The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Lloyds SP is only a quarter that of Barclays and has dropped by the same percentage today as Barclays.
New Fed chair announced in US today, way more dovish, so interest rate increase not so likely, Barclays hit hard as usual , the stock is the cheapest bank stock in the western world but still gets a big hit-got to be the most hated stock on the ftse!!
I do wish Bailey was not the head of the BOE .he did a crap job at the fca and will do a crap job at the bank. I predict interest rates will be at at least 8% within 15 months.
Think drop here
"unexplained phrases"
=========================================================
The mind boggles!! To me the geese are flying high over the caucasus'.
The FT
Jes Staley exchanged 1,200 emails with Epstein that included unexplained phrases
Https://www.ft.com/content/e25f32ec-6f1b-4a9a-b2cc-fed794bb6a20
jotom750.
Yes the Western countries are on a slide downwards each racing to the bottom.
I traveled to Singapore on a regular basis, prior to the covid, that is a fantastic city state, leaves every Western country I have been to well behind. All Europe has is its history, why we still have people driving trains and trams in Singapore its all auto mated clean, safe, efficient and NEW. They can do it be we can't the reason they put their selves first not second.
The investment banks like Barclays should make bagfuls of money with the M&A that have been taking place and the infrastructure projects as companies will want loans for carrying out the contracts that they will get. That’s one reason to buy infrastructure funds also infrastructure funds have inflation proof risk attached. Inflation goes up and then the tolls on roads etc goes up to compensate the inflation. Good time to invest in banks. :-)
Thanks Seaking for that clarification. It may seem a long way away, but in my view ripples from The States are felt here. Certainly there seems to be a parallel between Republican and Conservative agender. What they do today, we do tomorrow it seems.
Good luck to all.
No he’s positively wrong the welfare bill has just been delayed and will be over one trillion dollars.
They did want about 1.5 but prob won’t get it. The infrastructure money is for infrastructure. :-).
MV. You're possibly correct, though I don't think that we will ever completely agree! :) one may say that her people are a countries most valuable infrastructure.................. LOL!
In the end, China is going to rule all, as compared to the west they have a continuity of purpose. It's depressing I know, but I think true. Other countries fragment and have divisive elements, the states are in real turmoil, it's very counterproductive.
Jotom750/
The wealthy in the USA don't pay much tax and never have, never will , why even Musk is leaving for Texas for the lower tax regime.
The so called infrastructure bill only provides a small percentage for the roads and bridges etc, they have even put welfare payments, free universities places free meals etc etc into the so called infrastructure bill.
"it's total value is I think 1.8 Trillion Dollars."
Correction, 'only' 1.2 Trillion Dollars passed in the end.
MVarawa, forgive me as this is not really an American political message board, but as you and others have started this I don't feel it's out of place. Trump as you may or may not know, gave perpetual tax cuts to the rich that will amount to
2 Trillion Dollars over the first eight years but then continue (unless voted out) to run on forever. The tax cuts he gave to the working classes will dissolve in only another 3.5 years but are also of much lower value. The bill Biden just passed is I think largely used for infrastructure (roads bridges 5G etc) it's total value is I think 1.8 Trillion Dollars.
Bald-Eagle
He must be getting writers cramp by now and using a lot of ballpoint pens.
Bald-Eagle.
An infrastructure bill, which does not do much for the infrastructure what I have seen on American news it is more a welfare package which is very expensive.
Interesting you would say that. Is it the large number of jobs created in the last quarter that's a problem? Or is it the Covid death rate dropping so much? I suppose we can wait to see if he tries to overthrow the next government if he looses and then decide.
That gave me a chuckle! Baldy.
"I think Biden has enough on his plate back home"
==================================================
I reckon he could fit us in between naps!!
He has just got his infrastructure bill through.....but lost the governorship of Virginia. Win some, lose some.
Bald-Eagle
I think Biden has enough on his plate back home, he is turning the USA into a joke, he could actually make Boris look normal.
But BoE have a target of 2% inflation, if it is above that the Governor has to write a letter!!...I expect he has already printed off enough copies for next 2 years.
Government has large debt so they will want inflation as it’s the only way they can bring the debt down . The one thing this government must hate is having to use Keynesian economics .
"In short, cost-push inflation is driven by supply costs while demand-pull inflation is driven by consumer demand—while both lead to higher prices passed onto consumers." [https://www.investopedia.com/terms/c/costpushinflation.asp]
===============================================================
I don't really understand how cost-push inflation works in an economy. Costs increase for a company - wages and/or raw materials - but productivity remains the same, so management have to increase the cost of their product to maintain profits (simple enough!)....but consumer demand could (in theory) decrease for that product - either consumers stop buying the product, buy less or buy a cheaper alternative - so demand decreases. The company might see increased costs and falling demand for what they make....not good!!
Increased wages have to coincide with increased productivity....but there is one person in this country who doesn't seem to understand this small detail....unfortunately he is in charge.
Raw material (& fuel) cost inflation might be temporary (due to pamdemic)....wage inflation might become more deep seated because of Brexit & political ideology.
Have I misunderstood something?
PS I wasn't going to mention the B-word but it just popped up!!
Indications that UK government is preparing to withdraw from 'parts' of the NI Brexit deal....that could really spook the London stock exchange. Hard to see the EU reacting positively. Biden would also be annoyed.
"You need to tackle the causes of cost push inflation if you believe it’s not transitory."
=======================================
I didn't do economics at school...how does one tackle 'cost push' inflation?
I presume having a PM who is actively encouraging wage inflation to tackle staff shortages wouldn't be part of the solution?