Actually, to be specific, the graph doesn't show the growth rates of the developed world, but Europe. What I meant to highlight from the article was this…
"...UK GDP growth has been solid this year. The economy showed quarter-over-quarter growth of 0.8% in the third quarter, following 0.7% growth in the previous quarter. In fact, the OECD announced this week that based on that quarterly growth rate, the UK is the fastest growing country in the developed world."
Apologies. I was doing 3 things at once and didn't read through what I had typed before clicking post.
I know it’s frustrating to have been bumping along at this level since the beginning of August, but in the long run it could/should be seen as a good thing. The sp has come a long way over the past couple of years and it will continue to rise, but there can only be so much buying before things need to take a breather.
I heard someone say the other day how they considered the past 10 years to be Germany’s decade, but the next 10 years will belong to UK.
Then, when you come across things like this (second graph down) which shows how the UK is now the fastest growing economy in the developed world, I'd say Lloyds is perfectly positioned to reap some almighty profits over the coming years.
I think we all are looking for some hope of moving forward as it's so frustrating to see the price linger even when a shoot of good news appears or the Ftse is moving forward and we stagnate.I air on the side of caution or try to and hope the news of dividends is not a white wash as i see this share plummeting overnight.There's a lot of upside to this share and the future looks good however i feel there's many hurdles in the wider economy to overcome and it's never good having the Government with a finger in the pie as they don't always do whats in the best interest for share holders.I hope your right with your Dec prediction but if not maybe it may gather steam at the beginning of next year leading up the the results with the expected dividend.Sorry for a bit of a negative post but i'm sure if there's no unexpected bad news such as the US or more mis selling or the Libor and the rates swap scandals this share should do well but you have to see there's a lot out there to worry about.
Thanks read it, not fully convinced who is right and what to believe.I thought that the first week of Dec might bring some green shoots of an early New year rally.I am hoping for the best like many here Rgds
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