President Trump 2.0

[1andrew1]

Originally Posted by papa smurf

Is Narnia on the list

No, you're getting mixed up with Atlantis which definitely is!

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Originally Posted by Hugh

New on @MSNBC:

KKKaroline Leavitt, the White House press secretary, said "you wouldn’t know these countries, they go to a different school"

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Originally Posted by Pierre

[Posted July 2024]

I'll also make it clear, my position hasn't changed.

That I really don't care that much, but just for entertainment value I think it would be hilarious if Trump won, just to see everybody lose their minds over it.

Do you still feel that way?

Is "Cloud Cookoo Land" on the list, it should be.

https://www.bbc.co.uk/news/live/cn4j...c12b08215#post

The New York Stock Exchange saw massive gains yesterday but it was a different story when trading opened a short while ago.

The S&P 500 index of the largest firms listed in the US opened down 2.1%, the Dow Jones index was down 1.6% and the Nasdaq was down 2.8%.

In contrast, European and Asian markets saw gains earlier today.

There is clearly still a lot of uncertainty about the medium-term economic picture

[papa smurf]

Originally Posted by Paul

Is "Cloud Cookoo Land" on the list, it should be.

Fantasy island is thou

[1andrew1]

Originally Posted by Sephiroth

So, you want Trump's 20% tariff? You don't want the UK to have a global free hand?

That aged well.

Trump's 'Brexit dividend' lasted less than Liz Truss did as PM!

[Sephiroth]

Originally Posted by 1andrew1

That aged well.

Trump's 'Brexit dividend' lasted less than Liz Truss did as PM!

Well done - dodging a proper answer.

[Pierre]

Originally Posted by Chris

His unreliability is no longer something to argue over on the internet, it has just cost a lot of people a lot of money.

And made some a lot!!

Stock Market crash yesterday, stock market bounce back today……….

Some made some money over the last 48hrs.

That’s just an observation, nothing more.

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Originally Posted by 1andrew1

Do you still feel that way?

Absolutely.

This is box office.

It’s what was promised and it hasn’t disappointed so far, and it’s only April.

Originally Posted by Pierre

And made some a lot!!

Stock Market crash yesterday, stock market bounce back today……….

Some made some money over the last 48hrs.

That’s just an observation, nothing more.

It looks very much like when he realised he had to capitulate, he signalled just soon enough for his mates to play the market and make a small fortune. There have been MAGA bots all over Twitter ever since, trying to make out this is all part of a master plan.

However, Robert Peston’s analysis this evening is very interesting and well worth a read.

https://x.com/peston/status/19104089...56-Kgau3lzowJw

He may not have acknowledged this to himself, yet, but the global financial tumult he caused - and has temporarily eased - has locked him in a fiscal prison.

Because, as I have been saying for 24 hours, he came perilously close yesterday to having caused such an extreme fall in the price of US government debt that it would have become prohibitively expensive for his administration to fund a large deficit - more than 6% of GDP - and also to refinance the almost $8 trillion of government debt that matures in the coming year (almost a third of America’s sovereign debt).

The point is he is totally in hock to the good will of bonds investors.

And when he announced his reckless roster of massive tariffs eight days ago he alienated them, because they feared he would tank the economy such that tax revenues would plummet and the deficit would balloon.

So they sold US government bonds, Treasuries, and the yield on the bonds - the de facto interest rate - soared.

Which is why Trump blinked, and put on hold the more extreme tariffs, except for the 140% on China, for 90 days.

You might think the worst part of this is the uncertainty he has created for businesses and investors for the next 90 days. Since no one in their right minds would make a major US investment till the final tariff determinations are made.

But the cancerous uncertainty is not the worst of it.

The worst of it is he has shredded any respect that overseas governments and investors might have had for America’s economic and fiscal competence.

He has absolutely no clue what he is doing.
He just want to show off how "big and powerful" he his.

He made this clear when he boasted ;
"I'm telling you, these countries are calling us up kissing my ass."

Then he found out he was playing with forces far more powerful than himself ... and doing badly.

Originally Posted by Pierre

And made some a lot!!

Stock Market crash yesterday, stock market bounce back today……….

Some made some money over the last 48hrs.

That’s just an observation, nothing more.

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Absolutely.

This is box office.

It’s what was promised and it hasn’t disappointed so far, and it’s only April.

"Stock Market bounce back today"

https://www.wsj.com/livecoverage/sto...e-war-04-10-25

U.S. stocks fell sharply Thursday, as investors sort through a global economic outlook that remains uncertain despite drastic improvements over the past 24 hours.

The declines accelerated after the White House said the tariffs imposed on China by President Trump in his second term add up to 145%, not the 125% it previously indicated. Stocks then pared those losses in afternoon trading.

The Nasdaq Composite, which posted its biggest gain in more than two decades on Wednesday, ended 4.3%lower. The Dow Jones Industrial Average shed 1,015 points, or 2.5%.

So much winning…

[Pierre]

Originally Posted by Hugh

"Stock Market bounce back today"

https://www.wsj.com/livecoverage/sto...e-war-04-10-25





So much winning…

Ok, fell, bounce back bigly, fell again.

After Trump announced a 90-day tariff reprieve on Wednesday, the S&P 500 surged 9.5%, the largest one-day percentage jump since October 2008. The tech-heavy Nasdaq soared 12.2%, notching its second-biggest daily gain on record.

https://www.reuters.com/markets/us/f...al-2025-04-10/

[papa smurf]

Captain cave in strikes again

Trump exempts smartphones and computers from new tariffs

US Customs and Border Patrol published a notice late on Friday explaining the goods would be excluded from Trump's 10% global tariff on most countries and the much larger Chinese import tax.

The move comes after concerns from US tech companies that the price of gadgets could skyrocket, as many of them are made in China.

The exemptions also include other electronic devices and components, including semiconductors, solar cells and memory cards.


https://www.bbc.co.uk/news/articles/c20xn626y81o

[Stephen]

What a loser. Can't stick to a plan

Originally Posted by Stephen

What a loser. Can't stick to a plan

Certainly not a plan that would cost his party a lot of votes.

[Jaymoss]

Originally Posted by papa smurf

Captain cave in strikes again

Trump exempts smartphones and computers from new tariffs

US Customs and Border Patrol published a notice late on Friday explaining the goods would be excluded from Trump's 10% global tariff on most countries and the much larger Chinese import tax.

The move comes after concerns from US tech companies that the price of gadgets could skyrocket, as many of them are made in China.

The exemptions also include other electronic devices and components, including semiconductors, solar cells and memory cards.


https://www.bbc.co.uk/news/articles/c20xn626y81o

saw a chinese guy on tiktok saying look at all the things I bought from the US holding up empty hands then says wonder that the average American owns from China. They are laughing at Trump and as an official said on Radio 2 yesterday China could live twithout the US no worries