Trump 2.0

[jack_lord]

Yes she did. But I’ve always been unconvinced Foot’s Labour would have won in 1983 regardless of the Falkland Islands and how unpopular Thatcher was. They were a shambles.

She was way behind in the polls before the Argentinian invasion and was quoted as being the least popular prime minister in history. I agree with your view on Foot and Labour at the time but She was leading them in to an election defeat despite Foot.
My view is that we would not be talking about Thatcherism as an ideology because Labour would have inherited the mess in 1983 and another leader from the Conservatives may well have won the election in 1987.

 

[jack_lord]

I never said it was perfect and I’m not interested in a debate about the 80s this is more about a comment on the Trump strategy which will have little to no positive impact in terms of on shoring manufacturing or protecting in a positive way imo.

So how would you reverse the trend of manufacturing jobs moving overseas or having more labour intensive operations instead of machines? I’d be very interested if you have the knowledge.

I agree with much of what you have said. Reversing the decline in manufacturing in the UK is a complex issue with no simple solution. I think that there would have been a natural shift to a service sector in the UK and that manufacturing jobs would have disappeared in this structural shift. I do believe strongly that it was Thatcher's policies that exacerbated the decimation. I feel that a combination of monetarist and Keynesian policies are healthy for the UK economy and protectionism can be used short term to help certain industries but it is a bad policy.

 

[rockinj]

Can I ask what industry you work in?

Consultancy. Not that it matters.

 

[rockinj]

I agree with much of what you have said. Reversing the decline in manufacturing in the UK is a complex issue with no simple solution. I think that there would have been a natural shift to a service sector in the UK and that manufacturing jobs would have disappeared in this structural shift. I do believe strongly that it was Thatcher's policies that exacerbated the decimation. I feel that a combination of monetarist and Keynesian policies are healthy for the UK economy and protectionism can be used short term to help certain industries but it is a bad policy.

Completely fair comments and yes Thatcher did indeed speed things up with her policies.

I just get frustrated with the idea we don’t have a base here we do it’s just changed

I’m also really keen to understand how you can realistically turn things around without damage elsewhere.

I mean I support the green agenda, but that will mean winners and losers again. The obv example being Port Talbot.

 

[Neath_Jack]

Consultancy. Not that it matters.

No, what industry. Interested that’s all.

 

[Smurph]

No, what industry. Interested that’s all.

Aerospace

 

[TheLoneRanger]

Trump's simple formula for working out his tariffs ...

 

[TheLoneRanger]

And how to use it ...

 

[Pegojack]

And how to use it ...

Trump couldn't even read that out loud, never mind use it to set tariff strategy.

He's as dumb as soup.

 

[Swanjaxs]

Trump couldn't even read that out loud, never mind use it to set tariff strategy.

He's as dumb as soup.

Thick as paint...

 

[Cooperman]

Sharp intake of breath. Where is the bottom?

 

[monmouth]

Sharp intake of breath. Where is the bottom?

Algorithms sell in a plunging market, disaster capitalism bets on it. Was it in 2003 or so we watched the FTSE hit around 3000. At some point it will be so cheap they’ll start buying, but pension funds and investment funds ain’t going to be in good shape. I mentally marked my values down by 30% to absorb the ‘sticker shock’, and I’m wondering if that’s enough. Scary innit?

I still expect the orange painted clown to back down under pressure, so there is also a buying opportunity here. It takes bravery though…and I’m too old for that.

 

[Cooperman]

Algorithms sell in a plunging market, disaster capitalism bets on it. Was it in 2003 or so we watched the FTSE hit around 3000. At some point it will be so cheap they’ll start buying, but pension funds and investment funds ain’t going to be in good shape. I mentally marked my values down by 30% to absorb the ‘sticker shock’, and I’m wondering if that’s enough. Scary innit?

I still expect the orange painted clown to back down under pressure, so there is also a buying opportunity here. It takes bravery though…and I’m too old for that.

I have watched with some satisfaction how the Rolls Royce ticker has grown since Covid; I went in at 180p and bailed out at 750 on the basis that I couldn’t see sustained progress at that rate for much longer. 750 will be back in reach at some point, so yes very much an opportunity. Just need to see how low it goes. Total blood bath today.

 

[Glyn1]

And how to use it ...

CBC News explained it best on YouTube. Search for

The bizarre way Trump’s team calculated reciprocal tariffs​

They took one number and divided it by another. Then multiplied it by 1. And that's all.

 

[Niigata Jack]

CBC News explained it best on YouTube. Search for

The bizarre way Trump’s team calculated reciprocal tariffs​

They took one number and divided it by another. Then multiplied it by 1. And that's all.

My pension has had another hammering and the property market is probably taking a canning, ffs