President Trump

[KS55]

Well friends, the lunatics have taken over the asylum.
Stock markets are crashing, led by retail and tech, up to 10% on the day so far.
Congrats to the chief lunatic, Orangeman. His accolytes are not far behind. Plenty of republicans are applauding this great day and Fox has told everybody to buckle up because USA is at war.
The Treasury Secretary said he knew nothing as he was not part of the team: a perfect illustration of Trump’s policy of appointing idiots so he could ignore them.
All Hail to the Orange King.

 

[threespires]

Alvin makes more sense than Dax about his own country

Fair point. Unreserved apology to Alvin.

 

[noseve]

Didn’t a right leaning politician once say there’s lies damn lies and statistics ? Or was that Mark Twain ??

It was definitely a right-thinking Vic Reeves who declared '89.46% of statistics are made up on the spot'.

These days he might have to adjust that upwards

 

[give it to gordon]

Guess this is all bad news for our pension funds

 

[Norbert D]

Guess this is all bad news for our pension funds

Not great but I look at it like Brexit. Brexit was a bit shit for our European allies but extremely shit for us. Trumps tariffs aren’t exactly great for us but they will be fucking disastrous for Americans.

 

[BobKowalski]

Trade deficits must be accounted for on the balance sheet by selling assets. You are just repeating your error. Go ask an accountant.

The link you provided is the Govts net worth ie its assets versus its liabilities. It is not a balance sheet in trade. If a private corporation or company imports goods or materials as part of its normal business, they are not using Govt money to pay for the goods or materials, they are using their own money and this expenditure and subsequent receipts will appear on the company’s, and no one else’s, balance sheet and P/L. This economic activity will count towards a country’s GDP and it will count as growth irrespective of the fact the initial transaction would register as an import.

GDP activity and growth is import/export neutral. GDP is a measure of the UK’s economic activity irrespective of how it originated.

 

[pudge]

So the ****'s fucked it?

I'll call Ripley's

 

[KS55]

The link you provided is the Govts net worth ie its assets versus its liabilities. It is not a balance sheet in trade. If a private corporation or company imports goods or materials as part of its normal business, they are not using Govt money to pay for the goods or materials, they are using their own money and this expenditure and subsequent receipts will appear on the company’s, and no one else’s, balance sheet and P/L. This economic activity will count towards a country’s GDP and it will count as growth irrespective of the fact the initial transaction would register as an import.

GDP activity and growth is import/export neutral. GDP is a measure of the UK’s economic activity irrespective of how it originated.

You need to educate yourself before commenting on such matters. I suggest you start with the UK Current Account. Then you might know a little about trade figures.
All these accounts are notional but are used by the treasury to inform policy.
Sorry, but without that knowledge you are talking nonsense. Stop doubling down on it. Do you know the difference between a balance sheet and a P&L?

 

[Gabriel]

 

[Wayneclarkemunchescarrots]

Are you American? BBC news/politics is certainly not left wing but I can understand if you're A ****

 

[Vic]

I agree with your sentiment that free trade (the topic) is a suburb ideal.
My point was more towards the typical presentation by the BBC, and particularly the female anchors, with the ultra aggressive often condescending presentation style that usually has a left leaning bent to it.

How can anyone not have a condescending style toward blithering idiots?

 

[Blue_Lightsaber]

So the ****'s fucked it?

I'll call Ripley's

 

[Mr Ed (The Stables)]

So will the pound get stronger against the dollar because of this, going to the club World Cup so having more dollars in my pocket would be handy.

You do know some tourists recently, have spent up to two weeks in detention centres in solitary confinment & chains:-)

 

[Kirkstall Blue]

Macron responding to Trump “collective solidarity”

I don’t know what to make of Trump the only ones left out of the Tariff war are countries like Russia and Belarus.

 

[TonyM]

Macron responding to Trump “collective solidarity”

I don’t know what to make of Trump the only ones left out of the Tariff war are countries like Russia and Belarus.

I thought they were not called out because no trade is allowed with them due to sanctions.

 

[liveandletdive]

It's only gonna get worse I fear.

 

[BlueHammer85]

I can see Europe coming back with digital tariffs for US "service" companies. knock on effect to big tech companies who don't make physical products.

Which doesn’t make sense why Trump would do this - tech is Americas future.

 

[BlueHammer85]

Spot on. I too hate biased reporters, especially if they're not female - I hate females!

And you mention the BBC! OMG I totally agree! What a left-leaning, scumbag, lying outlet. Just look here!:

https://www.allsides.com/news-source/bbc-news-media-bias

So stay tuned to Fox News - there's a neutral outlet both you and I can rely upon for factual news letting us decide the truth of matters for ourselves!

Good link, always amusing to see the far left say the BBC is extreme right wing , and the right wing saying it’s a woke, liberal left organisation.

 

[Grassland Blue]

Your local village idiot makes more sense than Dax about any topic whatsoever.

Ir is said that Dax moved out of our village.....

 

[Trevor Morley's Tache]

Flew to Florida on AF1 and then took Marine-1 to his shitty golf resort to host an event that he will financially benefit from. Sounds legit.