Home » Open thread 4/9/2025

Comments

Open thread 4/9/2025 — 56 Comments

  1. I wouldn’t bother worrying about the markets too much. The costs of US borrowing appears to be getting scary and the Fed may have to start buying the bonds that so many are ditching.
    This looks like a much larger version of the disaster we had with Truss as PM. She threatened to borrow a load of money to do tax cuts – until the bond markets went haywire.
    Very difficult to see any mechanism to reign Trump in while the US discovers it really does need other countries and tariffs really are a daft policy.

  2. In my opinion, the UK would have been far better off sticking with Truss than with her successors. But from this side of the Atlantic it appears to me that the UK and continental Europe lack actual “conservative” parties in the US sense, that is, parties advocating smaller government and lower taxes and less regulation. Europe does have some parties objecting to the Islamic invasion, in which the invaders are not required to assimilate to the host countries’ previous values. These are labeled “far right” by the ruling elites.

  3. You think Trump hasn’t just raised taxes? All those businesses suddenly having to pay massive import taxes? If my costs were going up like that and that quick I would soon be paying no tax on the business. It would be shut.
    Truss seriously damaged the arguments for tax cuts because she went about it in such a moronic fashion. The UK Conservative Party has been discredited ever since. That’s why we have a big state Labour Party in power.

  4. I haven’t had much experience with Irish accents, apart from listening to the music of Tommy Makem and the Clancy Brothers. I worked with a number of Scots in the oilfield in Venezuela and Guatemala–and had two Scots housemates in our staff house (apartment) in Venezuela.

    I recall some variation in their accents. Some Scots were easier to understand than others. I also found the accents of their Northern England friends to be difficult to understand.

    Decades later, I was in a grad school class where we gave project presentations for our final exam. The Dean of the school, a Scotland native, attended our presentations. I told the Dean I had worked with Scots in Venezuela.

    “Bunch of drunks, weren’t they.”

    Let’s put it this way. Some reputations are deserved. 🙂

    I worked in Trinidad, thus getting exposure to yet another English accent. I had no trouble understanding the Trinis I worked with. I gave some rides to Trinis in the countryside. I did find the rural accent difficult to understand.

    Which reminds me.. I recently listened to a Megyn Kelly podcast. I found her Jersey speech pattern exasperating–speaking at a normal speed, and then speeding up. Rinse and repeat.

  5. When I was in middle and high school we lived in the UK for five years. Went to a British state school for two years and picked up an accent.

    Fast forward to ten years ago. I was at a nearby restaurant, in the corner was a television showing a soccer game. I could not understand the commentators, struggled to figure out what language they were speaking. Spanish? Portuguese? Basque???

    After a few minutes realized it was English. The announcers were Scottish.

  6. Truss seriously damaged the arguments for tax cuts because she went about it in such a moronic fashion. The UK Conservative Party has been discredited ever since. That’s why we have a big state Labour Party in power.
    ==
    I gather that’s the excuse offered by the Tory HQ staff of the Chipping Norton era. More sensible people might have thought failure to restrict immigration, BoJo’s COVID fandango, and putting a foreigner in the Prime Minister’s chair might have had something to do with it.

  7. The costs of US borrowing appears to be getting scary and the Fed may have to start buying the bonds that so many are ditching.
    ==
    The rate on treasuries began increasing five years ago and is slightly lower than it was last year. Nice try.

  8. The British trolls just aren’t up to snuff.

    Almost as bad as our GOPe(extinct) “cough” versions.

  9. Boris johnson was going to be a transitional figure something andrew marr recognized back in 2015 he became a footnote like douglas home because of the lockdowns

  10. “Nice try”

    You are too kind to Clayton, AD, it was a pathetic ignorant try like everything else the paid troll has ever posted here. Everyone knows that regardless of all the yammering about recent financial events there has been a drop in interest rates. Except Clayton and his handlers.

  11. The current S&P 500 level would have been an all-time high a little over a year ago.

  12. Couple of years ago, some military archeologists found a dozen sets of remains from the Battle of Camden. Twelve colonists and one Brit. He was from Fraser’s Highlanders, iirc. When the interment ceremony commenced, there was a detachment from his regiment (after a number of amalgamations, I imagine) to participate.
    One was interviewed. Practically unintelligible.

    Friend brought a movie from the UK. “Ridley”. Murder mystery in the present English countryside. We were interrupted by something or other after twenty minutes. I’m not going back to that without captions.

    But you go a thousand miles in the US and you’ll hear a difference in vowels.

  13. Ultimately, Johnson’s seemingly insurmountable problem was (is?) that not even HE could, ultimately, take himself seriously.

    (But he tried! Oh, how he tried…)

  14. Miguel @ 1:03 pm
    Another Victiry for the Hair of Orange!

    (Heh, wonder if the usual suspects are going to be burning Panama hats and/or waylaying anyone caught wearing one…)

  15. Now I understand David C better. He’s a Brit. That does not make his writings any better.

  16. Dow up 2100 at the moment, although the way things have been going, it could plunge again. Hang on.

    Other than the Communist Chinese, other trading nations seem to be coming to negotiations, and we will, I hope, end up with a trade environment which no longer takes advantage of the US, or at least not to the same extent. China’s aggressive retaliation may be a sign of how desperate its economic situation is.

  17. Trump pauses the tariffs except for China, posting on Truth Social (according to Ed Morrisey at Hot Air):

    Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!

  18. One thing I’ve been thinking about regarding the China tarriff war is that perhaps Trump could offer a temporary panacea to the many small businesses that will doubtless be severely effected by the dramatic increase in prices for certain products imported from China that they depend on. These tarriffs will mostly effect the costs of various electronic devices, computers and the like. Perhaps some sort of narrow stimulus could be arranged, one that’s oestensibly derived from any revenues from the tarriffs themselves. I have no idea how that could be implimented of course.

    It’d have to be pretty targeted. Perhaps some small business needs to by some new laptops or flatscreen monitors or security cameras or whatever. In a specific cases anyway maybe the government cuts a check to cover some of the costs or something along those lines? I have no idea really, just spitballing.

  19. Ha ha Trump’s forever tariffs have been paused. A sensible move to give businesses a chance to adjust to this ‘new world order’. Did he plan this or has he made persuaded by panic stricken supporters?
    Anyone knowing this juicy information has made a lot of money today.

    Doesn’t change the story for all those businesses using Chinese factories who still have to pay the import taxes.
    A government of chaos who has the USA shedding allies and global trust.

    Just out of curiosity who do people on here see as suitable to be the future allies of the USA?

  20. Bonchie at Red State on the tariff pause. Looks like negotiation was the goal.

    –Kate

    Yes. And ultimately it’s about China.

    China is our serious enemy. It’s taken advantage of us since Nixon went to China. China has been stealing IP and dumping product. China has not moderated. It seeks world domination. China remains essentially a communist dictatorship with a horrendous human rights record.

    It’s hard to say if they really intend on invading Taiwan, but their economy is in trouble and it’s an excellent time to kick them while they are down.

    We can’t afford to depend on China for anything. We need to reshore much of the industry we ceded to them. That will result in inflation, whichever way it happens.

    I’m beginning to think Trump really does play 3D chess.

  21. And right on cue, DC repeats what I’ve seen in last few hours from lefty friends…Trump is an idiot, flip flopper, had to cave in. A lot of TDS.

  22. “ I’m beginning to think Trump really does play 3D chess”
    Well if him and his family bought and sold at the right time they have made a fortune out of this chaos
    Meanwhile the reputation of the US is in the bin.

  23. “Just out of curiosity who do people on here see as suitable to be the future allies of the USA?”

    Frankly, I’m not real concerned about having allies as an American. Must be my upbringing in the West…too many cowboys. Seems past history has shown most of our “allies” are countries we either saved their asses, or defeated. At the moment the only “ally” I’d regret losing would be Israel.

  24. A decade or two ago conservative bloggers were talking about the “Anglosphere” as the new coalition of freedom-loving countries. This would have been the UK, its commonwealth countries, and the US. The UK and the commonwealth have, for the most part, dropped out of the “freedom-loving” category. India is pro-growth but has serious religious discrimination problems. At this point, the US should have allies who are willing to play fair and defend themselves when necessary.

    I am encouraged to see African leaders saying that the end of USAID is probably a positive thing for Africa.

  25. Italy Holland and Hungary after that its magic 8 ball
    France the Uk and Germany which one has been worse your call we look how they have discarded their history and customs in a trash bin
    Reading the Prospect isnt conducive to good decision making

  26. Clayton doesn’t know how obvious it is that he’s a paid troll. Ok, maybe AI …

  27. Don’t know that this site has ever had a paid troll. (The moderatrix thought ‘manju’ had features one might expect of a paid troll). I do know that among the contributors there’s always one screen name which attempts to throw darts at the moderatrix or other participants or introduce red herrings. Every once in a while, it’s retired and a new one appears with a somewhat different shtick. Not seeing ‘David Clayton’ as part of that succession.

  28. The UK and the commonwealth have, for the most part, dropped out of the “freedom-loving” category.
    ==
    They haven’t been there in a while. In Australia, you had mass confiscation of privately-owned firearms in 1996 and in Canada you had their odious ‘human rights tribunals’, which have been a feature of Canadian life since the 1970s. Read some of Mark Steyn’s columns on the ‘human rights tribunals’ (which the Harper ministries did attempt to defang, IIRC). All over the anglosphere, you’ve had perfectly horrid immigration policies, which has wretched knock-on effects.
    ==
    Please note, the British Conservative Party had ample opportunity to rid Britain of abusive legislation passed by Labour ministries and they did nothing.

  29. Meanwhile the reputation of the US is in the bin.
    ==
    Why should we give a sh!t what your friends fancy?

  30. Well if him and his family bought and sold at the right time they have made a fortune out of this chaos

    David Clayton:

    The market rises, the market falls. The market rises again. ‘

    ‘Twas ever thus.

    Anyone who could call the peaks and valleys made money. Nancy Pelosi seems to be a whiz at it … until the past few days.
    _______________________________

    According to data compiled by Quiver’s Pelosi tracker, including congressional asset filings, Pelosi’s net worth has more than doubled in the past decade from $123 million in 2014 to hitting an estimated $270 million earlier this year.

    But thanks to Trump’s massive new reciprocal tariffs, Pelosi has been hit hard.

    ‘Nancy Pelosi’s net worth has fallen by approximately $7M since Tuesday, per our estimates,’ Quiver co-founder Chris Kardatzke told DailyMail.com.

    https://www.dailymail.co.uk/news/article-14569421/nancy-pelosi-falls-wealthiest-politicians-list-trump.html
    _______________________________

    Guess with Trump in, she’s out of the insider trading loop. Pity.

    Meanwhile the reputation of the US is in the bin.

    According to your lot the reputation of the US is always in the bin if it is out of sync with the EU. Pity.

  31. Poor Nancy, she’s down to her last $263 million because of that crazy blundering Trump! Let’s take up a collection for her.

  32. Today’s market action was a classic short squeeze. The shorts had been in charge for several days, but the pause in tariffs gambit set off a buying spree. The shorts had to buy to cover their borrowed shares.

    It could go on for a while. However, if Chiona rattles their swords, the market could swoon again. The Chinese will probably hang in there for a while. Only about 20% of their production is exported to the U.S. now. Our tariffs will sting but not be fatal.

    It’s said they have economic problems of their own. Many companies departing for other less dictatorial nations. A real estate bust. Still recovering from Covid, etc. They will consider having to negotiate as a loss of face. I don’t expect them to become cooperative unless it’s a last resort. It’s a dictatorship and the people will mostly do what they’re told. The ball’s in their court now.

  33. Speaking of environmentalists; President Trump has said yes to logging on Federal lands and to mining and burning of coal! And favored nuclear power plants.

    The horrors, the unmitigated horrors!

    Poor, poor hot house orchids. Bwa, ha, ha!

  34. Snow on The Pine—
    For those who don’t know, there is no great Pacific plastic place— it’s been sought, but it can’t be found.

    I recall a calculation based on wide area sampling, that 90% of plastic in the ocean hails from Asian and African rivers. The price of early development, in other words?

    This finding makes a good deal of intuitive sense.

  35. Huxley “ The market rises, the market falls. The market rises again. ‘

    ‘Twas ever thus.

    Anyone who could call the peaks and valleys made money.”

    Anyone who saw those boards Trump had last week and knew about his policy switch yesterday will have made money.

    Over the last few weeks with the on/off chaotic tariff policy there has been a lot of opportunity to make money from those close to Trump.

    On the other hand some of those politically close to him looked utterly clueless about what was going on.

    Hard to see anyone shifting their factories until this shambles stabilises.i get the impression that many are looking for ways to avoid trade involving the US because it has become such an unstable partner. Or is the plan to have trade only inside the US or only on terms entirely favourable to the US?

    Do people here think this is helping the US economy? If so how?

  36. This was quick.
    https://townhall.com/tipsheet/rebeccadowns/2025/04/09/the-good-news-surrounding-trumps-pause-on-tariffs-continues-with-goldman-sachs-latest-announcement-n2655270

    “Goldman Sachs updated their concerns of a recession not long after Trump’s announcement, a stunning reversal of their prediction from earlier that same day.”

    Or as one pundit put it: ” Per @GoldmanSachs, from 12:57 p.m. to 2:10 p.m. EDT there was a recession in the United States of America.”

    And a commenter commented: “I’m reminded of the old Paul Samuelson (MIT Economics professor, Nobel Prize winner) saying :
    “The markets have predicted 11 of the last 5 recessions”.”

  37. Well aesop all that certainly demonstrates what a mind bendingly stupid policy tariffs are as they seriously increase the risk of recession.
    So what is the benefit of all this chaos to the USA?
    Who do you reckon made some serious cash yesterday?
    Is it worth moving a factory to the USA from Mexico let alone Vietnam when tariffs are a temporary event?
    And is any of this improving global faith in the US as a stable country?
    Oh and last week was liberation day what the hell was yesterday? Profit taking….
    …… and in ninety days the orange clown runs this circus again.

  38. Nothing but incoherent babbling from the troll. As for “paid” I suspect there are a lot more than people think. Or at least dispatched. Hillary was running an operation like that years ago, “Correct the Record” har-de-har-har. Soros could support battalions of these losers for the price of a single DA race.

  39. “David Clayton” joins the snake Sen. Adam Schiff in finding Trump White House corruption without any evidence at all. Maybe this means that, had they been White House staffers, they would have used insider information, so they assume the actual staff did so.

    I only read public news reports and blogs. We didn’t buy stock early this week because we are saving cash for a specific purpose at the moment, but otherwise we would have bought, as did many other people who watch the markets.

  40. Was 2020 vote a stolen election? Glenn Reynolds assures us YES in current post at INSTAPUNDIT.COM. Trump has indicated that proof was coming….

    Next, clicking through the X.com links there, we find Scott Rasmussen with a pull quote, followed by re-sharing a post by George Behizy.

    https://x.com/Rasmussen_Poll/status/1910073705516220847
    Rasmussen Reports

    @Rasmussen_Poll
    BOOM: “They used COVID to cheat. And we’re going to find out about this guy too. Because this guy’s a wise guy. He said we’ve proved that this is the most secure election in the history of our country. No, this was a disaster.”

    GEORGE:

    BREAKING: President Trump just signed an order revoking Chris Krebs’s security clearance and has directed the DOJ to investigate him for his role in the stolen 2020 election.

    Krebs was the former head of CISA, who worked with the FBI & Big Tech to censor the truth about the 2020 election. He said it was the most “secure election in American history.”

    “He said, This is the safest election we’ve ever had. And yet, every day you read in the papers about more and more fraud that’s discovered. He’s the fraud. He’s a disgrace. So we’ll find out whether or not it was a safe election. And if it wasn’t, he’s got a big price to pay.”

    THIS IS ABSOLUTELY MASSIVE!
    ——————————

    Read the comments to the bottom of George’s comment, and we find a quote posted by a commenter— supporting Molly Ball’s infamous Feb21 article confirming a stolen election — from the head of Dominion Voting machines asserting the same: that the fix is in, and Trump cannot be re-elected (my diction, not a quote)

    WOW!
    Thus, the Covid wuhan Lab Leak coverup was the tool for the obscuring the election steal?

Leave a Reply

Your email address will not be published. Required fields are marked *

HTML tags allowed in your comment: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>