Liz Truss and Donald Trump - what's the difference?

Confidence in the US economy is plummeting as investors dumped government debt amid growing concerns over the impact of Donald Trump's tariffs.

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Stock markets have been falling sharply over the past few days in reaction to Trump pressing ahead with tariffs.

However, the sale of bonds poses a major problem for the world's biggest economy.

The interest rate for US borrowing over 10 years has spiked sharply in the past couple of days up from 3.9%.

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Infinite Chaos said:

Seems that US Government Bonds are being dumped by the market - they are usually a safe place when there is governmental chaos but things are so bad that even US treasury bonds are seen as a pile of poop.

Trump tariffs spark US government debt sell-off

The cost of borrowing for the US government rose as confidence in the economy waned.

www.bbc.co.uk

So - the answer to the OP: the Conservatives were able to force Liz Truss's resignation within 49 days after she crashed the UK economy and forced the Bank of England to take action. She also managed to take 20% off most people's retirement funds that year.
Trump is busily crashing the world economy and we are all stuck with him for another 4 years. The Fed is likely to take action but who knows with this US Govt what that will do - and I feel sory for US investors who are due to retire in the Trump presidency.

There is no way the Republicans will turn on their President making disastrous decisions for their nation whereas Parliamentary democracies usually have a mechanism that works when the head of the Govt goes haywire.

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bongsaway said:

When trump's little bit of pain hits enough folks, they will turn on trump.

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Infinite Chaos said:

Seems that US Government Bonds are being dumped by the market - they are usually a safe place when there is governmental chaos but things are so bad that even US treasury bonds are seen as a pile of poop.

Trump tariffs spark US government debt sell-off

The cost of borrowing for the US government rose as confidence in the economy waned.

www.bbc.co.uk

So - the answer to the OP: the Conservatives were able to force Liz Truss's resignation within 49 days after she crashed the UK economy and forced the Bank of England to take action. She also managed to take 20% off most people's retirement funds that year.
Trump is busily crashing the world economy and we are all stuck with him for another 4 years. The Fed is likely to take action but who knows with this US Govt what that will do - and I feel sory for US investors who are due to retire in the Trump presidency.

There is no way the Republicans will turn on their President making disastrous decisions for their nation whereas Parliamentary democracies usually have a mechanism that works when the head of the Govt goes haywire.

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Airyaman said:

Liz Truss was not a cult leader.

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Infinite Chaos said:

If it didn't affect my eventual pension, I wouldn't be so bothered.

Someone said to me (in the real world) that these tariffs are supposed to raise enough cash for tax cuts for Trump's billionaire buddies but it seems nearly everyone is going to lose from his policies. I guess those with the skill and resources to short on the market are the ones who will walk away laughing.

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