QUOTE (caulfield12 @ May 7, 2016 -> 07:18 PM)
I saw a full story today.
Apparently, he wants to negotiate a better rate on the bonds (giving investors a "haircut" as they say)...haven't seen a single economist who agrees with this tactic. His argument for doing so relates to how he did the same thing with creditors during his four previous bankruptcy filings...well, because the biggest economy in the world works exactly like his companies, at least in his mind.
Certainly, it would push up interest rates on debt to much higher rates than 1.5-2.0% That's obvious.
It's defaulting, same thing. He doesn't know the difference. I'm not often surprised by Trump, but I am a little surprised to see he doesn't appear to know s*** about macroeconomics. I should've known better, running a business is not the same thing at all.