rockdoc123 wrote:Given that Trump doesn't have his money in a blind trust (which implies multi-year planning, BTW), not difficult to tip his sons that he'll have a positive or negative tweet of substance re China on day X, and let them buy some options (say S&P 500 short term options near the money) for nice profits at relatively low risk when the market moves X hundred points in response to the tweets, frequently.
You don't think that the SEC and the rabid left aren't watching his every move? If any of the former Trump related companies bought or sold stock anywhere near any of these tweets and was seen to profit from it the SEC would be all over them.
I'm neither a fan nor a hatter but I don't think he is that stupid.
You might be right, but given the general incompetence of the SEC and government in general, and given all the various shenanigans (I love that word) that Trump has a history of re taxes, etc. -- let's just say it wouldn't surprise me at all.
For example, do you really think the rabid left has a CLEAR picture of ALL of Trump's assets? Including, for example, foreign trusts which he doesn't disclose, or all his complex tax structures? Frankly, I'd be AMAZED if they did.
To get such a picture, good forensic accountant(s) would need a GOOD look at ALL his REAL books for quite a while. GIven the fight with Trump over simply disclosing income taxes, somehow, I don't think anything CLOSE to that sort of examination has happened.
There are also much more complex and non-obvious financial structures to use besides something simple I used for an ease-of-understanding example like S&P 500 options. Given how far behind the times the SEC is (see Flash Boys book, for example), it wouldn't surprise me if they wouldn't even have lots of those on its radar, even if it could find the transactions.
So am I confident my speculation here is correct? No, of course not. But do I think there's a good possibility of that, given Trump's track record? Yes, I do, or I wouldn't have suggested it.
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Thanks, by the way, for disagreeing with me without any vitriol, name, calling, etc. This site would be so much better if people could disagree on different ideas and discuss them, like adults. I think we'd all likely learn more in such an environment, over time.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.