SoftBank’s Son Pledges $50B investment in U.S. After Trump Meeting

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takiat

Junior Member
Jun 3, 2015
23
1
36
agent00f said:
Your parents must've been relatively well off to afford those schools.
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Dad was military NCO, mom was public school teacher so we didn't have all this money you seem to think we had. Also, how many silver spoon kids had newspaper routes?? Really? Yeah i was any too just like my dad. So no Harvard Spoon fed school to blame my personal responsibility on. Just good old fashioned hard work. Should try it...

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agent00f

Lifer
Jun 9, 2016
12,203
1,243
86
takiat said:
Dad was military NCO, mom was public school teacher so we didn't have all this money you seem to think we had. Also, how many silver spoon kids had newspaper routes?? Really? Yeah i was any too just like my dad. So no Harvard Spoon fed school to blame my personal responsibility on. Just good old fashioned hard work. Should try it...

Sent from my SM-G935T using Tapatalk
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A real shame the gubmint had to get up all in their business.
 
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agent00f

Lifer
Jun 9, 2016
12,203
1,243
86
Matthiasa said:
Net income is $24.4B for JPMorgon Chase vs $4.2B for SoftBank Group
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Except income is not revenue. You can use the tool just linked to discover the difference. In any case the point is SoftBank is surprisingly massive, and using bank assets as a basis of comparison is unkind.
 
nerp

nerp

Diamond Member
Dec 31, 2005
9,865
105
106
Announced in Oct. Trump lying again. He had nothing to do with this.
 
Sunburn74

Sunburn74

Diamond Member
Oct 5, 2009
5,076
2,635
136
takiat said:
No, i work hard for the money i recieve. If i don't produce results, i don't get to keep getting the level of money i receive for my contribution to the company.
I am personally responsible and not accepting anyone subsidizing me.

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This concept is one of the worst and stupid myths (I would even call it an outright lie) that for reasons unclear runs rampant through our society. There is zero evidence that "if you work hard, you will succeed more likely than not". People are working hard. In fact people are working harder than ever (if you look at metrics like weekly hours worked or how many people have multiple jobs) to simply maintain their current position in society.

The bulk of wealth in this country is actually generational and class mobility is extremely hard, not easy. When trump talked about economic rigging there actually is a lot of truth to that. This is one of the reasons why getting rid of the estate tax only further propagates inequality because it allows for continued consolidation of generational wealth.
 
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N

nageov3t

Lifer
Feb 18, 2004
42,808
83
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I'm sure their motivations were purely making America great again, and it has nothing to do with the fact that Trump will be appointing the regulators who will have the authority to push through their acquisition of TMobile.
 
bshole

bshole

Diamond Member
Mar 12, 2013
8,315
1,215
126
Sunburn74 said:
This concept is one of the worst and stupid myths (I would even call it an outright lie) that for reasons unclear runs rampant through our society. There is zero evidence that "if you work hard, you will succeed more likely than not". People are working hard. In fact people are working harder than ever (if you look at metrics like weekly hours worked or how many people have multiple jobs) to simply maintain their current position in society.

The bulk of wealth in this country is actually generational and class mobility is extremely hard, not easy. When trump talked about economic rigging there actually is a lot of truth to that. This is one of the reasons why getting rid of the estate tax only further propagates inequality because it allows for continued consolidation of generational wealth.
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We can thank Bush for the gutting of the estate tax. That was one of his top 5 worst moves as president (in a sea of truly horrible moves). I sincerely hope Trump does not compete with him for the crown of worst president in American history.
 
FIVR

FIVR

Diamond Member
Jun 1, 2016
3,753
911
106
Doc Savage Fan said:
Dow Jones is up big today setting another record high...looks like Wall Street likes what it sees.
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The DOW is a collection of industrial stocks, it has nothing to do with soft bank and the main reason it's rising is speculation that Trump will completely deregulate the industry. NASDAQ is still floundering and tech stocks are nowhere near where they would be had HRC been elected. The market has priced in a 10-15% short because of Trump winning, and it is earning season... the NASDAQ normally sets records this time of year. Too bad we have an orange moron blabbering about tariffs and "doing something about that internet" to drag down our portfolios.


What I don't understand, is how the Trumpers can spin this as a bull market. It's not a bull market, and its far worse than we would've had, if Trump had lost.
 
Doc Savage Fan

Doc Savage Fan

Lifer
Nov 30, 2006
15,456
389
121
FIVR said:
The DOW is a collection of industrial stocks, it has nothing to do with soft bank and the main reason it's rising is speculation that Trump will completely deregulate the industry. NASDAQ is still floundering and tech stocks are nowhere near where they would be had HRC been elected. The market has priced in a 10-15% short because of Trump winning, and it is earning season... the NASDAQ normally sets records this time of year. Too bad we have an orange moron blabbering about tariffs and "doing something about that internet" to drag down our portfolios.


What I don't understand, is how the Trumpers can spin this as a bull market. It's not a bull market, and its far worse than we would've had, if Trump had lost.
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You live in a fantasy world if you think a Clinton victory would have had a better outcome for the stock market. The likelihood of her win was already baked into market expectations prior to November 8. The market has exploded since the Trump upset. And that includes the Nasdaq which is quite near its all time high. I don't know what you're smoking but it seems like it's some damn good stuff.
 
zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,732
31,095
146
Doc Savage Fan said:
You live in a fantasy world if you think a Clinton victory would have had a better outcome for the stock market. The likelihood of her win was already baked into market expectations prior to November 8. The market has exploded since the Trump upset. And that includes the Nasdaq which is quite near its all time high. I don't know what you're smoking but it seems like it's some damn good stuff.
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Wow, you must be the wealthiest man in the world to be able to know exactly how the stock market will react in every possible situation!

Why the fuck are you posting here when you should be swimming in your vault of 80 trillion dollars?
 
zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,732
31,095
146
Man, I love how Trump now gets credit for old shit that already happened. Guess that means Obama is still responsible for all the bad shit that will "suddenly" start happening a year from now?

Interesting times!
 
B

brycejones

Lifer
Oct 18, 2005
29,578
30,085
136
zinfamous said:
Man, I love how Trump now gets credit for old shit that already happened. Guess that means Obama is still responsible for all the bad shit that will "suddenly" start happening a year from now?

Interesting times!
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Obama caused the 2008 meltdown to.....
 
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