0311
Diamond Member
Donald Trump may be in a worse financial situation than most people think, a financial analyst has said.
Jon Gabrielsen, an Atlanta-based market economist, told Newsweek that Trump's liquidity problems may be more acute than they first appear, as businesses need extra cash in reserve to avoid bankruptcy.
He said Trump was "screwed, blued, and tattooed" unless he can come up with more cash to pay his court awards.
Gabrielsen said many journalists are erroneously comparing Trump's stated cash balances with the amount he has to pay from recent fraud and defamation cases, which is currently estimated at over $542 million, excluding legal costs.
Donald Trump may be closer to bankruptcy than it seems
The former president needs more money to keep his businesses afloat, according to one financial analyst.
www.newsweek.com
Jon Gabrielsen, an Atlanta-based market economist, told Newsweek that Trump's liquidity problems may be more acute than they first appear, as businesses need extra cash in reserve to avoid bankruptcy.
He said Trump was "screwed, blued, and tattooed" unless he can come up with more cash to pay his court awards.
Gabrielsen said many journalists are erroneously comparing Trump's stated cash balances with the amount he has to pay from recent fraud and defamation cases, which is currently estimated at over $542 million, excluding legal costs.