say their work is inferior to work for them in the future?”

“We have hundreds of millions of dollars of construction projects underway. And we have, for the most part, exceptional contractors on them who get paid, and get paid quickly. But it would be irresponsible if my father paid contractors who did lousy work. And he doesn’t do that.”

Thats easy--If you can shaft them once--you can no doubt shaft them again

[skid]

Just to throw a curve ball,although it may seem blatantly obvious---Has anyone considered the effect on the market of a Pence presidency?(by peaceful means of course)

[Stranger_Danger]

Just to throw a curve ball,although it may seem blatantly obvious---Has anyone considered the effect on the market of a Pence presidency?(by peaceful means of course)

Yes, and not by peaceful means.

A Pence presidency - with newly appointed Peter Thiel nearby - would deliver a far right Presidency, so far removed from what the "Rust Belt" voted for, as to be comical.

Do some reading on Pence and Thiel - they are basically the Rust Belt laid off autoworker's Anti-Christ!

[percy]

Trump last week.
Earthquake this week.
I guess I remain "well positioned" for next week?

[Lewylewylewy]

Earthquakes yesterday, floods in Wellington today. I checked the met service and apparently it's fiery fissures opening up in the earth tomorrow, which is great because it'll really dry the place out. Trouble is there's a Kraken attack scheduled for Friday, which will really disrupt trading in the CBD.

[couta1]

Earthquakes yesterday, floods in Wellington today. I checked the met service and apparently it's fiery fissures opening up in the earth tomorrow, which is great because it'll really dry the place out. Trouble is there's a Kraken attack scheduled for Friday, which will really disrupt trading in the CBD.

I'm about to launch my boat from my driveway to get to work here in Wellington.

[Lewylewylewy]

I'm about to launch my boat from my driveway to get to work here in Wellington.

are you in the Hutt?

[arc]

The Chinese backer for Faraday-Future, Electric car (still in development) has withdrawn support for a $1 Billion factory in Nevada. Looks like a $2 Billion factory will be built in China instead. Complex factors at play behind the scenes.

[arc]

Back in the late 1990's the term Irrational Exuberance emerged from discussions about the US economy (referring to the late 1970's early 80's economic decline after the heated growth phase immediately before).

I see the capacity for the present political environment over there to push public sentiment towards that direction. Trump really doesn't have a go-slow button, his view is that caution is for sissies. The outcome (for investors) is typically linked to the emergence of the boom-bust cycle.

To achieve a bust you first need the boom, the 2009 till now Bull run has been good, the potential for it to either continue or under Trumps leadership, kick into a higher gear and get going even faster will ultimately define how long this present cycle can last.

[arc]

How Trump could impact economic growth
http://www.morningstar.com.au/Video/...ic-growth/2656

Interesting read, the comments about "Buy American" are one side of the coin. If international trade partners are mishandled it could also have a tendency to backfire. Its still to early to have clarity on any of the core policies but when the focus comes onto infrastructure, one of the really interesting aspects will be "where" and for "who".


Another prompt (and not the only one found) for the "manufacture-it-at-home" scenario. Just another event in an ongoing list but another reason that many countries are feeling a bit sensitive about all-forms-of-communications.

https://www.cyberscoop.com/android-m...-blu-products/