Member Info for Lokiloo

Whereas Trump seemingly gets all his economic advice from a random shouty author found by his son in law scrolling through Amazon book titles, who cites economic experts the author himself, invented.

Concerned? You ought to be.

Https://youtu.be/ghKcz_8Qd10?si=yXpJFOsOtpGkxNZD Guarantee, if you take time to watch this, you'll be sat there dumbstruck

'He is acting like a gangster.'

He is a gangster, a convicted fraudster and a convicted sex offender.

'if you are supporting communist china you are supporting a thug police state.'

Pretty sure the US run around the globe acting like thugs and also, pretty sure that in the US and the UK right now police are kicking in doors and arresting folk and locking them up for years for discussing protest.

GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOONERS!

HAVE YOU EVER SEEN A BETTER FREE KICK THAN THE FIRST DECLAN GOAL?

YES!! THE FKIN SECOND ONE!!!

...and remind the OAP incel that as a percentage of disposable income it is the lowest paid that have been hardest hit through taxation in recent years, by far 👍

Now... i'm off to watch the CL Quarter Final.

Sen. Mark Warner, D-Va., blasted the administration for hitting allies, including Australia, with tariffs.

"They are an incredibly important national security partner. Why were they whacked with a tariff?" Warner asked about Australia, raising his voice.

With the two men talking over each other, Warner shouted at Greer to "answer the question on Australia."

Warner repeatedly pointed to the U.S. having a trade surplus with Australia, which has a trade agreement with the U.S., while Greer said that Australia bans certain products from the U.S.

"The idea that we are going to whack friend and foe alike, and particularly friends ... I think, insulting to the Australians, undermines our national security and, frankly, makes us not a good partner going forward," Warner said.

🤣👍 That did make me chuckle

Sen. Mark Warner, D- Va., said global markets opening higher this morning following a mass multi-day sell-off in reaction to Trump’s sprawling tariffs was just a“good day in hospice,” and not a lasting sign of market recovery.

“I just talked to one of the senior folks Wall Street, and he described today’s market as ‘a good day in hospice,’” Warner said during his line of questioning to Greer at the Senate Finance Committee hearing. “I loved your fancy Greek formula, which was basically bad math on steroids.”

Didn't find any then? 🤣

Antony

Antony

Sure, if you can find any.

I'd happily boot any 'millionaire' off the top of Dover that doesn't believe they should support this nation through taxation.

👍

High noon indeed.

You'd either need balls of steel or an empty head to hold stock into close tonight awaiting the latest on China/Rump surely?

A technical analyst, Anthony, a veteran of Wall Street since 1997, said the volatility in trading was being determined by Trump’s comments, that were in turn triggering automated trading algorithms to move the markets “like a rubber band”. He analyst said retail investors had not even begun selling off yet, “but it’s coming”.

“What’s happening is that it’s going to hit the American people, and they’re going to keep their wallet closed in their pocket. Without a doubt, we’re hitting a recession,” he said. But would the traders still make money? “You bet. You can make more in a down market than up market.”

But ultimately, he said, Donald Trump is not for ever. “We might be under the mercy of him right now, but just like the World Trade Center, the 70s oil embargo, [Alan] Greenspan with Long-Term Capital Management – all these things happen. It’s a blip. He’s going to come and he’s going to go.

“He’s going to try to push everything he can through now, before the midterms. It’s going to blow up in his face, cause a recession, and any president that causes a recession never gets re-elected – and nor does his party.”

'80% crash, fake news again day on day.'

I sincerely hope you are correct.

Not sure how $40 or even $60 a barrel works with the Trump promise to 'drill baby drill' when US rigs were shutting at $70 a barrel because they weren't viable..

'One of Wall Street's most successful investors has warned that the stock market slide in the wake of Donald Trump's tariffs is merely a pothole in the road toward a sheer cliff edge.

Mark Spitznagel, chief investment officer and founder of Universa Investments, told MarketWatch he expected an '80% crash' was lurking around the corner.

'I expect an 80% crash when this is over. I just don't think this is it. This is a trap,' he said, adding that when the real crash happens, investors will know it.

Universa is a $16 billion hedge fund specialising in risk mitigation against 'black swan' events - unpredictable and high-impact drivers of market volatility.

It uses credit default swaps, stock options and other derivatives to profit from severe market dislocations.

Spitznagel's fund was one of the big winners during the extreme volatility that rocked markets in the early days of the pandemic in 2020, returning a whopping 4,144% in Q1 of the Covid-affected year.

'This is another selloff to shake people out. This isn't Armageddon. That time will come as the bubble bursts,' he said in comments to MarketWatch. '

'Makes a change from War and slaughter.'

Bet your life Putin and Netanyahu are thankful Trump is diverting attention from their daily slaughter.

"Most CEOs I talk to would say we are probably in recession right now.”

Is that enough for Bloomer to pay out on his £100 wager he had with me that the US wouldn't go into recession? 😂

On tariffs... If the EU stand up to Trump, like China has promised to, Trump and the USA are in serious hot water and i'd imagine there would be a line of US billionaires waiting to give Trump the boot.

If both the EU and China stand up to the USA, Trump is in serious trouble.