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Bailey has got everything else wrong so I predict he’ll get this wrong too and interest rates will start coming down sooner than expected.
Brix
''Buybacks work ! Ridiculous Repetitive Rubbish''
try to do a bit more thinking
Government going to boost ns&i apparently wonder what that means
Just waiting for the other half of the double act to appear. Guess who? HTE RSOTW SI TEY OT MOCE - HOIM - RDYO
... borrowing near record high for October.
The UK government borrowed £14.9bn in October, more than analysts expected and the second-highest figure for the month, according to official figures that confirm the continued pressure on public finances.
In the financial year to October, the deficit was £98.3bn, £21.9bn more than in the same seven-month period last year but less than forecast by the Office for Budget Responsibility in March
DYOR
The busy governor of the Bank of England Andrew Bailey is speaking again - this time to MPs on the Treasury committee.
He's come armed though with back up Sir Dave Ramsden, deputy governor for Markets and Banking, and two external members of the Monetary Policy Committee – Jonathan Haskel and Catherine Mann.
Bailey started by saying the fall in inflation was “obviously good news”, but news which was largely expected.
He thinks the Table Mountain analogy used by chief economist Huw Pill in August for interest rates is good because: "There is a case now, I personally think, for holding the rate where it is… for an extended period."
Bailey also highlighted two main upside risks to inflation .
First, that domestic inflation remains high, partly due to inefficiencies in the jobs market leading to higher wages.
Second, the risk that turmoil in the Middle East drives up the oil price. So far, that hasn’t happened, but it could happen “if there was a wider regional engagement”.
But, he thinks the UK is on target to come back to 2%.
I fear posting at 01:13 in the morning when i got £xx,xxx,xxx in the markets.
88.......CB's walking a tightrope with what they say......they need to say enough to keep a lid on the markets without sending fear into the markets.
Given this garbage nearly 4 years now to be over 10% down,all my other shares are recovering apart from the banks,will never buy them again
Gate.....Agree it shows that buybacks are working for big US Tech Companies evidenced by their SP growth. But, I think it also highlights that buybacks seem to have a benign effect on the SP growth of large companies such as UK Banks, Insurance companies etc who have a totally different business model to the big US Tech Companies. Which is evidenced by their SP growth in conjunction with buybacks compared to the big US Tech companies.
Buybacks work ! Ridiculous Repetitive Rubbish
Its a F ing useless donkey like all the UK banks
...central bankers are still determined to create caution/fear in the markets.....however although inflation is their no1 concern there is now a growing worry of stunting any growth.....cannot see anymore rate rises this year.....rates to stay around the current levels for longer than anticipated & "we won't hesitate to raise rates if necessary"..will possibly be the overall message ....imo
Agreed they do have different business models hardup. But buybacks work. That’s the point I am making.
Gate....."Good US companies that barely pay any dividend but use buybacks instead livestock."
The big US Tech companies that do big buybacks every year have a totally different business model to a UK High Street Bank. Comparing apples and potatoes.
Is Fing crazy 😁
Good US companies that barely pay any dividend but use buybacks instead livestock.
Well I wonder how much Michael Burry dropped on his bet that there would be a stock market crash ?
At worst there was the annual doldrum at the back end of the summer before the traditional run up to the new year.
The FTSE 100 is expected to open little changed despite a strong showing in the US on Monday which saw Microsoft and Nvidia hit new highs.
Spread betting companies are calling London’s lead index up by around 8 points
Yes cut the taxes the only ones that got cut are the allowances some frozen for yrs now the cap gain allowances disappearing, they are just con artists at there best legalized robbery, enjoy your day.
The FED will release the minutes of its November rate setting meeting today. Markets seem to be getting ahead of themselves again anticipating that there will be a sign in the minutes that there will be no further move on rates this year?
Rishi Sunak now saying they are in a position to be able to start cutting taxes.....one day before the budget! hmmmmmmmm! Cue incoming election bribes tomorrow!🤣 🤣
More money in the coffers - can go towards a £3 Billion 2024 share repurchase programme
GU
??
the new block listing are ordinary shares - your link shows all types of share capital with ordinaries on page 9