The FTSE

  • Thread starter Thread starter worsleyweb
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ganganvince said:
Correct me if I am wrong (often am) but our system allowed parliament to remove her easily don't think the US has that option?
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In the US the system is designed to not allow any one person to have to much power. The role of Congress and the Senate is to stop any abuse of power. They collectively can impeach, convict and remove a potus. However they never do. Trump mk1 was possibly the closest ever and clearly it was a grave error in not following through with that conviction.
Mr Grumpy said:
Over there, they usually just shoot any politicians they don't like....
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Yes but with Trump they missed!
 
Get that but the impeachment process took just short of 10 months with Nixon and can't see Trump going quietly
 
A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk "a self-induced, economic nuclear winter".

Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow countries to renegotiate their trading relationships with the US.

On Monday, Ackman's warning was echoed by another prominent Wall Street figure, with JPMorgan Chase chairman Jamie Dimon saying that Trump's tariffs risked pushing up prices for Americans.

Despite the shockwaves, the American president has defended his new import taxes, saying "sometimes you have to take medicine to fix something".

  • In a recent post on X, Ackman writes: "I would love to be proven wrong and watch this approach to tariffs and/or their resolution be enormously beneficial to our country and the global economy."
 
Mr Grumpy said:
Thanks for the last comment.

I did a bit of research at the weekend on the issue of tarrifs.
It is not black and white (Warren Buffet is thrilled!).

Also, one has to be realistic. The Trump administration or any administration isn't doing things because they want to make things worse. Yes, sometimes shit goes badly wrong but there is usually a solid rationale behind key rules and policies. I am cynical enough to think that generally, politicians don't get much say in the really important stuff. It's the mandarins in the back room who really pull the strings and if something was really off, those strings wouldn't get pulled.
There is a team of highly paid professionals behind these tarrifs who must think its adventagous for the US. It is difficult though for some to look past the immediate politics of the front man and it is not like every other chump in the hot seat hasn't promised tarrifs themselves.

I like to look at these things on a longer basis. How many of the "Controversial" decisions taken by politicians actually get reversed when the othe crew get elected? Very few in reality because most of the time, it is the facts that dictate the reponses, not the politics.

Of course, this could all be a huge lump of politics and gamesmanship by the US to get more favourable trading conditions for itself. One thing that did pop up in my research is the US debt burden. It seems that only by doing what it is doing can it begin to lessen that.

What is that old saying? Follow the money!

Hmm.
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Clueless **** as always.
 
jrb said:
A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk "a self-induced, economic nuclear winter".

Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow countries to renegotiate their trading relationships with the US.

On Monday, Ackman's warning was echoed by another prominent Wall Street figure, with JPMorgan Chase chairman Jamie Dimon saying that Trump's tariffs risked pushing up prices for Americans.

Despite the shockwaves, the American president has defended his new import taxes, saying "sometimes you have to take medicine to fix something".

  • In a recent post on X, Ackman writes: "I would love to be proven wrong and watch this approach to tariffs and/or their resolution be enormously beneficial to our country and the global economy."
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Trump won’t back down, it’s in the new MAGA DNA, more likely to double down and increase the tariffs on any country that stands up to Trump.
 
Mr Grumpy said:
I don't disagree.

Short termism with your pension isn't the pathway to financial security. We are barely through the froth regarding the numbers.


Reckless for who? The US?
The US is doing this for itself. (Who is precisely whom it should be for)
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The change will come from within. The citizens are far more widely exposed to the stock market and having to save for their own pensions. We are seeing that whole, relatively stable system, having it's foundations rocked. I don't see the population putting up with that for much longer. the falls we are seeing will potentially take years to recover and even the most ardent grassroots Trump supporter will eventually see that it is doing them no good.
 
jrb said:
A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk "a self-induced, economic nuclear winter".

Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow countries to renegotiate their trading relationships with the US.

On Monday, Ackman's warning was echoed by another prominent Wall Street figure, with JPMorgan Chase chairman Jamie Dimon saying that Trump's tariffs risked pushing up prices for Americans.

Despite the shockwaves, the American president has defended his new import taxes, saying "sometimes you have to take medicine to fix something".

  • In a recent post on X, Ackman writes: "I would love to be proven wrong and watch this approach to tariffs and/or their resolution be enormously beneficial to our country and the global economy."
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He will only do it if he’s ru out of headline, I expect the next big headlines to be about Iran they’ve sent a second carrier group there and some B2s to Diego Garcia, no doubt he will bomb them to take peoples eyes off Ukraine farce and tariffs.
 
Mr Grumpy said:
I wondered when the foul mouthed troll would show up.
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Do fuck off. You’re the only troll around here. You’ve done “your research” have you? Well I guess every actual economist and analysts should shut the fuck up then because some **** with a room temperature IQ on Bluemoon thinks they’re wrong.

Ps, I’ve seen hundreds of cunts like you come and go over the last 15 or so years. I look forward to your eventual exit.
 
hampshireblue said:
The change will come from within. The citizens are far more widely exposed to the stock market and having to save for their own pensions. We are seeing that whole, relatively stable system, having it's foundations rocked. I don't see the population putting up with that for much longer. the falls we are seeing will potentially take years to recover and even the most ardent grassroots Trump supporter will eventually see that it is doing them no good.
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Do you think it a good thing that the common man has shares?
I say common man, i am of course refering to the middle classes.
The lower classes who live day to day and rely on state pensions don't figure here.

FTR. My comments here are unpolitical. I care not about who's flag is flying in the in the WH. I see this as a US action.
 
I posted this earlier in the US Tariffs thread. The markets are currently tanking because Trump's son-in-law recommended an economics advisor (who quoted a made-up character to justify his stance on tariffs) from an Amazon Books review.

Trevor Morley's Tache said:
Not sure if it's been posted already, but here we go.

Jarred Kushner found Trump's economics advisor Peter Navarro on Amazon Bookstore (absolutely not a typo).

thehill.com

Report: Kushner found Trump advisor Navarro by browsing Amazon

Jared Kushner found a White House economic advisor by browsing Amazon, Vanity Fair reported Saturday.Kushner, President Trump’s son-in-law and senior adviser, was asked by Trump to …
thehill.com thehill.com

Peter Navarro is the 'genius' who suggested tariffs to Trump as a surefire economic winner. In a number of Navarro's books on the subject, he cites 'expert economist' Ron Vara.

Ron Vara, as many of you may have spotted already is an anagram of Navarro, and is a COMPLETELY FICTIONAL CHARACTER.

That's right, made up.

Let that sink in.
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SWP's back said:
Do fuck off. You’re the only troll around here. You’ve done “your research” have you? Well I guess every actual economist and analysts should shut the fuck up then because some **** with a room temperature IQ on Bluemoon thinks they’re wrong.
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you're a poisonous little troll at that.
Every forum has them. You are a shining example in fairness.

You've had your moment. Don't derail the thread any further please.
 
Mr Grumpy said:
Do you think it a good thing that the common man has shares?
I say common man, i am of course refering to the middle classes.
The lower classes who live day to day and rely on state pensions don't figure here.

FTR. My comments here are unpolitical. I care not about who's flag is flying in the in the WH. I see this as a US action.
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Many don't have a choice other than to fund their retirement and that will inevitably involve some exposure to the stock market. Why would it not be a good thing that ALL are able to invest in the market, should it be through owning shares in a company they work for or just to fund their future?

I'm going to leave it now, as your reference to different "classes" starts to let me see why others on here are forming adverse opinions of you.
 
hampshireblue said:
The change will come from within. The citizens are far more widely exposed to the stock market and having to save for their own pensions. We are seeing that whole, relatively stable system, having it's foundations rocked. I don't see the population putting up with that for much longer. the falls we are seeing will potentially take years to recover and even the most ardent grassroots Trump supporter will eventually see that it is doing them no good.
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Huge protests across the US the weekend (plus US citizens in some European cities).

Whilst Trump is so arrogant that he won't back down, certain things may happen that will leave him with little choice. We certainly live in interesting times.

I agree with you that change must come from within, but it can't hurt for European leaders to start finding a way around this reliance on the US over the next few years.
 
hampshireblue said:
Many don't have a choice other than to fund their retirement and that will inevitably involve some exposure to the stock market. Why would it not be a good thing that ALL are able to invest in the market, should it be through owning shares in a company they work for or just to fund their future?

I'm going to leave it now, as your reference to different "classes" starts to let me see why others on here are forming adverse opinions of you.
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I didn't say that everyone shouldn't have the option to invest, i said that not everyone can. An important distinction.

In reply to your question, no, i don't think people should have to look to financial gambling to secure their future. That is a symptom of a fucked up system.

We should have a stable economy and stable financial policy which protects and rewards savers and the prudent 1st. As it is, we have the exact opposite as a direct function of those who champion the stockmarket (for thier own benefit) making everything work for it, rather than the other way round. The tail is now waging the dog which is why you have irate postes going apeshit about falling indices.
 
Mr Grumpy said:
We should have a stable economy and stable financial policy which protects and rewards savers and the prudent 1st.
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Thats just a utopian pipe dream though isn't it? The closest we ever had to this was DB pensions, which it turned out the country couldn't afford.

The stock market works, sure it ebbs and flows, and most people are relatively comfortable with that. It works that is until some moron backed by a nation of ignorant idiots interferes so badly that it suddenly doesn't.

Covid caused a dip, quite a serious one, but it was clear and obvious that it had a limited life, and that recovery would follow. With this idiot and his scattergun weaponised tariffs, there isn't a shelf life, it goes on until it doesn't, and even when it doesn't whilst shitgibbon and his supporters are in charge, it might come back again.

It's this uncertainty that has people panicking, not the fact that the FTSE or the Nikkei or whatever has dropped a few points (ok quite a lot of points), the issue is there is no end in sight
 
As an aside, the S&P 500 is now a bear market, meaning recession is likely to follow
 
SWP's back said:
Do fuck off. You’re the only troll around here. You’ve done “your research” have you? Well I guess every actual economist and analysts should shut the fuck up then because some **** with a room temperature IQ on Bluemoon thinks they’re wrong.

Ps, I’ve seen hundreds of cunts like you come and go over the last 15 or so years. I look forward to your eventual exit.
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He gets his research from Le Tissier so I think he’s pretty qualified to go against 99% of the leading economists on this issue.
 
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