The FTSE

  • Thread starter Thread starter worsleyweb
  • Start date Start date
Just had a look at my pension pots and thank goodness my main one is actively managed. Only down 2% whereas the others - bog standard ones - are nearer 8%. Wish I'd transferred them two weeks ago as it's about £7k lost. Oh well, retirement delayed for yet another year.

I think my fund managers have got some work to do over the next few weeks.

As for the free Rolls Royce shares I got last week ... down 25% at one point.
 
west didsblue said:
If you want to persist in pretending the current worldwide market turmoil is anything other than what is clearly the cause fill your boots, but don’t expect anyone to take you seriously.
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You seem unable to see the bigger picture.
Not my problem tbh so there is no cause or need for your foul mouth attacks because words on the internet.
Like i said, go have a break, you are wound up.
 
Mr Grumpy said:
That's not my point. I've given my explanations previously.

Tariffs have long been talked about and used for election promises by both sides going way back.

Trumps administration have just actually followed the promises this time (and here's your answer) because in reality, America doesn't have a choice.

I'm sure a democratic presidency would have done something equally serious at this point.

The signs for a downturn have been here for the last two years imho. Here we are.

Buckle up.
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Have they ever been used like this? I get them in certain industries/jurisdictions for obvious reasons, but universally across the board purely based upon trade deficits, it's completely insane. Have we ever seen anything of the like?
 
Mr Grumpy said:
The markets tanked by ~8-10% rapidly in the middle of Bidens term.
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1744013589064.png

Dipped rather than tanked, nothing unusual in that graph is there

Mr Grumpy said:
Read the 1st paragraph.

It mentions prices and Biden, and then justifies that by looking back decades past. It's timeline is all screwy as well.
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Why the fuck is looking back wrong?
 
b6_brum said:
Have they ever been used like this? I get them in certain industries/jurisdictions for obvious reasons, but universally across the board purely based upon trade deficits, it's completely insane. Have we ever seen anything of the like?
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I don't know the answer to your 1st question.

But, this all depends on what you term a "Tarrif".

I believe tarrifs are traditionally seen as being generally counter productive in the long term, but i think that is with relation to a level playing field and normal rules.

Clearly, we no longer have a level playing field or normal rules, else we wouldn't be sending any and every job possible to third world countries because globalisation.

For the US, i think "Tarrif" is a reaction to the difference in base costs of doing buisness across regions.

Where i live, import taxes are dreadful and act as a tarrif. A very effective one because i struggle to get stuff externally due to the price delta so i buy local where possible.

If it looks like a duck...
 
Mr Grumpy said:
I work for American companies deeply involved in global industry.
Work has been falling off for the last year tbh.

I expect worse to come regardless of tarrifs.

One good thing though is that should tarrifs begin to work, the US may have a industrial construction boom on its hands.
Should that work, we'll begin to see a rebalance in trade between countries which will have a knock on effect of tempering global trade (ie developed national sending low risk/profit work to developing nations because they don't have Health, safety and welfare costs to push up the wages).

Or global collapse.

Who knows eh?
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We shall have to disagree on this.
It will take a couple of decades for American industry to equip itself to replace these imports and that's only if you can educate, skill and aquire the right people to do the work. And thats a very big if! In the meantime all this is going to do is push up inflation for Americans and crash your economy. Trump economics will be a disaster for the US.

On top of that Trump and the US is losing friends all over the world and payback will surely happen. Expect US companies to be excluded, placed at the bottom of any tender list going forwards.
 
Mr Grumpy said:
I don't know the answer to your 1st question.

But, this all depends on what you term a "Tarrif".

I believe tarrifs are traditionally seen as being generally counter productive in the long term, but i think that is with relation to a level playing field and normal rules.

Clearly, we no longer have a level playing field or normal rules, else we wouldn't be sending any and every job possible to third world countries because globalisation.

For the US, i think "Tarrif" is a reaction to the difference in base costs of doing buisness across regions.

Where i live, import taxes are dreadful and act as a tarrif. A very effective one because i struggle to get stuff externally due to the price delta so i buy local where possible.

If it looks like a duck...
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A “Tarrif” is a misspelling of the word “Tariff” usually used by people who aren’t very bright.
 
Churchlawtonblue said:
We shall have to disagree on this.
It will take a couple of decades for American industry to equip itself to replace these imports and that's only if you can educate, skill and aquire the right people to do the work. And thats a very big if! In the meantime all this is going to do is push up inflation for Americans and crash your economy. Trump economics will be a disaster for the US.

On top of that Trump and the US is losing friends all over the world and payback will surely happen. Expect US companies to be excluded, placed at the bottom of any tender list going forwards.
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Good comment.

Personally, it could mean a boom for me.
If the US starts building capital projects at pace in the US, then my industry will be on a winner.

Kinda on the same point here about my thoughts on the markets. Change is where the profits and fun is.
 
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