The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Bubble
Am holding NTOG and VAL
4 o'clock club spoons my round , i love everyone today . ? Lloyds NWG lovely jubbly .
British lenders increased their mortgage lending last month after the scaling back of a tax break for homebuyers at the end of June led to a rare net repayment by borrowers in July, Bank of England data showed on Wednesday.
Net mortgage lending increased by 5.293 billion pounds ($7.24 billion) in August while new mortgage approvals fell very slightly to 74,453
Careful now -
Gap on Lloy 44.0
Gap on Barc 170
Hardup, in real terms we are deeply negative and have been for years. The ECB and BoS were both issuing negative government bonds previously. There are even negative yielding corporate bonds out there. At one point the figure globally reached $17 Tr I believe, a data point quoted bt Max Keiser frequently. Have your forgotten the Taper Tantrum? This globally connected financial system is chess not snap.
Have to be brave or stupid to be short here when we're due a hike in interest rates, possible share buyback or special dividend news. Not to mention the fact Lloyds were 64p before the pandemic.
Baffled
"when have negative interest rates persisted before?"
But we are not in negative interest rates are we?
Over the last 12 months traders talk
25p will never be breached
30p will never be breached
35p is now topsy
40p that's your best your see here
45p that's your lot here....
Last few days its was 46p
You just cannot make this bull up
Next few months or so we see 65p
Keep it real , I say and follow the Bull not the Bear
Lloyd's Banking Group is still 40% below its pre-covid level
Wake up and smell the coffee I say
Be very careful with steroids
The ones you have received possibly by injection can have a serious effect on bone structure
First dose the results are amazing
The second dose no where near as good
Take care
On a Lloyds note 46p
How nice is that
Buy rating needed to push it further now
Lloyds Banking was up 1.0% after Goldman Sachs raised the lender to Neutral from Sell.
Much of this proves what I have said for many years:- The "just in time" fashion is just that, a fashion and a rather silly one too. I could never get said fashion's pundits to prove to me the huge advantages which said method was supposed to confer when I was in business; in fact my own approach which was to buy and hold commodities when prices were good often resulted in enhanced profit for our business.
G13B, yeah, MKS we're on a roll who'd have thought it, got a decent average as well 117p.
Hardup, your analysis assumes that interests are positively correlated with inflation. In 'normal times' I would agree but these are not normal times. When have negative interest rates persisted before? When was the last time Central Banks globally manipulated the borrowing data by effectively swallowing their own issuance? There is no alternative for governments but to let the economy run hot in order to inflate away the impact of over £2 TR acknowledged borrowing not to mention PFI, the Bank bailouts, unfunded obligations, defaulting student debt and divorce payments. The causal mechanism is more complex than the one you paint. If rates go up companies go bust, as indeed does every country in the G20.
Cheers TFE,
Yes I’m Luke a bad smell they can’t get rid of just yet….lol.
Still holding your MKS fella ? Pluto bound…..
It’s as if them crafty little blighters new what was coming. Hey (holding hands up as if I was being arrested) “Just saying” !!! ???
I am surprised this morning FTSE 100 and LLOY are not following USA, like i said before every dip gets bought, nice
Good stuff G13B, you're still with us, that's the main thing. Although the advice is, it's not going to get any better it's amazing how we adapt to situations.
You never know how things transpire, good luck for the future.
Same as every day, take what profit the market gives you !
Thanks LTI,
Covid has caused lung scarring (a form of fibrosis). I’m still able to play golf but some of the uphill holes leave me extremely breathless and it’s reached a plateau in terms of improvement. Yes, I was on a course of steroids called prednisolone for months earlier this year to suppress the inflammation. Hope all’s well with you.
eyes will be on the u.s. first i feel...would not be suprised to see them move 0.25% first.
"Regardless, we shall all have to pay more for the goods we buy in future"
=
inflation
=
rise in interest rates
=
more profit for Lloyds
The news feed is all negative at the moment. I can't conceive this being a blue day. Winter is coming literally and figuratively. We all knew there would be consequences to the enormous debt pile our over Lords have amassed and an end to subsidised inactivity, not to mention over complicated Just-in-Time supply chains circling the globe and stretched to their absolute limit. I am not even going to mention the B word. Perhaps this is the shock we need to rebuild our manufacturing sector. Regardless, we shall all have to pay more for the goods we buy in future. GLA.
DOW closed down -1.63%. Nikkei225 down -2.4%. Hang Seng currently up +0.33%. FTSE Futures currently flat. Toss a coin to see where SP opens today.
UK economy faces increasingly severe headwinds given the country is looking particularly prone a shortage of fuel on the garage forecourts and sharp rise in gas and fuel prices has led worries to stagflationary conditions
Really 50p by Friday, I think not