Davin News Server

AlleyCat <katt@gmail.com> wrote:
> 
> On Thu, 17 Apr 2025 21:27:48 -0500,  -hh says...  
> 
>> 
>> AlleyCat <katt@gmail.com> wrote:
>>> 
>>> On Thu, 17 Apr 2025 13:40:44 -0500,  -hh says...  
>>> 
>>>> 
>>>> FYI, quick follow-up:
>>>> 
>>>> Goldman Sachs is now reporting that the USA?s tourism revenue loss will be
>>>> $90B just in 2025.
>>> 
>>> Is that all?
>>> 
>>> Florida:
>>> "In 2023, Florida's tourism industry generated a total revenue of $131
>>> billion from visitor spending. This amount reflects a 5% 
>>> increase over the previous year, highlighting the state's continued
>>> appeal as a travel destination."
>>> 
>>> So... Florida might lose, what... 10 billion, tops?
>> 
>> GS?s estimate is their initial one; it will invariably be updated as new
>> data arrives (such as the -30% drop in import).
>> 
>> 
>>> We'll be JUST fine, thank you very much.
>> 
>> FL Real Estate sell-off bubble now quite overt:
>> 
>> https://x.com/newslambert/status/1912894546205200728?s=61&t=BwOr14HsTzyD0gnJjDCtLA
> 
> 1.7%
> 
> LOL

That’s a national average, so effects of localization in FL will invariably
be far higher … as is already being individually reported at the local FL
level.

> We're all going to lose our houses!!!!!

Granted, it doesn’t directly hurt an existing homeowner.. until they need
to sell.  But FL is already the canary in the coal mine.  AZ is likely
next. 

>>> Trump did not "go bankrupt". That is a misnomer.
>>> 
>>> Billionaires bankrupt their own companies on a basis a bit more
>>> frequently than you think.
>>> 
>>> THAT'S the cost of doing business. 
>> 
>> No, what?s typical is to shut down the incorporation and create new ones
>> without incurring unnecessary additional administrative expenses of letting
>> the courts meddle.
> 
> So... YOU'RE a billionaire?

Far closer than you are.  Why is a “thousands-aire” like you trying to
preach?

> If you know what to and not to do, you SHOULD be... right? 

Yup, which is why I’ve been incorporated for years & years.
How about yourself, cupcake?  Still getting drunk & running over your dogs?



>>> Trump's companies declaring bankruptcy is not a new thing.
>>> 
>>> I think Trump's 6 bankruptcies is pretty good, considering this:
>>> 
>>> The number of companies that go bankrupt each year is approximately
It>>> 22,000. That's how many business bankruptcies were filed in 
>>> 2021, according to the American Bankruptcy Institute, so there were
>>> probably more in the following years when Biden's economy 
>>> went to shit with near double-digit inflation and the highest gas prices, ever.
>> 
>> Except?
> 
>> Most businesses are small businesses & don?t last 5 years.
> 
> Yes... Trump's businesses are rather large comparatively, but THAT just shows us 
> Trump's willing to gamble and shows us that he's willing to take risks that 
> others don't and never achieve like he has.

He bankrupted a casino during a boom. That takes a special kind of stupid
to do, especially when one is wealthier with deeper pockets to span over
mistakes & rough stretches.  It’s the lack of financial depth which makes a
small business much more of a tightrope to be successful, year after year.


> Funny, how you snipped the businesses that failed and were NOT "small".

Because there’s always going to be some rate of failure.  If you want to
push that narrative, you need to quantify and substantiate what the normal
failure rate is, normalized suitably for factors such as size, owner
wealth, etc.  So have at it - but provide receipts.

> And that crack about Trump sitting on his inheritance?
> That's not how he rolls.

Of course not:  he has a ridiculously overinflated opinion of his skills.
And if you’re going to make lists, do also include his failures which he
lost in court, such as his fraudulent charity stuff.

-hh