Protect your capital. Going yo cash is no bad thing in fact is up on 2015/investments. The last thing anyone wants is a lock-in. There is already massive amounts of money on the side lines risk free waiting for another 2009/2010 moment. It will come. Your 180 degree thinking will serve you better imo, but you'll be scolded for it....but you got the balls.
Mr Greenspan the instigator of low rates. Excess liquidity in the system and diabolical bank lending standards. Today's low rates keeps the banks afloat, otherwise its curtains. The lending standards are in certain areas subprime again. Anyone with any sense csn see where this is heading, and one reason for the lack of interest in financials. And of course QE was never intended to stimulate the economy was it? thats the official line. The evil you describe is yet to come through increased debt and continued money printing....it will end badly....any eejit knows that. Watch Glencore & Deutsche bank - nuff said
The US is a real worry - no? This debt ceiling is like a massive boil which just got a whole lot bigger and when it bursts, God help all of us. Before that of course (2017 ish) wehave the US interest rates being hiked and that will send global markets into a tiz waz. It really is a race against time with us here in limey land and these damn banks. I need to achieve £1 to meet my aspirations but its looking increasingly likely that LLOY isn't going to make it in time.
Yes that was just a reference to a previous mobilisation of lloyds shareholders. The question was whether there was merit in taking it to the claims companies and using the civil courts trying to recover all fraudulent claims of PPI that have been made and trying to prevent similar in the future. Just a thought.
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