Don't travel to the US, and if you really must go, don't fly on an American airline.
And insist that it is sulphur. Not sulfur.
I was honestly struggling to think of any US products that I consume. Arguably my iPhone, albeit it was almost certainly not built there. I have 2 HP laptops but, again, it is somewhat unlikely either were made in the US. Some software certainly. The occasional bottle of wine but I am trying to cut back on that generally. Am I missing something obvious?
Films, TV shows and Netflix are much easier to spot. Much more of what we would call services than goods.
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
Don't travel to the US, and if you really must go, don't fly on an American airline.
And insist that it is sulphur. Not sulfur.
I was honestly struggling to think of any US products that I consume. Arguably my iPhone, albeit it was almost certainly not built there. I have 2 HP laptops but, again, it is somewhat unlikely either were made in the US. Some software certainly. The occasional bottle of wine but I am trying to cut back on that generally. Am I missing something obvious?
Films, TV shows and Netflix are much easier to spot. Much more of what we would call services than goods.
I was discussing this with my husband. Boycotting American made goods is relatively easy. Boycotting goods from American owned companies is almost impossible.
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
Don't travel to the US, and if you really must go, don't fly on an American airline.
And insist that it is sulphur. Not sulfur.
I was honestly struggling to think of any US products that I consume. Arguably my iPhone, albeit it was almost certainly not built there. I have 2 HP laptops but, again, it is somewhat unlikely either were made in the US. Some software certainly. The occasional bottle of wine but I am trying to cut back on that generally. Am I missing something obvious?
Films, TV shows and Netflix are much easier to spot. Much more of what we would call services than goods.
I wonder how many of the 43% have visited (or would visit if they could) America and eaten chlorinated chicken there without giving it a second thought or keeling over from food poisoning, gassing or whatever you're supposed to get?
Read for 'clorinated chicken' an unwholesome chemical poison.
I have little idea why Trump did this and no time for him whatsoever but hasn't the US been done over by its trade partners and is Trump just redressing the balance and correcting it's massive deficit.?
My Stepdad was all in favour of reciprocal tariffs from the U.K. on the USA until I pointed out that he would end up paying more for his weekly bottle of JD.
He’s a bit of an old soak, but a decent chap.
We should impose a supertax on American gut-rot.
British spirits for British drinkers.
I’m rather partial to East European and Mediterranean spirits personally, apart from Ouzo. So fine by me.
JD is overrated.
Indeed.
Making him Veep was further proof of how big a twat Dj is.
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
No it isn't.. for starters US football allows forward passes and has ridiculous words such as scrimmage instead of scrummage. .
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
No surprise a plurality of Leave voters see the lower 10% tariff on UK imports from the US as a benefit of Brexit while a plurality of Remain voters don't
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Are you denying that cheap money is inflationary?
I had this argument with Barty over many years. I claimed increasing the money supply was inflationary. He claimed "good" and "bad" inflation.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy. We have no idea what Starmer is doing because he is wisely keeping his cards close to his chest...
And last but not least if you think Trump is winning you must be pissed or stoned
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Are you denying that cheap money is inflationary?
I had this argument with Barty over many years. I claimed increasing the money supply was inflationary. He claimed "good" and "bad" inflation.
I think @viewcode has just misunderstood my argument and thinks I am saying that cheap goods caused inflation when I am actually saying that they caused us to adopt inflationary policies because we believed that deflation in consumer prices had to be avoided.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Once again bond yields up on down day. No flight to safety. Worrying.
Gold down on the week too. Basically, the market is forecasting lower earnings for all major businesses going forward than had been priced in a couple of weeks ago but nothing else looks attractive, certainly not government IOUs.
Don't travel to the US, and if you really must go, don't fly on an American airline.
And insist that it is sulphur. Not sulfur.
I was honestly struggling to think of any US products that I consume. Arguably my iPhone, albeit it was almost certainly not built there. I have 2 HP laptops but, again, it is somewhat unlikely either were made in the US. Some software certainly. The occasional bottle of wine but I am trying to cut back on that generally. Am I missing something obvious?
Films, TV shows and Netflix are much easier to spot. Much more of what we would call services than goods.
Yeah, it can't be done. I don't consume American food. I don't have American stuff. I do use American services as does practically everyone.
A boycott of American services means not using computers, not using payment services, and not consuming American streaming media. Unlikely.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Don't travel to the US, and if you really must go, don't fly on an American airline.
And insist that it is sulphur. Not sulfur.
I was honestly struggling to think of any US products that I consume. Arguably my iPhone, albeit it was almost certainly not built there. I have 2 HP laptops but, again, it is somewhat unlikely either were made in the US. Some software certainly. The occasional bottle of wine but I am trying to cut back on that generally. Am I missing something obvious?
Films, TV shows and Netflix are much easier to spot. Much more of what we would call services than goods.
Wine?
Raisins?
Grapefruit?
And if you eat Hershey Bars, commiserations.
2 big things: 1. Oil, 2. Gas.
Because the US also exports services we forget it’s a petro state.
Biq question is does China need to sell stuff more to the US or does the US need to buy more from China ?
Also: Does the US need to sell stuff more to China or does China need to buy more from the US?
Each country will be looking for alternative markets for their surplus products, and alternative supplies for their essential imports.
The US exports about $15b of soyabeans to China. Can China source them from elsewhere? Where else can the US sell them?
China exports about $23b of plastics to the US. Where else can it sell them? And where else can the US source them?
China has the option of increasing domestic consumption to absorb that $23bn of plastics, and quite possibly some American imports as well. The US will find it a lot more painful trying to reduce consumption so that they do not consume or import quite as much. Basically China has the stronger hand and better options here. Trump has done as well with this as he did with his casinos.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
Not inconceivable that it ends in a deal much more favourable to Murica than was the case before. In which case, Trump wins.
How does that happen?
"Tariffs" are trade imbalances. Europe can't "lift" its tariffs because they don't exist. VAT is not a tariff, and making Murican imports VAT-free isn't going to happen.
Let's look at trade. Europe already consumes large amounts of American services - financial, online, cultural. It doesn't buy large amounts of America goods because American goods are largely unsuitable for our consumers. We won't open the market to craphole American "food" and even if Trump tried to force it our consumers won't eat food which is more expensive and lower quality than they already have.
MAGA seems to believe the lie as the truth. Which is nice, but its as valid as screwing your eyes up and saying " I Believe in Fairies"
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Are you denying that cheap money is inflationary?
I had this argument with Barty over many years. I claimed increasing the money supply was inflationary. He claimed "good" and "bad" inflation.
I think @viewcode has just misunderstood my argument and thinks I am saying that cheap goods caused inflation when I am actually saying that they caused us to adopt inflationary policies because we believed that deflation in consumer prices had to be avoided.
Ah, I see what you meant. I'm not sure I agree with you, but at least I see what you're saying now.
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Are you denying that cheap money is inflationary?
I am denying that cheap goods are inflationary.
They are when some drongo sticks a 104% tariff on them.
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Are you denying that cheap money is inflationary?
I am denying that cheap goods are inflationary.
They are when some drongo sticks a 104% tariff on them.
Hey, America, this is one of the many reasons why we urged you not to vote for this drug addled, senile, stupid, lazy, inept old fucker.
There were other reasons, too, but just remember, you voted for this mess, and you own the results.
Don't travel to the US, and if you really must go, don't fly on an American airline.
And insist that it is sulphur. Not sulfur.
I was honestly struggling to think of any US products that I consume. Arguably my iPhone, albeit it was almost certainly not built there. I have 2 HP laptops but, again, it is somewhat unlikely either were made in the US. Some software certainly. The occasional bottle of wine but I am trying to cut back on that generally. Am I missing something obvious?
Films, TV shows and Netflix are much easier to spot. Much more of what we would call services than goods.
Though support for USA media outlets, both old style mainstream and newer forms, that are providing excellent news coverage, critique, comment and some humour, should be kept up.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
Not inconceivable that it ends in a deal much more favourable to Murica than was the case before. In which case, Trump wins.
How does that happen?
"Tariffs" are trade imbalances. Europe can't "lift" its tariffs because they don't exist. VAT is not a tariff, and making Murican imports VAT-free isn't going to happen.
Let's look at trade. Europe already consumes large amounts of American services - financial, online, cultural. It doesn't buy large amounts of America goods because American goods are largely unsuitable for our consumers. We won't open the market to craphole American "food" and even if Trump tried to force it our consumers won't eat food which is more expensive and lower quality than they already have.
MAGA seems to believe the lie as the truth. Which is nice, but its as valid as screwing your eyes up and saying " I Believe in Fairies"
Trump's MO is to come out with horrible positions so what comes after seems reasonable. If it works - and it might - the response might be 'ok America, we'll remove our regulations on American food/tech whatever in response for a return to the untariffed world we used to inhabit.' Resulting in a better situation for Murica than previously.
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
Everyone thinks Trump wants balanced trade. He does not.
He wants to force allies to stop trading with China. Completely. Zero inbound supply.
Because it’s not just because of American jobs. It’s a proactive move to slow down Chinas industrial rise.
Everything is downstream of this. Reserve currency status. The ability to address fiscal debt.
It’s a crazy risk because China has a vote.
It’s a crazy risk because you are forcing Europe to commit seppeku because they have very little leverage or say in the matter.
It’s a crazy risk because Xi might bomb the fabs in Taiwan and the world doesn’t get AGI.
It’s a crazy risk because China knows how financialized we are and will dump bonds and equities to drive anger towards trump.
But it also has benefits if it works.
If your allies can’t trade with China there is no near peer competitor to worry about.
That has a ton of benefits. Just look at what happened after WW2/USSR collapse when American was the last man standing.
Hegemony.
Trumps advisors like Miran believe that you can coerce your allies to pay for your security umbrella in the form of buying longer dated treasuries.
This removes the overhangs of the debt load while allowing you to pump markets in time for midterms.
If Mexico can’t import from China then you solved the fentanyl crisis because they won’t have precursors.
More importantly by establishing a tolerance for risk the level of fear you can instill in cartels is an order of magnitude higher.
“Shit if they risked WW3 they won’t think twice about droning Sinaloa. “
This same “logic” applies to the Middle East.
Now I will repeat for the 100x that this is not advocacy.
I’m only telling you guys what the people in power believe. And I’m telling you that what happens next if I’m right will come down to how Xi wants to fight.
He can go gloves off or glove on. There are real constraints as I have outlined in prior tweets.
But there is a plan and therefore the tolerance for market pain is way way higher than you think.
Because first you need Europe to be willing to commit economic seppuku. And they won’t want to (rightly). So Trump will crush them economically until they cry uncle. And then they still won’t want to and he’s going to threaten to defang NATO. And then they still won’t want to and he will withdraw swap lines.
Or a lot more likely, he will do it all very forcefully and all at once to maximize leverage.
Now you’ll rightly ask… why wasn’t this messaged better? Why have midwits like Lutnik on the team?
Because you are attempting to execute a reckless gambit where the big variables are not what the tariffs rates are. Or if you tariff penguins. Or if the person sounds dumb on TV. Non of that matters.
My mate has a 30m long open fence line that gets sun all day. We've bought fifteen hop plants - three each of Centennial, Cascade, Challenger, Chinook and Mount Hood
The first is the favourite of our supplier, and we're using the first two in our current beers
I don't know how much we can produce, but hops are almost a third of our current ingredients cost
Even if we can't make much, a few brews made with homegrown hops would be awesome
Couple of years back we came across hops growing up a telegraph pole and wire on a country lane near us. Just down the road from a bullace bush. Two sadly rare finds loose in the wild. Not been able to find them again at fruiting time, sadly.
I have little idea why Trump did this and no time for him whatsoever but hasn't the US been done over by its trade partners and is Trump just redressing the balance and correcting it's massive deficit.?
No, that is not what happened and not how international trade works. It is possible Trump believes something like that but if so, he is not even wrong as the saying goes. VAT is not a tariff. Countries with whom America has a trade deficit are not setting out to undermine the United States. The dollar's status as reserve currency is not a Chinese conspiracy.
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Are you denying that cheap money is inflationary?
I am denying that cheap goods are inflationary.
They are when some drongo sticks a 104% tariff on them.
Hey, America, this is one of the many reasons why we urged you not to vote for this drug addled, senile, stupid, lazy, inept old fucker.
There were other reasons, too, but just remember, you voted for this mess, and you own the results.
He's going to claim this whole shebang is running like a Swiss watch on a 25% tariff.
Raskin: The basis for this most destructive trade war in the history of the world is the profound economic research and policy writings of one Ron Vera, a completely fictional economist conjured up by Peter Navarro, a real person who Elon Musk just called a moron
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
No it isn't.. for starters US football allows forward passes and has ridiculous words such as scrimmage instead of scrummage. .
Thanks to NZ inspired rule tinkering union also seems to allow forward passes most of the time. Some bullshit about players momentum making it seem that passes are forward when they are not…
Raskin: The basis for this most destructive trade war in the history of the world is the profound economic research and policy writings of one Ron Vera, a completely fictional economist conjured up by Peter Navarro, a real person who Elon Musk just called a moron
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
No it isn't.. for starters US football allows forward passes and has ridiculous words such as scrimmage instead of scrummage. .
Thanks to NZ inspired rule tinkering union also seems to allow forward passes most of the time. Some bullshit about players momentum making it seem that passes are forward when they are not…
League’s very twitchy about forward passes and being offside.
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
Why would cheap goods from China create inflation?
(And what is "artificial" inflation?)
Cheap imports would ordinarily lead to deflation, which is a problem because we've (wrongly) decreed that inflation below 2% is bad, so we have inflationary policies to counteract this.
We should embrace deflation to pass on the benefits of globalisation to ordinary people.
This is a very rare occasion when I agree with you, William. When there is "supply side" inflation, there is reluctance to use monetary methods to reduce it, but when there is supplyl side deflation, e.g. that caused by globalisation and China entering world markets, they (governments and centra banks) are too quick with the monetary inflation.
Raskin: The basis for this most destructive trade war in the history of the world is the profound economic research and policy writings of one Ron Vera, a completely fictional economist conjured up by Peter Navarro, a real person who Elon Musk just called a moron
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy. We have no idea what Starmer is doing because he is wisely keeping his cards close to his chest...
And last but not least if you think Trump is winning you must be pissed or stoned
[shy, sussed face] I’ve had a couple of glasses of wine.
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
No it isn't.. for starters US football allows forward passes and has ridiculous words such as scrimmage instead of scrummage. .
Thanks to NZ inspired rule tinkering union also seems to allow forward passes most of the time. Some bullshit about players momentum making it seem that passes are forward when they are not…
League’s very twitchy about forward passes and being offside.
Gerrem onside is a favourite shout.
Long term fan of Bath. Constantly amused by my fellow supporters lack of understanding of the spectacle in front of them. The idea that there is only an offside during scrums, line outs, mauls and rucks is beyond them.
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
Not inconceivable that it ends in a deal much more favourable to Murica than was the case before. In which case, Trump wins.
How does that happen?
"Tariffs" are trade imbalances. Europe can't "lift" its tariffs because they don't exist. VAT is not a tariff, and making Murican imports VAT-free isn't going to happen.
Let's look at trade. Europe already consumes large amounts of American services - financial, online, cultural. It doesn't buy large amounts of America goods because American goods are largely unsuitable for our consumers. We won't open the market to craphole American "food" and even if Trump tried to force it our consumers won't eat food which is more expensive and lower quality than they already have.
MAGA seems to believe the lie as the truth. Which is nice, but its as valid as screwing your eyes up and saying " I Believe in Fairies"
Trump's MO is to come out with horrible positions so what comes after seems reasonable. If it works - and it might - the response might be 'ok America, we'll remove our regulations on American food/tech whatever in response for a return to the untariffed world we used to inhabit.' Resulting in a better situation for Murica than previously.
That's the dream.
And I think that's what Silicon Valley - and the US business community more generally - thought would happen.
Some deregulation, some strategic use of tariffs...
But the fundamental issue is this: Europe consumes American things! We have Apple and Android phones. And Windows and Apple computers. And Procter & Gamble washing powder.
But those American companies don't make their products in America anymore.
And somehow, that is Europe (and Australia and Brazil and New Zealand)'s fault.
The EU, in total, collects just €28bn in tariffs, of which slightly more than half is on Chinese goods. The ECB is not manipulating the value of the Euro. VAT is applied equally on all goods.
It's just that American companies selling American designed products into Europe chose to manufacture them in low cost countries. And that is somehow Europe's fault.
Europe does have faults: specifically, it underconsumes. The bloc as a whole runs a trade surplus of €147bn. The EU should be buying more of the cars it makes, rather than lending money to the US so that they can buy them.
That's not a masterplan, though, that's plain and simple stupidity, that enrichens the US and impoverishes Europe.
Europe does have faults: specifically, it underconsumes. The bloc as a whole runs a trade surplus of €147bn. The EU should be buying more of the cars it makes, rather than lending money to the US so that they can buy them.
BMW at one time had a US promotion. You could get a discount if you collected your car from the factory.
So you fly from the US to Munich and "collect" you car, which has temporary German plates and insurance. You drive it round Europe for a week or two.
Then you take it back to the factory where BMW put it in a container and ship it to you in the US.
BMW paid for Americans to have a European vacation.
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
What's baffling is that she clearly believes this nonsense.
She's only a kid really, though she appears younger in terms of insight and wisdom. What on earth is her career going to be once all this is over? Is there a market for serial lying fascist leaning bimbos of limited intellectual calibre in later life?
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
What's baffling is that she clearly believes this nonsense.
She's only a kid really, though she appears younger in terms of insight and wisdom. What on earth is her career going to be once all this is over? Is there a market for serial lying fascist leaning bimbos of limited intellectual calibre in later life?
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
What's baffling is that she clearly believes this nonsense.
It's a form of belief called blind faith
I don't know if you've watched the White Lotus season 3, but in it one of the characters says: There's a line between positive thinking and delusional... And you crossed that line
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
No it isn't.. for starters US football allows forward passes and has ridiculous words such as scrimmage instead of scrummage. .
Thanks to NZ inspired rule tinkering union also seems to allow forward passes most of the time. Some bullshit about players momentum making it seem that passes are forward when they are not…
League’s very twitchy about forward passes and being offside.
Gerrem onside is a favourite shout.
Long term fan of Bath. Constantly amused by my fellow supporters lack of understanding of the spectacle in front of them. The idea that there is only an offside during scrums, line outs, mauls and rucks is beyond them.
I once tried to understand the rules of rugby, but in the end decided to stick to translating the dead sea scrolls into Amharic to keep life simple. A rugby playing friend tells me that the players don't understand them either.
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Are you denying that cheap money is inflationary?
I am denying that cheap goods are inflationary.
If the price of cheap goods increase, that’s inflationary. The the price of expensive goods falls, that’s deflationary. Nothing to do with the original price.
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
No it isn't.. for starters US football allows forward passes and has ridiculous words such as scrimmage instead of scrummage. .
Thanks to NZ inspired rule tinkering union also seems to allow forward passes most of the time. Some bullshit about players momentum making it seem that passes are forward when they are not…
League’s very twitchy about forward passes and being offside.
Gerrem onside is a favourite shout.
Long term fan of Bath. Constantly amused by my fellow supporters lack of understanding of the spectacle in front of them. The idea that there is only an offside during scrums, line outs, mauls and rucks is beyond them.
I once tried to understand the rules of rugby, but in the end decided to stick to translating the dead sea scrolls into Amharic to keep life simple. A rugby playing friend tells me that the players don't understand them either.
It’s not that bad, but there are an awful lot of technical rules, mostly around the tackle situation. And the game has changed hugely since I last played to a decent level (U21 sides of what are now premiership clubs) in a way that football hasn’t. I think if you watch football from the 1980s it’s mostly the same as now, but rugby is a totally different game.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
Too simplistic. Great differences between the series within the two broad categories. For instance Matt Smith and Peter Capaldi had superb, timeless episodes, whereas anything that Chris Chibnall wrote just makes you feel that it’s endless… And how do you compare the gothic phase of Tom Baker with the exuberant nonsense of his brother Colin?
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
As much as it sucks for those affected*, I do kinda hope so. Not had this much fun since 2008.
In my "long term" investing I've currently set myself to average in daily over a 500 day period. Bottom pickers get smelly fingers n all that. But a 50% crash seems perfectly plausible.
But I’m consistently good at avoiding baseball references in work. We need to enforce a complete boycott of baseball terminology, and introduce more cricket, rugby and football into biz jargon.
Out with touch base, circle back, wheelhouse, curveball, three strikes and you’re out; in with close of play, sticky wicket, straight bat, stumped, open goal, kicked into touch, back of the net, and scrum teams.
That's a bit of a left-field idea.
Rugby is just American "football" without the namby-pamby armor, er, I mean armour!
No it isn't.. for starters US football allows forward passes and has ridiculous words such as scrimmage instead of scrummage. .
Thanks to NZ inspired rule tinkering union also seems to allow forward passes most of the time. Some bullshit about players momentum making it seem that passes are forward when they are not…
League’s very twitchy about forward passes and being offside.
Gerrem onside is a favourite shout.
Long term fan of Bath. Constantly amused by my fellow supporters lack of understanding of the spectacle in front of them. The idea that there is only an offside during scrums, line outs, mauls and rucks is beyond them.
I once tried to understand the rules of rugby, but in the end decided to stick to translating the dead sea scrolls into Amharic to keep life simple. A rugby playing friend tells me that the players don't understand them either.
It's why the players don't argue with the referee.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
Everyone thinks Trump wants balanced trade. He does not.
He wants to force allies to stop trading with China. Completely. Zero inbound supply.
Because it’s not just because of American jobs. It’s a proactive move to slow down Chinas industrial rise.
Everything is downstream of this. Reserve currency status. The ability to address fiscal debt.
It’s a crazy risk because China has a vote.
It’s a crazy risk because you are forcing Europe to commit seppeku because they have very little leverage or say in the matter.
It’s a crazy risk because Xi might bomb the fabs in Taiwan and the world doesn’t get AGI.
It’s a crazy risk because China knows how financialized we are and will dump bonds and equities to drive anger towards trump.
But it also has benefits if it works.
If your allies can’t trade with China there is no near peer competitor to worry about.
That has a ton of benefits. Just look at what happened after WW2/USSR collapse when American was the last man standing.
Hegemony.
Trumps advisors like Miran believe that you can coerce your allies to pay for your security umbrella in the form of buying longer dated treasuries.
This removes the overhangs of the debt load while allowing you to pump markets in time for midterms.
If Mexico can’t import from China then you solved the fentanyl crisis because they won’t have precursors.
More importantly by establishing a tolerance for risk the level of fear you can instill in cartels is an order of magnitude higher.
“Shit if they risked WW3 they won’t think twice about droning Sinaloa. “
This same “logic” applies to the Middle East.
Now I will repeat for the 100x that this is not advocacy.
I’m only telling you guys what the people in power believe. And I’m telling you that what happens next if I’m right will come down to how Xi wants to fight.
He can go gloves off or glove on. There are real constraints as I have outlined in prior tweets.
But there is a plan and therefore the tolerance for market pain is way way higher than you think.
Because first you need Europe to be willing to commit economic seppuku. And they won’t want to (rightly). So Trump will crush them economically until they cry uncle. And then they still won’t want to and he’s going to threaten to defang NATO. And then they still won’t want to and he will withdraw swap lines.
Or a lot more likely, he will do it all very forcefully and all at once to maximize leverage.
Now you’ll rightly ask… why wasn’t this messaged better? Why have midwits like Lutnik on the team?
Because you are attempting to execute a reckless gambit where the big variables are not what the tariffs rates are. Or if you tariff penguins. Or if the person sounds dumb on TV. Non of that matters.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
There is still a hell of a lot of money out there looking for a good home. Look at that insane burst yesterday when the market went up $7trn in a few seconds on the basis of some half arsed comment by one of Trump's minions. What is needed is that this nonsense stops.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
There is still a hell of a lot of money out there looking for a good home. Look at that insane burst yesterday when the market went up $7trn in a few seconds on the basis of some half arsed comment by one of Trump's minions. What is needed is that this nonsense stops.
It's not going to stop before some people get very badly burned
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
I cashed in bit on today's dead cat bounce. Now about 45% cash.
Comments
Films, TV shows and Netflix are much easier to spot. Much more of what we would call services than goods.
Raisins?
Grapefruit?
And if you eat Hershey Bars, commiserations.
Making him Veep was further proof of how big a twat Dj is.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
https://x.com/JenniferJJacobs/status/1909626756438380698
https://edition.cnn.com/2025/04/08/china/china-slams-vance-peasants-remarks-intl-hnk/index.html?iid=cnn_buildContentRecirc_end_recirc
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations.
Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
A boycott of American services means not using computers, not using payment services, and not consuming American streaming media. Unlikely.
Because the US also exports services we forget it’s a petro state.
"Tariffs" are trade imbalances. Europe can't "lift" its tariffs because they don't exist. VAT is not a tariff, and making Murican imports VAT-free isn't going to happen.
Let's look at trade. Europe already consumes large amounts of American services - financial, online, cultural. It doesn't buy large amounts of America goods because American goods are largely unsuitable for our consumers. We won't open the market to craphole American "food" and even if Trump tried to force it our consumers won't eat food which is more expensive and lower quality than they already have.
MAGA seems to believe the lie as the truth. Which is nice, but its as valid as screwing your eyes up and saying " I Believe in Fairies"
So a very hung parliament
https://x.com/YouGov/status/1909526478162710736
https://www.electoralcalculus.co.uk/fcgi-bin/usercode.py?scotcontrol=N&CON=22&LAB=24&LIB=17&Reform=23&Green=9&UKIP=&TVCON=&TVLAB=&TVLIB=&TVReform=&TVGreen=&TVUKIP=&SCOTCON=&SCOTLAB=&SCOTLIB=&SCOTReform=&SCOTGreen=&SCOTUKIP=&SCOTNAT=&display=AllChanged&regorseat=(none)&boundary=2024base
There were other reasons, too, but just remember, you voted for this mess, and you own the results.
@atrupar.com
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
https://bsky.app/profile/edacuk.bsky.social/post/3lmd7u4oon22l
an angry, twitching Stephen Miller yells on Fox News that Trump will "make American the manufacturing capital of the world"
https://bsky.app/profile/atrupar.com/post/3lmd7dthl6s2v
You can see the DOW dropping in real time as he speaks
Dorell for the Lib Dems
Amos for RefUk
The Tories really are in a mess now.
I’ll spell it out explicitly one last time.
Everyone thinks Trump wants balanced trade. He does not.
He wants to force allies to stop trading with China. Completely. Zero inbound supply.
Because it’s not just because of American jobs. It’s a proactive move to slow down Chinas industrial rise.
Everything is downstream of this. Reserve currency status. The ability to address fiscal debt.
It’s a crazy risk because China has a vote.
It’s a crazy risk because you are forcing Europe to commit seppeku because they have very little leverage or say in the matter.
It’s a crazy risk because Xi might bomb the fabs in Taiwan and the world doesn’t get AGI.
It’s a crazy risk because China knows how financialized we are and will dump bonds and equities to drive anger towards trump.
But it also has benefits if it works.
If your allies can’t trade with China there is no near peer competitor to worry about.
That has a ton of benefits. Just look at what happened after WW2/USSR collapse when American was the last man standing.
Hegemony.
Trumps advisors like Miran believe that you can coerce your allies to pay for your security umbrella in the form of buying longer dated treasuries.
This removes the overhangs of the debt load while allowing you to pump markets in time for midterms.
If Mexico can’t import from China then you solved the fentanyl crisis because they won’t have precursors.
More importantly by establishing a tolerance for risk the level of fear you can instill in cartels is an order of magnitude higher.
“Shit if they risked WW3 they won’t think twice about droning Sinaloa. “
This same “logic” applies to the Middle East.
Now I will repeat for the 100x that this is not advocacy.
I’m only telling you guys what the people in power believe. And I’m telling you that what happens next if I’m right will come down to how Xi wants to fight.
He can go gloves off or glove on. There are real constraints as I have outlined in prior tweets.
But there is a plan and therefore the tolerance for market pain is way way higher than you think.
Because first you need Europe to be willing to commit economic seppuku. And they won’t want to (rightly). So Trump will crush them economically until they cry uncle. And then they still won’t want to and he’s going to threaten to defang NATO. And then they still won’t want to and he will withdraw swap lines.
Or a lot more likely, he will do it all very forcefully and all at once to maximize leverage.
Now you’ll rightly ask… why wasn’t this messaged better? Why have midwits like Lutnik on the team?
Because you are attempting to execute a reckless gambit where the big variables are not what the tariffs rates are. Or if you tariff penguins. Or if the person sounds dumb on TV. Non of that matters.
https://x.com/TMTLongShort/status/1909491586641047713
No one. No one is winning.
The question that is still open is who will be the biggest loser in the long term. And I still feel very strongly that it will be the USA.
Raskin: The basis for this most destructive trade war in the history of the world is the profound economic research and policy writings of one Ron Vera, a completely fictional economist conjured up by Peter Navarro, a real person who Elon Musk just called a moron
https://bsky.app/profile/acyn.bsky.social/post/3lmdab7wm4c2y
Ron has featured in most of Pete's books.
@onestpress.bsky.social
Leavitt confirmed that the WH is working on deporting US citizens to El Salvador
https://bsky.app/profile/onestpress.bsky.social/post/3lmd2n77ko22g
Gerrem onside is a favourite shout.
When there is "supply side" inflation, there is reluctance to use monetary methods to reduce it,
but when there is supplyl side deflation, e.g. that caused by globalisation and China entering world markets, they (governments and centra banks) are too quick with the monetary inflation.
Probably a better economist too.
WARREN: If 700,000 Americans lose their jobs because of these tariffs, will the Trump administration suspend these tariffs?
GREER: That's not going to happen
WARREN: I take that as a no
https://bsky.app/profile/atrupar.com/post/3lmdb2psld627
And I think that's what Silicon Valley - and the US business community more generally - thought would happen.
Some deregulation, some strategic use of tariffs...
But the fundamental issue is this: Europe consumes American things! We have Apple and Android phones. And Windows and Apple computers. And Procter & Gamble washing powder.
But those American companies don't make their products in America anymore.
And somehow, that is Europe (and Australia and Brazil and New Zealand)'s fault.
The EU, in total, collects just €28bn in tariffs, of which slightly more than half is on Chinese goods. The ECB is not manipulating the value of the Euro. VAT is applied equally on all goods.
It's just that American companies selling American designed products into Europe chose to manufacture them in low cost countries. And that is somehow Europe's fault.
Europe does have faults: specifically, it underconsumes. The bloc as a whole runs a trade surplus of €147bn. The EU should be buying more of the cars it makes, rather than lending money to the US so that they can buy them.
That's not a masterplan, though, that's plain and simple stupidity, that enrichens the US and impoverishes Europe.
Which Doctor Who series do you like?
https://x.com/YouGov/status/1905296631282458954
https://yougov.co.uk/topics/entertainment/survey-results/daily/2025/03/27/76093/3?utm_source=daily_question&utm_medium=twitter&utm_campaign=daily/2025/03/27_question_3
So you fly from the US to Munich and "collect" you car, which has temporary German plates and insurance. You drive it round Europe for a week or two.
Then you take it back to the factory where BMW put it in a container and ship it to you in the US.
BMW paid for Americans to have a European vacation.
It was awesome!
https://www.youtube.com/watch?v=ML8_65_9tl4
This could be on a 1929 scale- and an extinction level event for several household names.
In my "long term" investing I've currently set myself to average in daily over a 500 day period. Bottom pickers get smelly fingers n all that. But a 50% crash seems perfectly plausible.
*which may well turn out to me, who knows
In no rush to re-enter the chaos.