I am not a fan of Starmer but I believe he is acting sensibly by not retaliating against Trump
On a wider issue this crisis and bond yields make me very worried that Reeves is COE
Never mind, she apparently has taken to saying ' we have your back"
I would suggest she may need to worry more as to who has hers
Reeves and the Treasury in general are petrified of another Truss fiasco - hence the deeply boring budget and performative cutting of pensioner benefits.
Whatever you think of her policies otherwise, I don't thing we have evidence that she will play fast and loose with the fiscal position. I'd expect some sort of intervention soon given the non-existent headroom.
Her gravest error besides the employers NI increase was not reversing Hunt's absurd NI cuts on 5/7/2024.
That budget (by Hunt) increased taxes overall. The NI cuts simply reduced the proportion of tax on earnings and reduced the differential with unearned income. That was a good thing.
You can make the case he should have increased taxes even further but it absurd to look at the NI in isolation and say that these were unfunded cuts.
I still believe the NI cuts were an election bribe. An absolute dereliction of duty.
Sam Stein @samstein · 10m Did Trump just announce a 90 day pause in tariffs?
Blinks? More like shat himself. I guess someone was finally brave enough to explain how catastrophic things might turn shortly if he didn't act. That said he's now in a huge fight with China and that alone could bring down the house of cards.
If the GOP has any sense left, and they probably don't, they'd be finding a way to dump Trump ASAP.
He hasn’t really backed down. Landing on a universal 10% tariff will entrench a Trumpist trade policy as the new normal.
Bollocks.
Someone must have told Trump that the markets and Treasury could not sustain much more of this nonsense. This is not some clever move, this is Trump basically throwing in the towel because even his dumbest supporters can see that he's made some bloody stupid moves in the last few weeks.
If a universal 10% is sustainable and is sustained then in terms of the big picture, Trump has won.
We can go even further than that Willy, and explain, what’s to stop Trump arbitrarily putting it up again anytime he wants on selective victims, to help him bully out those trade deals on top of all the Tarrifs fortune?
USA going to bring in a golden age of money from this manoeuvre.
Why are PBers so slow on the uptake?
You’re comedy gold this evening !
10% Tarrifs doesn’t raise money for American pockets? There’s only relief out there now, no fear, or no longer much intent to strike trade deal with USA?
Sam Stein @samstein · 10m Did Trump just announce a 90 day pause in tariffs?
Blinks? More like shat himself. I guess someone was finally brave enough to explain how catastrophic things might turn shortly if he didn't act. That said he's now in a huge fight with China and that alone could bring down the house of cards.
If the GOP has any sense left, and they probably don't, they'd be finding a way to dump Trump ASAP.
He hasn’t really backed down. Landing on a universal 10% tariff will entrench a Trumpist trade policy as the new normal.
Bollocks.
Someone must have told Trump that the markets and Treasury could not sustain much more of this nonsense. This is not some clever move, this is Trump basically throwing in the towel because even his dumbest supporters can see that he's made some bloody stupid moves in the last few weeks.
If a universal 10% is sustainable and is sustained then in terms of the big picture, Trump has won.
We can go even further than that Willy, and explain, what’s to stop Trump arbitrarily putting it up again anytime he wants on selective victims, to help him bully out those trade deals on top of all the Tarrifs fortune?
USA going to bring in a golden age of money from this manoeuvre.
Trump is proposing an at least 10% blanket tariff on all imports, with tariffs as high as 60% on goods from China.
“You see these empty, old, beautiful steel mills and factories that are empty and falling down,” Trump said. “We’re going to bring the companies back. We’re going to lower taxes for companies that are going to make their products in the USA. And we’re going to protect those companies with strong tariffs.”
Trump raises China tariff to 125% with immediate effect
He knows he’s winning.
Too many PBers won’t admit Trump is winning this, because they hate him. Don’t be one of them.
It’s crystal clear in front of us, Everyone, including UK, are being bullied into a Trump favourable deal, in order to protect their economies, interest payment levels, currencies, ability to sell goods at market price, and jobs. Let’s put JOBS. into capital letters. Every governments financial plans and budgets are screwed now.
The money from the Tarrifs, and from the trade deals everyone has been bullied into signing to lessen the tariff on them, will underwrite the new golden age for America.
He has used the underlying strength of the USA to screw everybody over, friends and foes. No one negotiates like Trump, except Peaky Blinders - or JR Ewing my Dad said, though had to explain.
PB are in denial of Trump winning this because of shear hatred of him. But even PB will have to surrender, and kiss Trumps ass too by admitting it.
I would suggest neither and lots of uncertainty ahead
I wouldn't trust a word Trump says from even one minute to the next
I expect some are making a fortune on playing these markets
Anyone day trading at the moment is very brave!
Even braver are the people who are the Head of Regulatory Affairs at a bank and wider financial institution who are monitoring every trade at the moment.
10% tariff still increases costs for consumers in the US (ignoring the ridiculous tariffs on China which US consumers will also feel).
Yesterday Trump was claiming that his tariffs were bringing in $2 billion per day.
That's quite a lot of Trump Taxation on American consumers.
And also bollocks. I doubt anyone has collected any tarrifs yet.
It’s an estimate based on multiplying average imports of $9 bn a day by the estimated average tariff rate, prior to today’s partial surrender. But of course if the original tariffs had stuck around, that average import figure would likely have fallen significantly.
Sam Stein @samstein · 10m Did Trump just announce a 90 day pause in tariffs?
Blinks? More like shat himself. I guess someone was finally brave enough to explain how catastrophic things might turn shortly if he didn't act. That said he's now in a huge fight with China and that alone could bring down the house of cards.
If the GOP has any sense left, and they probably don't, they'd be finding a way to dump Trump ASAP.
He hasn’t really backed down. Landing on a universal 10% tariff will entrench a Trumpist trade policy as the new normal.
Bollocks.
Someone must have told Trump that the markets and Treasury could not sustain much more of this nonsense. This is not some clever move, this is Trump basically throwing in the towel because even his dumbest supporters can see that he's made some bloody stupid moves in the last few weeks.
If a universal 10% is sustainable and is sustained then in terms of the big picture, Trump has won.
Won what?
Ideological victory. Supporting the tariffs will become the mainstream position in US politics.
“ tariffs will become the mainstream position in US politics”
You are not seeing the bigger picture, Willy. US have been leading the way in how free trade now becomes age of fair trade globally. Democratic Party wants targeted Tarrifs to help America, Biden Administration kept Trumps tariffs.
Rather than being Trump madness, we have world wide trend to new era called fair trade in place of free trade.
I am not a fan of Starmer but I believe he is acting sensibly by not retaliating against Trump
On a wider issue this crisis and bond yields make me very worried that Reeves is COE
Never mind, she apparently has taken to saying ' we have your back"
I would suggest she may need to worry more as to who has hers
Reeves and the Treasury in general are petrified of another Truss fiasco - hence the deeply boring budget and performative cutting of pensioner benefits.
Whatever you think of her policies otherwise, I don't thing we have evidence that she will play fast and loose with the fiscal position. I'd expect some sort of intervention soon given the non-existent headroom.
Her gravest error besides the employers NI increase was not reversing Hunt's absurd NI cuts on 5/7/2024.
That budget (by Hunt) increased taxes overall. The NI cuts simply reduced the proportion of tax on earnings and reduced the differential with unearned income. That was a good thing.
You can make the case he should have increased taxes even further but it absurd to look at the NI in isolation and say that these were unfunded cuts.
You cannot really make the case that he should have increased taxes further, as economic growth in the Sunak era was anaemic, and we have an object lesson with Reeves of what happens when someone DOES increase taxes further.
The only way to balance the books is increase supply (long term) and cut spending.
A Labour Chancellor once explained that when you are in a hole the first thing you need to do is stop digging. Borrowing £100bn a year when we already had a debt problem was not and is not the answer.
Keep hearing that higher taxes will kill off growth.
Haven't countries like Denmark, along with the other Scando countries, had much higher taxes than the UK yet there is zero evidence that they have lower growth or productivity as a result?
You don't need to 'keep hearing it' you can SEE IT. And it's not a WILL it's a HAS.
What do you want the lack of growth to do, announce its presence to you with a town cryer?
I would suggest neither and lots of uncertainty ahead
I wouldn't trust a word Trump says from even one minute to the next
I expect some are making a fortune on playing these markets
Anyone day trading at the moment is very brave!
Yes, I lost about £1000 of my gains in about five minutes just now, before I could close out the Dow sell. Hopefully more than compensated by a recovery in my investments assuming Trump doesn’t say anything silly before morning. I had also taken a buy position on a Vietnam fund, as insurance against Trump folding, as this has been marked down significantly after Vietnam was hit with such a high tariff, despite being previously a US ally. Hopefully that should shoot up when London opens tomorrow. And I am holding my Tesla sell position, despite it having risen along with everything else, as I don’t see the stain on Musk and Tesla disappearing any time soon.
Sam Stein @samstein · 10m Did Trump just announce a 90 day pause in tariffs?
Blinks? More like shat himself. I guess someone was finally brave enough to explain how catastrophic things might turn shortly if he didn't act. That said he's now in a huge fight with China and that alone could bring down the house of cards.
If the GOP has any sense left, and they probably don't, they'd be finding a way to dump Trump ASAP.
He hasn’t really backed down. Landing on a universal 10% tariff will entrench a Trumpist trade policy as the new normal.
Bollocks.
Someone must have told Trump that the markets and Treasury could not sustain much more of this nonsense. This is not some clever move, this is Trump basically throwing in the towel because even his dumbest supporters can see that he's made some bloody stupid moves in the last few weeks.
If a universal 10% is sustainable and is sustained then in terms of the big picture, Trump has won.
We can go even further than that Willy, and explain, what’s to stop Trump arbitrarily putting it up again anytime he wants on selective victims, to help him bully out those trade deals on top of all the Tarrifs fortune?
USA going to bring in a golden age of money from this manoeuvre.
Why are PBers so slow on the uptake?
Stay off the sherry, is my advice.
Cocktails tonight. As I am feeling better than I did after the fever at weekend.
Trump is proposing an at least 10% blanket tariff on all imports, with tariffs as high as 60% on goods from China.
“You see these empty, old, beautiful steel mills and factories that are empty and falling down,” Trump said. “We’re going to bring the companies back. We’re going to lower taxes for companies that are going to make their products in the USA. And we’re going to protect those companies with strong tariffs.”
God bless you, William. I sometimes imagine you - sat in the middle of a dizzying snow globe - somehow it all making sense.
So everyone is being tariffed at 10% now apart from China it seems
So Brexit dividend over already?
I blinked and missed it.
Well let's see. Brexit was after all a long term vote for some of us that chose to vote that way.
A massive international mess like this may just yield some benefits - I think certainly it should mean that we can be swifter to support Canada than perhaps otherwise.
British governments have entirely failed to DO anything with Brexit. That doesn't mean that there isn't anything to do.
A highly compelling case for Brexit. I'm won over.
Long term, we're dead, of course, but when our time comes we can die happy in the knowledge that while nothing good came of Brexit, there was - maybe - an alternative reality where something different could have hypothetically happened.
Hardly insider trading, saw it reposted on X earlier lol
I think it's clear insider trading. Trump was in possession of market sensitive news and communicated it to his friends.
A million years in Mordor at best.
Does he know what he is doing from one minute to the next? There's no plan here.
I don't care about the rights and wrongs - I want to see him in a dark dank cell. I want to see him in a dark dank cell with Putin for company. After that I don't care much.
As usual the only explanation is that the whole thing is a reality tv show and nothing matters more than having endless drama and crisis to keep ratings.
I am not a fan of Starmer but I believe he is acting sensibly by not retaliating against Trump
On a wider issue this crisis and bond yields make me very worried that Reeves is COE
Never mind, she apparently has taken to saying ' we have your back"
I would suggest she may need to worry more as to who has hers
Reeves and the Treasury in general are petrified of another Truss fiasco - hence the deeply boring budget and performative cutting of pensioner benefits.
Whatever you think of her policies otherwise, I don't thing we have evidence that she will play fast and loose with the fiscal position. I'd expect some sort of intervention soon given the non-existent headroom.
Her gravest error besides the employers NI increase was not reversing Hunt's absurd NI cuts on 5/7/2024.
That budget (by Hunt) increased taxes overall. The NI cuts simply reduced the proportion of tax on earnings and reduced the differential with unearned income. That was a good thing.
You can make the case he should have increased taxes even further but it absurd to look at the NI in isolation and say that these were unfunded cuts.
You cannot really make the case that he should have increased taxes further, as economic growth in the Sunak era was anaemic, and we have an object lesson with Reeves of what happens when someone DOES increase taxes further.
The only way to balance the books is increase supply (long term) and cut spending.
A Labour Chancellor once explained that when you are in a hole the first thing you need to do is stop digging. Borrowing £100bn a year when we already had a debt problem was not and is not the answer.
Keep hearing that higher taxes will kill off growth.
Haven't countries like Denmark, along with the other Scando countries, had much higher taxes than the UK yet there is zero evidence that they have lower growth or productivity as a result?
You don't need to 'keep hearing it' you can SEE IT. And it's not a WILL it's a HAS.
What do you want the lack of growth to do, announce its presence to you with a town cryer?
I am not a fan of Starmer but I believe he is acting sensibly by not retaliating against Trump
On a wider issue this crisis and bond yields make me very worried that Reeves is COE
Never mind, she apparently has taken to saying ' we have your back"
I would suggest she may need to worry more as to who has hers
Reeves and the Treasury in general are petrified of another Truss fiasco - hence the deeply boring budget and performative cutting of pensioner benefits.
Whatever you think of her policies otherwise, I don't thing we have evidence that she will play fast and loose with the fiscal position. I'd expect some sort of intervention soon given the non-existent headroom.
Her gravest error besides the employers NI increase was not reversing Hunt's absurd NI cuts on 5/7/2024.
That budget (by Hunt) increased taxes overall. The NI cuts simply reduced the proportion of tax on earnings and reduced the differential with unearned income. That was a good thing.
You can make the case he should have increased taxes even further but it absurd to look at the NI in isolation and say that these were unfunded cuts.
You cannot really make the case that he should have increased taxes further, as economic growth in the Sunak era was anaemic, and we have an object lesson with Reeves of what happens when someone DOES increase taxes further.
The only way to balance the books is increase supply (long term) and cut spending.
A Labour Chancellor once explained that when you are in a hole the first thing you need to do is stop digging. Borrowing £100bn a year when we already had a debt problem was not and is not the answer.
Keep hearing that higher taxes will kill off growth.
Haven't countries like Denmark, along with the other Scando countries, had much higher taxes than the UK yet there is zero evidence that they have lower growth or productivity as a result?
You don't need to 'keep hearing it' you can SEE IT. And it's not a WILL it's a HAS.
What do you want the lack of growth to do, announce its presence to you with a town cryer?
Crier, please. Edit - checked, it can be either. Apologies.
So everyone is being tariffed at 10% now apart from China it seems
So Brexit dividend over already?
I blinked and missed it.
Well let's see. Brexit was after all a long term vote for some of us that chose to vote that way.
A massive international mess like this may just yield some benefits - I think certainly it should mean that we can be swifter to support Canada than perhaps otherwise.
British governments have entirely failed to DO anything with Brexit. That doesn't mean that there isn't anything to do.
A highly compelling case for Brexit. I'm won over.
Long term, we're dead, of course, but when our time comes we can die happy in the knowledge that while nothing good came of Brexit, there was - maybe - an alternative reality where something different could have hypothetically happened.
Free movement ended, free of ECJ jurisdiction, out of CFP, trade deals with Australia and NZ and at the lower end of Trump's tariffs even before today's climbdown to non China nations
I would suggest neither and lots of uncertainty ahead
I wouldn't trust a word Trump says from even one minute to the next
I expect some are making a fortune on playing these markets
Anyone day trading at the moment is very brave!
Looks like we have 90 days to revise our portfolios before the mayhem starts again.
The mayhem will not stop. I expect new lows over the next year although couldn't say when. I remain cost averaging daily, but market is so volatile I wish I could set that to hourly!
Sam Stein @samstein · 10m Did Trump just announce a 90 day pause in tariffs?
Blinks? More like shat himself. I guess someone was finally brave enough to explain how catastrophic things might turn shortly if he didn't act. That said he's now in a huge fight with China and that alone could bring down the house of cards.
If the GOP has any sense left, and they probably don't, they'd be finding a way to dump Trump ASAP.
He hasn’t really backed down. Landing on a universal 10% tariff will entrench a Trumpist trade policy as the new normal.
Bollocks.
Someone must have told Trump that the markets and Treasury could not sustain much more of this nonsense. This is not some clever move, this is Trump basically throwing in the towel because even his dumbest supporters can see that he's made some bloody stupid moves in the last few weeks.
If a universal 10% is sustainable and is sustained then in terms of the big picture, Trump has won.
Not really.
It’s just going to add to inflation and act as a tax on US consumer and global trade volumes.
Ain’t nobody gonna re-shore shit.
And the reputational damage to the US is enormous. Just because Trump is known to be a clown doesn't nean international players wont take the long way round to avoid him in future if at all possible.
I am not a fan of Starmer but I believe he is acting sensibly by not retaliating against Trump
On a wider issue this crisis and bond yields make me very worried that Reeves is COE
Never mind, she apparently has taken to saying ' we have your back"
I would suggest she may need to worry more as to who has hers
Reeves and the Treasury in general are petrified of another Truss fiasco - hence the deeply boring budget and performative cutting of pensioner benefits.
Whatever you think of her policies otherwise, I don't thing we have evidence that she will play fast and loose with the fiscal position. I'd expect some sort of intervention soon given the non-existent headroom.
Her gravest error besides the employers NI increase was not reversing Hunt's absurd NI cuts on 5/7/2024.
That budget (by Hunt) increased taxes overall. The NI cuts simply reduced the proportion of tax on earnings and reduced the differential with unearned income. That was a good thing.
You can make the case he should have increased taxes even further but it absurd to look at the NI in isolation and say that these were unfunded cuts.
You cannot really make the case that he should have increased taxes further, as economic growth in the Sunak era was anaemic, and we have an object lesson with Reeves of what happens when someone DOES increase taxes further.
The only way to balance the books is increase supply (long term) and cut spending.
A Labour Chancellor once explained that when you are in a hole the first thing you need to do is stop digging. Borrowing £100bn a year when we already had a debt problem was not and is not the answer.
Keep hearing that higher taxes will kill off growth.
Haven't countries like Denmark, along with the other Scando countries, had much higher taxes than the UK yet there is zero evidence that they have lower growth or productivity as a result?
You don't need to 'keep hearing it' you can SEE IT. And it's not a WILL it's a HAS.
What do you want the lack of growth to do, announce its presence to you with a town cryer?
I suspect the ninety days will come and go and we won't hear about those tariffs again. It's the Trump admirers I feel sorry for. Imagine spending all that energy explaining how this is the new epoch only to have it crumble to dust before your eyes. Dispiriting.
I read most of a JG Ballard book last year, "High Rise". Regretfully it was so bad I stopped just over half way through, couldn't care less about any of the characters or what happened to them
So everyone is being tariffed at 10% now apart from China it seems
So Brexit dividend over already?
I blinked and missed it.
Well let's see. Brexit was after all a long term vote for some of us that chose to vote that way.
A massive international mess like this may just yield some benefits - I think certainly it should mean that we can be swifter to support Canada than perhaps otherwise.
British governments have entirely failed to DO anything with Brexit. That doesn't mean that there isn't anything to do.
A highly compelling case for Brexit. I'm won over.
Long term, we're dead, of course, but when our time comes we can die happy in the knowledge that while nothing good came of Brexit, there was - maybe - an alternative reality where something different could have hypothetically happened.
We're only dead from internal factors - national lightweightism broadly.
I am not a fan of Starmer but I believe he is acting sensibly by not retaliating against Trump
On a wider issue this crisis and bond yields make me very worried that Reeves is COE
Never mind, she apparently has taken to saying ' we have your back"
I would suggest she may need to worry more as to who has hers
Reeves and the Treasury in general are petrified of another Truss fiasco - hence the deeply boring budget and performative cutting of pensioner benefits.
Whatever you think of her policies otherwise, I don't thing we have evidence that she will play fast and loose with the fiscal position. I'd expect some sort of intervention soon given the non-existent headroom.
Her gravest error besides the employers NI increase was not reversing Hunt's absurd NI cuts on 5/7/2024.
That budget (by Hunt) increased taxes overall. The NI cuts simply reduced the proportion of tax on earnings and reduced the differential with unearned income. That was a good thing.
You can make the case he should have increased taxes even further but it absurd to look at the NI in isolation and say that these were unfunded cuts.
You cannot really make the case that he should have increased taxes further, as economic growth in the Sunak era was anaemic, and we have an object lesson with Reeves of what happens when someone DOES increase taxes further.
The only way to balance the books is increase supply (long term) and cut spending.
A Labour Chancellor once explained that when you are in a hole the first thing you need to do is stop digging. Borrowing £100bn a year when we already had a debt problem was not and is not the answer.
Keep hearing that higher taxes will kill off growth.
Haven't countries like Denmark, along with the other Scando countries, had much higher taxes than the UK yet there is zero evidence that they have lower growth or productivity as a result?
You don't need to 'keep hearing it' you can SEE IT. And it's not a WILL it's a HAS.
What do you want the lack of growth to do, announce its presence to you with a town cryer?
Crier, please.
Thanks for the correction, apologies.
No, mine - apparently it can be either. I've edited my post.
I suspect the ninety days will come and go and we won't hear about those tariffs again. It's the Trump admirers I feel sorry for. Imagine spending all that energy explaining how this is the new epoch only to have it crumble to dust before your eyes. Dispiriting.
He’ll be busy bombing Iran by then. The nuclear negotiations are coming up imminently.
I suspect the ninety days will come and go and we won't hear about those tariffs again. It's the Trump admirers I feel sorry for. Imagine spending all that energy explaining how this is the new epoch only to have it crumble to dust before your eyes. Dispiriting.
On a smaller scale, that was what finally did for our home-grown clown in the end - sending his ministers onto the airwaves of a morning to defend the government position, only for Johnson to change his mind come dinner time. Eventually his team had just had enough of being made to look like the idiots, when it was him all along.
Hardly insider trading, saw it reposted on X earlier lol
I think it's clear insider trading. Trump was in possession of market sensitive news and communicated it to his friends.
A million years in Mordor at best.
Nah, it's not insider trading. Anyone can be a "friend" of his by watching his tweets on trump social or indeed the reposts on X.
There was probably *other* insider trading though...
It absolutely would be insider trading in the UK. (I'm prepared to be corrected on this if there are experts on it)
I have a feeling we may indeed have some people on this site who know better than either of us about compliance...
Sure - but I would certainly feel obliged to report such activity as probable insider trading when I was (long ago) a 'responsible person' for my firm. That doesn't mean I'm right and the wise heads can no doubt illuminate the theme, but it does definitely say that it's skating on the lines.
I suspect the ninety days will come and go and we won't hear about those tariffs again. It's the Trump admirers I feel sorry for. Imagine spending all that energy explaining how this is the new epoch only to have it crumble to dust before your eyes. Dispiriting.
They could refocus on his peace deals in Ukraine and Gaza now.
Just looked at the Mail online. Apparently: Rashford starts up front, with Prince William in Paris. Who'd have thought it? Must have dropped Watkins for William.
I read most of a JG Ballard book last year, "High Rise". Regretfully it was so bad I stopped just over half way through, couldn't care less about any of the characters or what happened to them
SPOILER
The rapist shoots the architect and then gets stabbed to death. It’s a socialist allegory of the failure of Thatcherism.
With Farage calling for nationalisation yesterday, it felt a bit like something being stabbed? Like a kind of
“I have heard about Thatcherism, but it’s not a theory I have ever ascribed to.”
Hardly insider trading, saw it reposted on X earlier lol
I think it's clear insider trading. Trump was in possession of market sensitive news and communicated it to his friends.
A million years in Mordor at best.
Nah, it's not insider trading. Anyone can be a "friend" of his by watching his tweets on trump social or indeed the reposts on X.
There was probably *other* insider trading though...
It absolutely would be insider trading in the UK. (I'm prepared to be corrected on this if there are experts on it)
I have a feeling we may indeed have some people on this site who know better than either of us about compliance...
Sure - but I would certainly feel obliged to report such activity as probable insider trading when I was (long ago) a 'responsible person' for my firm. That doesn't mean I'm right and the wise heads can no doubt illuminate the theme, but it does definitely say that it's skating on the lines.
I think that it’s highly probable that some people are insider trading off this volatility even if that tweet isn’t.
I read most of a JG Ballard book last year, "High Rise". Regretfully it was so bad I stopped just over half way through, couldn't care less about any of the characters or what happened to them
Hardly insider trading, saw it reposted on X earlier lol
I think it's clear insider trading. Trump was in possession of market sensitive news and communicated it to his friends.
A million years in Mordor at best.
Nah, it's not insider trading. Anyone can be a "friend" of his by watching his tweets on trump social or indeed the reposts on X.
There was probably *other* insider trading though...
It absolutely would be insider trading in the UK. (I'm prepared to be corrected on this if there are experts on it)
I have a feeling we may indeed have some people on this site who know better than either of us about compliance...
Sure - but I would certainly feel obliged to report such activity as probable insider trading when I was (long ago) a 'responsible person' for my firm. That doesn't mean I'm right and the wise heads can no doubt illuminate the theme, but it does definitely say that it's skating on the lines.
I think that it’s highly probable that some people are insider trading off this volatility even if that tweet isn’t.
I suspect the ninety days will come and go and we won't hear about those tariffs again. It's the Trump admirers I feel sorry for. Imagine spending all that energy explaining how this is the new epoch only to have it crumble to dust before your eyes. Dispiriting.
Laugh as much as you want, it’s opened my eyes to how we have moved on from free trade to something called fair trade, to combat globalisation in age of voters turning to populism after ravages of globalisation and free trade in recent decades.
Hardly insider trading, saw it reposted on X earlier lol
I think it's clear insider trading. Trump was in possession of market sensitive news and communicated it to his friends.
A million years in Mordor at best.
Nah, it's not insider trading. Anyone can be a "friend" of his by watching his tweets on trump social or indeed the reposts on X.
There was probably *other* insider trading though...
It absolutely would be insider trading in the UK. (I'm prepared to be corrected on this if there are experts on it)
I have a feeling we may indeed have some people on this site who know better than either of us about compliance...
Sure - but I would certainly feel obliged to report such activity as probable insider trading when I was (long ago) a 'responsible person' for my firm. That doesn't mean I'm right and the wise heads can no doubt illuminate the theme, but it does definitely say that it's skating on the lines.
I think that it’s highly probable that some people are insider trading off this volatility even if that tweet isn’t.
Musk probably sacked the people that'd know.
Trump's making my life harder.
The US justice department is disbanding a unit that was dedicated to investigating cryptocurrency-related fraud as Donald Trump’s presidential administration loosens oversight in the digital assets sector.
In a four-page memo sent to justice department employees on Monday evening, the deputy attorney general, Todd Blanche, said that its national cryptocurrency enforcement team (NCET) “shall be disbanded effective immediately”.
The memo from Blanche, who previously represented the president in the 2024 criminal trial that led to Trump’s conviction on 34 felony charges of falsifying business records, said that “the digital assets industry is critical to the nation’s economic development and innovation”.
Wow. I step away for a couple of hours next thing the Dow is up 2500 points. At this point this looks like blatant market manipulation from the Trump administration.
Robin Brooks @robin_j_brooks The US is pausing tariffs on non-retaliating countries, while hiking China tariffs to prohibitive levels. China now has an off-ramp if it reverses retaliatory tariffs. But the US may also be admitting to growing discomfort over financial market stress, which China may exploit...
Hardly insider trading, saw it reposted on X earlier lol
I think it's clear insider trading. Trump was in possession of market sensitive news and communicated it to his friends.
A million years in Mordor at best.
Nah, it's not insider trading. Anyone can be a "friend" of his by watching his tweets on trump social or indeed the reposts on X.
There was probably *other* insider trading though...
It absolutely would be insider trading in the UK. (I'm prepared to be corrected on this if there are experts on it)
I suspect it probably isn't technically market abuse as the supposed Material Non-public information is governmental rather than corporate. But yes a president explicitly manipulating the market through announcement of trade policies for his own political gain, is bad, even if it may not be actually illegal.
I read most of a JG Ballard book last year, "High Rise". Regretfully it was so bad I stopped just over half way through, couldn't care less about any of the characters or what happened to them
SPOILER
The rapist shoots the architect and then gets stabbed to death. It’s a socialist allegory of the failure of Thatcherism.
With Farage calling for nationalisation yesterday, it felt a bit like something being stabbed? Like a kind of
“I have heard about Thatcherism, but it’s not a theory I have ever ascribed to.”
Is Farage doing a reverse JD Vance? I read his book last year and did finish it
I would suggest neither and lots of uncertainty ahead
I wouldn't trust a word Trump says from even one minute to the next
I expect some are making a fortune on playing these markets
Trump really is in Truss territory now.
The problem is that he is in power for at least another 2 years.
Not black knight territory, but the Emperor is certainly showing his short comings. A total reassessment by the GOP of the whole MAGA project is now pretty inevitable, and considerable pressure to get some adults in the room.
Truss took the Gilts market to the very edge. Treasuries were rescued sooner, but with a similar scare, we may not get lucky twice. The US looked into the abyss today.
Hardly insider trading, saw it reposted on X earlier lol
I think it's clear insider trading. Trump was in possession of market sensitive news and communicated it to his friends.
A million years in Mordor at best.
Nah, it's not insider trading. Anyone can be a "friend" of his by watching his tweets on trump social or indeed the reposts on X.
There was probably *other* insider trading though...
It absolutely would be insider trading in the UK. (I'm prepared to be corrected on this if there are experts on it)
I have a feeling we may indeed have some people on this site who know better than either of us about compliance...
Sure - but I would certainly feel obliged to report such activity as probable insider trading when I was (long ago) a 'responsible person' for my firm. That doesn't mean I'm right and the wise heads can no doubt illuminate the theme, but it does definitely say that it's skating on the lines.
I think that it’s highly probable that some people are insider trading off this volatility even if that tweet isn’t.
Musk probably sacked the people that'd know.
Trump's making my life harder.
The US justice department is disbanding a unit that was dedicated to investigating cryptocurrency-related fraud as Donald Trump’s presidential administration loosens oversight in the digital assets sector.
In a four-page memo sent to justice department employees on Monday evening, the deputy attorney general, Todd Blanche, said that its national cryptocurrency enforcement team (NCET) “shall be disbanded effective immediately”.
The memo from Blanche, who previously represented the president in the 2024 criminal trial that led to Trump’s conviction on 34 felony charges of falsifying business records, said that “the digital assets industry is critical to the nation’s economic development and innovation”.
Hardly insider trading, saw it reposted on X earlier lol
I think it's clear insider trading. Trump was in possession of market sensitive news and communicated it to his friends.
A million years in Mordor at best.
Nah, it's not insider trading. Anyone can be a "friend" of his by watching his tweets on trump social or indeed the reposts on X.
There was probably *other* insider trading though...
It absolutely would be insider trading in the UK. (I'm prepared to be corrected on this if there are experts on it)
I have a feeling we may indeed have some people on this site who know better than either of us about compliance...
Sure - but I would certainly feel obliged to report such activity as probable insider trading when I was (long ago) a 'responsible person' for my firm. That doesn't mean I'm right and the wise heads can no doubt illuminate the theme, but it does definitely say that it's skating on the lines.
I think that it’s highly probable that some people are insider trading off this volatility even if that tweet isn’t.
Musk probably sacked the people that'd know.
Trump's making my life harder.
The US justice department is disbanding a unit that was dedicated to investigating cryptocurrency-related fraud as Donald Trump’s presidential administration loosens oversight in the digital assets sector.
In a four-page memo sent to justice department employees on Monday evening, the deputy attorney general, Todd Blanche, said that its national cryptocurrency enforcement team (NCET) “shall be disbanded effective immediately”.
The memo from Blanche, who previously represented the president in the 2024 criminal trial that led to Trump’s conviction on 34 felony charges of falsifying business records, said that “the digital assets industry is critical to the nation’s economic development and innovation”.
I read most of a JG Ballard book last year, "High Rise". Regretfully it was so bad I stopped just over half way through, couldn't care less about any of the characters or what happened to them
Similar to your view of the current government?
I suppose so! I feel a bit sorry for the characters in the current govt half the time they seem to be trying to be something they aren't. Bad actors in the theatrical sense rather than malevolent
I would suggest neither and lots of uncertainty ahead
I wouldn't trust a word Trump says from even one minute to the next
I expect some are making a fortune on playing these markets
Trump really is in Truss territory now.
The problem is that he is in power for at least another 2 years.
Not black knight territory, but the Emperor is certainly showing his short comings. A total reassessment by the GOP of the whole MAGA project is now pretty inevitable, and considerable pressure to get some adults in the room.
Truss took the Gilts market to the very edge. Treasuries were rescued sooner, but with a similar scare, we may not get lucky twice. The US looked into the abyss today.
The UK government bond market since about 1980 or so has always been a rather violent one. It's small enough to be manipulated and big enough to yield huge profits if you're successful. I've no idea of current conditions, but the BoE used to rather herd its sheep and that made it easy prey for the wolves.
Hardly insider trading, saw it reposted on X earlier lol
I think it's clear insider trading. Trump was in possession of market sensitive news and communicated it to his friends.
A million years in Mordor at best.
Nah, it's not insider trading. Anyone can be a "friend" of his by watching his tweets on trump social or indeed the reposts on X.
There was probably *other* insider trading though...
It absolutely would be insider trading in the UK. (I'm prepared to be corrected on this if there are experts on it)
I have a feeling we may indeed have some people on this site who know better than either of us about compliance...
Sure - but I would certainly feel obliged to report such activity as probable insider trading when I was (long ago) a 'responsible person' for my firm. That doesn't mean I'm right and the wise heads can no doubt illuminate the theme, but it does definitely say that it's skating on the lines.
I think that it’s highly probable that some people are insider trading off this volatility even if that tweet isn’t.
Musk probably sacked the people that'd know.
Trump's making my life harder.
The US justice department is disbanding a unit that was dedicated to investigating cryptocurrency-related fraud as Donald Trump’s presidential administration loosens oversight in the digital assets sector.
In a four-page memo sent to justice department employees on Monday evening, the deputy attorney general, Todd Blanche, said that its national cryptocurrency enforcement team (NCET) “shall be disbanded effective immediately”.
The memo from Blanche, who previously represented the president in the 2024 criminal trial that led to Trump’s conviction on 34 felony charges of falsifying business records, said that “the digital assets industry is critical to the nation’s economic development and innovation”.
Now after the last few days you may be under the impression that the USA is being run by a bunch of idiots who lack any ability to run a major economy and/or that Trump is a coward wo runs for cover at the first whiff of grapeshot
I read most of a JG Ballard book last year, "High Rise". Regretfully it was so bad I stopped just over half way through, couldn't care less about any of the characters or what happened to them
You should follow the 100-age rule ISAM.
Read a book until page P, where P = 100 - your age. If you are not enjoying it by then give it up and try another.
In my case, if I'm not enjoying a book by page 36 (this year) I file it under 'life's too short'.
Seeing an awful lot of people on here confusing “caves on tariffs because of market meltdown” with “brilliant negotiator"
Just yesterday Trump was saying he wasn't going to change policy. So presumably it was the bond prices that spooked the people around him and one of them plucked up enough courage to tell the Emperor that he was naked.
I see this is now being spun as some master strategy by Trump .
I expect the Maga morons will fall for this guff.
Of course they will.
The line is "they've been forced to the negotiating table!" The truth is that calling the US to say the fucking stupid orange loon is screwing everyone else's economy as well as his own, and might they consider slipping something in his Horlicks, isn't a concession. He's just had to back off due to the market reaction just like Truss.
But you're right MAGA will lap up whatever rancid puke he throws up.
Now after the last few days you may be under the impression that the USA is being run by a bunch of idiots who lack any ability to run a major economy and/or that Trump is a coward wo runs for cover at the first whiff of grapeshot
You would be correct.
Trump has always been an "ersatz" tough guy. Its only been born into wealth that enables him to act as he does. Real tough guys on the streets dont act like him at all.
Given that the next elections are years away why are they running polls?
Do you also think we shouldn't have opinion polls in this country on the basis that we recently had a general election?
On the day the CDU and SPD shook hands on a grand coalition, BBC PM got very excited by this poll. If someone is happy to pay for the polling, they can fill their boots I suppose.
I read most of a JG Ballard book last year, "High Rise". Regretfully it was so bad I stopped just over half way through, couldn't care less about any of the characters or what happened to them
You should follow the 100-age rule ISAM.
Read a book until page P, where P = 100 - your age. If you are not enjoying it by then give it up and try another.
In my case, if I'm not enjoying a book by page 36 (this year) I file it under 'life's too short'.
Thanks, I will try that
I felt pretty bad actually, giving up on it. For some reason I feel obliged to tough it out to the end of a book, even one I am not enjoying. But this one beat me.
So did "The Old Man and the Sea" now I come to think of it. I am not getting on with "One Hundred Years of Solitude" either, not even the audiobook. Poor show really
A Russian paper says Donald Trump is “conducting affairs chaotically” & throwing "pieces of complex jigsaw puzzles into the air in the hope that when they come down they’ll form a more sensible picture. Not all will.” Another: on Iran “Trump risks another failure”
Comments
Nothing to see here.
https://bsky.app/profile/ronfilipkowski.bsky.social/post/3lmfkvkuvks2w
There’s only relief out there now, no fear, or no longer much intent to strike trade deal with USA?
https://www.theguardian.com/us-news/2024/oct/15/trump-tariffs-price-hikes-warnings
Trump is proposing an at least 10% blanket tariff on all imports, with tariffs as high as 60% on goods from China.
“You see these empty, old, beautiful steel mills and factories that are empty and falling down,” Trump said. “We’re going to bring the companies back. We’re going to lower taxes for companies that are going to make their products in the USA. And we’re going to protect those companies with strong tariffs.”
It's the bond market wot dun it. His advisors have told him the game is up. We're just waiting for the men in white coats.
You are not seeing the bigger picture, Willy. US have been leading the way in how free trade now becomes age of fair trade globally. Democratic Party wants targeted Tarrifs to help America, Biden Administration kept Trumps tariffs.
Rather than being Trump madness, we have world wide trend to new era called fair trade in place of free trade.
A million years in Mordor at best.
GOP: the party of business.
What do you want the lack of growth to do, announce its presence to you with a town cryer?
Trump fought the bond market
And the bond market won
https://x.com/convertbond/status/1910027761445483006?s=61
Long term, we're dead, of course, but when our time comes we can die happy in the knowledge that while nothing good came of Brexit, there was - maybe - an alternative reality where something different could have hypothetically happened.
Aaron Rupar
@atrupar
·
33m
REPORTER: Can you explain more of the decision making on what feels like a reversal here?
BESSENT: No
Liz Truss did that?
There was probably *other* insider trading though...
Edit - checked, it can be either. Apologies.
Sorry Dura, it’s not @arupar, I know you’re a fan.
Trump says never a better time to buy this morning.
Look at the market.
https://x.com/kobeissiletter/status/1910032040130666922?s=61
https://x.com/kobeissiletter/status/1910032040130666922?s=61
I read most of a JG Ballard book last year, "High Rise". Regretfully it was so bad I stopped just over half way through, couldn't care less about any of the characters or what happened to them
Oh dear …..
Rashford starts up front, with Prince William in Paris.
Who'd have thought it? Must have dropped Watkins for William.
The rapist shoots the architect and then gets stabbed to death. It’s a socialist allegory of the failure of Thatcherism.
With Farage calling for nationalisation yesterday, it felt a bit like something being stabbed? Like a kind of
“I have heard about Thatcherism, but it’s not a theory I have ever ascribed to.”
We are entering a new epoch.
The US justice department is disbanding a unit that was dedicated to investigating cryptocurrency-related fraud as Donald Trump’s presidential administration loosens oversight in the digital assets sector.
In a four-page memo sent to justice department employees on Monday evening, the deputy attorney general, Todd Blanche, said that its national cryptocurrency enforcement team (NCET) “shall be disbanded effective immediately”.
The memo from Blanche, who previously represented the president in the 2024 criminal trial that led to Trump’s conviction on 34 felony charges of falsifying business records, said that “the digital assets industry is critical to the nation’s economic development and innovation”.
https://www.theguardian.com/us-news/2025/apr/08/trump-crypto-doj
https://x.com/thestalwart/status/1910037712272322812
Biggest one-day gain for the NASDAQ since 10/13/2008
Not black knight territory, but the Emperor is certainly showing his short comings. A total reassessment by the GOP of the whole MAGA project is now pretty inevitable, and considerable pressure to get some adults in the room.
Truss took the Gilts market to the very edge. Treasuries were rescued sooner, but with a similar scare, we may not get lucky twice. The US looked into the abyss today.
https://x.com/billackman/status/1910031061817647206?s=46&t=L9g_woCIqbo1MTuBFCK0xg
This was brilliantly executed by @realDonaldTrump. Textbook, Art of the Deal
Salomon Brothers had aspirations for example.
Consensus view is this is Trump folding bigly after the bond market fright… eg smart guys at Capital Economics below ….
The Rose Garden chart and the equation is done:
https://x.com/faisalislam/status/1910040685174018490
https://x.com/billackman/status/1910037445384470611?s=61
Seeing an awful lot of people on here confusing “caves on tariffs because of market meltdown” with “brilliant negotiator"
@EuropeElects
Germany, Ipsos poll:
AfD-ESN: 25% (+3)
CDU/CSU-EPP: 24% (-5)
SPD-S&D: 15%
GRÜNE-G/EFA: 11% (-1)
LINKE-LEFT: 11% (+2)
BSW-NI: 5%
FDP-RE: 4%
+/- vs. 28 February-1 March 2025
Fieldwork: 4-5 April 2025
Sample size: 1,000
➤ http://europeelects.eu/germany"
https://x.com/EuropeElects/status/1909960115035279632
I expect the Maga morons will fall for this guff.
The more sickening spectacle is the likes of Bill Ackman etc who really do know better.
You would be correct.
Read a book until page P, where P = 100 - your age. If you are not enjoying it by then give it up and try another.
In my case, if I'm not enjoying a book by page 36 (this year) I file it under 'life's too short'.
The line is "they've been forced to the negotiating table!" The truth is that calling the US to say the fucking stupid orange loon is screwing everyone else's economy as well as his own, and might they consider slipping something in his Horlicks, isn't a concession. He's just had to back off due to the market reaction just like Truss.
But you're right MAGA will lap up whatever rancid puke he throws up.
I felt pretty bad actually, giving up on it. For some reason I feel obliged to tough it out to the end of a book, even one I am not enjoying. But this one beat me.
So did "The Old Man and the Sea" now I come to think of it. I am not getting on with "One Hundred Years of Solitude" either, not even the audiobook. Poor show really
A Russian paper says Donald Trump is “conducting affairs chaotically” & throwing "pieces of complex jigsaw puzzles into the air in the hope that when they come down they’ll form a more sensible picture. Not all will.” Another: on Iran “Trump risks another failure”
https://x.com/BBCSteveR/status/1909877165430124892