The Official Politics Thread (enter at your own risk)
Posted: 09 Dec 2024, 09:19
by Come On You Irons
There. Resident WHO political commentators and gurus can knock yourselves out in here and conduct your endless bickering. All other threads will be locked.
Re: The Official Politics Thread (enter at your own risk)
“90% of stocks are held by approx 8% of the population”
only if you view pension funds as an individual entity.
Pension funds are diversified, they hold bonds, bonds are going up due to Interest rates dropping. Stocks will rebound just a matter of time.
The path we are on with our debt is not sustainable, we have huge budget deficits and are paying a Trillion a year plus in interest on that debt. Won’t be long before we are paying Trillion interest in 11 months, then 10 months, then 9 months etc. Tax Cuts, higher pay Tarrif money, lower interest rates and more Jobs, will go a long way to increasing our GDP and Remember these are reciprocal Tarrifs, Remove your Tarrifs and trade barriers and ours go away. OR is it only America that’s not allowed to have Tarrifs?
Israel, Argentina, Vietnam and Canada have already caved. Just a matter of time before everyone else falls in line.
Pensions are diversified but that doesn’t change he the fact that way more than 8% of people are exposed to this.
Still doesn’t change the fact that the Tarrifs are reciprocal!
Re: The Official Politics Thread (enter at your own risk)
“90% of stocks are held by approx 8% of the population”
only if you view pension funds as an individual entity.
Pension funds are diversified, they hold bonds, bonds are going up due to Interest rates dropping. Stocks will rebound just a matter of time.
The path we are on with our debt is not sustainable, we have huge budget deficits and are paying a Trillion a year plus in interest on that debt. Won’t be long before we are paying Trillion interest in 11 months, then 10 months, then 9 months etc. Tax Cuts, higher pay Tarrif money, lower interest rates and more Jobs, will go a long way to increasing our GDP and Remember these are reciprocal Tarrifs, Remove your Tarrifs and trade barriers and ours go away. OR is it only America that’s not allowed to have Tarrifs?
Israel, Argentina, Vietnam and Canada have already caved. Just a matter of time before everyone else falls in line.
Pensions are diversified but that doesn’t change he the fact that way more than 8% of people are exposed to this.
Shouldn’t you be out keying your friends Tesla?
Re: The Official Politics Thread (enter at your own risk)
The USA has the world’s largest economy by far, China loses just a small part of the US consumer biz it will hurt their GDP. They are predominantly an export based economy still. The trade deficit is $300 billion in Chinas favor, the USA is already losing money and jobs to China. China has more to lose.
On top of that China has millions living in Extreme poverty with 80% plus of their population considered poor. By their own admission they need to maintain a 7% GDP growth rate to prevent civil unrest. A Tariff war has their estimate of future GDP growth at 5%. The Chinese gov’t do not want civil unrest with that many upset, starving people. They can try and find alternate trade partners but they won’t be able to make up the shortfall.
As for the USA, The stock market will rebound once it adjusts to the new economic boom all this Tariff money will bring in and new high paying Jobs. The unions seem to like it and why wouldn’t they.
90% of stocks are held by approx 8% of the population, The big winners here are the middle class who will get their jobs back, Cheaper energy costs, lower taxes and increased income will offset any threat of inflation.
You would think wealth distribution of taxing the rich to help the poor would be considered a liberal policy.
But then again you have Liberals keying other liberals Environmentally sound Green electric cars because the corrupt Dem politicians have brain washed them into thinking that Cannibalism is the right thing to do. And cutting and exposing wasteful and fraudulent Gov’ts spending is the problem. LOL
They’ve already got you believing that it’s okay to sacrifice your kids in the name of inclusion. So god only knows what they will brainwash you with next.
When is the next WEF meeting? Can’t wait to see what your puppet masters come up with next.
In the meantime pay up your NATO bill is due and Russia smells blood.
“90% of stocks are held by approx 8% of the population”
only if you view pension funds as an individual entity.
Pension funds are diversified, they hold bonds, bonds are going up due to Interest rates dropping. Stocks will rebound just a matter of time.
The path we are on with our debt is not sustainable, we have huge budget deficits and are paying a Trillion a year plus in interest on that debt. Won’t be long before we are paying Trillion interest in 11 months, then 10 months, then 9 months etc. Tax Cuts, higher pay Tarrif money, lower interest rates and more Jobs, will go a long way to increasing our GDP and Remember these are reciprocal Tarrifs, Remove your Tarrifs and trade barriers and ours go away. OR is it only America that’s not allowed to have Tarrifs?
Israel, Argentina, Vietnam and Canada have already caved. Just a matter of time before everyone else falls in line.
Pensions are diversified but that doesn’t change he the fact that way more than 8% of people are exposed to this.
Re: The Official Politics Thread (enter at your own risk)
Tell me why China can’t beat the USA in a trade war? The balance of trade is heavily in their favour, belt & road initiative means their trading partners are diversified across the globe, and most importantly their political set up gives them far greater tolerance to suffer the economic consequences.
Predicted inflation is not going to bring interest rates down no matter how much Trump stamps his feet. Which country do you think can suffer the pain for longer?
The USA has the world’s largest economy by far, China loses just a small part of the US consumer biz it will hurt their GDP. They are predominantly an export based economy still. The trade deficit is $300 billion in Chinas favor, the USA is already losing money and jobs to China. China has more to lose.
On top of that China has millions living in Extreme poverty with 80% plus of their population considered poor. By their own admission they need to maintain a 7% GDP growth rate to prevent civil unrest. A Tariff war has their estimate of future GDP growth at 5%. The Chinese gov’t do not want civil unrest with that many upset, starving people. They can try and find alternate trade partners but they won’t be able to make up the shortfall.
As for the USA, The stock market will rebound once it adjusts to the new economic boom all this Tariff money will bring in and new high paying Jobs. The unions seem to like it and why wouldn’t they.
90% of stocks are held by approx 8% of the population, The big winners here are the middle class who will get their jobs back, Cheaper energy costs, lower taxes and increased income will offset any threat of inflation.
You would think wealth distribution of taxing the rich to help the poor would be considered a liberal policy.
But then again you have Liberals keying other liberals Environmentally sound Green electric cars because the corrupt Dem politicians have brain washed them into thinking that Cannibalism is the right thing to do. And cutting and exposing wasteful and fraudulent Gov’ts spending is the problem. LOL
They’ve already got you believing that it’s okay to sacrifice your kids in the name of inclusion. So god only knows what they will brainwash you with next.
When is the next WEF meeting? Can’t wait to see what your puppet masters come up with next.
In the meantime pay up your NATO bill is due and Russia smells blood.
“90% of stocks are held by approx 8% of the population”
only if you view pension funds as an individual entity.
Pension funds are diversified, they hold bonds, bonds are going up due to Interest rates dropping. Stocks will rebound just a matter of time.
The path we are on with our debt is not sustainable, we have huge budget deficits and are paying a Trillion a year plus in interest on that debt. Won’t be long before we are paying Trillion interest in 11 months, then 10 months, then 9 months etc. Tax Cuts, higher pay Tarrif money, lower interest rates and more Jobs, will go a long way to increasing our GDP and Remember these are reciprocal Tarrifs, Remove your Tarrifs and trade barriers and ours go away. OR is it only America that’s not allowed to have Tarrifs?
Israel, Argentina, Vietnam and Canada have already caved. Just a matter of time before everyone else falls in line.
Re: The Official Politics Thread (enter at your own risk)
Posted: 05 Apr 2025, 14:27
by THUNDERCLINT
So we now have confirmation Biden spent his whole term asleep and shitting his britches while the country was run by unelected democratic operatives.
Wow, who knew?
Re: The Official Politics Thread (enter at your own risk)
I remember Janet Yellen telling us all that Biden’s inflation was transitory, Then having to walk it back admitting she was wrong.
All Powell has said that the odds have increased.
Todays jobs numbers came in higher than expected.
Oil prices down, Interest rates down, so is Gold. Gold/ silver ratio is at an extreme, is gold overbought? Or does Silver have some catching up to do?
Only people throwing their toys in the air are the talking head traders who are losing their shirts, probably have long positions on margin and are getting hammered with margin calls and the propogandists that want you all to believe the sky is falling. LOL
Let’s see what happens.
Might take a minute but all those countries with Tariffs and trade barriers will cave. You’ll see. Even China, they know they can’t beat the USA in a trade war.
Just give it time!
And then you Drama queens can disappear again.
Tell me why China can’t beat the USA in a trade war? The balance of trade is heavily in their favour, belt & road initiative means their trading partners are diversified across the globe, and most importantly their political set up gives them far greater tolerance to suffer the economic consequences.
Predicted inflation is not going to bring interest rates down no matter how much Trump stamps his feet. Which country do you think can suffer the pain for longer?
The USA has the world’s largest economy by far, China loses just a small part of the US consumer biz it will hurt their GDP. They are predominantly an export based economy still. The trade deficit is $300 billion in Chinas favor, the USA is already losing money and jobs to China. China has more to lose.
On top of that China has millions living in Extreme poverty with 80% plus of their population considered poor. By their own admission they need to maintain a 7% GDP growth rate to prevent civil unrest. A Tariff war has their estimate of future GDP growth at 5%. The Chinese gov’t do not want civil unrest with that many upset, starving people. They can try and find alternate trade partners but they won’t be able to make up the shortfall.
As for the USA, The stock market will rebound once it adjusts to the new economic boom all this Tariff money will bring in and new high paying Jobs. The unions seem to like it and why wouldn’t they.
90% of stocks are held by approx 8% of the population, The big winners here are the middle class who will get their jobs back, Cheaper energy costs, lower taxes and increased income will offset any threat of inflation.
You would think wealth distribution of taxing the rich to help the poor would be considered a liberal policy.
But then again you have Liberals keying other liberals Environmentally sound Green electric cars because the corrupt Dem politicians have brain washed them into thinking that Cannibalism is the right thing to do. And cutting and exposing wasteful and fraudulent Gov’ts spending is the problem. LOL
They’ve already got you believing that it’s okay to sacrifice your kids in the name of inclusion. So god only knows what they will brainwash you with next.
When is the next WEF meeting? Can’t wait to see what your puppet masters come up with next.
In the meantime pay up your NATO bill is due and Russia smells blood.
“90% of stocks are held by approx 8% of the population”
only if you view pension funds as an individual entity.
Re: The Official Politics Thread (enter at your own risk)
goose wrote: ↑04 Apr 2025, 17:24
Another one of those leftist propagandists, this time Jerome Powell (chair of the Fed)
WASHINGTON, April 4 (Reuters) - President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the U.S. central bank.
"We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation," undermining both of the Fed's mandates of 2% inflation and maximum employment, Powell said in prepared remarks to a business journalists' conference in Arlington, Virginia.
I remember Janet Yellen telling us all that Biden’s inflation was transitory, Then having to walk it back admitting she was wrong.
All Powell has said that the odds have increased.
Todays jobs numbers came in higher than expected.
Oil prices down, Interest rates down, so is Gold. Gold/ silver ratio is at an extreme, is gold overbought? Or does Silver have some catching up to do?
Only people throwing their toys in the air are the talking head traders who are losing their shirts, probably have long positions on margin and are getting hammered with margin calls and the propogandists that want you all to believe the sky is falling. LOL
Let’s see what happens.
Might take a minute but all those countries with Tariffs and trade barriers will cave. You’ll see. Even China, they know they can’t beat the USA in a trade war.
Just give it time!
And then you Drama queens can disappear again.
Tell me why China can’t beat the USA in a trade war? The balance of trade is heavily in their favour, belt & road initiative means their trading partners are diversified across the globe, and most importantly their political set up gives them far greater tolerance to suffer the economic consequences.
Predicted inflation is not going to bring interest rates down no matter how much Trump stamps his feet. Which country do you think can suffer the pain for longer?
The USA has the world’s largest economy by far, China loses just a small part of the US consumer biz it will hurt their GDP. They are predominantly an export based economy still. The trade deficit is $300 billion in Chinas favor, the USA is already losing money and jobs to China. China has more to lose.
On top of that China has millions living in Extreme poverty with 80% plus of their population considered poor. By their own admission they need to maintain a 7% GDP growth rate to prevent civil unrest. A Tariff war has their estimate of future GDP growth at 5%. The Chinese gov’t do not want civil unrest with that many upset, starving people. They can try and find alternate trade partners but they won’t be able to make up the shortfall.
As for the USA, The stock market will rebound once it adjusts to the new economic boom all this Tariff money will bring in and new high paying Jobs. The unions seem to like it and why wouldn’t they.
90% of stocks are held by approx 8% of the population, The big winners here are the middle class who will get their jobs back, Cheaper energy costs, lower taxes and increased income will offset any threat of inflation.
You would think wealth distribution of taxing the rich to help the poor would be considered a liberal policy.
But then again you have Liberals keying other liberals Environmentally sound Green electric cars because the corrupt Dem politicians have brain washed them into thinking that Cannibalism is the right thing to do. And cutting and exposing wasteful and fraudulent Gov’ts spending is the problem. LOL
They’ve already got you believing that it’s okay to sacrifice your kids in the name of inclusion. So god only knows what they will brainwash you with next.
When is the next WEF meeting? Can’t wait to see what your puppet masters come up with next.
In the meantime pay up your NATO bill is due and Russia smells blood.
Re: The Official Politics Thread (enter at your own risk)
Posted: 05 Apr 2025, 11:22
by collyrob
Re: The Official Politics Thread (enter at your own risk)
goose wrote: ↑04 Apr 2025, 17:24
Another one of those leftist propagandists, this time Jerome Powell (chair of the Fed)
WASHINGTON, April 4 (Reuters) - President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the U.S. central bank.
"We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation," undermining both of the Fed's mandates of 2% inflation and maximum employment, Powell said in prepared remarks to a business journalists' conference in Arlington, Virginia.
I remember Janet Yellen telling us all that Biden’s inflation was transitory, Then having to walk it back admitting she was wrong.
All Powell has said that the odds have increased.
Todays jobs numbers came in higher than expected.
Oil prices down, Interest rates down, so is Gold. Gold/ silver ratio is at an extreme, is gold overbought? Or does Silver have some catching up to do?
Only people throwing their toys in the air are the talking head traders who are losing their shirts, probably have long positions on margin and are getting hammered with margin calls and the propogandists that want you all to believe the sky is falling. LOL
Let’s see what happens.
Might take a minute but all those countries with Tariffs and trade barriers will cave. You’ll see. Even China, they know they can’t beat the USA in a trade war.
Just give it time!
And then you Drama queens can disappear again.
Gold and Silver are up because it's what people buy when the markets are fucked, it's not a bragging point. I thought even you would understand that
Re: The Official Politics Thread (enter at your own risk)
goose wrote: ↑04 Apr 2025, 17:24
Another one of those leftist propagandists, this time Jerome Powell (chair of the Fed)
WASHINGTON, April 4 (Reuters) - President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the U.S. central bank.
"We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation," undermining both of the Fed's mandates of 2% inflation and maximum employment, Powell said in prepared remarks to a business journalists' conference in Arlington, Virginia.
I remember Janet Yellen telling us all that Biden’s inflation was transitory, Then having to walk it back admitting she was wrong.
All Powell has said that the odds have increased.
Todays jobs numbers came in higher than expected.
Oil prices down, Interest rates down, so is Gold. Gold/ silver ratio is at an extreme, is gold overbought? Or does Silver have some catching up to do?
Only people throwing their toys in the air are the talking head traders who are losing their shirts, probably have long positions on margin and are getting hammered with margin calls and the propogandists that want you all to believe the sky is falling. LOL
Let’s see what happens.
Might take a minute but all those countries with Tariffs and trade barriers will cave. You’ll see. Even China, they know they can’t beat the USA in a trade war.
Just give it time!
And then you Drama queens can disappear again.
Tell me why China can’t beat the USA in a trade war? The balance of trade is heavily in their favour, belt & road initiative means their trading partners are diversified across the globe, and most importantly their political set up gives them far greater tolerance to suffer the economic consequences.
Predicted inflation is not going to bring interest rates down no matter how much Trump stamps his feet. Which country do you think can suffer the pain for longer?
On top of all that, China doesn't have to worry about public opinion
Re: The Official Politics Thread (enter at your own risk)
Mr Anon" wrote: ↑04 Apr 2025, 22:45
Where's "winning" Nutsin gone? Probably bought at the top of the market when Trump won bless him . I sincerely hope WHO find doesn't cater for moronic stupidity
I’m right here Anon, you’ve been following me around WHO for years. You are such a desperate little sap out seeking attention. I think I’ll continue to ignore you.
coming on here gloating over nothing really does sum you up.
Following you around for years? I never knew you existed before this/Trump thread, and I never respond to your posts in other threads, nice try though. And ignoring me went well, you managed exactly 0 posts
Re: The Official Politics Thread (enter at your own risk)
goose wrote: ↑04 Apr 2025, 17:24
Another one of those leftist propagandists, this time Jerome Powell (chair of the Fed)
WASHINGTON, April 4 (Reuters) - President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the U.S. central bank.
"We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation," undermining both of the Fed's mandates of 2% inflation and maximum employment, Powell said in prepared remarks to a business journalists' conference in Arlington, Virginia.
I remember Janet Yellen telling us all that Biden’s inflation was transitory, Then having to walk it back admitting she was wrong.
All Powell has said that the odds have increased.
Todays jobs numbers came in higher than expected.
Oil prices down, Interest rates down, so is Gold. Gold/ silver ratio is at an extreme, is gold overbought? Or does Silver have some catching up to do?
Only people throwing their toys in the air are the talking head traders who are losing their shirts, probably have long positions on margin and are getting hammered with margin calls and the propogandists that want you all to believe the sky is falling. LOL
Let’s see what happens.
Might take a minute but all those countries with Tariffs and trade barriers will cave. You’ll see. Even China, they know they can’t beat the USA in a trade war.
Just give it time!
And then you Drama queens can disappear again.
Tell me why China can’t beat the USA in a trade war? The balance of trade is heavily in their favour, belt & road initiative means their trading partners are diversified across the globe, and most importantly their political set up gives them far greater tolerance to suffer the economic consequences.
Predicted inflation is not going to bring interest rates down no matter how much Trump stamps his feet. Which country do you think can suffer the pain for longer?
Re: The Official Politics Thread (enter at your own risk)
Posted: 05 Apr 2025, 03:13
by Monsieur merde de cheval
Hillingdon Council and the local MP have been caught red handed here as sly blatant lying cunts .
Simmonds and Hillingdon council assured the locals there was nothing to see here
It's happening all over the country
Re: The Official Politics Thread (enter at your own risk)
Posted: 05 Apr 2025, 02:14
by Nutsin
goose wrote: ↑04 Apr 2025, 17:24
Another one of those leftist propagandists, this time Jerome Powell (chair of the Fed)
WASHINGTON, April 4 (Reuters) - President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the U.S. central bank.
"We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation," undermining both of the Fed's mandates of 2% inflation and maximum employment, Powell said in prepared remarks to a business journalists' conference in Arlington, Virginia.
I remember Janet Yellen telling us all that Biden’s inflation was transitory, Then having to walk it back admitting she was wrong.
All Powell has said that the odds have increased.
Todays jobs numbers came in higher than expected.
Oil prices down, Interest rates down, so is Gold. Gold/ silver ratio is at an extreme, is gold overbought? Or does Silver have some catching up to do?
Only people throwing their toys in the air are the talking head traders who are losing their shirts, probably have long positions on margin and are getting hammered with margin calls and the propogandists that want you all to believe the sky is falling. LOL
Let’s see what happens.
Might take a minute but all those countries with Tariffs and trade barriers will cave. You’ll see. Even China, they know they can’t beat the USA in a trade war.
Just give it time!
And then you Drama queens can disappear again.
Re: The Official Politics Thread (enter at your own risk)
Posted: 05 Apr 2025, 01:53
by Nutsin
Mr Anon" wrote: ↑04 Apr 2025, 22:45
Where's "winning" Nutsin gone? Probably bought at the top of the market when Trump won bless him . I sincerely hope WHO find doesn't cater for moronic stupidity
I’m right here Anon, you’ve been following me around WHO for years. You are such a desperate little sap out seeking attention. I think I’ll continue to ignore you.
coming on here gloating over nothing really does sum you up.
Re: The Official Politics Thread (enter at your own risk)
Posted: 05 Apr 2025, 01:33
by Monsieur merde de cheval
BRANDED wrote: ↑04 Apr 2025, 16:42
The coming British civil war
A very earnest and serious conversation.
It won't be a civil war though.
It will be English/Scots/Welsh/Irish Vs the enemy within and their foreign invaders
Re: The Official Politics Thread (enter at your own risk)
Posted: 05 Apr 2025, 01:27
by Monsieur merde de cheval
That Dimbledy clan are dodgy fuckers ...
Still at it now the smug liberal arse wipe cunts.
Re: The Official Politics Thread (enter at your own risk)
Posted: 04 Apr 2025, 22:45
by Mr Anon
Where's "winning" Nutsin gone? Probably bought at the top of the market when Trump won bless him . I sincerely hope WHO find doesn't cater for moronic stupidity
Re: The Official Politics Thread (enter at your own risk)
Posted: 04 Apr 2025, 17:24
by goose
Another one of those leftist propagandists, this time Jerome Powell (chair of the Fed)
WASHINGTON, April 4 (Reuters) - President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the U.S. central bank.
"We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation," undermining both of the Fed's mandates of 2% inflation and maximum employment, Powell said in prepared remarks to a business journalists' conference in Arlington, Virginia.
Re: The Official Politics Thread (enter at your own risk)
Posted: 04 Apr 2025, 16:42
by BRANDED
The coming British civil war
A very earnest and serious conversation.
Re: The Official Politics Thread (enter at your own risk)
“Not gonna happen”
“Nobody knows with any certainty”
lol
just the $2trn wiped off yesterday (and counting)
The US Economy is built on a house of cards with a foundation of 30Trillion + National Debt. Prior Administrations have ignored this and spent funny money we don't actually have on programs that we don't need or to prop up a considerable number of people on benefits or just to provide an illusion that all is well. Prior administrations have let the rest of the world use the US as a Financial Doormat by taxing US Imports and just assuming we'll support wars without end.
I don't therefore get the objection - who knows if that will eventually happen - but we have no choice but to hope that the outcome is good.
Spoken with true conviction Trump always delivers
Re: The Official Politics Thread (enter at your own risk)
Yeah , not gonna happen is my opinion. I’m not a one trick pony. I listen to El Erian but have enough sense to realize he is not always right. He has an opinion and many others share a different opinion that’s what makes a market. Nobody knows with any certainty, let’s see what happens! Now I’m done arguing with you, go argue with someone else.
“Not gonna happen”
“Nobody knows with any certainty”
lol
just the $2trn wiped off yesterday (and counting)
The US Economy is built on a house of cards with a foundation of 30Trillion + National Debt. Prior Administrations have ignored this and spent funny money we don't actually have on programs that we don't need or to prop up a considerable number of people on benefits or just to provide an illusion that all is well. Prior administrations have let the rest of the world use the US as a Financial Doormat by taxing US Imports and just assuming we'll support wars without end.
I don't therefore get the objection when steps are taken to partially redress the balance. Don't forget the Tariffs are not even a full reciprocity! Fully agree we need to live within our means and reduce the size of government. As for the markets, they would have corrected eventually for one reason or another and they will come back. I hope that along with that comes the longer term prosperity that is being promised - who knows if that will eventually happen - but we have no choice but to hope that the outcome is good.
I don't live there so i'm not going to tell you what is right or wrong for american people. I'm completely onboard with cutting government waste and foreign aid.
The economy Trump took over (while saddled with debt) was actually heading in the right direction. Unemployment was low and growth was positive. It wasn't perfect but you could see the routes to recovery as inflation was slowing.
What he has done now may well be a masterstroke in the long run, but we will see. But what i will say is America doesn't exist in a vacuum - these decisions have far reaching implications.
One thing is sure, it is never dull.
Re: The Official Politics Thread (enter at your own risk)
Yeah , not gonna happen is my opinion. I’m not a one trick pony. I listen to El Erian but have enough sense to realize he is not always right. He has an opinion and many others share a different opinion that’s what makes a market. Nobody knows with any certainty, let’s see what happens! Now I’m done arguing with you, go argue with someone else.
“Not gonna happen”
“Nobody knows with any certainty”
lol
just the $2trn wiped off yesterday (and counting)
The US Economy is built on a house of cards with a foundation of 30Trillion + National Debt. Prior Administrations have ignored this and spent funny money we don't actually have on programs that we don't need or to prop up a considerable number of people on benefits or just to provide an illusion that all is well. Prior administrations have let the rest of the world use the US as a Financial Doormat by taxing US Imports and just assuming we'll support wars without end.
I don't therefore get the objection when steps are taken to partially redress the balance. Don't forget the Tariffs are not even a full reciprocity! Fully agree we need to live within our means and reduce the size of government. As for the markets, they would have corrected eventually for one reason or another and they will come back. I hope that along with that comes the longer term prosperity that is being promised - who knows if that will eventually happen - but we have no choice but to hope that the outcome is good.
Re: The Official Politics Thread (enter at your own risk)
Posted: 04 Apr 2025, 12:48
by violator
Yank owned company that Mrs V works for (no link, site, dogs etc) is being floated this month and they were all given shares which were projected to be worth about 14 grand...today they are worth about the price of a night out in Wetherspoons
Re: The Official Politics Thread (enter at your own risk)
Posted: 04 Apr 2025, 11:55
by goose
Breaking
China has just said it will add a 34% tariff on US goods starting from 10 April.
Its finance ministry says the US tariffs on Chinese products are "not in line with international trade rules".US President Donald Trump has announced 54% tariffs on China, which include previous duties already in place. That makes China one of the hardest-hit countries on America's tariff list.
oh dear, good job the US doesn't have a trade deficit of near £300bn with China..............