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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.
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.
"Regardless, we shall all have to pay more for the goods we buy in future"
=
inflation
=
rise in interest rates
=
more profit for Lloyds
Same as every day, take what profit the market gives you !
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.
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.
Lloyds Banking was up 1.0% after Goldman Sachs raised the lender to Neutral from Sell.
Buy rating needed to push it further now
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
Baffled
"when have negative interest rates persisted before?"
But we are not in negative interest rates are we?
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.
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.
Careful now -
Gap on Lloy 44.0
Gap on Barc 170
Bubble
Am holding NTOG and VAL
4 o'clock club spoons my round , i love everyone today . ? Lloyds NWG lovely jubbly .
Brixton
Keep your head low when you have had a few jars in spoons LOL
Good Morning Brixton , Val looking good this morning , hovering over this sell button now as they are staring to retrace, will settle for 30%
Hardup
My girlfriend of 26 years now is my spoons chauffeur, the 2 6'3'' monkeys can have a free lift home today . Lol
That would be lush a lot of excited posters on the board would love for the dream to come true. Certainly preforming like a race horse this morning, must have been grazing on the grass in Hyde Park Lol GL
Dow will be up laters , so will Lloyds
Balls to research.
C'mon Mr Nunn - all we need is a little RNS
2021 AGM poll results, all resolutions passed
resolution 22.
Authority to purchase own ordinary shares
https://www.lloydsbankinggroup.com/assets/pdfs/investors/shareholder-information/shareholder-meetings/lbg-2021-agm-poll-results.pdf
A1
''Authority to purchase own ordinary shares''
Yes, reset to 7,088,402,568 shares.