Wids: Agree , some commentators (on IG.COM refer to Western markets as 'mature' markets as opposed to the Chinese being not so mature hence their difficulties.I agree , what is happening in China is scary. UK investors do not appear to have significant to Chinese markets. IMHO that is quite a different world altogether.I have no exposure to Greece either not even thinking of a holiday there for the next 12/12. My concern is mainly for the stock market. They are a small nation.However the toxicity from their problem can be global. The current Greek leadership is a worry for the lenders.Hoping for a happy ending. I deal in indices, of the late DAX would like to see a jump soon.
Re: Invest4life,.Hello sir do you mean HMG? as far as I know HMRC stands for the TAX man.Your calculations appear quite optimistic ,hope you are right GL
Currently HMRC is selling at least 1% of it's stake in Lloyds every 3 weeks. that means at the current rate we will be fully privatised by end of May next year. However if Lloyds were to start a share buy back programme before the tell Sid campaign, and with HMRC still selling 1% each 3 week period. We could and should be fully privatised before Christmas.
Pakka: to understand how bad it's become look at the Chinese market. The second biggest in the world where selling is banned, jail is a real threat and you invest at the point of a gun. FEAR rules out there for a number of reasons. So why buy if you can't sell? Asset prices must at all costs be kept elevated to service borrowings leveraged or not. Completely FU world.
Wids: you are dead right. Whether it is Greece or Europe or any country, lot depends on the leadership. Greece needs Alexander the Great Mark 2. The point is they do not need to be a basket case, if only they focus on opportunities in front rather than looking backwards and basking in the past glory. One example ,Greece has some 2000 islands I believe only about 200 are inhabited. Sure there might be much untapped resources , .There might be opportunity to lease a few islands for cash??? .The current team in the Government seems to lack what it takes to turn around the company's fortune , or I might be wrong, hope I am.
Greece is and will remain a basket case. The rest of Europe is a close second. Time will reveal the debt and decay within the zone area. The man who heads the ECB is the same geezer who helped and assisted Greece into it's present situation (go figure). The world is raked with unpayable debt, full of bubbles, too much capacity and stuff no one wants. Investing environment it is not. The big boys have discretely left the scene leaving the inevitable sheeple crush and lock-in to start the cycle again.
Asperger1: True , the deal now being put forward is no better ,in fact seems worse.However that is not the end of the story.The Greek crisis and the plight of ordinary Greeks has become a global talking point opening up potential new opportunities. It looks like Obama might be willing to extend a helping hand to the Greek Government. Past is past, the Greeks need to look to the future. They need to stop upsetting their partners in Europe and get stuck into putting their own house in order.Shouting at the Bank manager will not make it easier to get a mortgage , will it ? The deal will now make it possible for the Greek banks and cash machines to be filled with more Euros from ECB.Will be nice to see smile on Greek faces in the Qs at the cash machines. This is good for the stock market and of course for all Banks including LLOY GLA
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