What has Trump done now?

[facthunter]

He's certainly making America GRATE again.   With friends like him you don't need enemies.  Nev

[onetrack]

Australia has been the best military base in the Pacific region for America since 1942. We have an outsize importance in their military scheme of things.

 

It's high time that relationship was reset, and America made to pay more (for using Australia as a base) - because we can be be just as transactional as Trump, too, if he wants to only work that way.

[red750]

[red750]

Albanese invites Trump to Australia.

 

https://www.sbs.com.au/news/article/anthony-albanese-says-he-has-invited-donald-trump-to-visit-australia/mqxqkq1s8

[red750]

This is a post on Facebook. No reference, no document to link to. Accept it or reject it as you wish.

 

[onetrack]

Yeah, you can really see Zelenskyy and the Ukrainians agreeing to that scumbags deal!! I'm surprised it doesn't include free Ukrainian land for Trump golf courses and hotels, too!

 

Edited April 3 by onetrack

[facthunter]

The stock market Indices will not please him. What a stuffed up Country. Want a  Good source of info on USA? Try IntelNet   Nev

[old man emu]

10 hours ago, red750 said:

No reference, no document to link to

Fair enough to point that out. However, considering Trump's usual behaviour, you wouldn't dismiss it out of hand. They sound like pretty typical conditions for a Trump deal.

 

Also, a few years ago Australia started imposing GST on purchases from the USA with a value of less than $1000. Apparently, according Sky News, that is one of the reasons Trump is imposing a 10% tariff on Australian stuff.

 

A lot of countries will be wrangling for a reduction in the tariff their products attract. I wonder what would happen if a lot of countries decided to stop trading with the USA and set up other markets.

 

I bet the US hamburger mobs are going into panic mode. Australia supplies a good proportion of their low fat ground beef, which is probably produced in those flood ravaged areas of Queensland. So the US market will be hit with a double whammy of higher prices due to the tariff and higher prices due to lack of supply. Those companies were suffering last year due to cost of living pressures keeping customers away.

[facthunter]

They mix their fatty stuff with our LEAN Beef but the Beef will be there's not a lot of beef. The stock losses include  breeds that have been developed over generations and cattlemen will lose properties owned for Generations by the ONE family.. Recovery will take years but SIMPLISTIC Trumper wouldn't really have a CLUE. He's having a TARIFFIC time. The Imaginary FIX for everything. Depression any body?  USA gave US all the 1929 "junk Bonds" one and the GFC Wall St  fiasco,  Maybe this one will be easier to find the Cause or Hopefully put on the Brakes before it's too Late.  Nev

[old man emu]

There's a lot of selling on the stock market, but in some ways that might represent a correction to bring the market back to where it should be after a period of speculation. The lowering of the indices might make for sensationalist headlines, but that might be all it does. However, if the drop continues past what might be considered the correct level, then we can start worrying more.

 

Am I correct, Jerry? 

[facthunter]

Stock markets HATE uncertainty and Instability. They go into GOLD or Bonds. Nev

[Marty_d]

10 hours ago, old man emu said:

Fair enough to point that out. However, considering Trump's usual behaviour, you wouldn't dismiss it out of hand. They sound like pretty typical conditions for a Trump deal.

 

Also, a few years ago Australia started imposing GST on purchases from the USA with a value of less than $1000. Apparently, according Sky News, that is one of the reasons Trump is imposing a 10% tariff on Australian stuff.

 

Sky News are almost as stupid as Trump.

 

Our GST is not equivalent to any sort of tariff as it doesn't differentiate where the product is coming from.

An Australian product attracts GST too so there is absolutely no protectionism there.

[old man emu]

I'm pretty sure that Trump got the details of how our GST is applied all stuffed up. Of course it's not a tariff. It is just a way for the government to make some money out of online purchasing. The government of the day (probably the Conservatives) just took advantage of the boom in online shopping. 

[old man emu]

Apart from putting a tariff on penguins on an isolated Antarctic island, the Trump administration has been diligent in making sure that no island is missed. 

 

 

 

[red750]

An interesting video of Trump's eating habits. Could be BS, and possibly should be in the Funny Videos thread. It shows Trump in his pyjamas eating a couple of Big Mac's in bed at 6:30 pm. It claims that he eats Big Macs because they are made before they are ordered and therefore won't be poisoned. 

 

https://www.facebook.com/share/v/16KXw3fD7u/

[red750]

Trump's 'Biden moment'.

 

Read story and watch video.

[Jerry_Atrick]

On 04/04/2025 at 12:18 AM, old man emu said:

There's a lot of selling on the stock market, but in some ways that might represent a correction to bring the market back to where it should be after a period of speculation. The lowering of the indices might make for sensationalist headlines, but that might be all it does. However, if the drop continues past what might be considered the correct level, then we can start worrying more.

 

Am I correct, Jerry? 

In general, yes.. The trick is what is the right level?

 

Just remember this adage from Warren Buffet: "When the markets get greedy, I get fearful; when the markets get fearful, I get greedy."

[nomadpete]

Even donny said

"It's a great time to get rich!"

[facthunter]

Only the WEAK will suffer TRUMP says.  Is some sort of CULLING taking place? Fear and Greed drives the stock market. Insider trading is where the real money is made. There's no shortage OF crooks in that GAME.  Nev

[Marty_d]

Just like Germany, 1936. The parallels are getting more and more obvious.

[red750]

He has warned Iran that if they don't agree to his nuclear deal within 2 months, there would be “bombing the likes of which they have never seen before”.

 

 

[facthunter]

Like "Shock & Awe" in  Iraq?  He's done one extra judicial Assassination there already and the USA shot down a civilian A 300? Mistakenly. Trump wouldn't be at all popular there. He's worked at making them HATE him.  The BULLY Boy role suites him. Nev

[Jerry_Atrick]

6 hours ago, facthunter said:

There's no shortage OF crooks in that GAME.

Theres no shortage of crooks in most games. These days you get jailed for it: https://www.fca.org.uk/news/press-releases/stuart-bayes-sentenced-insider-dealing (if you get caught).

[Jerry_Atrick]

While the press focus on equities in terms of how the economy is going, the real bellweather is the bond markets. These were surprisingly robust over the last couple of days. As most algorithms will head to US Treausry bonds (USTs) as a safe haven, as the stock market came crashing down, the USTs yields came down, which means the prices went up. This is because USTs are considered risk free. However, the credit bond markets, which are bonds made to companies, also was suprisingly robust on Thursday after the announcements. There are three classifications of creit bonds - financial institutions, investment grade corporates and non-investment grade corporates - or junk bonds. The difference between investment grade and "junk" is that investment grade are usually BBB- and up in the Moodys ratings. Junk can have ratings or be non-rated. It is important to note it is normally the credit quality of the bond itself, and not the issuer, that is important.

 

Anyway, the junk bond market sell off started in the US yesterday, and this is because there are fears of recessions. Some of these are fairly string companies, such as US Steel and Dole Foods. The spreads (between the offer and bid price that market markers provide) is the highest in 17 months.  At the moment, the markets are saying to Trump, "this dont look too good" If a US Treasury inversion comes, where the 2 year yield curve is higher than the 10 year yield curve, then its run for the hills time.

[red750]

Trump knew he was imposing tariffs on uninhabited islands. The link gives his explanation:

 

https://www.theweek.in/news/world/2025/04/07/why-did-trump-impose-a-tariff-on-uninhabited-penguin-islands-commerce-secretary-explains.html