President Trump

Grassland Blue said:
Do the Americans not buy sugar cane from Cuba?
Or cigars?
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No and no.

Cuban cigars are generally illegal to import into the United States due to the embargo on Cuban goods.

However, there is a specific exception: Travelers returning from a licensed visit to Cuba (good luck!!) can bring Cuban cigars into the U.S. if the value does not exceed $100 and they are for personal use, not resale.

It is illegal to bring Cuban cigars into the U.S. if they were purchased in third countries.

Possessing Cuban cigars obtained through legal means (e.g., purchased in Cuba under the $100 limit) is not illegal, but importing them otherwise is prohibited.
 
The perfect fumble said:
You don't know penguins like we do ;-)

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Gabriel said:
Yes. The bond market does appear to be the Achilles' heel. Quite who was shooting remains unclear, however.
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Thats his big problem - he (in fact the lot of them) over estimate the power of the USA - he can bully smaller countries and economies but he can't boss the bond market - places like China had started selling US bonds and very briefly the markets viewed GREEK Govt bonds as being safer than US ones - I am sure the world fell out of Lutnicks ring piece at that point and he had a word in Don's ravaged shell like ear
 
The bond market did for Truss too. If you mess with the markets they will punish you by making your debt much more expensive.
 
KS55 said:
The bond market did for Truss too. If you mess with the markets they will punish you by making your debt much more expensive.
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And what are 10yr gilts at today I wonder? Amongst the highest ever, higher than when Truss was PM.

And yet unlike Truss Starmer lives to tell the tale...
 
inbetween said:
And what are 10yr gilts at today I wonder? Amongst the highest ever, higher than when Truss was PM.

And yet unlike Truss Starmer lives to tell the tale...
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What are you on about.
Truss personally managed to increase them by around 100%.
Starmer inherited a high rate of around 4.2% and they were gradually going down until Trump won the election and they’re still only 15% above what he inherited due to external factors.
There’s really no comparison other than the headline figure. Come back when he doubles the rate through a really stupid policy.
 
inbetween said:
And what are 10yr gilts at today I wonder? Amongst the highest ever, higher than when Truss was PM.

And yet unlike Truss Starmer lives to tell the tale...
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That's not quite how it works. The Truss debacle made UK government debt significantly more expensive in comparison to other similar countries.

It's like having bad credit vs just the market being expensive.

Right now uk debt is more expensive than when Truss was doing her thing but it's not more expensive relative to other similar countries.

Truss was clearly responsible for the market rate we were paying at that time. Since then, under rishy and now Starmer our rate has normalised but the market cost in general has gone up.
 
bluethrunthru said:
Thats his big problem - he (in fact the lot of them) over estimate the power of the USA - he can bully smaller countries and economies but he can't boss the bond market - places like China had started selling US bonds and very briefly the markets viewed GREEK Govt bonds as being safer than US ones - I am sure the world fell out of Lutnicks ring piece at that point and he had a word in Don's ravaged shell like ear
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Apparently when Japan started selling US bonds it caused the "Oh Shit" revelation in trump's gang
 
Please will the US Blues do something about this lunatic!! My ISA, which is not that much I hasten to add, but it is the only inheritance I can give to my grandkids, has dropped in value by £15 since Friday. (By the value of the drop you can tell it isn't a large ISA.)
I am not dying and letting that twerp ruin my grandchildren's inheritance. If you won't do something, I'm getting my walking stick and a medical exemption from the doctor to come over and sort him out myself. I'll give him a few stern words the silly little orange man!!!!



Can you imagine how he will be cringing in his chair at the Oval office knowing this old crone is coming after him??? :-) *lol*
 
FogBlueInSanFran said:
At least we are capable of some humo(u)r — I’m in a Masters Pool with some friends from all over the country and two blokes from Calgary.

Guy who sends round the pool wrote “Entry cost is $20 but $25 for Canadians due to tariffs.”
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Would have been funnier if he hadn’t felt the need to explain his own joke with the three words at the end.
 
And, as it is clear that U.S. trade policy is being made up on the fly, it generates lots of drama and uncertainty, which is another heavy weight on the economy.

The most worrisome aspect is the volatility in the bond markets. Long-term rates have jumped. Historically, when there is a crisis, money flows into the U.S. We are money good – the Aaa credit. Not this time. Global investors may be losing faith in the U.S. If we are no longer the global safe haven, it will cost us dearly.

Mark Zandi, Chief Economist, Moody’s Analytics

www.mediaite.com

Moody’s Chief Economist Rains on Trump Tariffs Pause Parade: ‘Still Put the Odds of a Recession This Year at 60%’

Mark Zandi, the chief economist for Moody's Analytics, rained on the relative optimism in the market after President Donald Trump's tariff pause.
www.mediaite.com www.mediaite.com
 
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