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Stock Market Trend Forecast Oct - Dec 2019 by Nadeem Walayat

Donald Trump's HUGE $916m Tax Loss Equivalent to $300,000 Trillion!

ElectionOracle / US Presidential Election 2016 Oct 02, 2016 - 10:31 AM GMT

By: Nadeem_Walayat

ElectionOracle

Donald Trump often bangs on about how much debt the US has accrued to date and how is going to fix it. Yes, the government debt truly has mushroomed from $1 trillion in 1980 to nearly $20 trillion today. However, the New York times has given everyone a glimpse into Donald Trumps own personal financial affairs as the NYT has managed to get hold of Trumps 1995 tax return which shows a loss of $916 million for a single year! The NYT concludes that this effectively converts into Donald Trump not having paid any tax for 18 years. And this is just for one year, we can only imagine what any one of the Donald's other tax returns would show up in terms of paying zero tax.


If everyone in the United States followed Trump's business example then the US would have faced a $300,000 trillion dollar loss for a SINGLE year! Numbers that only people in the likes of hyperinflation Zimbabwe would understand. Which illustrates the magnitude of Donald Trump's ineptitude at business! TRULY, a PERSONAL business loss on such a scale in a single year is as the Donald would say AWSOMELY bad!, I like most business owners clearly understand that this guy Trump is no businessman. For instance, for every year I have been in business I have made a profit and paid taxes on, that is how one does business and not what the showman Trump considers to be business. So it looks like Trump has been putting on a reality show for decades before he appeared on the Apprentice, playing at being a big businessman!

So it is no wonder that Donald Trump will NEVER release his tax returns for they will reveal that he has PAID ZERO tax and probably has ZERO net worth! Trump is all smoke and mirrors that one day will blow up in spectacular style when he can no longer service his debts through revenue which has repeatedly happened to numerous such highly indebted characters in the past.

Following Donald Trump losing the first presidential debate the betting market odds (betfair) widened from 2.88 to 3.85 today, my most recent video analysis gave several suggestions of what Trump could do to reverse his losing position going into the second debate and where I warned of his Achilles heel being his tax returns and the Trump organisation that lacked financial transparency which if revealed could blow his chances of winning the election as illustrated by today's NYT story, as I am sure an army of journalists will now be intensifying their efforts to get their hands on more tax returns out of Trump Tower.

And see the following video for why Donald Trump lost the 1st debate to Hillary Clinton, which had her accusing Trump of not paying any paying any income tax to which Trump responded "That makes me smart". Whilst still refusing to release his tax returns, despite every presidential candidate since 1976 having done so.

As for my forecast for who most probably will win to become the next US President which is not based on the polls or odds then watch:

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2016 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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