Rose Procter

Rose - Lancashire Lass, mad mother, music lover and Rovers fan! Mathematician at heart.

[Rose Procter @Rose_Rover]

@TheSimonEvans great show tonight in Chorley. How you held it together at the end talking about your father I will never know. A fitting tribute to the man you clearly loved.

[Rose Procter @Rose_Rover]

@POferries Do you have a release date for tickets for October sailings for Hull to Rotterdam? Thank you.

[Rose Procter @Rose_Rover]

@slinkydoodle Great news xx

[Rose Procter @Rose_Rover]

@Everymancinema I renewed my membership yesterday but it won't let me book tickets for today. The website shows my free tickets but then has an error when I try to book and says try the app. The app doesn't give me the option to use my free tickets. Help!

[Rose Procter @Rose_Rover]

@themathsbazaar @Advanced_Maths I haven't had my email as yet either. I can't remember when it usually turns up though....

[Henry Winter @henrywinter]

“We cannot remain silent while the current ownership/administration puts their self-interest above and beyond a 150-year-old institution which is Blackburn Rovers Football Club.” #Rovers fans’ unified response following reports of their women’s team losing funding.

[Rose Procter @Rose_Rover]

@BerwickMaths I do too

[Rose Procter @Rose_Rover]

@YuMOVE I have emailed and hope you sort this quickly or I will be cancelling my order and going elsewhere.

[Rose Procter @Rose_Rover]

@YuMOVE Over a week since I place my order but it still isn't dispatched and no communication from you. You've taken my money so I expect to receive my order promptly! Maybe it is time to switch to a different supplier as this is rubbish service.

[Robert Peston @Peston]

We just learned that the world’s most powerful person, Donald Trump, has a boss: the bond market.

He may not have acknowledged this to himself, yet, but the global financial tumult he caused - and has temporarily eased - has locked him in a fiscal prison.

Because, as I have been saying for 24 hours, he came perilously close yesterday to having caused such an extreme fall in the price of US government debt that it would have become prohibitively expensive for his administration to fund a large deficit - more than 6% of GDP - and also to refinance the almost $8 trillion of government debt that matures in the coming year (almost a third of America’s sovereign debt).

The point is he is totally in hock to the good will of bonds investors.

And when he announced his reckless roster of massive tariffs eight days ago he alienated them, because they feared he would tank the economy such that tax revenues would plummet and the deficit would balloon.

So they sold US government bonds, Treasuries, and the yield on the bonds - the de facto interest rate - soared.

Which is why Trump blinked, and put on hold the more extreme tariffs, except for the 140% on China, for 90 days.

You might think the worst part of this is the uncertainty he has created for businesses and investors for the next 90 days. Since no one in their right minds would make a major US investment till the final tariff determinations are made.

But the cancerous uncertainty is not the worst of it.

The worst of it is he has shredded any respect that overseas governments and investors might have had for America’s economic and fiscal competence.

Shades - you might say - of how Truss and Kwarteng’s unwise unfunded tax cuts undermined the perceived fiscal competence of the UK.

But unlike Truss and Kwarteng, there is pretty much no mechanism for removing Trump.

All of which means that bond and stock markets will remain fragile and volatile - fearful that Trump will regain his mojo and engage in some other fiscal extravagance.

He has also handed a loaded gun to his perceived enemy, China, and his supposed ally Japan.

This matters in both cases, because he is engaged in the mother of all trade wars with China - and Japan wants a trade deal with him that would see it escape mega tariffs.

The loaded guns they have are their massive loans to the US government. Japan owns more than a trillion dollars of US Treasuries and China not much less.

If they were to sell those bonds, or even if they chose not to refinance maturing bonds, that could be a disaster for Trump. Because it could cause another potentially crippling spike in bond yields.

Here is the measure of Trump’s debacle.

He may well have trashed America’s single most important financial competitive advantage, namely that investors have traditionally bought the dollar and US Treasuries at a time of economic and political uncertainty.

No more - because he personally has become the world’s source of economic uncertainty snd anxiety.

So, as I say he, is now in a fiscal prison. And if bond investors, including Japan and China, see him imposing tariffs or cutting taxes in ways they don’t like, they learned yesterday they have the means and power to stop him.

[Rose Procter @Rose_Rover]

@YYYs Gutted that Manchester is all seated. We need a mosh pit!

[Rose Procter @Rose_Rover]

@bt_uk That takes yet more of my time. Everything was recorded in the last phone call so why can't it just be corrected?

[Rose Procter @Rose_Rover]

@bt_uk how difficult is it to get my bill correct? New contract agreed in November but never put through the system. A long conversation in December and was assured it was all sorted. February bill completely incorrect. I'm so frustrated and this is wasting my time.

[Rose Procter @Rose_Rover]

@DrFrostMaths you have removed the buttons where I can report issues with answers. My class did an online homework on binomial expansion with rational powers this week set using key skill 583b and several answers are incorrect which is very frustrating.

[Rose Procter @Rose_Rover]

@ManchesterGigss @theclauseuk Amazing this evening too

[Josh Ellis @jzellis]

😂😂😂😂😂

[Rose Procter @Rose_Rover]

@MathsNot @Miss_Mathsgeek I can never remember who else to go to but your name has stuck in my brain. If only there was an Emporium twitter account 😂

[Rose Procter @Rose_Rover]

@MathsNot There are 2 mistakes on the Word version of the AS pure paper for Jun24 on the emporium. The pdf is correct. On 6c the number in the bracket has 7 instead of 17. On 12a the show that is incorrect. It should be 200 not 2000.

[Rose Procter @Rose_Rover]

Unfortunately I only discovered after I set the questions as part of an exam but thought I should let you know so they can be corrected. Thanks 😊

[Rose Procter @Rose_Rover]

@FitbitSupport All sorted thank you

[Rose Procter @Rose_Rover]

@FitbitSupport neither myself nor my husband can synch this morning. I've logged off and now I can't log back in?