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Home » Here’s one of the consequences of Trump’s 2024 win

Here’s one of the consequences of Trump’s 2024 win

The New Neo Posted on by

A confession: I’d never heard of Softbank before this announcement was made.

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Here’s one of the consequences of Trump’s 2024 win — 27 Comments

  1. Yeah, Masayoshi Son and Softbank has been in the news before. I’ve forgotten what it was about.

    https://en.wikipedia.org/wiki/SoftBank_Group

    This is the one I remember:

    On 30 January 2017, the Wall Street Journal wrote that SoftBank Group was “weighing an investment of well over $1 billion in shared-office space company WeWork, in what could be among the first deals from its new $100 billion technology fund.”[73] On 20 March, SoftBank bought a $300m stake in WeWork.

    My recollection is that WeWork was disaster. It skyrocketed in valuation, and quickly crashed. But it was just one of many Softbank’s targets.

  3. SoftBank’s Vision Fund has pursued massive, high-risk investments, often overvaluing startups. Its $47 billion investment in WeWork—followed by WeWork’s near-collapse—was seen as a symbol of unchecked optimism and poor due diligence.

    SoftBank often invests heavily in unproven companies and unprofitable business models, betting on future dominance. Critics argue this inflates valuations and creates “tech bubbles.”

    SoftBank uses complex financial structures, including debt, to fund investments. This leverage increases risk, leading some analysts to question the company’s stability.

    But with a stable genus with 8 or so bankruptcies in his portfolio at the helm who obviously caters to the billionaire class controlling the government, what could possibly go wrong?

  4. RJW, if only we had Brandon or the Cackler guiding the economy to ever greater prosperity! Onward, comrade!

    Your boat has sailed.

  5. Indeed, WeWank was able to pull the wool over the eyes of quite a few eager “get-rich-quick-by-investing-in-us” types.

    (Make that “get-rich-quick-by-investing-in-us-and-our-GREAT-idea-AND-OUR-INCREDIBLE-SPIRITUALITY”… heh, “spirituality” to the tune of bilking investors out of billions of dollars….)

    I guess they don’t call it “SoftBank” for nothing…

  6. One thing I remember about Softbank is that it owned Boston Dynamics for a few years then ended up selling it to Hyundia back in 2020. Boston Dynamics, many may remember, is the company that produces all those videos of their impressive (and somewhat disturbing or even horrifying at times) quadrupedal and bipedal robots.

  7. Om, meh!

    Barry Meislin, could one reasonably deduce that after Trump University, Trump Steaks, Trump Bibles, Mexico paying for a beautiful wall, stiffing casino construction contractors and workers out of their pay after completing a job well done is called “good business”, his now conceding he has no ability to lower grocery prices, and I could fill this page with more, that and the fact we’ve elected a leader who was never a successful businessman but rather played the role of one on a TV series, that our country is now geared towards a self-serving get-rich-quick money pocketing gangster style government?

  8. He invested 50 million last time, has been involved with the saudi princes in the sovereign fund among other

    Who has sold our uranium to the kazakh ans the russians koltan to china any of anothet parties who hold our economy in check

    By contrast who started the process of repatriating american industry advancing energy independence placing an embassy in jerusalem et al

    Unlike say goldman and co involvement in enron and other dodgy enterprises

  9. RJW, gosh yer askin’ the wrong person, except to say that I’m a firm believer in “ya gotta believe!”…
    (…At least sometimes…which I guess makes me an infirm believer…
    Disclaimer: I was a NY Mets fan in the 60s/70s.)

    If I understand you correctly, though, are ye’ sayin’ that it’s too bad that Kamala Harris wasn’t dragged over the finish line?

    (Speakin’ of “drag”….
    “ Supreme Court Justice Appears in Pro-Trans Broadway Version of Romeo and Juliet”—
    https://www.themainewire.com/2024/12/supreme-court-justice-appears-in-pro-trans-broadway-version-of-romeo-and-juliet/)

  12. I see the drive by troll is back.

    My real question for RJW is a year from now if all his doom and gloom does not happen will he admit he was wrong? Sorry if I missed pronoun-ed….sarc

  14. The market is dropping. There is a wave of selling going on in all sectors. Nothing is being spared. It appears that Wall Street is bearish on Trump. Methinks many investors are scared by his talk of tariffs. And many on Wall Street are Democrats. They’re reflexively against Trump’s policies. Maybe RJW is one of them.

    Also, it has been revealed that the jobs numbers for the last year have all been phony. The economy is in worse shape than the government has been telling us. For those of us on fixed incomes, the economy has been worse than the government a has told us for the last four years.

    I think Trump has it right. Decrease regulation, drill baby drill, close the border, cut the size and reach of government, attract new industry/investment, and make the tax cuts permanent. It won’t happen overnight and there’s going to be rough sledding ahead.

    Not to mention the criminal act of Biden selling the border wall materials for pennies on the dollar. That’s our tax money he’s wasting. He’s done much damage, but this is a big EFF U on the way out the door. January 20th cannot come quick enough.

  15. Markets are droppings because earnings are garbage because regulations are garbage on steroids

  16. But despite it all, RJW, the incomming president will be Donald Trump, not Kamilla Harris.

    meh, eh? Back at ya.

  17. “Markets are droppings because earnings are garbage because regulations are garbage on steroids”
    Miguel c.

    Utilities? Muni bonds? Treasuries?
    They’re all selling off. Only segment that was slightly up today was consumer staples.

    I agree the regulation is bad, but my widows and orphans portfolio has been hit pretty hard the last ten days. There’s something else going on, IMO.

  18. Everything that emanates from “Biden” is a lie.
    But Trump is the one who is accused of being a liar.
    Yes, Trump is being accused—by serial liars—of being a liar!

    Similarly, Trump is being accused—by the criminal gang of thieves, thugs and vandals that is the Democratic Party—of being a criminal!

    And then there’s this warning from Lara Logan of the historic threat posed by “Biden” (no, the Democrats are not pausing for a moment):
    ‘“This Is A Bloodsport For Them” – Lara Logan Exposes “The Age Of Information Warfare”’—
    https://www.zerohedge.com/geopolitical/bloodsport-them-lara-logan-exposes-age-information-warfare

    +Bonus (Jonathan Turley)…
    “The Danger Of White Knight Pardons: Biden Could Fundamentally Change Presidential Power”—
    https://www.zerohedge.com/political/danger-white-knight-pardons-biden-could-fundamentally-change-presidential-power
    Key grafs:

    …Ironically, preemptive pardons would do precisely what Biden suggests that he is deterring: create a dangerous immunity for presidents and their allies in committing criminal abuses…
    … Yet, despite that history, no president has seen fit to go as far as where Biden appears to be heading…

    …We have a constitutional system that allows for overlapping protections of individuals from abusive prosecutions and convictions. It does not always work as fast as we would want, but it has sustained the oldest and most stable constitutional system in history.

    These [people] would prefer to fundamentally change the use of the pardon power to maintain an apocalyptic narrative that was clearly rejected by the public in this election. If you cannot prove the existence of the widely touted Trump enemies list, a Biden pardon list is the next best thing. [Emphasis mine; Barry M.]

  20. Just in case you missed these:

    “Why They Hate Kash Patel”—
    https://chroniclesmagazine.org/web/why-they-hate-kash-patel/
    Opening grafs:

    In early 2018, members of the House Intelligence Committee investigating the FBI’s malfeasance in the Russia Collusion hoax met with then Deputy Attorney General Rod Rosenstein. Kash Patel, then serving as senior aide to that committee, attended the meeting on behalf of the committee’s chair at the time, California Republican Devin Nunes.

    Rosenstein had good reason to be worried about that investigation. In early 2017, he signed one of the FISA warrant applications the Justice Department used to spy on Trump campaign figure Carter Page. That warrant gave the FBI access to a wide swath of electronic communication between Page and the rest of the Trump campaign.

    Unfortunately for Rosenstein, it was based on false information provided by a subcontractor for the Clinton campaign….

    Molly Hemingway on…
    “Three Russia Hoax Bombshells Hidden In IG Report On DOJ Surveillance Of Congress”—
    https://thefederalist.com/2024/12/17/three-russia-hoax-bombshells-hidden-in-ig-report-on-doj-surveillance-of-congress/

    + Bonus:
    “…What will the resistance do?”—
    https://www.washingtonexaminer.com/daily-memo/3262985/trump-under-attack-less-rising-popularity/
    H/T Powerline blog (for all)

  21. Wow, Neo. I consider you one of the most intelligent and widely-read people I know (well, I don’t actually know you, but I know you well enough from years of consuming your excellent writing) and you weren’t aware of Masayoshi Son and Softbank? I’d think you’d at least be aware from reading about the massive WeWork dumpster fire. The story moved off the business pages into the mainstream – I mean, they even made a movie out of that wild tale.
    Oh well, nobody knows everything. Except those harridans on The View.

  26. Re: The markets dropping

    They were a little overvalued before the election, then had a sizeable runup after the election. Part of that runup was the expectation of substantially more Fed rate cuts. So, it’s pulling back again now, partly because of overvaluation.

    However, the proximate news is the Federal Reserve interest rate decision. A series of rate cuts were already baked in. But there was a slight up tick in the inflation numbers and now uncertainty in the Fed’s rate cutting.

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