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Re:Yield Curves Invert in U.S., U.K by empath75 on Wednesday August 14, 2019 @12:41PM (#20697258)
> the thought has always been that the president was using a high leverage negotiating strategy

Whose thought? The people who didn't know that trump was an incompetent nutjob?

Re:Yield Curves Invert in U.S., U.K by JeremyNT on Wednesday August 14, 2019 @01:09PM (#20697577)
Regardless of the man himself, historically the "deep state" (for lack of a better phrase) has so much inertia that radical changes (even if desired) by the White House end up moderated.

I think it's more correct to say that people are realizing that the old order under the president is gradually eroding and its moderating effects are weakening, which adds compounding risks (directly in the trade war stuff but also hidden ones that may be lurking as that erratic behavior starts more directly impacting all aspects of US policy).

Re:Yield Curves Invert in U.S., U.K by dobleboble on Wednesday August 14, 2019 @01:55PM (#20698107)
"federal government" is probably a better term than "deep state" unless you're intentionally trying to be inflammatory...
Re:Yield Curves Invert in U.S., U.K by ben_jones on Wednesday August 14, 2019 @02:07PM (#20698267)
I think the rational definition of Deep State is just the government “lifers” who stay in significant spheres of influence for most of their career. I.e. key defense, intelligence, financial, etc positions.
Re:Yield Curves Invert in U.S., U.K by dragontamer on Wednesday August 14, 2019 @02:17PM (#20698368)
The problem is that "Deep State" is a loaded term. You could very well argue that the N-word is a historically accurate (and Latin) way to describe African Americans.

Instead of using "Deep State", it might be better to say "Agency Directors", if you wanted to use neutral language. "Deep State" is loaded. Of course, its more popular these days to value-signal which side of an argument you're on, rather than appearing neutral...

In any effect, the people who use the word "Deep State" wish to imply that government workers have their own agendas. In my experience however, government workers overwhelmingly just want to do a good job with the task they've been assigned (much like any other human who are tasked with a job).

Re:Yield Curves Invert in U.S., U.K by thwythwy on Wednesday August 14, 2019 @08:55PM (#20701605)
The second sentence in your post is so alarmingly inappropriate that I can't focus on anything else.
Re:Yield Curves Invert in U.S., U.K by digitaltrees on Thursday August 15, 2019 @02:58AM (#20703170)
Why is it offensive. What is the word for the color black in Spanish? Does the color black have a negative connotation? Or did racist cultural attitudes turn what was a neutral term in to a highly charged weapon of oppression.

I think the OPs point was “deep state” has a deliberate, highly charged, negative connotation.

Don’t conflate the horrible reality of racism with the historical origin of a racial insult. The OP is merely using it as an example to illustrate how terms acquire meaning through time and social norms. Not excuse their existence.

Re:Yield Curves Invert in U.S., U.K by dragontamer on Thursday August 15, 2019 @09:11AM (#20704832)
The N word is simply the Latin word for black. It was probably used a lot by Latin, and maybe medieval age scholars to describe lots of things in a non-racist way. The issue is that MODERN racists have decided that the N-word is an insult to a subset of the community. As such, the N-word has become an insult.

My point is that words have meaning based on who uses the word. The N-word is used by racists and is now avoided by polite society (unless you wish to explicitly label yourself a racist)

"Deep State" is used by conspiracy theorists who wish to destroy government workers and their positions. Its a phrase that should be avoided unless you wish to paint yourself a conspiracy theorist.

Re:Yield Curves Invert in U.S., U.K by ryacko on Wednesday August 14, 2019 @02:28PM (#20698484)
So you don’t have to play ball in order to be cycled from public sector to private sector to high level government positions along with the attendant corporate lobbying to Congress on approving various government positions?

It’s a pipeline and someone has their hands on the valves.

Re:Yield Curves Invert in U.S., U.K by kaitai on Wednesday August 14, 2019 @05:45PM (#20700296)
I don't quite understand what you're trying to say. Could you elaborate?

For instance, in Washington DC there is certainly a pipeline from public to private to high level to lobbying to etc., but I think what the +parent posters is referring to encompasses the scientists at the EPA and the USDA, the doctors and nurses and managers at the VA, etc etc. They tend to get a job there after a bit of moving around and then stay 40 years. There is no trading out to private sector -- they generally get a gov't job because of a combined desire for altruism and good benefits and stability -- and the vast majority would never even be offered, much less accept, a lobbying position.

Source: family in such positions, who just want to examine and regulate the wastewater output of cheese factories in the heartland and go home after a good day's work. Said member was forced out of their job recently due to politics -- not "business-friendly" enough.

Re:Yield Curves Invert in U.S., U.K by ryacko on Wednesday August 14, 2019 @09:59PM (#20701967)
You do realize I’m replying to a post about how the more relevant term is “Agency Directors”?

Now you’re replying to me about high-level HR decisions biasing the processes of government agencies. I don’t think there is anything to elaborate?

Re:Yield Curves Invert in U.S., U.K by vinay427 on Wednesday August 14, 2019 @02:58PM (#20698788)
The "real" N-word is also similar to or identical to today's equivalents in Germanic languages (e.g. German, Dutch).
Re:Yield Curves Invert in U.S., U.K by lowdose on Wednesday August 14, 2019 @04:46PM (#20699782)
Also in Dutch you can't use the equivalent anymore. People of color take offense by it.
Re:Yield Curves Invert in U.S., U.K by legacynl on Thursday August 15, 2019 @05:34AM (#20703802)
They have always taken offense to it, we just used to not care.
Re:Yield Curves Invert in U.S., U.K by OJFord on Wednesday August 14, 2019 @04:53PM (#20699840)
It has a totally different meaning, but one that makes it much more common ('no but', iirc), so I had quite a surprise arriving at a Mandarin lesson one day!
Re:Yield Curves Invert in U.S., U.K by carlmr on Wednesday August 14, 2019 @04:37PM (#20699687)
At least in German it's not used anymore, since it sounds similar enough to the English version everybody knows.
Re:Yield Curves Invert in U.S., U.K by vinay427 on Wednesday August 14, 2019 @05:13PM (#20699998)
Right, sorry, I live in a German-speaking place so I'm aware. I was just trying to add that this form of it is far from unique to English and Latin.
Re:Yield Curves Invert in U.S., U.K by ashelmire on Wednesday August 14, 2019 @02:22PM (#20698413)
It's a term meant to slander professionals and imply that we should constantly rotate in the current political favorites into positions for which they are not qualified.
Re:Yield Curves Invert in U.S., U.K by koolba on Wednesday August 14, 2019 @06:01PM (#20700464)
Alternatively we should allow career professionals to act as a dampener on the will of the people when it does not align with their own views.
Re:Yield Curves Invert in U.S., U.K by ashelmire on Thursday August 15, 2019 @08:30AM (#20704542)
What exactly are you asserting? I get that you're reiterating the Trump talking point about "Deep State" nonsense, but the majority of people in this nation have voted for Democratic candidates in the last several elections, including both 2016 and 2018. If anything, the electoral college and gerrymandering are what dampen the will of the people.
Re:Yield Curves Invert in U.S., U.K by koolba on Thursday August 15, 2019 @12:28PM (#20706716)
The outcome of the electoral college is de facto the will of the people.

Similarly, any unelected bureaucrat working in the executive branch that pursues their personal agenda or tries to slow progress on the plans of the duly elected executive is de facto going against said will of the people.

Re:Yield Curves Invert in U.S., U.K by ashelmire on Monday August 19, 2019 @11:46AM (#20738778)
So let’s get what you’re saying: the will of the people is reflected in the person who got less votes winning, because of archaic rules created by ancient oligarchs?

That is cognitive dissonance of the highest order.

Re:Yield Curves Invert in U.S., U.K by cat199 on Wednesday August 14, 2019 @05:38PM (#20700232)
agree or disagree with the actual existence, but this definition ignores politically active people in politically important and politically connected non-governmental institutions e.g. media, finance, think tanks, unions, etc, which i think is implied by at least some when using this term..
Re:Yield Curves Invert in U.S., U.K by walshemj on Wednesday August 14, 2019 @04:08PM (#20699434)
Not really most of the senior civil service are political appointees in the USA.
Re:Yield Curves Invert in U.S., U.K by jjwhitaker on Wednesday August 14, 2019 @02:53PM (#20698739)
"Deep state" is a conspiracy theorist level term for some underground, underhanded Hoover/FBI style group that doesn't exist or is really just career officials, most of whom have left the administration especially the state department. This has left a massive shortage in expertise and qualified or cleared workers slowing down how the government can handle ongoing processes/projects and new issues like the many foreign policy blunders and embarrassments Trump and his often unqualified appointees have made.

The trade war is one such blunder that no responsible and informed person thought would do any good long term but was spun as a hard core negotiation tactic. Tariffs are import taxes charged mostly to residents and businesses in the home country or passed to the consumer by the importing firm. This short term harms everyone but could be the straw that pushes a close deal to be ratified. Unfortunately, we didn't have a close deal beyond the TPP and this wasn't a cooperative negotiation but one of necessity framed as USA vs China.

It was never a smart move and was recommended against by nearly all experts or those with experience in the matter and we have reached the logical conclusion of such policies to find that there is no deep state outside of conspiracy forums and our economic outlook and foreign policy is a dumpster fire as Trump is not rational but likely narcissistic and mislead or misinformed by his staff to ignore reality such as the looming economic crisis.

Re:Yield Curves Invert in U.S., U.K by joshlegs on Wednesday August 14, 2019 @04:41PM (#20699731)
hell, or even just good ole 'institutionalism'. "Deep state" sure does imply conspiracies afoot, and it's hardly such a thing. really it's just plain ole bureaucracy
Re:Yield Curves Invert in U.S., U.K by panarky on Wednesday August 14, 2019 @06:11PM (#20700558)
Yikes, this whole thread is so provincial.

Yes, the US president is an economic imbecile, but $50 billion dollars in tariffs is a drop in the ocean of the $100 trillion global bond market.

This is a much, much bigger deal than US politics or a US trade war.

Interest rates are negative on $15 trillion worth of debt. All German government bonds have negative rates, all the way out to 30 years.

Policymakers don't like to say the word "deflation" out loud, because even talking about it could make it happen.

But when the economy softens, and central banks have no more ammunition left to stimulate the economy, deflation could be the terrifying result.

Negative long-term rates are what you would expect in a deflationary economy. And, yes, you can have a deflationary economy even while some prices are increasing.

Re:Yield Curves Invert in U.S., U.K by digitaltrees on Thursday August 15, 2019 @02:48AM (#20703134)
Humans are susceptible to narratives and trends. Even if the total dollar amount is low if every business cuts spending by 10% “just to be careful in case things get bad” because they here a narrative that the trade war will reduce demand...their collective action will create a recession.
Re:Yield Curves Invert in U.S., U.K by mycall on Thursday August 15, 2019 @12:54AM (#20702682)
How does deflation affect all the stock buybacks happening? Under these conditions, are stocks a good place to keep your cash?
Re:Yield Curves Invert in U.S., U.K by justsee on Wednesday August 14, 2019 @05:52PM (#20700363)
Deep state is very much a thing: https://billmoyers.com/2014/02/21/anatomy-of-the-deep-state/

Dismissing it as a thing and calling it plain ole bureaucracy is quite a naive worldview.

Re:Yield Curves Invert in U.S., U.K by thwythwy on Wednesday August 14, 2019 @08:54PM (#20701599)
Bureaucracy does moderate the effects of political leaders in exactly the ways the markets expected. It's extreme to ascribe a "worldview," no less a "naive" one, and it's a failure to appreciate context that you'd cite Bill Moyers' usage of the term when most people here know we're talking about Breitbart's usage. They each describe very different processes, institutional actors, etc., and yes, Breitbart's usage is often coterminous with the administrative state. Bureaucracy.
Re:Yield Curves Invert in U.S., U.K by justsee on Wednesday August 14, 2019 @10:53PM (#20702199)
Excellent response.

You're right - I was responding to an imagined position in an unrelated / irrelevant political context, whereas a more careful reading makes it clear what we're discussing here is the moderating effects of bureaucracy.

My apologies for adding noise instead of considering contributions more carefully!

Re:Yield Curves Invert in U.S., U.K by Fomite on Wednesday August 14, 2019 @05:10PM (#20699977)
Or "civil service"
Re:Yield Curves Invert in U.S., U.K by rayiner on Wednesday August 14, 2019 @09:50PM (#20701926)
There is no such thing in the Constitution. “The executive Power shall be vested in a President of the United States of America.“ Contrast France’s Constitution, where there is a President (Title II) separate from the Government (Title III). To the extent there is a civil service trying to be independent of the President, “deep stars” is a colorful but not altogether inaccurate term.
Re:Yield Curves Invert in U.S., U.K by Fomite on Thursday August 15, 2019 @08:32PM (#20711087)
"For the purpose of this title— (1) the “civil service” consists of all appointive positions in the executive, judicial, and legislative branches of the Government of the United States, except positions in the uniformed services;"

5 U.S. Code § 2101. Civil service; armed forces; uniformed services

Re:Yield Curves Invert in U.S., U.K by rayiner on Thursday August 15, 2019 @10:17PM (#20711580)
That statute uses the term only as a descriptor for employment-related statutory provisions. It obviously cannot create an executive-branch "civil service" independent and autonomous from the President, when the Constitution expressly vests all executive power in the office of the President.
Re:Yield Curves Invert in U.S., U.K by scarejunba on Wednesday August 14, 2019 @02:32PM (#20698526)
I imagine that what they meant to refer to is what we remember as "the bureaucracy" (the system of career policy-makers), but that term now has the connotations of inefficiency etc.
Re:Yield Curves Invert in U.S., U.K by dsfyu404ed on Wednesday August 14, 2019 @02:45PM (#20698661)
Inefficiency alone is enough to be an effective damper of extreme change.
Re:Yield Curves Invert in U.S., U.K by throwaway2048 on Wednesday August 14, 2019 @02:59PM (#20698799)
And "deep state" brings out the lunatics.
Re:Yield Curves Invert in U.S., U.K by whatdoyouknow on Wednesday August 14, 2019 @03:25PM (#20699023)
True story:

Someone who is part of the supposed DC government told me straight up that he is a lunatic.

Re:Yield Curves Invert in U.S., U.K by walshemj on Wednesday August 14, 2019 @04:07PM (#20699422)
Also the inertia caused by having 52 states all with different laws probably has made for more of an impact.
Re:Yield Curves Invert in U.S., U.K by war1025 on Wednesday August 14, 2019 @04:25PM (#20699568)
52? When did we get two more?
Re:Yield Curves Invert in U.S., U.K by WorldMaker on Wednesday August 14, 2019 @05:04PM (#20699935)
Puerto Rico and the District of Columbia, perhaps? (Arguably both should have better seats at the table.)
Re:Yield Curves Invert in U.S., U.K by TaylorAlexander on Wednesday August 14, 2019 @04:50PM (#20699819)
Well there’s Wallobama and North Missifornia.
Re:Yield Curves Invert in U.S., U.K by repolfx on Wednesday August 14, 2019 @02:16PM (#20698361)
It's accurate. The Federal government in theory answers to the President or at least Congress. But the comment was discussing people in the government who work directly and quietly against government policy, to 'moderate' it. The notion of civil servants found many layers down the hierarchy who have their own agenda and ignore orders from the top is the notion of the deep state.
Re:Yield Curves Invert in U.S., U.K by benj111 on Wednesday August 14, 2019 @03:34PM (#20699111)
I don't think that's quite right.

If you're a civil servant in a department, you've worked there for years, you know why things are done the way they are, you know the pitfalls and the edge cases, you know the stake holders etc, etc, etc.

Some politician gets elected on a pledge to, eg, change the side of the road people drive on. Simple right? Set a date for next month as the switch over date, send a letter telling everyone, simple.

Except lane markings need changing, signs need changing, and most of those aren't directly under your control. Insurers are up in arms because all the cars are set up for driving on one side of the road. Some disability group is sueing because a proper safety study wasn't done, engineers can't guarantee that going on the off ramps and off the on ramps is safe, because they were never designed for that and theres 10000 other assumptions that were made on the basis of driving on one side of the road that are now invalidated, and its your job to point that out to your new boss.

Re:Yield Curves Invert in U.S., U.K by rebuilder on Wednesday August 14, 2019 @03:17PM (#20698954)
Not exactly, the "deep state" implies a co-ordinated organisation.
Re:Yield Curves Invert in U.S., U.K by munificent on Wednesday August 14, 2019 @02:11PM (#20698298)
I think what people have (I hope) learned in the past few years is that intertia is based on all participants respecting basic norms of political interaction. But if you let a participant in who doesn't respect those and has no concern for consequences, things can change very quickly for the worse.
Re:Yield Curves Invert in U.S., U.K by bertjk on Wednesday August 14, 2019 @02:20PM (#20698393)
I think the better phrase is simply "bureaucracy".
Re:Yield Curves Invert in U.S., U.K by IfOnlyYouKnew on Wednesday August 14, 2019 @02:26PM (#20698461)
Sure, or "institutional memory/inertia". Or "policy debt".

Or "the normative power of the factual".

Re:Yield Curves Invert in U.S., U.K by logfromblammo on Wednesday August 14, 2019 @05:44PM (#20700284)
When you finally fire (or force out by constructive dismissal) the last person stopping you from driving off the cliff, those precious seconds of freefall are not quite long enough to formulate a viable cliff-bottom recovery plan.
Re:Yield Curves Invert in U.S., U.K by jganetsk on Wednesday August 14, 2019 @06:28PM (#20700701)
I have always wondered if the "deep state" is just effectively a synonym for the US Constitution. Everyone working in the government has sworn an oath to the Constitution, not to Trump. Any perception of coordinated efforts unaligned with Trump could just be effects due to the masses in the government operating according to the Constitution.

Especially if you observe inertia and radical changes by the White House ending up moderated. That's by design and it's in the Constitution... and it's called "checks and balances".

Re:Yield Curves Invert in U.S., U.K by rwoodley on Wednesday August 14, 2019 @01:27PM (#20697783)
Trade is one area where the president can act independently and assertively regardless of any 'deep state' (if such a thing even exists). So this trade war was initiated by Trump and his inner circle of advisors. The trade war is not the only thing impacting the yield curve inversion, but it is a real factor.
Re:Yield Curves Invert in U.S., U.K by stone-monkey on Wednesday August 14, 2019 @03:21PM (#20698989)
>the "deep state" (for lack of a better phrase)

The deep state AKA someone watched Yes, Minister and wrote an American adaptation.

Re:Yield Curves Invert in U.S., U.K by polotics on Wednesday August 14, 2019 @12:43PM (#20697284)
It's not so easy to distinguish the drunken master from the drunk. They walk the same.
Re:Yield Curves Invert in U.S., U.K by tempguy9999 on Wednesday August 14, 2019 @12:47PM (#20697329)
Nicely put, but a real drunken master doesn't get repeatedly decked. Look at trump's financial record, that should have been quite enough (6 bankruptcies was it?)

Those who were fooled, were fooled because they chose to be.

Re:Yield Curves Invert in U.S., U.K by SkyBelow on Wednesday August 14, 2019 @12:55PM (#20697405)
Why should the number of bankruptcies matter if the person is still rich? It shows that they are using it as a tool, which might inform us we need to consider how bankruptcies work, but that doesn't make someone incompetent. If you want to see someone who is incompetent with money, look at lottery winners who within 5 years end up worse than before they won.
Re:Yield Curves Invert in U.S., U.K by WhompingWindows on Wednesday August 14, 2019 @03:55PM (#20699318)
1) There's little proof he was rich when he was running for President, he may well have been indebted to foreign powers at the time. The "under audit" story is clearly BS, what was he hiding?

2) His wealth was not created by himself, at any rate. He lied and said he inherited a small loan of a million, when in fact it was at least 2 orders of magnitude more than that. His father was the real smart businessman and his career has largely been failure upon failure.

3) He basically did win the lottery of being born to a wealthy father and squandered it all. How much did he squander is very hard to say when he himself covers up the details.

So yes, he is incompetent with money and business. He is competent with power, intimidation, and getting his way. That may have worked in the small pond of the 2016 election, but that is about the only place the man's been successful.

Re:Yield Curves Invert in U.S., U.K by blaser-waffle on Wednesday August 14, 2019 @02:53PM (#20698736)
Is he still rich? The fact that he still hasn't released his taxes raises a lot of questions.

Mark Cuban speculated that he wasn't a billionaire, and maybe not even a 500-millionaire. He talked big and pushed the brand, because that's all he had.

His main claim to fame, nearest I can tell, is a mix of poorly run real estate, reality TV, schlepping shit tier steaks, and his online university that got sued out of existence.

Re:Yield Curves Invert in U.S., U.K by duderific on Wednesday August 14, 2019 @05:22PM (#20700075)
He was all but done for before The Apprentice success. That allowed him to parlay his name into a few successful licensing agreements, which salvaged what would have otherwise been a complete collapse.
Re:Yield Curves Invert in U.S., U.K by hodder on Wednesday August 14, 2019 @03:22PM (#20698999)
I mean, 500 million is still pretty damn rich in my books. Sure he inherited it all, and has poorly managed the rest, but he is still rich by any normal person's metrics.
Re:Yield Curves Invert in U.S., U.K by pesmhey on Wednesday August 14, 2019 @01:03PM (#20697517)
The Russians bailed him out and he’s been in their pocket ever since. In this particular case, that’s why the number of bankruptcies matter.

In general, I agree with you.

Re:Yield Curves Invert in U.S., U.K by bduerst on Wednesday August 14, 2019 @01:41PM (#20697937)
Not sure why you're being downvoted, because you are correct. The president's repeated bankruptcies and inability to get a bank loan forced him to get funding from Russian oligarchs through Deutsche bank's private equity arm: https://www.wsj.com/articles/banks-give-documents-possibly-l...

There's a good Planet Money podcast on it as well: https://www.npr.org/2019/05/22/725893104/episode-914-trump-a...

It is also why the Trump family has preemptively sued Deutsche bank in an attempt to seal records and obstruct any investigation.

Re:Yield Curves Invert in U.S., U.K by fredophile on Wednesday August 14, 2019 @02:49PM (#20698693)
How rich is he really? There is a lot of evidence that he has a long history of inflating his wealth and achievements. Combine this with his refusal to disclose financial info and I think that provides plenty of reason to doubt his current claims.

Other tools he's used include hiring undocumented immigrants for construction and then not paying them and refusing to pay contractors that worked on his buildings. He maintains his wealth by making deals and then refusing to pay when the bill comes. The bankruptcies are just a part of this pattern of behaviour.

Re:Yield Curves Invert in U.S., U.K by jimmaswell on Wednesday August 14, 2019 @01:03PM (#20697512)
It's a bit different when someone is repeatedly bailed out by a richer parent.
Re:Yield Curves Invert in U.S., U.K by ethbro on Wednesday August 14, 2019 @01:37PM (#20697900)
How's that different than being repeatedly bailed out with VC money?
Re:Yield Curves Invert in U.S., U.K by bduerst on Wednesday August 14, 2019 @01:43PM (#20697969)
Nepotism vs. Meritocracy (or at least a rationalized investment)
Re:Yield Curves Invert in U.S., U.K by ethbro on Wednesday August 14, 2019 @01:50PM (#20698054)
The VC game seems a bit more... suspect than to clearly label it as a meritocracy. Particularly for serially bankrupt founders.
Re:Yield Curves Invert in U.S., U.K by bduerst on Wednesday August 14, 2019 @02:09PM (#20698279)
VC firms still rationalize it though. Also, how many serial bankrupt founders keep getting investments from the same VC?
Re:Yield Curves Invert in U.S., U.K by yourbandsucks on Wednesday August 14, 2019 @01:42PM (#20697947)
I don't think anyone's claiming that's something to aspire to either.
Re:Yield Curves Invert in U.S., U.K by xiphias2 on Wednesday August 14, 2019 @01:38PM (#20697911)
He used it as a tool, the companies became bankrupt, he got rich.

I imagine he will get rich even if U.S. goes through a bankrupcy.

Re:Yield Curves Invert in U.S., U.K by hedora on Wednesday August 14, 2019 @02:12PM (#20698320)
He didn’t “get” rich. He was born rich. He would have much more money today if he had passively invested it. The man is a managerial train wreck that’s been consistently burning untold wealth for 30+ years.

Much of what he has left was gotten by repeatedly breaking the law, and somehow only ending up with civil liability instead of criminal convictions.

Now he is actively wrecking the US economy and has somehow bullied the GOP into going along with it.

Re:Yield Curves Invert in U.S., U.K by throw0101a on Wednesday August 14, 2019 @02:28PM (#20698483)
> He didn’t “get” rich. He was born rich.

"If you want to be a Millionaire, start with a billion dollars and launch a new airline." -- https://en.wikiquote.org/wiki/Richard_Branson

If you start with a lot you can deplete much of it before you have only a little.

Re:Yield Curves Invert in U.S., U.K by duderific on Wednesday August 14, 2019 @05:24PM (#20700101)
"Somehow bullied" = the GOP is terrified of going against him, because his rabid base will drum anyone out of office who can be shown to be anti-Trump. After all, politicians' jobs are dependent on them getting elected.
Re:Yield Curves Invert in U.S., U.K by xiphias2 on Wednesday August 14, 2019 @02:26PM (#20698467)
I agree with you that passive investment would have got the same gains, but it's much easier to see in hindsight, it was not that easy to see beforehand.

He made money by burning other people and companies, but he came out quite well from it.

Re:Yield Curves Invert in U.S., U.K by throw0101a on Wednesday August 14, 2019 @02:32PM (#20698521)
Not being able to actively beat the market has been known since about 1973:

* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street

Bogle started Vanguard in 1975:

* https://en.wikipedia.org/wiki/The_Vanguard_Group

* https://en.wikipedia.org/wiki/Index_fund#Origins

Re:Yield Curves Invert in U.S., U.K by usefulcat on Wednesday August 14, 2019 @03:08PM (#20698880)
"Known", yes, though probably not widely so. As I understand it, passive investing was generally considered a bad or at least risky idea at the time Vanguard was created.
Re:Yield Curves Invert in U.S., U.K by leereeves on Wednesday August 14, 2019 @03:09PM (#20698891)
He started 500 businesses, 6 went bankrupt.
Re:Yield Curves Invert in U.S., U.K by bduerst on Wednesday August 14, 2019 @03:57PM (#20699335)
It takes $100 and thirty minutes to start a business so that metric is useless. If anything, that many shell corps is suspect for money laundering, not business prowess.
Re:Yield Curves Invert in U.S., U.K by leereeves on Wednesday August 14, 2019 @06:33PM (#20700729)
Money laundering? Creating a corporation or LLC for each property is standard practice in the real estate business.

> ... usually, every investment property should be owned by a separate limited liability company that owns only one property and that is not engaged in any other business activity. The reason is simple: to maximize asset protection.

https://www.keytlaw.com/azllclaw/asset-protection/how-many-l...

And you really shouldn't go throwing around spurious accusations like that without any evidence.

Re:Yield Curves Invert in U.S., U.K by learc83 on Wednesday August 14, 2019 @07:09PM (#20700950)
>Creating a corporation or LLC for each property is standard practice in the real estate business.

So which is it? He started 500 businesses, or he has a few businesses that are made up of multiple properties.

I have friends with a few dozen rental properties, all in separate LLCs. I wouldn't say they "started 50 businesses".

Re:Yield Curves Invert in U.S., U.K by leereeves on Wednesday August 14, 2019 @07:31PM (#20701083)
You can't have it both ways; those 6 bankruptcies are just properties too.

So with your wording you should say Trump owned 500 properties and 6 of them lost money. And like any real estate investor, when the properties lost money, Trump gave those 6 properties to the creditors.

But I think my wording is more accurate. Your friend's rental properties may not be individual businesses, but Trump Tower or the Taj Mahal are.

Re:Yield Curves Invert in U.S., U.K by learc83 on Wednesday August 14, 2019 @11:09PM (#20702265)
Trump Tower and Taj Mahal are real businesses. But most of trumps "businesses" aren't. They are just shell companies to hold assets.

The vast majority of his businesses have no customers, and no regular income. They aren't intended to make a profit--they're intended to protect an asset from the bankruptcy of his real businesses. There was never any chance that they would need to go bankrupt, so he gets no credit for them not going bankrupt.

Re:Yield Curves Invert in U.S., U.K by leereeves on Thursday August 15, 2019 @05:04AM (#20703689)
> The vast majority of his businesses have no customers, and no regular income.

Where do you get this? Is this just more BS with no evidence, like the money laundering accusation?

I haven't seen a complete list, but even Wikipedia has a list with a lot of businesses:

https://en.wikipedia.org/wiki/The_Trump_Organization

> they're intended to protect an asset from the bankruptcy of his real businesses

Even if you were right about Trump's businesses, corporations don't work like that. The stock can be taken in bankruptcy so they don't protect assets inside the corp from bankruptcy of the holder. They only protect assets outside the corp from bankruptcy of the corp.

Re:Yield Curves Invert in U.S., U.K by kelnos on Wednesday August 14, 2019 @03:32PM (#20699087)
Assuming Trump still is fairly rich (even if it's a much smaller rich than Trump would like to project), the fact remains that he is just not a very good businessman, and that he has held onto whatever money he does have in spite of his business acumen, not because of it.

Put another way, if I were given $100M by my dad back in the 40+ years ago, and managed to grow it to, say, $500M by today, that would be nice, but I wouldn't consider myself "good with money". And it looks like the real figure for Trump may be north of $400M[0], which makes even $1B -- if he has that today -- look not all that impressive.

We're talking about the US President here, someone we should feel comfortable with influencing/managing the fate of trillions of dollars. Trump is not that guy.

[0] https://www.nytimes.com/interactive/2018/10/02/us/politics/d...

Re:Yield Curves Invert in U.S., U.K by jacobolus on Wednesday August 14, 2019 @01:59PM (#20698170)
If a career grifter manages to skate free while leaving a heap of rubble behind, we should surely praise them for their ingenuity at extracting money from their workers, suppliers, investors, or customers. What mastery!
Re:Yield Curves Invert in U.S., U.K by starlust2 on Wednesday August 14, 2019 @02:06PM (#20698243)
Citation needed, and by that I mean his tax returns and financial statements.

The public at large does not know how much Trump is worth because he won't disclose much of anything.

Re:Yield Curves Invert in U.S., U.K by SkyBelow on Wednesday August 14, 2019 @02:12PM (#20698319)
If you want to play that game, then citation needed that he went bankrupt and I only take his tax returns and financial statements.

See how this level of discussion of not just demanding a citation, but then limiting what citations you accept to an extremely small set of documents isn't constructive?

Re:Yield Curves Invert in U.S., U.K by tempguy9999 on Wednesday August 14, 2019 @02:23PM (#20698430)
> If you want to play that game, then citation needed that he went bankrupt

It's a reasonable question, but 1 minute googling got this report https://www.buzzfeednews.com/article/kendalltaggart/here-are... with 3 of them viz.

    The Trump Taj Mahal Casino

    Trump’s Plaza

    The Trump Castle
Are these at least sufficient to convince you?
Re:Yield Curves Invert in U.S., U.K by SkyBelow on Wednesday August 14, 2019 @03:59PM (#20699364)
You missed the part where I was (sarcastically) demanding the proof in a specific form that I know the reader doesn't have. It is one thing to say [citation needed]. It is quite another to say [citiation needed and by that I mean his tax returns and financial statements].
Re:Yield Curves Invert in U.S., U.K by tempguy9999 on Wednesday August 14, 2019 @04:44PM (#20699767)
Here's the original question "The public at large does not know how much Trump is worth because he won't disclose much of anything"

What evidence in your view, other than his his tax returns and financial statements, is there to show his wealth? Because that's fundamentally what's being requested. I don't think those exact documents are needed if there are good alternatives. Suggest some alternatives.

Re:Yield Curves Invert in U.S., U.K by SkyBelow on Thursday August 15, 2019 @09:20AM (#20704905)
You are quoting only half of the post, particularly the half I wasn't responding to. Try quoting the other half. Also my claim is that he is rich, not some exact measure or level of wealth.

>What evidence in your view, other than his his tax returns and financial statements, is there to show his wealth?

You really think that you need tax returns to prove he is currently wealthy? Is that a consistent standard you apply to everyone? When someone says that Bill Gates is rich, do you request the same level of documentation before you believe it? Are you doubting the relevance of other indicators of wealth such as lifestyle and property holdings?

Re:Yield Curves Invert in U.S., U.K by tempguy9999 on Thursday August 15, 2019 @09:53AM (#20705191)
You're being obtuse. Original comment:

> The public at large does not know how much Trump is worth

So this is about HOW MUCH he is worth. Hence the request for docs quantifying it.

Then I say

> Suggest some alternatives

And you just snowjob with questions in return. I asked a question. Please answer it by stating what publicly available docs will show trump's wealth.

> Are you doubting the relevance of other indicators of wealth such as lifestyle and property holdings?

Irrelevant.

We want to know how much so as to judge his competency at business. Please answer, what public documents will show his wealth.

Also why are you so willing to assume he is a competent businessman without actual, audited financial evidence to back up his claims?

Re:Yield Curves Invert in U.S., U.K by tempguy9999 on Wednesday August 14, 2019 @01:03PM (#20697508)
I presume he became less rich by becoming bankrupt rather than more?

If he could have been richer by not being bankrupt then that would indicate competence to me.

Also daddy gave him $435 million IIRC. If everyone on HN had got that I suspect most of us would have done better.

Re:Yield Curves Invert in U.S., U.K by CamperBob2 on Wednesday August 14, 2019 @05:00PM (#20699905)
Why should the number of bankruptcies matter if the person is still rich?

Because money laundering is illegal?

Re:Yield Curves Invert in U.S., U.K by munificent on Wednesday August 14, 2019 @02:12PM (#20698317)
> Why should the number of bankruptcies matter if the person is still rich?

If.

Did Trump ever put more effort into anything in his campaign and Presidency than he put into preventing his tax returns from getting out?

Re:Yield Curves Invert in U.S., U.K by SkyBelow on Wednesday August 14, 2019 @02:15PM (#20698348)
Even if he is a lot poorer than he claims, he is still rich compared to what we normally consider rich vs poor. I'm not sure why we would suddenly change the baseline in this particular case.

If you want to claim he isn't as rich as he claims, then then I'm not disputing that at all (I haven't a clue), but to claim he isn't rich does not align with existing evidence without fiddling with how we define rich and poor in ways we don't otherwise fiddle with such definitions.

Re:Yield Curves Invert in U.S., U.K by DocSavage on Wednesday August 14, 2019 @03:22PM (#20698998)
The whole thread follows from a comment that the number of bankruptcies doesn't matter if he's rich. The point is not that he's rich. It's whether he's increased or decreased the fortune he was given. If he's given $413 million and now has less than that, he's not a good business man. Since we are blocked from all his finances, we don't know where he stands now, but the multiple bankruptcies and NYTimes investigation suggests he's not accumulated wealth more than spent it. https://www.nytimes.com/2018/10/02/us/politics/donald-trump-...
Re:Yield Curves Invert in U.S., U.K by munificent on Wednesday August 14, 2019 @03:15PM (#20698931)
Whether or not he is rich tells you little unless you subtract out the effect of all of his inherited wealth.

Having, say $300 million sounds like a lot. But if you inherited $700 million (as Trump likely did), having only $300 left today is a catastrophic failure.

Re:Yield Curves Invert in U.S., U.K by tzakrajs on Wednesday August 14, 2019 @02:06PM (#20698257)
Because he's a grifter who profits from other peoples losses.
Re:Yield Curves Invert in U.S., U.K by shitgoose on Wednesday August 14, 2019 @03:16PM (#20698939)
just 6 bankruptcies? that is pretty good rate for the number of businesses he started.
Re:Yield Curves Invert in U.S., U.K by asdf21 on Wednesday August 14, 2019 @12:58PM (#20697445)
There are strategic bankruptcies..
Re:Yield Curves Invert in U.S., U.K by tempguy9999 on Wednesday August 14, 2019 @01:09PM (#20697576)
Serious question: how do these work, and can you actually make money off. or can you only limit cash losses with them?
Re:Yield Curves Invert in U.S., U.K by bduerst on Wednesday August 14, 2019 @04:31PM (#20699626)
Only as a last ditch attempt to preserve some business assets and wipe out debt, after exhausting all other options to raise cash, improve sales, refinance, issue equity, restructure, or other normal business operations to keep the company operating.

And no, those six bankruptcies were not strategic, they were failures to operate a business. One bankruptcy is strategic, two a coincidence, six a signal of incompetence. The sheer number of shell corps he's founded and thousands of civil court cases points to exploiting investors through shady practices.

Re:Yield Curves Invert in U.S., U.K by basementcat on Wednesday August 14, 2019 @02:31PM (#20698518)
One strategy might be to start with a number of business entities; move "troubled assets" of all entities into a single entity and have that entity declare bankruptcy.
Re:Yield Curves Invert in U.S., U.K by asdf21 on Wednesday August 14, 2019 @05:57PM (#20700424)
You have multiple businesses, and sell assets between them... then bankrupt the lame ones.

Example: Business 1 buys a $1M piece of equipment with 30% down and 70% credit. After a couple years, and knowing that Business 1 is not that profitable anyway, the machine is sold to Business 2 for $150k, even though it's probably worth $700k still.

Business 2 makes $550k profit on the books. Business 1 files bankruptcy. The creditor loses their $250k outstanding loan. If the same owners own both businesses, they come out massively ahead.

Rinse / repeat with dozens (or hundreds) of businesses, some automated workflows and depreciation tables, credit line hacking, etc.

Re:Yield Curves Invert in U.S., U.K by learc83 on Wednesday August 14, 2019 @07:15PM (#20700985)
Can't the bankruptcy trustees come after the owner when they see that the machine was sold far below value? They do something similar in personal bankruptcy.
Re:Yield Curves Invert in U.S., U.K by yellowapple on Wednesday August 14, 2019 @07:55PM (#20701239)
Selling things below value is pretty typical in a liquidation/bankruptcy scenario, though.
Re:Yield Curves Invert in U.S., U.K by learc83 on Wednesday August 14, 2019 @10:55PM (#20702211)
Yeah but there are limits. If I'm about to go bankrupt and I sell my $700k house to my brother for $150k, the trustee isn't going to let me get away with that.
Re:Yield Curves Invert in U.S., U.K by Phlarp on Thursday August 15, 2019 @12:25AM (#20702573)
Those limits are dynamic based on connections / how many white shoe lawyers you are willing to fund.

An established real estate family will have plenty of room to shuffle assets and credit lines around in a favorable way within those limits... for a generation or two.

Re:Yield Curves Invert in U.S., U.K by nwalker85 on Wednesday August 14, 2019 @01:38PM (#20697902)
Trump has created 515 businesses and only 11 of them failed. That's a 98.64% success rate. He has a better track record than Elon Musk by an order of magnitude.
Re:Yield Curves Invert in U.S., U.K by throw0101a on Wednesday August 14, 2019 @02:57PM (#20698778)
By "businesses" do you perhaps mean "shell corporations"? :)
Re:Yield Curves Invert in U.S., U.K by simtel20 on Wednesday August 14, 2019 @01:47PM (#20698007)
Citation? In what business did he see more success than Elon Musk?
Re:Yield Curves Invert in U.S., U.K by kickopotomus on Wednesday August 14, 2019 @01:43PM (#20697965)
Citation? What 515 businesses did he create?
Re:Yield Curves Invert in U.S., U.K by phat_gopher on Wednesday August 14, 2019 @02:20PM (#20698399)
Re:Yield Curves Invert in U.S., U.K by kickopotomus on Wednesday August 14, 2019 @03:57PM (#20699341)
Ah, now nwalker85's comment makes more sense although it is patently false. A more accurate assessment is that Trump has been associated with 515 business entities. The vast majority of those entities are shell corporations or LLCs meant to (as the name implies) limit liability.

He did not create 515 for-profit businesses.

Re:Yield Curves Invert in U.S., U.K by fredophile on Wednesday August 14, 2019 @02:55PM (#20698758)
How many of those are real businesses? If all the company does is hold a single asset, such as a private plane, or only has other Trump org companies as customers then it isn't a real business. I'll bet most of those companies exist solely to limit liability or for tax reasons.
Re:Yield Curves Invert in U.S., U.K by simplecomplex on Wednesday August 14, 2019 @01:01PM (#20697480)
Nope. Life is not a movie. There are no drunken masters. Being president isn’t a kungfu movie, even though Trump voters probably think it is.
Re:Yield Curves Invert in U.S., U.K by HillaryBriss on Wednesday August 14, 2019 @03:57PM (#20699336)
Right now it's a reality TV show. But, one day, a bright shining star will make it into a Kung Fu movie. And I believe! #JackieChan2024
Re:Yield Curves Invert in U.S., U.K by AlexCoventry on Wednesday August 14, 2019 @08:44PM (#20701539)
Re:Yield Curves Invert in U.S., U.K by HillaryBriss on Wednesday August 14, 2019 @09:00PM (#20701633)
right. exactly. after China buys the US, Jackie Chan becomes president.
Re:Yield Curves Invert in U.S., U.K by _bxg1 on Wednesday August 14, 2019 @05:16PM (#20700025)
Worse than incompetent, he's enormously impulsive.
[dead]
Re:Yield Curves Invert in U.S., U.K by mwfunk on Wednesday August 14, 2019 @01:06PM (#20697556)
WRT making billions of dollars, clearly he didn't. WRT getting elected, he got 3mil fewer votes than his opponent, so you can thank the dysfunction of the EC. WRT to the votes he did get, it's pretty obvious- people dumber than he is, who are apparently blind to seeing his completely obvious con artist act and voting for him, that's how. By completely obvious I mean, the-sky-is-blue, 1+1=2 obvious.

That's how obvious it is that he's a bullshitter and a useful idiot for a lot of shitty people, and has no idea how anything works, and basically has the intellect and integrity of a first grader. Downvote me all you want everyone, but that's the truth. Every downvote I will take with great, great pride. If you voted for him, you're even dumber (or more selfish, if you think of him as your own useful idiot) than he is.

I have had a lifelong problem with constantly doubting my own perceptions about things, and always thinking that I can never be 100% certain about anything, and being hypervigilant about my own potential sources of bias and irrationality and unreliable information, but multiple years into this thing I have no choice but to admit that everything I wrote above is just plain true. It's not rocket science, it's not brain surgery, it's not even grade school arithmetic. It's OBVIOUS, and if someone doesn't see it after all these years they either don't pay attention or are as bad or worse than he is. Or they're literally children who are just that sheltered and naive about other people and the world and how it works.

Re:Yield Curves Invert in U.S., U.K by refurb on Wednesday August 14, 2019 @01:39PM (#20697914)
You might want to consider the idea that people who disagree with you politically might in fact not be dumb, but just have views that differ from yours.

Just a thought.

Re:Yield Curves Invert in U.S., U.K by tunesmith on Wednesday August 14, 2019 @01:49PM (#20698040)
Philosophical question - why is that important to know? What added value is discovered by realizing your opponent's conclusion is not based off of bad facts or faulty reasoning, but different values?
Re:Yield Curves Invert in U.S., U.K by NikolaNovak on Wednesday August 14, 2019 @02:20PM (#20698394)
Practical answer - how you engage is radically different.

My math prof likened it to the axiomatic frameworks: if a person has bad facts or faulty reasoning, but your core axioms (values) are similar, you are more likely to come to a point of mutual agreement or at least understanding. If your values (axioms) are radically different, chances are your entire frameworks are different and possibly incompatible. You'll be talking past each other, discussing methods while in fact your goals and assumptions are completely different.

Philosophical answer - depends on your philosophy and how you feel about philosophical zombie - i.e. is it only outward results or internal causes that make a difference to you.

Re:Yield Curves Invert in U.S., U.K by tunesmith on Wednesday August 14, 2019 @02:58PM (#20698797)
Thanks. I'm also toying with the idea that it means that realizing it's about values could possibly engender greater respect for the other's conclusions. Because at least then the person isn't "wrong".

Although maybe that's only true if you find their values tolerable. Otherwise I suppose the advantage is in knowing you'll have to start strategizing if the conclusions from their values are incompatible with yours.

Either way it does seem valuable to know the other person's complete reasoning, just trying to quantify as many reasons why as possible.

Re:Yield Curves Invert in U.S., U.K by refurb on Wednesday August 14, 2019 @02:02PM (#20698208)
How can you fully defend/understand your own beliefs if you don't fully understand your opponents beliefs?

It's pretty arrogant to assume there is only one way to look at things - your way.

Re:Yield Curves Invert in U.S., U.K by tunesmith on Wednesday August 14, 2019 @04:44PM (#20699771)
That is interesting, how does understanding your opponents beliefs make you more fully able to understand your own beliefs? I would think it possible to fully understand one's own argument about something, without understanding all possible counterarguments.
Re:Yield Curves Invert in U.S., U.K by war1025 on Wednesday August 14, 2019 @04:29PM (#20699608)
Because seeing the world differently is different from being malevolent.

If someone is acting malevolently, then you can rationalize basically anything with regards to hurting them or their well-being.

If someone just views the world differently, you will be annoyed by them, but probably not able to rationalize to yourself that they should not exist.

Re:Yield Curves Invert in U.S., U.K by AlexCoventry on Wednesday August 14, 2019 @01:55PM (#20698110)
It makes you more persuasive. You can align your arguments to their values.
Re:Yield Curves Invert in U.S., U.K by eclipxe on Wednesday August 14, 2019 @04:38PM (#20699696)
What if they have no values/their views are not based in anything rational or rooted in fact?
Re:Yield Curves Invert in U.S., U.K by tunesmith on Wednesday August 14, 2019 @04:43PM (#20699746)
I think the part after your slash is a different case than them having correct facts and reasoning, just with different values. In your after-slash case they are "wrong". You're looking at how to have them accept facts and correct their reasoning.

The first part is interesting, but ultimately, if their conclusions were based only on facts and reasoning, their conclusions would only be limited to the area of facts, "is" statements. They would not be able to derive ought/should statements. (If you believe in Hume's Guillotine.)

Re:Yield Curves Invert in U.S., U.K by NikolaNovak on Wednesday August 14, 2019 @01:55PM (#20698116)
Not the OP, but while I'll agree with your sentiment in general, it's a bit straw man argument in this particular case.

I'm generally of liberal persuasion. I did not agree with almost anything that our Canadian previous conservative prime minister did... but I respected him. I thought he was intelligent, effective, and thoughtful. I didn't like that he was effective and productive about things I disagreed with, but I'd shake his hand and I can imagine having a thoughtful conversation and learning something, even if my mind may or may not be changed.

On the other hand, in theory, I "agree" with many of the things Michael Moore for example is fighting for. But I do not respect him, and I cannot watch more than 2 minutes of his programs before wanting to yell at the TV. Certainly, I wouldn't elect him. He is a propagandist, he cherry picks data, and presents a skewed picture. Ann Coulter or Glenn Beck or Michael Moore or Al Franken (the pundit; he may or may not have been more honest as a politician, but his prior books were awful) - it's not a matter of how much I agree with them, but that I find them all fundamentally dishonest.

Which brings us to Trump - my biggest concern is not that I disagree with him (which I do). It's that I have no respect for his mental faculties, honesty, abilities, consistency, beliefs, values, thoughtfulness, or any of the characteristics some of us believe a head of state should have. Further, I think not only is he doing a disfavour for those who disagree with him, I think he's doing a disfavour for those who agree with him / voted for him.

At the end of the day, I may disagree with somebody about what's the best colour to paint the room; I may disagree with somebody on what the best way to fix a education system is, or even what its goals should be; I may disagree on budget priorities, on a country's role in the world, and so on. There's fascinating discussion, debate and learning to be had with people of opposing opinions.

But if somebody wants to buy a bridge somebody's selling them, enroll in a cult, or jump out of an airplane without a parachute thinking it'll end well for them, dunno... I don't think it's in the "difference of opinion" category :|

Re:Yield Curves Invert in U.S., U.K by specialist on Wednesday August 14, 2019 @02:58PM (#20698787)
I now doubt IQ, values, beliefs are even a factor.

A relation of mine went from studying marine biology to full on fundie. Creationism, climate denial, etc. Huge Trump supporter too, of course.

Can any one explain to me how a one time scientist now doubts evolution?

Re:Yield Curves Invert in U.S., U.K by watersb on Thursday August 15, 2019 @01:12AM (#20702746)
Intelligence amplifies a person's ability to construct a narrative that feels like a good fit to lived experience.

Complicated plot. It's all interconnected...

Re:Yield Curves Invert in U.S., U.K by asdf21 on Wednesday August 14, 2019 @05:42PM (#20700265)
It's a belief system that is naturally selected for, for one thing.

How many liberal atheists do you know with 4+ kids, versus conservatives?

Re:Yield Curves Invert in U.S., U.K by redler on Wednesday August 14, 2019 @06:07PM (#20700516)
Ah yes, the Idiocracy[1] effect.

[1] https://en.wikipedia.org/wiki/Idiocracy

Re:Yield Curves Invert in U.S., U.K by asdf21 on Wednesday August 14, 2019 @06:23PM (#20700658)
is being a genetic dead end really all that smart though?
Re:Yield Curves Invert in U.S., U.K by AlexCoventry on Wednesday August 14, 2019 @10:54PM (#20702209)
Species evolve into local optima all the time. Clonal reproduction is a common evolutionary dead end.
Re:Yield Curves Invert in U.S., U.K by yourbandsucks on Wednesday August 14, 2019 @01:44PM (#20697979)
OP is talking about a public figure, not an ideology or policy.
Re:Yield Curves Invert in U.S., U.K by refurb on Wednesday August 14, 2019 @02:03PM (#20698223)
WRT to the votes he did get, it's pretty obvious- people dumber than he is, who are apparently blind to seeing his completely obvious con artist act and voting for him, that's how.
Re:Yield Curves Invert in U.S., U.K by yourbandsucks on Wednesday August 14, 2019 @02:53PM (#20698729)
Talking about people's opinions of an individual, not of a policy...
Re:Yield Curves Invert in U.S., U.K by 15155 on Wednesday August 14, 2019 @05:06PM (#20699953)
> people dumber than he is, who are apparently blind to seeing his completely obvious con artist act and voting for him, that's how.

Or, you know, people who didn't want to see Supreme Court seats go to the extreme left for the rest of their lives.

Re:Yield Curves Invert in U.S., U.K by chronic849a on Wednesday August 14, 2019 @01:48PM (#20698019)
> it's pretty obvious- people dumber than he is, who are apparently blind to seeing his completely obvious con artist act and voting for him, that's how.

Bay area engineer here. Did Google for a few years, did a B2B startup, acquired by FANG, now lead a team of 30. Good relationships with family and physically fit.

I voted for Trump. Statistically, I'm not dumb.

Re:Yield Curves Invert in U.S., U.K by redler on Wednesday August 14, 2019 @06:09PM (#20700539)
Can you talk a bit about how you came to that choice?
Re:Yield Curves Invert in U.S., U.K by sergius on Thursday August 15, 2019 @08:27AM (#20704527)
I've noticed that that a few acquaintances with the same trend... they like to take risks and optimize locally rather than globally. Not dumb but just narrow focused like most of us in technical areas.
Re:Yield Curves Invert in U.S., U.K by manigandham on Wednesday August 14, 2019 @05:50PM (#20700341)
> he got 3mil fewer votes than his opponent, so you can thank the dysfunction of the EC

Why is the electoral college dysfunctional when it goes against the popular vote, even though it's designed to be able to do so? This has happened several times before without issue.

Not all Trump voters are "people dumber than he is". That's a ridiculous generalization and little more than morally-superior posturing. People are much more complicated with their choices then you may believe.

Re:Yield Curves Invert in U.S., U.K by mikedilger on Wednesday August 14, 2019 @06:43PM (#20700795)
TL;DR : Trump is a 'mixed bag' but for right wingers the cost-benefit analysis surpassed that of Hillary Clinton, even though there were heavy costs.

I'm not sure we should be delving into politics on hacker news. But if it's okay for the goose, allow the gander to retort.

I hear you expressing your frustration and believe me I am fully aware that many Americans are very frustrated. Especially people on the left who have suffered a series of depressing defeats. On an emotional level, I'm worried and empathetic.

I think you are correctly recognizing certain behavioral characteristics of Trump that are unpleasant and possibly harmful such as lies, bragging, and narcissistic behavior. Many (probably most) people on the right who voted for him also see those characteristics. They are as you say "completely obvious." It is not that people on the right are "blind." So the question is why did they vote for him anyway? Why wouldn't these characteristics rule him out?

Your conclusion is that they are (if not blind) dumb. That might be true for some people, but it cannot possibly explain it for everybody. Take myself for example. I have had my IQ tested three times, and the lowest value was 147. I would say that objectively speaking I am not dumb. I must qualify this with the fact that I was a child all three times so there was a correction factor involved which would not apply now, so my IQ is probably lower today. I hate to put this paragraph in because it sounds like bragging, but I need evidence to demonstrate my point.

Here is part of the answer to the mystery we are presented with:

  1) Trump did in fact do very well in business, contrary to various articles that argue he would have done better in the S&P500.
     Their calculations are off because they don't value his business as a going concern, did not apply top tax rates to the
     dividends, and often picked the market bottom which is unfair as nobody can time the market. The methodology was flawed
     because it is a sector comparison (stocks to real estate). The conclusion is flawed because it presumes being on par with
     the S&P500 is what "any idiot could do in an index fund" but the proper conclusion is "being on par with the very best
     companies" because it's not sharing in someone else's created wealth, it's actually creating the wealth.
     EDIT: I forgot to add, they completely ignored expenses.
  2) Trump's lies are mostly inconsequential bragging. Everyone can see through them. Successful deception would actually be
     damaging, but unsuccessful "first grader stuff" isn't damaging because we can all see through it.  We know full well why
     he lies in most cases (narcissism or negotiation, in both cases we are okay with it). Also, we like that he just says what
     he thinks openly rather than being careful with his words which makes us suspicious of dececptions that we might not be able
     to detect.
  3) He has openly promised things that right-wingers want and have been pounding the table about for generations.  And we believed
     he was serious about it and wouldn't let politics or being politically correctness get in the way.  We were right, he didn't.
     He just storms ahead damn-the-torpedoes, ignoring the news, ignoring the 'game'.  Most republicans would have restrained
     themselves based on political chicanery.  Right-wingers love it and left wingers hate it because he is "unmitigated."
I'm going to stop there because I don't want to write a diatribe.
Re:Yield Curves Invert in U.S., U.K by megaremote on Wednesday August 14, 2019 @08:15PM (#20701349)
> Take myself for example. I have had my IQ tested three times, and the lowest value was 147. I would say that objectively speaking I am not dumb. I must qualify this with the fact that I was a child all three times so there was a correction factor involved which would not apply now, so my IQ is probably lower today.

What you say is a great explanation, and makes sense, but then you go on about IQ as if it means something?

Re:Yield Curves Invert in U.S., U.K by mikedilger on Wednesday August 14, 2019 @09:33PM (#20701828)
Thanks for the first part of your comment. I assume you are arguing that being "dumb" is not coorelated with IQ because IQ isn't meaningful. If so, I politely disagree but I'm not motivated to take on that argument.
Re:Yield Curves Invert in U.S., U.K by fuzz4lyfe on Wednesday August 14, 2019 @01:08PM (#20697572)
If your enemy is incompetent and he eludes you are every turn, what does that make you?
Re:Yield Curves Invert in U.S., U.K by vharuck on Wednesday August 14, 2019 @06:37PM (#20700752)
Somebody who focused on making progress alongside professionals instead of "winning fights" at taxpayers' expense.