After the past several weeks, the economy worries me quite a lot. I read a story recently that auto loans have hit a new high, especially among subprime borrowers. We’re at $1.1 trillion in auto debt and counting. My student loan business also gives me a first hand look at the mounting but slow boiling student debt crisis. I believe we’re currently at $1.5 trillion in student debt in this country. To top it off, Snapchat just put out an IPO at a $24 billion valuation, and that seems like it’s too low since the price went from $17 a share to $24 a share in initial trading. Call me negative nancy, but the economy doesn’t feel good to me right now. Continue reading “The Economy is Starting to Worry Me”
Tag: Donald Trump
Warren Buffett is the Greatest Tax Dodger of All Time
Warren Buffett is one of the most brilliant investors of all time. I personally admire him, so when someone as nasty as Donald Trump attacks him as he did in the second presidential debate, I want to come to the defense of the Oracle of Omaha. After all, Trump loves to make outrageously inaccurate accusations. However, one charge Trump leveled in the debate Sunday actually holds some water. He accused Warren Buffett among others of dodging taxes just like he does. Buffett responded that he had paid taxes since 1944 when he was a young teenager. THE TRUTH: Warren Buffett is the greatest tax dodger of all time. Continue reading “Warren Buffett is the Greatest Tax Dodger of All Time”
How Trump’s Implosion Will Affect His Finances
Donald Trump is not even close to being worth “10 BILLION DOLLARS.” In fact, I’ve long held the position that he is running for President to personally enrich himself and to intentionally lose. The key to his strategy is increasing the value of the Trump brand. Unfortunately for him, this strategy took on water after the release of a tape with him making vulgar comments about women. Trump’s implosion will affect his finances, just not completely in the way you might think. Continue reading “How Trump’s Implosion Will Affect His Finances”