your avin a laf m8.lol. 30p is a total wipe out,they didnt hit that in 2008 and that was when every bank imploded anyway,its a bit to early for predictions,lets leave it until the andrew marr show on sunday. nite
The banks wont collapse because the central banks wont allow it to. They will just print until they fix the problem and they can get away with it, because we're living in a deflationary world. To give you an example, sterling has dropped big time and normally they'd want to raise interest rates to compensate, but Carney is talking about easing and injecting even more capital into the system, because he knows he can. The reason they wont let the banking system collapse is because it would drag everything else down with it. A global banking collapse would be like cutting off the blood supply to the brain, they'll never let it happen.
Europe's banking sector is braced for chaos, with Italian giants desperate for a bailout and Germany’s biggest lender deemed a threat to the world economy.
In Italy, politicians begged the European Union for permission to bail out troubled lenders sitting on more than £300bn of bad loans. Meanwhile, Portugal – long feared to be a future flashpoint in the eurozone crisis – has been urged to double down on austerity measures in the uncertain times ahead.
its only a problem if nothing is done,but the ecb are buying up bonds atm,like bernanke did with mortgage backed securities about 7 years ago,so it's just a short term problem,if draghi get;s it right. the markets have brushed off the oil problems,now it's the banks again,in 3months time,it'll be something else.lol. nite.
It can go to 46p, makes no difference to me. 46p is highly unlikely though ,since it's been hitting a brick wall around 50p anyway. Even on Friday when volatility was through the roof it didn't break through 50p on the downside. I've got confidence in Lloyds banking model and wont let the market sway me with it's games,. The professionals placed their bets too early going into Brexit and then panicked, now they're trying to make up for their substantial losses last Friday.
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