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Bank Of Ireland Share Chat (BKIR)



Share Price: 0.323Bid: 0.322Ask: 0.323Change: 0.003 (+0.94%)Riser - Bank Ireland
Spread: 0.001Spread as %: 0.31%Open: 0.32High: 0.323Low: 0.318Yesterday’s Close: 0.32


Share Discussion for Bank Ireland (BKIR)


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Hotdog1
Posts: 408
Off Topic
Opinion:No Opinion
Price:0.31
Investments
27 Sep '14
12 pints....that's a gallon and a half old bean! Either your telling porkies (not uncommon in financial circles) or we are in a world of pain come the .40c bash.
 
radar
Posts: 2,088
Off Topic
Opinion:No Opinion
Price:0.31
View Thread (2)
Investments
27 Sep '14
I just invested in about 12 pints of Guinness and drank every single one of them me self !
allmoyne
Posts: 353
Off Topic
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
27 Sep '14
That £100 you save on your mortgage ,in deflationary times, is growing the longer you leave it in your wallet because everything is getting cheaper as time goes on.So its worth holding onto even more(compounding problems)

John you prove my topsey turvey world correct in every point you made!...;)
allmoyne
Posts: 353
Off Topic
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
27 Sep '14
Last thing.

Banks with trillions stuck in savings accounts , is exactly what we need. Do you honestly believe your deposit is sitting in their safe????(hint=maybe they loan it out??)
allmoyne
Posts: 353
Off Topic
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
26 Sep '14
What low rates do.
1) stabilise unsustainable debt
2)allows people to become complacent about new taxes
3)Drives down all asset values so receivers take back everything.
4)new loans not freely available so general business gets no benefit only temporary relief on legacy debt.

Low rates are a necessary deliberate contraction ,not to cure, but to kill the dead wood.
It is a painful purge ,especially for the banks but short lived, and we are nearly done.
allmoyne
Posts: 353
Off Topic
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
26 Sep '14
Savers don't spend money, they invest it elsewhere.(so capitol leaves low rate economies)
Money in savings accounts is used by the bank to capitalize the nation.(so nations with higher rates have more floating capitol)

Savings don`t stifle economies ,they drive it.
Invest in anything, isn`t leaving it under the mattress, it lifts book value which allows more leverage to drive growth!
OUR SAVINGS is furthering growth.
Banks keeping rates low hoping consumers will lift our future is absolute rubbish,i am afraid.
Banks with capitol lift the economy by investing in industry.(hence rate hikes send money in to the system where low rates send it away)

I know its topsy turvey but believe me I am right, and true growth will only come with rate hikes or maybe even with the hint of it!
johnmcclean
Posts: 572
Observation
Opinion:No Opinion
Price:0.31
Reuters view
26 Sep '14
PARIS, Sept 26 (Reuters) - European stocks rose on Friday, shrugging off declines on Wall Street, with euro zone banks leading the gains on expectations they will be the big winners in the European Central Bank's drive to stave off deflation.Spain's Banco Santander rose 0.8 percent, Italy's Intesa SanPaolo gained 1.6 percent and BNP Paribas added 1 percent. The STOXX euro zone banking index gained 0.6 percent, the top sector across Europe.Investors increasingly expect euro zone banking stocks to rally in coming months as the ECB steps up efforts to support the region's economy. The central bank announced more stimulus measures earlier this month, including purchases of asset-backed debt, in addition cheap loans to banks announced earlier.Societe Generale equity analysts recommend buying European banks set to benefit from the ECB's latest measures. They also say the ECB's asset-quality review - whose results are due next month - should give banks more visibility."It's a theme that many clients want to play, but not necessarily directly with long positions on the cash market. There's been a big rise in the open interest in calls on banking stocks in the past few months," said Vincent Cassot, head of equity derivatives strategy at Societe Generale.
johnmcclean
Posts: 572
Observation
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
26 Sep '14
I think There's a flaw in you argument allmoyne. Money stuck in investments of any kind are of no use to a struggling economy. The likes of us with our cash stuck in bank shares or bonds or savings accounts will not further the growth of an economy one little bit. If investors had trillions stuck in European banks today we would be of less use to europe than one couple getting married and setting up home together.

That's why Europeans deposit rates are negative. They want people with money saved to say fcuk it we'll spend it. That's why they lower rates as well in a deflationary economy. That €100 you don't use to service your mortgage isn't worth saving so you spend it. Spending money generates economic activity. Saving doesn't.

So what happens to people with money that are determined to save and not spend. Your right, they chase yeild and take their money someplace else. To another country if deposit rates are better possibly. The currency devalues. ....ect ect you know the rest.
allmoyne
Posts: 353
Off Topic
Opinion:Strong Buy
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
26 Sep '14
There is a contradiction here.

rate cuts don't stop deflation it compounds/Rate rises don`t halt inflation it create it!!

I know that sounds nuts but when you study, rather than listen and figure this out it makes sense!

Investor run from low rates and so cash leaves/investors hunt inflation(capitol appreciation ) and rate rises(turning point) points the way!

Watch , or study the past and change your way of looking at this and you wont go wrong!
irish_bob
Posts: 380
Off Topic
Opinion:No Opinion
Price:0.31
View Thread (3)
RE: Interest rates & housing
26 Sep '14
how can noonan raise interest rates ?

do you mean draghi ?



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