Howdy, Stranger!

It looks like you're new here. Sign in or register to get started.

A Starmer boost, an Ayrshire hotelier, Brexit dividends (sic), and, chlorinated chickens

13

Comments

  • RochdalePioneersRochdalePioneers Posts: 29,848

    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.

    *which may well turn out to me, who knows
    I don't want any of this to happen. None of it. But it is happening, and my influence over that is zero. I am a passenger, observing living history at a particularly fruity time.

    I remember a few distinct points during the 2008 crash. Practically excited at just how apocalyptic the market was. Distinct points during Covid appalled at the ruination of businesses closed down in a ghost town centre.

    Those were Bad Events. Nobody wants them. But if they're happening and we're not in control, may as well study it as the chaos engulfs you.

    This is entertaining. In a perverse way. Trump is destroying the fiction that is America. And they are cheering him onwards to the own destruction.
  • FoxyFoxy Posts: 51,240
    Cicero said:

    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 agree, but that was unexpected. This is deliberate.
  • MarqueeMarkMarqueeMark Posts: 54,550
    Foxy said:

    I agree, but that was unexpected. This is deliberate.
    It's worse than that. What they are doing led to 1929. Why did they expect a different outcome?
  • viewcodeviewcode Posts: 24,287

    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?
    Don't get me started. I can do it by year/companion/show runner/writer... 😀
  • MarqueeMarkMarqueeMark Posts: 54,550
    What a night for the Arsenal. 3-0
  • BogotaBogota Posts: 119
    kinabalu said:

    Well he knows his reality tv chops.
    Serious question is whether the universal franchise is a good idea after this fiasco.
  • DavidLDavidL Posts: 55,180
    Scott_xP said:

    It's not going to stop before some people get very badly burned
    Oh, I am not disagreeing with that at all. I just think that there is a lot more support for the market than @Cicero and @Foxy were suggesting if only the madness will stop.
  • FoxyFoxy Posts: 51,240

    It's worse than that. What they are doing led to 1929. Why did they expect a different outcome?
    Wasn't it the wrong way round? Wasn't the Smoot Hawley Act a response to the crash rather than its trigger?

    I thought the 1929 crash was precipitated by a German default, in an overvalued and highly leveraged Wall St.
  • FoxyFoxy Posts: 51,240
    DavidL said:

    Oh, I am not disagreeing with that at all. I just think that there is a lot more support for the market than @Cicero and @Foxy were suggesting if only the madness will stop.
    What makes you think the madness will stop? Trump is doubling down.
  • BogotaBogota Posts: 119

    I don't want any of this to happen. None of it. But it is happening, and my influence over that is zero. I am a passenger, observing living history at a particularly fruity time.

    I remember a few distinct points during the 2008 crash. Practically excited at just how apocalyptic the market was. Distinct points during Covid appalled at the ruination of businesses closed down in a ghost town centre.

    Those were Bad Events. Nobody wants them. But if they're happening and we're not in control, may as well study it as the chaos engulfs you.

    This is entertaining. In a perverse way. Trump is destroying the fiction that is America. And they are cheering him onwards to the own destruction.
    Problem is this is yet another massive hit to the british economy which is still reeling from the covid and ukraine shocks. It has been one long disaster since 2008.
  • rottenboroughrottenborough Posts: 65,530
    Scott_xP said:

    @atrupar.com‬

    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


    JD Vance
    @JDVance

    It’s bizarre to see all the limousine socialists screech desperately for dependence on Chinese supply chains and inflated equities.
  • StillWatersStillWaters Posts: 9,764

    He should be drinking Scotch.
    Why?

    Bourbon and Scotch are different products.

    If he likes JD he should be free to drink what he wants.

  • carnforthcarnforth Posts: 5,697
    Scott_xP said:

    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.

    It was awesome!
    That was to pay lower import taxes on account of it being "second hand".

    Volvo still has it, and will pay for your flights and hotel.

    https://www.volvocars.com/us/l/osd-tourist/
  • boulayboulay Posts: 6,154
    As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.

    I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.

    He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.

    He is also moving to here over the coming year most of the top people from his company.

    On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.

    So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.

    The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.

    There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
  • Jim_MillerJim_Miller Posts: 3,262
    I am glad to see that some of you are considering boycotting Apple products. I have long seen the company as -- in effect -- a subsidiary of the ChiComs, so I applaud any effort to undermine that evil regime.
  • StereodogStereodog Posts: 848

    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.
    Absolutely agree too. It seems perverse for the government to artificially keep prices high for people suffering from a cost of living crisis.
  • FoxyFoxy Posts: 51,240
    edited April 8

    Why?

    Bourbon and Scotch are different products.

    If he likes JD he should be free to drink what he wants.

    He should, and a 10% tariff on the wholesale price of the JD will hardly make a difference to the price. Perhaps 50p on a bottle.
  • david_herdsondavid_herdson Posts: 18,214
    Sean_F said:

    It could be as far back as 1968.

    The Con/UKIP score hit 52% in a couple of polls in 2014, and 51% in the 2015 general election.
    It's a bit more recent than that, just after the first Covid lockdown was imposed.

    A Kantar in April 2020 had Con 54 BxP 1. An Opinium earlier the same month had Con 55 BxP 0 UKIP 1.

    The peak right-of-centre in that period was 56 with NCP, on 24-26 March 2020: Con 54 BxP 2 UKIP 0.
  • DumbosaurusDumbosaurus Posts: 857

    I don't want any of this to happen. None of it. But it is happening, and my influence over that is zero. I am a passenger, observing living history at a particularly fruity time.

    I remember a few distinct points during the 2008 crash. Practically excited at just how apocalyptic the market was. Distinct points during Covid appalled at the ruination of businesses closed down in a ghost town centre.

    Those were Bad Events. Nobody wants them. But if they're happening and we're not in control, may as well study it as the chaos engulfs you.

    This is entertaining. In a perverse way. Trump is destroying the fiction that is America. And they are cheering him onwards to the own destruction.
    Better put than me. We live in interesting times :smile:
  • CatManCatMan Posts: 3,213
    edited April 8

    Why?

    Bourbon and Scotch are different products.

    If he likes JD he should be free to drink what he wants.

    Jack Daniels isn't Bourbon, it's Tennessee whiskey.
  • Jim_MillerJim_Miller Posts: 3,262
    During the first Trump administration, I came to this general conclusion: A competent, honorable person could work for him. (Some did, and often reduced his harmful effects.)

    As long as they did not speak for him, because they would have to repeat his lies for him. He should have to tell his own lies, I thought -- and still think.
  • Scott_xPScott_xP Posts: 38,111
    @PaulaReidCNN

    BREAKING: Trump appointed federal judge sides with AP in lawsuit over WH access, writing, "...under the First Amendment, if the Govt opens its doors to some journalists—be it to the Oval Office, the East Room, or elsewhere—it cannot then shut those doors to other journalists because of their viewpoints. The Constitution requires no less."

    https://x.com/PaulaReidCNN/status/1909710127201976732
  • david_herdsondavid_herdson Posts: 18,214

    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.
    No, if the price of cheap goods increase, that's inflation. 'Inflationary' is a different thing: an event, system or action that will broadly increase prices, such as imposing tariffs or reducing interest rates. Inflationary policies cause inflation.
  • DavidLDavidL Posts: 55,180
    Foxy said:

    What makes you think the madness will stop? Trump is doubling down.
    When you have tried everything else rationality has to be worth a go.
  • Scott_xPScott_xP Posts: 38,111
    @atrupar.com‬

    Larry Kudlow brings Rand Paul on his show to make the case against tariffs and hopefully stage an intervention for Trump

    https://bsky.app/profile/atrupar.com/post/3lmdehfoe722t
  • MarqueeMarkMarqueeMark Posts: 54,550
    Scott_xP said:

    @PaulaReidCNN

    BREAKING: Trump appointed federal judge sides with AP in lawsuit over WH access, writing, "...under the First Amendment, if the Govt opens its doors to some journalists—be it to the Oval Office, the East Room, or elsewhere—it cannot then shut those doors to other journalists because of their viewpoints. The Constitution requires no less."

    https://x.com/PaulaReidCNN/status/1909710127201976732

    So he'll shut out all...
  • RogerRoger Posts: 20,454
    boulay said:

    As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.

    I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.

    He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.

    He is also moving to here over the coming year most of the top people from his company.

    On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.

    So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.

    The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.

    There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.

    A rather vomit inducing post. Do you live in a tax haven?
  • MoonRabbitMoonRabbit Posts: 14,073

    Rice on fire! Another brilliant free kick!

    Rice Rice Baby.
  • TimSTimS Posts: 14,933
    Roger said:

    A rather vomit inducing post. Do you live in a tax haven?
    He’s in one of the Channel Islands I think.
  • geoffwgeoffw Posts: 9,012
    edited April 8

    No, if the price of cheap goods increase, that's inflation. 'Inflationary' is a different thing: an event, system or action that will broadly increase prices, such as imposing tariffs or reducing interest rates. Inflationary policies cause inflation.
    "If the price of cheap goods increase" - compared to what? More expensive goods? That's a change in relative prices. Inflation relates to an ongoing process of a rising average level of prices. It is better to define it as a fall in the value of money
    edit - a continuing process of falling value of money in terms of the quantity of real goods/services it exchanges for
  • FoxyFoxy Posts: 51,240
    edited April 8
    Roger said:

    A rather vomit inducing post. Do you live in a tax haven?
    Anyone with 8 figures in their late thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
  • williamglennwilliamglenn Posts: 54,838
    Foxy said:

    Anyone with 8 figures in their late Thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
    Wouldn’t it be more moral to move to a tax haven and then donate the saved taxes to the global south?
  • FoxyFoxy Posts: 51,240
    DavidL said:

    When you have tried everything else rationality has to be worth a go.
    The King can stay mad longer than the market stays solvent.
  • MoonRabbitMoonRabbit Posts: 14,073

    Rice Rice Baby.
    Bend it like Declan.
  • turbotubbsturbotubbs Posts: 18,626
    Foxy said:

    Anyone with 8 figures in their late thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
    At some point you have to ask how much money does a person really need?
  • FoxyFoxy Posts: 51,240

    Wouldn’t it be more moral to move to a tax haven and then donate the saved taxes to the global south?
    They could donate their wealth here via charity, and reduce their tax liability. They don't need to do it in a tax haven.
  • Scott_xPScott_xP Posts: 38,111
    Foxy said:

    The King can stay mad longer than the market stays solvent.

    We are about to test that theory to destruction

    The King can only stay mad as long as his courtiers let him. Can they stay their hands when the market is insolvent? Not so sure...
  • williamglennwilliamglenn Posts: 54,838
    Foxy said:

    They could donate their wealth here via charity, and reduce their tax liability. They don't need to do it in a tax haven.
    You can’t decide not to give money to the British state.
  • RochdalePioneersRochdalePioneers Posts: 29,848

    I am glad to see that some of you are considering boycotting Apple products. I have long seen the company as -- in effect -- a subsidiary of the ChiComs, so I applaud any effort to undermine that evil regime.

    I'm planning to boycott them because I bought my Macbook and iPhone to last long term. I don't need to replace them. Hence the "boycott"
  • MoonRabbitMoonRabbit Posts: 14,073

    Bend it like Declan.
    Arsenal Rice to the Occasion.

    The result puts 5 English teams into next seasons CL.
  • TimSTimS Posts: 14,933
    edited April 8

    You can’t decide not to give money to the British state.
    If you were an American citizen of course, you’d be paying tax to the US state wherever you live.

    And in many other developed countries you would face an exit charge when breaking residence.

    The UK is unusually liberal on those counts.
  • PhilPhil Posts: 2,607
    Bogota said:

    This is very interesting.

    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

    I have seen any number of attempts to divine method in Trump’s madness.

    The reality is simpler IMO: there is no there there. Trump isn’t thinking 4D chess. He isn’t thinking 20 steps ahead of everyone else. He just thinks that tariffs are peachy & that everybody else is taking advantage of the USA by trading with them. He’s thought that for decades & now he gets to implement his deranged economics on everyone else because he’s booted out of his circle of advisors everyone who stopped him the last time around.

    Sadly the people with TDS (as the right loved to call them all) were absolutely correct in their analysis: what everyone else missed is that Trump really was that dangerous back in 2017 & would be even more so in 2025 without anyone around to hold him back.
  • StillWatersStillWaters Posts: 9,764

    One of two things happen:

    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
    I can understand how he has ended up with his view on VAT.

    VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.

    However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
  • FffsFffs Posts: 101
    Foxy said:

    Why the hell should the gilded tech-bros be tax exempt while we PAYE plebs pay?

    They make their money because we pay for the physical and legal infrastructure of the country.
    And now they are not paying any tax at all…
  • PhilPhil Posts: 2,607

    I can understand how he has ended up with his view on VAT.

    VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.

    However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
    The US importer is not paying VAT on their inputs either though.
  • FoxyFoxy Posts: 51,240
    Fffs said:

    And now they are not paying any tax at all…
    We then need to shift the tax burden so they do pay tax. That is the origin of the DST.

    It could be better constructed, but taxing their profits originating in the UK is essential.
  • rottenboroughrottenborough Posts: 65,530
    Typical Trump voter on BBC news:

    "Trump's a genius. We gotta cross our figures and hope all this works".

  • carnforthcarnforth Posts: 5,697
    Have we done this one yet?

    https://www.bbc.co.uk/news/articles/c9w8p0kqdd9o

    "Norwegian teen arrested in UK hotel over national security case"
  • FoxyFoxy Posts: 51,240

    I can understand how he has ended up with his view on VAT.

    VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.

    However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
    Yes, but you can only claim VAT expenses because one of your suppliers has paid it on your behalf. Not to do so would be double taxation. The overall VAT paid will be the same.
  • NigelbNigelb Posts: 76,716
    Lawyer for U-M protester detained at airport after spring break trip with family

    https://eu.freep.com/story/news/local/michigan/wayne/2025/04/07/lawyer-for-u-m-protester-held-at-airport-refused-to-give-feds-his-phone/82978891007/
    Dearborn attorney Amir Makled was detained and questioned at Detroit Metro Airport about his clients and asked to surrender his cellphone.

    Customs and Border Protection (CBP) stated that electronic device searches are infrequent and unrelated to political beliefs, focusing on national security threats.

    Makled said he believes he was targeted due to his involvement in cases that challenge the current administration of President Donald Trump...
  • GallowgateGallowgate Posts: 20,170

    Wouldn’t it be more moral to move to a tax haven and then donate the saved taxes to the global south?
    Yes but they’re not doing that, are they?
  • rottenboroughrottenborough Posts: 65,530
    Andrew Lilico
    @andrew_lilico
    ·
    8m
    As I keep repeating: they don't care about tariffs or trade barriers. They care only about deficits.

    https://x.com/andrew_lilico/status/1909716808518467873
  • NigelbNigelb Posts: 76,716
    LOL

    A gentle reminder that if you’re quoting your IQ score in an argument, you’ve already lost.

    It’s the intellectual equivalent of shouting “DO YOU KNOW WHO I AM?” in a Wetherspoons...

    https://x.com/i_iratus/status/1909692850872225892

  • RobDRobD Posts: 60,356

    I can understand how he has ended up with his view on VAT.

    VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.

    However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
    I don't think that's any different from a UK company that sources materials from where VAT isn't charged.

    https://taxpolicy.org.uk/2025/04/02/no-vat-isnt-a-tariff-but-the-us-would-benefit-from-adopting-it
  • williamglennwilliamglenn Posts: 54,838
    Foxy said:

    We then need to shift the tax burden so they do pay tax. That is the origin of the DST.

    It could be better constructed, but taxing their profits originating in the UK is essential.
    That's very Trumpian logic. "They are selling us things and that means we are being ripped off!"
  • MarqueeMarkMarqueeMark Posts: 54,550
    "Today was another volatile day for stock investors as the major indices — the Nasdaq 100 QQQ -1.80% ▼ , the S&P 500 SPY -1.57% ▼ , and the Dow Jones Industrial Average DIA -0.81% ▼ — resumed their downward trajectory despite a promising start. This led to significantly higher than usual volumes across all three ETFs, with the SPY seeing the highest at around 150 million shares traded. For reference, the average is 64.18 million. Furthermore, the materials sector XLB -3.08% ▼ was the biggest loser, while the financial sector XLF -0.39% ▼ was the leader, although it also fell.

    Furthermore, Federal Reserve officials are worried about President Trump’s new tariffs, which they say are much larger than expected and could slow the U.S. economy. Chicago Fed President Austan Goolsbee called the tariffs a “negative supply shock” and explained that they could push up prices while hurting growth."

    File under "No shit, Sherlock...."

    https://www.tipranks.com/news/stock-market-today-in-review-indices-resume-selloff-despite-promising-start
  • Scott_xPScott_xP Posts: 38,111
    @PeterSchiff

    If Trump's secret agenda is to crash the stock market to bring down long-term interest rates, the plan already failed. The yield on the 30-year Treasury is now above 4.75%, its highest since February 19th. So the plan to crash the stock market is now crashing the bond market too.

    https://x.com/PeterSchiff/status/1909700301046821229
  • NigelbNigelb Posts: 76,716
    So much winning.

    Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cogs
    https://x.com/MrBeast/status/1909621956258775458
  • Scott_xPScott_xP Posts: 38,111
    @alexwickham

    Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London

    — progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off

    — there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say

    — teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made

    — mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add

    — teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand

    — May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists

    — Starmer spoke to VDL, Macron, Scholz and Merz at weekend

    — sources caution this is all subject to change ahead of the summit

    https://x.com/alexwickham/status/1909565621127250329
  • NigelbNigelb Posts: 76,716
    The S&P 500 has posted its biggest intraday reversal in history, closes down sharply.
    https://x.com/spectatorindex/status/1909699725584142846
  • Scott_xPScott_xP Posts: 38,111
    Nigelb said:

    So much winning.

    Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cogs
    https://x.com/MrBeast/status/1909621956258775458

    Dumb as a sack of bricks...
  • NigelbNigelb Posts: 76,716
    A brief explanation of Trump's tariffs.
    https://x.com/DividendG_Web3/status/1909704277804867633
  • rottenboroughrottenborough Posts: 65,530
    Scott_xP said:

    @PeterSchiff

    If Trump's secret agenda is to crash the stock market to bring down long-term interest rates, the plan already failed. The yield on the 30-year Treasury is now above 4.75%, its highest since February 19th. So the plan to crash the stock market is now crashing the bond market too.

    https://x.com/PeterSchiff/status/1909700301046821229

    Nice little reserve currency you have there. Be a real shame for anything to happen to it.
  • rottenboroughrottenborough Posts: 65,530

    "Today was another volatile day for stock investors as the major indices — the Nasdaq 100 QQQ -1.80% ▼ , the S&P 500 SPY -1.57% ▼ , and the Dow Jones Industrial Average DIA -0.81% ▼ — resumed their downward trajectory despite a promising start. This led to significantly higher than usual volumes across all three ETFs, with the SPY seeing the highest at around 150 million shares traded. For reference, the average is 64.18 million. Furthermore, the materials sector XLB -3.08% ▼ was the biggest loser, while the financial sector XLF -0.39% ▼ was the leader, although it also fell.

    Furthermore, Federal Reserve officials are worried about President Trump’s new tariffs, which they say are much larger than expected and could slow the U.S. economy. Chicago Fed President Austan Goolsbee called the tariffs a “negative supply shock” and explained that they could push up prices while hurting growth."

    File under "No shit, Sherlock...."

    https://www.tipranks.com/news/stock-market-today-in-review-indices-resume-selloff-despite-promising-start

    Only a matter of time before Trump goes after the Fed.
  • FoxyFoxy Posts: 51,240

    That's very Trumpian logic. "They are selling us things and that means we are being ripped off!"
    I don't think it is, but surely as a pro-Trumper you would be in favour of such a tax?
  • vikvik Posts: 248


    JD Vance
    @JDVance

    It’s bizarre to see all the limousine socialists screech desperately for dependence on Chinese supply chains and inflated equities.
    The actual socialists aren't "screeching desperately". The only people "screeching desperately" are capitalists and in most cases, capitalists who supported Trump and thought he wasn't being serious when he kept on talking about tariffs during the campaign.

    Actual socialists like Bernie Sanders have given very muted statements & even some partial qualified support. Bernie criticises the illegal & authoritarian way that the tariffs are being imposed and the lack of any rational and well-thought out strategy, but in general, he supports "targeted tariffs" as a tool to stop "corporations from outsourcing American jobs and factories abroad".

    Here is the full statement from Bernie Sanders:

    https://vermontbiz.com/news/2025/april/04/sanders-statement-trumps-escalating-trade-war-world
  • MoonRabbitMoonRabbit Posts: 14,073

    "Today was another volatile day for stock investors as the major indices — the Nasdaq 100 QQQ -1.80% ▼ , the S&P 500 SPY -1.57% ▼ , and the Dow Jones Industrial Average DIA -0.81% ▼ — resumed their downward trajectory despite a promising start. This led to significantly higher than usual volumes across all three ETFs, with the SPY seeing the highest at around 150 million shares traded. For reference, the average is 64.18 million. Furthermore, the materials sector XLB -3.08% ▼ was the biggest loser, while the financial sector XLF -0.39% ▼ was the leader, although it also fell.

    Furthermore, Federal Reserve officials are worried about President Trump’s new tariffs, which they say are much larger than expected and could slow the U.S. economy. Chicago Fed President Austan Goolsbee called the tariffs a “negative supply shock” and explained that they could push up prices while hurting growth."

    File under "No shit, Sherlock...."

    https://www.tipranks.com/news/stock-market-today-in-review-indices-resume-selloff-despite-promising-start

    Forest will have to finish 6th to miss out on CL, Marq.
  • TheuniondivvieTheuniondivvie Posts: 43,330
    algarkirk said:

    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?
    The Unity Mitford example isn’t encouraging.
  • StillWatersStillWaters Posts: 9,764
    Foxy said:

    He should, and a 10% tariff on the wholesale price of the JD will hardly make a difference to the price. Perhaps 50p on a bottle.
    I know. @Luckyguy1983 was being too prescriptive for my taste

  • williamglennwilliamglenn Posts: 54,838
    Foxy said:

    I don't think it is, but surely as a pro-Trumper you would be in favour of such a tax?
    No because it's bureaucratic and also hits would-be domestic entrants to the market. If Trump were running the UK, he'd put up a Chinese-style firewall against the American internet giants.
  • MarqueeMarkMarqueeMark Posts: 54,550
    edited April 8

    Forest will have to finish 6th to miss out on CL, Marq.
    If Forest or Man City win the FA Cup, I think sixth will also qualify.

    My business colleagues are Newcatle and Arsenal fans, so a bit of banter going on this season!
  • MarqueeMarkMarqueeMark Posts: 54,550

    Nice little reserve currency you have there. Be a real shame for anything to happen to it.
    Trump could always join the BRICS grouping....
  • Andy_JSAndy_JS Posts: 34,295
    Evening all. Just perusing all the interesting comments, as always.
  • MalmesburyMalmesbury Posts: 54,198
    a
    Nigelb said:

    LOL

    A gentle reminder that if you’re quoting your IQ score in an argument, you’ve already lost.

    It’s the intellectual equivalent of shouting “DO YOU KNOW WHO I AM?” in a Wetherspoons...

    https://x.com/i_iratus/status/1909692850872225892

    Ron Pickering?
  • carnforthcarnforth Posts: 5,697
    Scott_xP said:

    @alexwickham

    Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London

    — progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off

    — there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say

    — teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made

    — mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add

    — teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand

    — May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists

    — Starmer spoke to VDL, Macron, Scholz and Merz at weekend

    — sources caution this is all subject to change ahead of the summit

    https://x.com/alexwickham/status/1909565621127250329

    Starmer's mooted phytosanitary deal noticeable by its absence.
  • StillWatersStillWaters Posts: 9,764
    Phil said:

    The US importer is not paying VAT on their inputs either though.
    They are paying sales tax though

    Us importer:

    Input cost = 50 + 20% = 60
    Sale price =120 - 20 = 100
    Profit = 40

    Uk firm

    Input cost = 50 + 20% = 60
    Sale price = 120 - 20 = 100
    Profit = 40 + input VAT reclaim = 50

    I’m not saying he’s right (he isn’t) but I can see how a superficial moron might reach that conclusion


  • Scott_xPScott_xP Posts: 38,111
    If you wanna buy a new Mac, yesterday would have been a good day to do that..
  • StillWatersStillWaters Posts: 9,764
    Foxy said:

    Yes, but you can only claim VAT expenses because one of your suppliers has paid it
    on your behalf. Not to do so would be double taxation. The overall VAT paid will be the same.
    I know. I’m just trying to understand why someone has reached a false conclusion. I think it’s because they have assumed VAT is a sales tax which it isn’t
  • Andy_JSAndy_JS Posts: 34,295
    Not ideal to be a former prison governor who's probably going to jail.

    "Prison governor facing jail for affair with drug lord
    Former governor of HMP Kirkham guilty of two counts of misconduct in a public office and possession of criminal property"

    https://www.telegraph.co.uk/news/2025/04/08/kerri-pegg-prison-governor-facing-jail-affair-druglord/
  • nico67nico67 Posts: 5,090
    So Trump wants the EU to give a subsidy to the USA which it doesn’t give to its own manufacturers .

    Why is the EU even bothering to try and negotiate ?
  • RogerRoger Posts: 20,454
    TimS said:

    He’s in one of the Channel Islands I think.
    Makes it even more bizarre. I love Sark but what would spend your money on?
  • StillWatersStillWaters Posts: 9,764
    RobD said:

    I don't think that's any different from a UK company that sources materials from where VAT isn't charged.

    https://taxpolicy.org.uk/2025/04/02/no-vat-isnt-a-tariff-but-the-us-would-benefit-from-adopting-it
    That’s correct - the treatment is identical.

  • carnforthcarnforth Posts: 5,697
    Andy_JS said:

    Not ideal to be a former prison governor who's probably going to jail.

    "Prison governor facing jail for affair with drug lord
    Former governor of HMP Kirkham guilty of two counts of misconduct in a public office and possession of criminal property"

    https://www.telegraph.co.uk/news/2025/04/08/kerri-pegg-prison-governor-facing-jail-affair-druglord/

    Scrolled down the page wondering how handsome this drug lord must be to deserve her attentions and then... Jesus.
  • williamglennwilliamglenn Posts: 54,838
    Scott_xP said:

    If you wanna buy a new Mac, yesterday would have been a good day to do that..

    https://x.com/usfraorg/status/1909719511831363626

    Apple reportedly airlifted five planes filled with iPhones from India and China to the U.S. in March to avoid impending tariffs. ​ ​
  • TheScreamingEaglesTheScreamingEagles Posts: 121,664
    Scott_xP said:

    @alexwickham

    Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London

    — progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off

    — there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say

    — teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made

    — mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add

    — teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand

    — May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists

    — Starmer spoke to VDL, Macron, Scholz and Merz at weekend

    — sources caution this is all subject to change ahead of the summit

    https://x.com/alexwickham/status/1909565621127250329

    Legendary modesty klaxon, from Feb 2024.

    Has Trump ensured the UK rejoins the EU?

    https://www1.politicalbetting.com/index.php/archives/2024/02/14/has-trump-ensured-the-uk-rejoins-the-eu/
  • TimSTimS Posts: 14,933
    carnforth said:

    Starmer's mooted phytosanitary deal noticeable by its absence.
    Think that one will be a shoo-in. Probably not considered worthy of comment as it’s not new.
  • carnforthcarnforth Posts: 5,697

    Legendary modesty klaxon, from Feb 2024.

    Has Trump ensured the UK rejoins the EU?

    https://www1.politicalbetting.com/index.php/archives/2024/02/14/has-trump-ensured-the-uk-rejoins-the-eu/
    The new, "reset" deal described above would be, generally speaking, a harder brexit than May's deal.
  • TheScreamingEaglesTheScreamingEagles Posts: 121,664
    carnforth said:

    The new, "reset" deal described above would be, generally speaking, a harder brexit than May's deal.
    Look at the direction of travel.

    I think I will praise Donald Trump in the morning thread.
  • carnforthcarnforth Posts: 5,697

    Look at the direction of travel.

    I think I will praise Donald Trump in the morning thread.
    Per Donald Tusk's famous diagram, there are cliff edges. You can have all the direction of travel you like, but the cliffs are enormous discontinuities.
  • vikvik Posts: 248
    nico67 said:

    So Trump wants the EU to give a subsidy to the USA which it doesn’t give to its own manufacturers .

    Why is the EU even bothering to try and negotiate ?

    Yes, there is absolutely no point negotiating.

    They should be following China's lead & retaliating.

    The quicker & harder the retaliation, the faster the S&P will fall. And the faster the S&P falls, the greater will be incentive for other parties to step in & stop Trump.
  • turbotubbsturbotubbs Posts: 18,626
    Andy_JS said:

    Not ideal to be a former prison governor who's probably going to jail.

    "Prison governor facing jail for affair with drug lord
    Former governor of HMP Kirkham guilty of two counts of misconduct in a public office and possession of criminal property"

    https://www.telegraph.co.uk/news/2025/04/08/kerri-pegg-prison-governor-facing-jail-affair-druglord/

    I saw that on the BBC page. Salary of £30k (if accurate) for a prison governor seems low, and maybe part of the problem.
  • RochdalePioneersRochdalePioneers Posts: 29,848
    Nigelb said:

    So much winning.

    Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cogs
    https://x.com/MrBeast/status/1909621956258775458

    Fuck me - the responses on that thread. Weaponised stupidity. Loud Trump supporters who literally have No Clue how anything works.
  • turbotubbsturbotubbs Posts: 18,626
    Roger said:

    Makes it even more bizarre. I love Sark but what would spend your money on?
    Trips OFF Sark. As often as possible…
  • TimSTimS Posts: 14,933

    I know. I’m just trying to understand why someone has reached a false conclusion. I think it’s because they have assumed VAT is a sales tax which it isn’t
    I’m not sure they really believe it. It’s just convenient.
  • carnforthcarnforth Posts: 5,697

    Trips OFF Sark. As often as possible…
    Maybe he's on Brecqhou...
  • williamglennwilliamglenn Posts: 54,838

    Fuck me - the responses on that thread. Weaponised stupidity. Loud Trump supporters who literally have No Clue how anything works.
    A multimillionaire grifter isn't the best-placed person to attack Trump's policies.
  • bigglesbiggles Posts: 6,754

    Look at the direction of travel.

    I think I will praise Donald Trump in the morning thread.
    LOL. Those of you who want to join the EU really do resemble the anti-EC mob in about 1978. You’re all pining for a world that never really existed, ignoring the facts on the ground, and refusing to accept the new status quo or any likely future. You’re a bunch of modern Colonel Blimps.

    We won’t ever rejoin the EU, but we will be critical to what the European Political Community becomes.
  • nico67nico67 Posts: 5,090
    What price the Trump administration makes a call to Beijing just before midnight and then it gets reported as the reverse ?
This discussion has been closed.