| Non-motoring > Trump Vol 2 | Miscellaneous |
Thread Author: smokie |
Replies: 73 |
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New Tue 8 Apr 25 14:16
Trump Vol 2 - smokie
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For continued Trumping 678782 Last edited by: smokie on Tue 8 Apr 25 at 14:20
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New Fri 4 Apr 25 13:20
Trump - CGNorwich
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Markets in free fall. FTSE down 3.9% Dow expected to open down 5% as China retaliates with 34% tarrif Recession coming at best. Depression at worst. 1930s all over again. |
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New Fri 4 Apr 25 14:50
Trump - zippy
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>> Markets in free fall. FTSE down 3.9% Dow expected to open down 5% as China >> retaliates with 34% tarrif >> >> Recession coming at best. Depression at worst. 1930s all over again. >> Yep. I dare not look at my pension pot later. I would find it hilarious if all output went to every other country in the world and not the USA, deliberately avoiding selling to the USA. The surplus could even reduce prices for everyone else and drive up prices in the USA due to scarcity there. |
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New Fri 4 Apr 25 16:20
Trump - smokie
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I may have had some fortunate timings with my pots 1) Due largely to Rachel's potential attack on tax free element I took out the entire tax free amount from my pots, which completed last month. The date of withdrawal from my main pension almost exactly matched it's highest ever single day value, thus maximising my take. 2) My big pot is with Royal London, in one of their governed funds. It was in the riskiest fund, which gave the greatest return. At the same time as taking out the tax free I moved it into the more cautious one, thinking I'd had a good run (nearly 14% in the preceding year) and something would hit the market sooner or later. On Wed I was quite a few thou better off than had I not moved it, which last night grew even more, and I'm sure that gap will widen today (but of course even the cautious fund is taking quite a hit though). Still a major concern though. FTSE, which is a bit of a barometer for my pension, is currently over 4% down today. It'll come back though, probably with a vengeance, when the turmoil settles and Trump has to roll back some of the changes, or we come to some sort of agreement, or whatever.. Last edited by: smokie on Fri 4 Apr 25 at 16:22
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New Fri 4 Apr 25 18:37
Trump - CGNorwich
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“It'll come back though, probably with a vengeance, when the turmoil settles and Trump has to roll back some of the changes, or we come to some sort of agreement, or whatever” I admire your optimism but I fear that we are merely at the brink of a deep and far ranging recession. |
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New Fri 4 Apr 25 18:48
Trump - Manatee
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>> I admire your optimism but I fear that we are merely at the brink of >> a deep and far ranging recession. >> I agree. There is no scenario here in which this is not a disaster. None of these tariffs is targeted in anyway at unfair trade practices, secret government subsidies, unfair treatment of the US etc. I don't think we can imagine how bad this could be. Even if he swept it all away tomorrow, tremendous harm has been done. |
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New Fri 4 Apr 25 18:59
Trump - zippy
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No tariffs against Russia (though no trade with Russia). Ruin the West' economy. Are we sure he isn't a Russian asset? |
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New Fri 4 Apr 25 18:58
Trump - Terry
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Talk of turmoil and market collapse is typical media spin. The FTSE 100 share index only broke the 8000 barrier a year ago (22nd April 2024). It started to rise towards 8600-8800 from January 2025 - following Trumps election and despite his already open views on tariffs. The fall over the last day or so currently leaves it over 8000 - above the level a year ago. It may be a short term reaction, or possibly a more fundamental shift in values - even those in the market don't know - they simply respond to supply, demand and emotion. Congratulations on getting the timing right - sadly I failed having used my ISA allowance a couple of months ago on an index based investment. Annoying but hardly a problem as I see these sort of investments as very long term to balance loans and property assets, not part of the pension plan in which case I may feel rather differently. |
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New Fri 4 Apr 25 19:09
Trump - Zero
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>> Talk of turmoil and market collapse is typical media spin. >> >> The FTSE 100 share index only broke the 8000 barrier a year ago (22nd April >> 2024). It started to rise towards 8600-8800 from January 2025 - following Trumps election and >> despite his already open views on tariffs. Its supposed to grow in value, how much higher would it be if it hadnt had the fall, over trumps turmoil, (and covid come to that) Its a financial loss and confidence loss, a no matter how much you claim its "spin" The S&P, Dow, and NASDAQ are down to the lows of the Covid shock. Its not spin, merely factual. However, Its only money www.youtube.com/watch?v=LtFyP0qy9XU&ab_channel=Movieclips Last edited by: Zero on Fri 4 Apr 25 at 19:13
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New Fri 4 Apr 25 19:21
Trump - smokie
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If you look at the FTSE for the last 5 years it is almost hard to distinguish the Truss trough. rb.gy/6jqapo I know this is on a different scale but the market recovered from that loss fairly quickly and has risen significantly since. Once the dust has settled and the world understands the new order (and that's assuming it isn't reversed in any way) I am reasonably hopeful that this will turn out to be just another blip. Note hopeful not confident!! Last edited by: smokie on Fri 4 Apr 25 at 19:28
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New Sat 5 Apr 25 11:36
Trump - Manatee
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>> If you look at the FTSE for the last 5 years it is almost hard >> to distinguish the Truss trough. >> >> rb.gy/6jqapo >> >> I know this is on a different scale but the market recovered from that loss >> fairly quickly and has risen significantly since. The cause was removed fairly quickly. That's what needs to happen now. A nice short article on Smoot-Hawley Tariff Act. www.britannica.com/topic/Smoot-Hawley-Tariff-Act |
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New Fri 4 Apr 25 19:33
Trump - Robin O'Reliant
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>> Talk of turmoil and market collapse is typical media spin. >> >> >> Economic forecasters exist to make horse racing tipsters look good. You've only got to look at how 99% of them were caught with their pants down when the banking system started to collapse to see that. In truth nobody knows what the effect will be till we get there. |
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New Fri 4 Apr 25 21:18
Trump - Manatee
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>> Talk of turmoil and market collapse is typical media spin. That's alright then. I wonder how much dodgy trading has been going on. Trump may be a lunatic but he will know very well what the impact of his announcement would be. And assuming he left his presentation aid lying around while waiting for the market to close I'm pretty sure a few of those crooks surrounding him, and perhaps the chief felon himself, will have set up their trades as well. If something changes his mind almost overnight the immediate damage may be limited. But if he sticks with this you're looking at a world recession. Inflation, stagnation, failing companies, credit crisis, whatever you can think of and worse. Starvation in the developing world if the ROTW is daft enough to be split. China has responded with a tit for tat 34% tariff, disregarding Trump's invitation to negotiate. Not targeted, calculated, or logical in any way except as to calling Trump's bluff. What do you think are the chances of Trump bamboozling Xi? |
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New Sat 5 Apr 25 09:35
Trump - Terry
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>> If something changes his mind almost overnight the immediate damage may be limited. But if >> he sticks with this you're looking at a world recession. Inflation, stagnation, failing companies, credit >> crisis, whatever you can think of and worse. Starvation in the developing world if the >> ROTW is daft enough to be split. >> >> China has responded with a tit for tat 34% tariff, disregarding Trump's invitation to negotiate. >> Not targeted, calculated, or logical in any way except as to calling Trump's bluff. What >> do you think are the chances of Trump bamboozling Xi? >> Trumps actions are economically illiterate and will ultimately be most damaging to his lower income supporters. Best current estimates are that the UK economy may take a hit of around 1%. An analogy - Mr/Mrs Average on £30k pa having an unexpected £300 bill - unwelcome but hardly catastrophic. "World recession", "stagnation", "starvation", "credit crisis" etc - is (IMHO) a gross overstatement. A few on the brink (countries and companies) will struggle or fail, most will adapt. |
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New Sat 5 Apr 25 10:36
Trump - Manatee
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You are betting a lot on this being reversed or substantially ameliorated very quickly. Of course there would be a new equilibrium but it will be very damaging and much less trivial than 1% tweak to GDP if this holds. I suggest looking at the causes of, and the scale of damage caused by, the great depression. We have a bias towards optimism because our generation in our bubble has not experienced the scale on which bad things can happen in the same way as our parents and grandparents. I am very hopeful that the nightmare will end soon but if it doesn't it will be more than a bump in the road. |
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New Fri 4 Apr 25 19:18
Trump - Kevin
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>Yep. I dare not look at my pension pot later. >I would find it hilarious if all output went to every other country in >the world and not the USA,.. Most pension companies offer a range of funds to suit a customer's risk profile and personal preferences. You could always contact them and tell them you don't want any of your money invested in feelthy American stocks. |
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New Fri 4 Apr 25 21:43
Trump - Manatee
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| US stocks by value are 70% of the world. |
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New Sat 5 Apr 25 09:21
Trump - Terry
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>> US stocks by value are 70% of the world. >> Not sure of the relevance of this save to stir anti US/Trump sentiment. The US stock market capitalisation is apparently 50% of the global total www.visualcapitalist.com/124-trillion-global-stock-market-by-region/ As the US share of global GDP is "just" 27%, I assume most listings on the US are companies the bulk of whose trade is outside the US. They choose to list in the US due to regulation (or lack of it), ease of raising finance, and volume of trade creating a robust market. Such companies are unlikely to choose India, China, Russia etc. A number of UK companies are listed in the US including Unilever, Shell, Astra Zeneca, HSBC, RTZ, Diageo, to name but a few. |
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New Fri 4 Apr 25 22:02
Trump - zippy
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| I shouldn't have looked! |
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New Sat 5 Apr 25 13:34
Trump - Zero
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| Markets can handle change, Its one of the reasons they exist in the first place. What they dont like and cant handle is FUD. Fear, uncertainty and doubt. Nothing will promote FUD more than unpredictable, badly planned and implemented, knee jerk, rapid, variable flavour of the month change. Everything Trump has done and is capable of doing again. |
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New Sat 5 Apr 25 14:33
Trump - Manatee
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>> Markets can handle change, Its one of the reasons they exist in the first place. True, but that's a bit like saying climate change won't endanger the earth. The extinction of human life won't rock the axis even one degree. >> What they dont like and cant handle is FUD. Fear, uncertainty and doubt. Nothing will >> promote FUD more than unpredictable, badly planned and implemented, knee jerk, rapid, variable flavour of >> the month change. Everything Trump has done and is capable of doing again. And just as capable of reversing at any time. Which you'd think very hard about if you were considering building a new US manufacturing facility under the shelter of the new tariff regime. Even if he doesn't relent, he's only there for four years. Not really long enough to build your factories, recover your investment, make your money and get out. The experiment has been done before, from about 1920-1934. |
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New Sun 6 Apr 25 10:32
Trump - Manatee
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I'd actually quite like to hear that Starmer had spoken to Trump or his relevant nodding donkey on behalf of Lesotho. Lesotho's total exports are about $1bn a year, of which c. $200m (20%) goes to the US. Lesotho imports almost nothing from the US, so in the-world-according-to-Trump Lesotho is charging the USA 100% tariff on the goods the USA imports from them. Trump therefore imposes a 50% tariff on imports from Lesotho. The imports from Lesotho are mainly diamonds, and Levi and Wrangler denim trousering. Things Americans presumably want to buy without paying an extra 50%. What sort of moron can construe that the US's failure to sell anything to the people of Lesotho is a 100% tariff on the non-existent US exports to that country? |
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New Tue 8 Apr 25 15:54
Trump Vol 2 - Manatee
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China says it won't back down on its 34% matching tariff despite Trump's stated intention to raise the stakes with a further 50% tariff on the importation of Chinese goods, payable of course by the importer and ultimately American consumers, taking the total to 104%. Personally I'm inclined to believe the Chinese. It seems unlikely that Tim Cook is going to be super-happy with this, we'll see how far his patriotism extends. Meanwhile, Vice-Moron Vance, in an attempt to butter-up the Chinese, said ""We borrow money from Chinese peasants to buy the things those Chinese peasants manufacture". The Chinese have presumably misunderstood this no doubt well-intended compliment and describe him as "ignorant". I'm interested to see what happens between now and when Trump announces his great negotiating victory. The Chinese are AIUI among the leading holders of US Treasury bonds. |
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New Tue 8 Apr 25 16:26
Trump Vol 2 - Robin O'Reliant
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Trump is apparently going to back Vance as the next presidential candidate with the understanding that he will be chosen as vice president and Vance will stand down and let him take over. I can see an obvious flaw in that. "Hang on a minute, I was the one elected, why should I...? |
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New Tue 8 Apr 25 19:20
Trump Vol 2 - James Loveless
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"Trump is apparently going to back Vance as the next presidential candidate with the understanding that he will be chosen as vice president and Vance will stand down and let him take over." With any luck the next nearly four years will see such an economic melt-down in the US that the voters will at last see Trump and the whole MAGA crew for what they are and dismiss them - all of them - at the next presidential election, Vance included. Trump's winning margin last time was not substantial. Last edited by: James Loveless on Tue 8 Apr 25 at 19:21
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New Tue 8 Apr 25 19:36
Trump Vol 2 - Biggles
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| He can't stand as the vice-president candidate, either. |
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New Fri 11 Apr 25 10:32
Trump Vol 2 - Alanovich
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This is how broadly Trump's hero and role model, Vladimir Vladimirovich Putin, retrieved the Presidency of Russia from Dmitry Medvedev. So it wouldn't surprise me to see him aping that strategy. I turned 55 in January, my wife did so just this week. We were planning on taking our tax free lumps sums from our pensions at her 55th birthday. Bullseye, Mr. Trump, bullseye. We won't be doing that now. Plans for the next few years and our approach to retirement are being totally redrawn now. Essentially Trump has managed to give America its own Brexit, by withdrawing from rational trading and economic strategy and imposing economic sanctions upon itself. I don't know if there are any of the old Brexit-fan posters left on this forum, the ones with the unconscionable views regarding race and nationality who were the reason I paused visiting here, but if there are, I hope they're happy with what they did to us, and that they're enjoying this latest incarnation of their profoundly stupid, spiteful and destructive views. |
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New Fri 11 Apr 25 11:00
Trump Vol 2 - Bromptonaut
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Welcome back Al, are you returning to Habitual Residence here or just passing through? |
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New Fri 11 Apr 25 13:20
Trump Vol 2 - Alanovich
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Thanks, Brompters. Don't know at this stage. Just curious. |
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New Fri 11 Apr 25 11:03
Trump Vol 2 - Bromptonaut
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>> I paused visiting here, but if there are, I hope they're happy with what they >> did to us, and that they're enjoying this latest incarnation of their profoundly stupid, spiteful >> and destructive views. Very few now who will defend it. Pat is deceased. Roger too probably. The Copper who retired to Devon left after Brexit. Dog still posts though. Can't remember all the others. |
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New Fri 11 Apr 25 12:09
Trump Vol 2 - zippy
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Can't abide racism. Miss Z makes it clear in a wonderfully gruesome way: "when I open someone up with my scalpel, we all look the same under the skin". Longtime no see Alanovich. Hope you and yours are well. Re the USA and Trump. Just look at a night time satellite image of North Korea to see what it's like when you have no trading partners. |
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New Sat 12 Apr 25 13:34
Trump Vol 2 - Bromptonaut
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>> I turned 55 in January, my wife did so just this week. We were planning >> on taking our tax free lumps sums from our pensions at her 55th birthday. Bullseye, >> Mr. Trump, bullseye. We won't be doing that now. Plans for the next few years >> and our approach to retirement are being totally redrawn now. Are you prepared to say what the loss is over the last week in percentage terms? Mrs B's Uncle sank his Teaching Pension lump sum into equities shortly before the big crash in October 87. They recovered. |
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New Tue 8 Apr 25 16:52
Trump Vol 2 - zippy
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>>Tim Cook... Is already ramping up manufacturing in India which has lower tariffs to the USA. iProducts (tm - me) for everyone else will be made in China. |
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New Tue 8 Apr 25 18:00
Trump Vol 2 - Kevin
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>I agree that it's about using what we would consider to be unfit meat. In what way is it unfit meat? >But but but - if we want streamlined procedures with the EU, or >ultimately a customs union, low standards become a problem - the EU does >not want sub-standard food coming here and potentially getting into the >EU. I thought the immediate problem was to fix what you raised as a potential roadblock to a trade deal? You're actually more concerned about what EU bureaucrats might think at some indeterminate time in the future? |
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New Tue 8 Apr 25 18:11
Trump Vol 2 - CGNorwich
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verse.press/poem/the-heathen-chinee-24519 the dnagers of gambling with the Chinese |
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New Tue 8 Apr 25 19:18
Trump Vol 2 - zippy
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>> verse.press/poem/the-heathen-chinee-24519 >> >> the dnagers of gambling with the Chinese >> From my admittedly limited knowledge, I thought Harte wrote it as a criticism of racism, though many of his readers took a different view and approved of the poem's apparent support of racism (incorrectly so). |
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New Tue 8 Apr 25 19:37
Trump Vol 2 - CGNorwich
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| Yes he did, well at least to show that the Irish Americans and the Chinese were no better than one another. Anti Chinese sentiment was prevalent amongst the Irish labouring class at the time. They thought that they had indeed been ruined by “Chinese cheap labour” |
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New Tue 8 Apr 25 19:24
Trump Vol 2 - Manatee
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Unfit because the Chlorine treatment AIUI is to fix poor hygiene earlier in the production process. I expect it's basically safe although there are experts who think even dead pathogens can be harmful. The Americans say the European objection is simply a non-tariff barrier that Europe uses to protect its farmer from competition from cheap US food. I expect yanks say the same about hormone-fed beef. It's these non-tariff barriers, which Trump seems to think account for his trade deficit, that Trump is trying to coerce other nations into getting rid of. Hence his invitation to come and negotiate. I don't know, but I would expect, the EU to be very concerned about the UK letting in stuff that they don't want to see in their markets which would make trade barriers between UK and EU more difficult to remove. In terms of food and ordinary manufactured goods the EU is worth more to us than the US. I do think Starmer is right to avoid unnecessary provocation of Trump of course. Much as I think there would be great satisfaction in telling Trump just what we think of him, it's probably not a good idea for Starmer to do it. It will be helpful I think to see where they get to with China. I think it's backfired for Trump who thought he could extract some sort of payment or concession from China. I don't really want to see China take over the world but I can't imagine Trump getting the better of them. |
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New Tue 8 Apr 25 22:05
Trump Vol 2 - Kevin
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>I expect it's basically safe although there are experts who think even dead pathogens can be harmful. Anti-vaxers? >I don't know, but I would expect, the EU to be very concerned about the >UK letting in stuff that they don't want to see in their markets which >would make trade barriers between UK and EU more difficult to remove. Without going the whole hog and rejoining the customs union it won't make the slightest difference. The EU wouldn't give us a special deal because we say we don't import chicken from the US. As far as they are concerned every imported chicken has to comply with their rules. >Much as I think there would be great satisfaction in telling Trump just what we think of him,.. It would be hugely satisfying but also hugely stupid at the moment, especially for the UK. Double stupid to trust the EU. |
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New Wed 9 Apr 25 18:19
Trump Vol 2 - zippy
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| The more damage this oaf does to the US and western world's economies, the more I am convinced that he's a Russian asset. |
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New Wed 9 Apr 25 18:35
Trump Vol 2 - Lygonos
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www.youtube.com/watch?v=EyGutR4O-TY Deluded overgrown Oompa Loompa. Love the square head look - suits him :-) No doubt it'll be the Dems or "grandstanding Republicans" AHAHAHAHAHAHA!!! that will be the reason the US goes into recession with higher inflation and borrowing costs. **EDIT** now he's backed down good style except vs China. Last edited by: Lygonos on Wed 9 Apr 25 at 18:39
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New Wed 9 Apr 25 18:45
Trump Vol 2 - Manatee
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>> The more damage this oaf does to the US and western world's economies, the more >> I am convinced that he's a Russian asset. I don't think there's any doubt about that. Whether he knows, I'm not sure. But I heard some vox pops yesterday - a good proportion of Trump voters are pleased he is sticking it to the Europeans, Chinese, Indians (these seemed to be the countries they had heard of) etc. who have been ripping them off all this time. I gather it's more or less true that GATT originally 'disadvantaged' the USA originally when European countries had severe balance of payments problems but this was agreed to in order to promote and develop world trade which it did. Disadvantaged or not, the USA still became the wealthiest country in the world as global trade developed and grew, so quite what they are complaining about is not clear. They seem to believe their economy is ruined and that a period of hardship will lead to great prosperity as well as "owning the libs". This is of course what Trump is telling them. They seem to have forgotten that they were promised lowered prices and not really twigged that the £2bn. a day in tariffs that Trump is now boasting about is being paid by American importers who will presumably have to raise prices at some point. I gather some CEO's (including Musk) and Wall Street types are now telling Trump that the market damage is too much. |
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New Wed 9 Apr 25 19:15
Trump Vol 2 - CGNorwich
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Trump just blinked. All tariffs reduced to 10% “for 90 days” except for China which at 125%. So much for the orange deal maker. what an idiot. |
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New Wed 9 Apr 25 20:29
Trump Vol 2 - smokie
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| Ahhh... I requested to put my pension pot in the more risky fund yesterday but it won't happen till ltomorrow's prices I think, or even the next day, so I'll miss the best of the rebound. Shame. |
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New Wed 9 Apr 25 20:51
Trump Vol 2 - tyrednemotional
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...anyone who |
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New Wed 9 Apr 25 21:23
Trump Vol 2 - Kevin
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| You'd need friends in high places to avoid the dodgy-deal alerts from the trading systems though ;-) |
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New Wed 9 Apr 25 21:36
Trump Vol 2 - zippy
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My funds are still reporting a loss tonight, in excess of yesterday - I was expecting some rebound :-(
Last edited by: zippy on Wed 9 Apr 25 at 21:39
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New Wed 9 Apr 25 23:15
Trump Vol 2 - smokie
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| Dunno what funds you're in but the FTSE dropped nearly 3% today and that's a definite indicator of the direction of travel of my funds. |
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New Thu 10 Apr 25 10:14
Trump Vol 2 - smokie
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| I stand corrected, today my pot is showing in the riskier fund. That should accelerate recovery of value I hope, though FTSE hasn't jumped anywhere near enough to reverse the damage (just under 4% atm), Lucky move, I hope!! |
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New Wed 9 Apr 25 19:22
Trump Vol 2 - Terry
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I often resort to looking at actual data rather than soaking up the garbage and spin emanating from the media and politicians. The US is dominated by service industries - like most developed countries. Manufacturing is currently ~10% of GDP. Imports are ~15% of GDP. It seems unlikely that US manufacturing capacity will be quickly more than doubled to replace imported goods. Assuming a tariff of 20% on all imported goods will immediately increase inflation by 3% (20% of 15%). Likely to be massively destabilising with inflation, interest rate hikes, and push the US into recession. Probably not popular with the Trump supporter base - either low paid manual workers who believed his BS or the wealthy who would see fortunes and pension funds eroded. Analysis of the current state of affairs will likely be rapidly overtaken by a new announcement or Executive Order -so little point in getting too worried about the current incoherence. Only real questions are whether: - this is a thought through strategic policy of destabilisation, or - the actions of a complete moron, or - a way for Trump and his pals to earn billions effectively manipulating markets The first seems implausible - the other two are rather more likely!! |
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New Wed 9 Apr 25 19:57
Trump Vol 2 - zippy
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>> I gather some CEO's (including Musk) and Wall Street types are now telling Trump that >> the market damage is too much. >> Falls in share value is likely to impact loan conditions a d potentially lead to breaches of covenants leading to a reduction in lending, an increase in interest rates charged or in some instances loan recalls. Perhaps not for the biggest, but likely for smaller companies. |
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New Thu 10 Apr 25 08:26
Trump Vol 2 - Zero
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>> >> I gather some CEO's (including Musk) and Wall Street types are now telling Trump >> that >> >> the market damage is too much. Yes he blinked and folded. It was the selling off of US treasury bonds that did it. That hit Trumps ability to finance US debt, and the rumour mill says that his large financial backers/donors , looking at eye watering losses threatened to drop support. Either way, he has blown it, Credability down the toilet, not only is he now seen as a clown, he is a clown with no balls. Dead duck president going forward. |
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New Thu 10 Apr 25 08:45
Trump Vol 2 - smokie
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| He should've looked at recent UK history a la Truss before sticking his neck out quite so far. |
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New Thu 10 Apr 25 09:42
Trump Vol 2 - Falkirk Bairn
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US might be the biggest economy but he did not take into account US$ Value, Stock Market falls, Bond Rates, servicing US debt mountain .............. What he could have done is negotiated hard on a few fronts with a few countries, introducing more over time. However, he has 5 years and turning round the US economy to re-industrialise would take decades - crashing the economy a matter of days! |
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New Thu 10 Apr 25 11:11
Trump Vol 2 - tyrednemotional
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>> However, he has 5 years - 4 Year term, some already gone.... |
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New Thu 10 Apr 25 10:32
Trump Vol 2 - CGNorwich
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Either way, he has blown it, Credability down the toilet, not only is he now seen as a clown, he is a clown with no balls. Dead duck president going forward. In a rational world I’d agree but we are dealing with the MAGA cult here and they will follow him no matter what. |
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New Thu 10 Apr 25 12:21
Trump Vol 2 - Manatee
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The big question for me is whether the American constitution, conventions and the separation of powers will come together to see off this coup, or not. If Trump falls through his own incompetence we will never truly know. The great horror here is just how craven and venal are the people Trump has around him, even allowing that most were handpicked for their unquestioning loyalty and lack of backbone. I'm also shocked at how easily the institutions and universities for example have rolled over. And law firms for that matter. As Scaramucci has said in the last few days, it would only take 11 people to clap a stopper on his capers right now. I think he said 5 Republican representatives, 3 Senators and 3 cabinet members. And yet they still aren't there. The debate as to whether he is mad or bad is over for me. The visible enjoyment he shows at describing a queue of world leaders "kissing his ass" shows how far gone he is. There is no excuse now for not stopping him. The parallel with Truss is there but in complete fairness her own party did her in very shortly afterwards. The Reps need to take note and act. As Obama said a couple of days ago, could we even have imagined him doing any of this stuff, and what the reaction would have been? Another brick in the wall as mentioned is the bond market. Typically in a falling stock market bond yields will fall as there is a flight from risk. That treasury yields have risen shows a lack of confidence in the economy and the currency. Unbelievably Trump actually said recently that maybe he doesn't need to honour treasury bonds. Nobody can afford to take this seriously but the Chinese appear to have been selling, possibly just to damage the USA as its cost of borrowing wil rise as Treasury bonds fall. Trump is still playing with fire in defying China. Xi has been keeping the lid on domestically and he has to win. |
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New Thu 10 Apr 25 12:34
Trump Vol 2 - tyrednemotional
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>> >> I'm also shocked at how easily the institutions and universities for example have rolled over. >> And law firms for that matter. >> I think the most worrying thing is it demonstrates how thin the veneer of democracy is (and that could apply in many more places than The States). |
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New Thu 10 Apr 25 13:02
Trump Vol 2 - Zero
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For a crack and giggles its fun to go on Fox news, the most right wing and trumpian champions going. When the stock market was slumping on the tarrifs chaos, this wasnt rated as news and never featured on their headline page. Now they have been lifted, he is now being championed and lauded in headlines as "pragmatic" |
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New Thu 10 Apr 25 13:22
Trump Vol 2 - Manatee
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Pragmatic is a synonym for unprincipled. For once I agree with Fox News. How do you watch it?
Last edited by: Manatee on Thu 10 Apr 25 at 13:22
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New Thu 10 Apr 25 15:43
Trump Vol 2 - Zero
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>> Pragmatic is a synonym for unprincipled. For once I agree with Fox News. How do >> you watch it? I'm not sure I should tell you, it wont be good for your metal health and well being. |
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New Thu 10 Apr 25 16:08
Trump Vol 2 - Manatee
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>> >> Pragmatic is a synonym for unprincipled. For once I agree with Fox News. How >> do >> >> you watch it? >> >> I'm not sure I should tell you, it wont be good for your metal health >> and well being. You're right. As you were. |
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New Thu 10 Apr 25 14:03
Trump Vol 2 - zippy
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>>Unbelievably Trump actually said recently that maybe he doesn't need to honour treasury bonds. I don't know why, but I was reminded of Larry Darrell in W. Somerset Maugham's "The Razor's Edge". I can't find the book at the moment, but he says something like "Uncle Sam always pays" referring to the Govt. bonds that were left to him by his parents, I seem to recall. Coincidently, his character is claimed to be based on Sir Henry Channon (Chips Channon). From Wikipedia: "Channon moved to England in 1920 and became strongly anti-American, feeling that American cultural and economic views threatened traditional European and British civilisation. He wrote extensively about these views." |
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New Thu 10 Apr 25 16:17
Trump Vol 2 - Bromptonaut
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>> Coincidently, his character is claimed to be based on Sir Henry Channon (Chips Channon). Father of Paul Channon who was a Tory MP and member of the Cabinet in Thatcher era. |
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New Thu 10 Apr 25 18:40
Trump Vol 2 - zippy
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A commentator from a small USA business said that their import tariffs for their last shipment from China was something like $23k. For the next shipment - the same size - the tariffs will be £350k and that's before the latest rise to 145%. It's basically broken his business. I guess the solution is to set up a company in a low tariff country such as the UK. Then import the goods from China and get his UK company to sell to his USA company with only a 10% tariff (plus of course extra tariffs that the UK charge, plus extra processing and freight costs). Last edited by: zippy on Thu 10 Apr 25 at 18:44
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New Thu 10 Apr 25 23:26
Trump Vol 2 - smokie
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| ...which was the Trump spin on why the island only inhabited by penguins was included. |
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New Fri 11 Apr 25 10:07
Trump Vol 2 - maltrap
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| I’ve decided to avoid buying from American owned companies,Cadbury’s, Amazon, Netflix, spring to mind, I’m certain there are many more, any suggestions? |
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New Fri 11 Apr 25 10:16
Trump Vol 2 - Biggles
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| Will you be destroying your Visa and/or Mastercards too? |
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New Fri 11 Apr 25 10:22
Trump Vol 2 - Bromptonaut
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>> Will you be destroying your Visa and/or Mastercards too? I'm not aware of a viable alternative. I have both issued by either Spanish or UK owned banks. How much of what I spend in the UK and mainland Europe finds its way back to Visa or Mastercard in the US?. Should I cancel my subscription to the New Yorker - a not exactly pro Trump publication? Ultimately, saying it's pointless to boycott some US businesses because you can't avoid a few of them is straw man territory. Last edited by: Bromptonaut on Fri 11 Apr 25 at 10:23
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New Sat 12 Apr 25 14:05
Trump Vol 2 - sooty123
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>> >> >> Ultimately, saying it's pointless to boycott some US businesses because you can't avoid a few >> of them is straw man territory. >> Agreed, pretty silly to say you have to ditch absolutely everything or nothing. Plenty of areas to make big cutbacks in without too much effort. Whether it has any impact or if an individual should is another thing. |
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New Sat 12 Apr 25 15:35
Trump Vol 2 - zippy
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I'm not buying a Tesla. Seriously, medium term I am looking for a solar solution if practical and battery. Tesla was on the list as their integrated solution is good, but I am not convinced that it's ethical or sensible now. There are problems with loads of the kit as they all seem to need apps. A wealthy mate has a battery solution which is next to useless as the thing is run off an app and the manufacturer has failed so the app has stopped working. Some gubbins needs to be replaced to get it all working again at a not insignificant cost. |
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New Fri 11 Apr 25 10:26
Trump Vol 2 - Terry
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>> I’ve decided to avoid buying from American owned companies,Cadbury’s, Amazon, Netflix, spring to mind, I’m >> certain there are many more, any suggestions? >> Cancel your Netflix subs. Stop buying from Amazon. Consider dumping your phone and IT software. US origin food and drink - wine, bourbon, nuts. Stop using Uber. Flog the Tesla. |
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New Sat 12 Apr 25 13:20
Trump Vol 2 - henry k
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Anti-vaxers? >I don't know, but I would expect, the EU to be very concerned about the >UK letting in stuff that they don't want to see in their markets which >would make trade barriers between UK and EU more difficult to remove. I read that USA folks wanting to travel will need a yellow medical card as the USA will lose its measles free status thanks to Trump and Kennedy All the bluster will not work and change border rules so tell that to their disciples. |
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New Sat 12 Apr 25 15:47
Trump Vol 2 - zippy
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The art of the deal - yeah, right! www.mirror.co.uk/news/world-news/breaking-donald-trump-exempts-mobile-35044147 He's exempting the stuff that the USA had a chance of making. There is no chance that they will be able to compete with mass produced low tech plastics, steel and clothing. |
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