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Punters react to the tariff announcements – politicalbetting.com
Punters react to the tariff announcements – politicalbetting.com
Last year I regularly posted on PB that the economic polling would presage a Trump victory, particularly on the cost of living issue Trump’s tariffs will push up prices to a rather high level and that will bugger up the Republican Party.
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This is really unfair to everyone who just voted for him for the racism.
https://bsky.app/profile/kenjennings.bsky.social/post/3lm6oqv6vks26
Trump calls for Europe to pay reparations to the US: "We put a big tariff on Europe. They are coming to the table. They want to talk, but there's no talk unless they pay us a lot of money on a yearly basis number one for present but also for past."
https://x.com/atrupar/status/1909034677727272997
What a shame.
Trump: We're on track to fully eliminate capital gains tax in 2025
https://x.com/itsCblast/status/1909014434380714457
MOE !
Maybe we all make like Zero Mostel and Gene Wilder in The Producers?
SUPER -CALLOUS -FACIST -RACIST -SEXIST -NAZI -POTUS
https://x.com/Acyn/status/1908230980600791055
https://x.com/neilsocialist/status/1908937011177676997?s=61&t=LYVEHh2mqFy1oUJAdCfe-Q
America voted for this. I hope they enjoy Gilead. Because we know where this is going. The US vs ROW trade war makes Murica even more insulated. One of the free speech things they are trying to ram down our throats is the "christian" right funding anti-Abortion campaigners here. As the US closes its borders to the world, with illegal aliens being rounded up out of their homes and workplaces, the womenfolk are next.
As the rout continues this week I hope that global consumers apply even more pressure as Canadian ones have done.
The good news is that, in a fair and balanced election, the rubes don't need to recant, they just need to stay home on the next polling day. That's much easier emotionally. (We saw something a bit similar here in both 1997 and 2024.)
That does depend on future US elections being sufficiently fair and balanced, which is a bit of a tricky call at the best of times.
The Liverpool Echo had the original headline
"SUPER CALLY GOES BALLISTIC, QPR ATROCIOUS" after Ian Callaghan tore apart Queens Park Rangers has been much mimicked.
https://www.bbc.co.uk/news/blogs-magazine-monitor-23878907
Scotland has this entry.
"Drunken bucking bronco gran jailed for biting Orangemen's legs at Ayrshire village fun day".
This is going to be one of those days where positions move by hundreds of pounds in just minutes.
@IGcom
🚨 Defence stocks dive
Rolls-Royce sinks another 12%
Rheinmetall down 20%
FTSE 100 has tumbled from record highs to a 1-year low in just a month.
Banks really being hit in this Monday morning sell off: Bank of Ireland down 6.6%, AIB down 5.8%. Natwest down 8.6%. Hsbc down 5.5%
If she's feeling bold.
That quote made me think of a man standing on a ledge at the top of a tall building. Lots of people will want to negotiate with him too. It doesn't mean he's in an incredibly good position.
There was a lot wrong too, a large trade deficit, a significant, if declining, fiscal deficit and very little improvement in the standard of living for many Americans. But compared with what they have now, it was nirvana.
Appeals court judges rule in favor of tossing thousands of ballots in close NC supreme court race
Isn't it already ?
The world order has changed and a new one excluding the US is urgently needed to be formed
Are the world's leaders upto it ?
With markets in free fall, presumably we will hear from the Fed, ECB, the Bank of England and other major central banks today that they will look through the inflationary impact of tariffs and start providing liquidity (cheaper money, lower interest rates). Any markets floor however can’t be found till we hear from Trump and other leading economies that the trade war will NOT be ratcheted up
https://x.com/Peston/status/1909143995936014548
The people at the top had it great, those at the bottom less so.
How can somebody persuade him he won the trade war so he can stop now...
This is also true in America. A few of us were pointing out just how bad things were in the real world back when Rishi had supposedly stabilised the ship and delivered "tax cuts". In reality as prices went up and people saw the "tax cuts" increase the amount of tax they were paying, the anger increased.
Murica voted for Trump because he offered crayon solutions having actually listened to their problems. In Britain an awful number of people are going to vote for Reform for the exact same reason.
AI offers this
"The phrase "It'll All Be Over by Xmas" is a reference to the 1988 album by The Goo Goo Dolls, titled "It's Christmas All Over", which was a collection of Christmas songs, including some original tracks and covers."
How many American politicians, or even Americans in general, are bothered about that ?
Are you sure he's not a communist?
There doesn't seem to be a great deal of analysis of what happens when those voters take notice
To be honest, at first I did wonder if this were one of those situations where it all blows over and settles down, but at what point do we start doing this a crash. The numbers are shocking this morning.
And this is part of Trumps medicine? To make normal Americans poorer?
Too early to say how this works out.
Well they'll be doing badly in real life now.
1) Garcia, not a USA national, lives in USA and a court order is in force forbidding his removal.
2) He has been captured and sent to an El Salvador prison with no process or rights
3) The USA government agrees it was a mistake and they have acted illegally
4) A judge has ordered his return to the USA by the end of today
5) The USA government has said "Can't, won't".
It is being followed in detail by Brian Tyler Cohen. The latest:
https://www.youtube.com/watch?v=AOTgWhdkSZk
The art of the squeal...
Hence after every change of government, here or there, we get discussions on it, but it simply won't happen.
So as you correctly state - it's not going to happen...
Where does the opposition come from?
Sorry to go all Godwin, but it is Nazi Germany all over again.
I should know better by now but I'm surprised quite how sheep like the reaction has been. He's been saying he's going to do this for months.
Sorry, did I say “nice”? I meant, “bonkers”.
Trump is not stopping the rot. He has no understanding of how anything works. He has wrecked the world economy. He is ignoring the rule of law at home. He is going to make Americans, and us, poorer.
It will also enable unproductive agricultural land (and labour and capital) to be used for productive purposes such as houses or industry.
The government, dismal in most respects, has made a decent start by gradually reducing farm subsidies since we left the EU and removing the indefensible inheritance tax exemption but needs to go much further and faster.
Of course the farmers and their protectionist Trumpian allies will complain, as they always do with anything that smacks of economic literacy.
You know, that coffee you don't produce. And have to import.
With tariffs.
But the GOP are still a long way off recognising that.
You just jump on the usual Trump bandwagon and scream like a banshee.
In fact in Trump 1.0 he called several things right. Europeans not carrying their fair share of defence, over dependency of Russian energy, China.
In Trump 2.0 it will be the same he will get some things right and some things wrong. Some of them like tariffs will impact the UK, but the UKs problems fundamentally can only be solved by the UK and Trump is just a distraction.
They were half right
***Reviews capital adequacy requirements***
Roger, I was interested in your views on that awful Labour ad featuring Kemi and, I think, Farage. Has it been pulled?
The lesson of the last couple of crashes is that the good falls along with the bad.
And nothing recovers in a hurry.
Everyone would have stopped reading at the point where a former stock broker from Dulwich assisted by an old Etonian Foreign Secretary who dresses like a clown and attends KGB run parties in Italy, engineers Britain out of the World 's largest friction free trade organisation.