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i will reply when you talk uninformed rubbish
Same old Singe! lol
fakey ...the debacle at 10 downing st ..has nothing to do with rising energy prices...and the rising cost of living...once again you spout nonsense with no proof...
I don't worry about things because the Bank of England know what they are doing,£450 billion of QE plus £500 billion of Tory fiscal deficit and the country is strong again,back to 2019 austerity output supposedly.
"But that’s not why we do QE. We do it to keep inflation low and stable and support the economy. "
https://www.bankofengland.co.uk/monetary-policy/quantitative-easing
I dont see a recession either...
I also see most shares (especially travel and bank) increasing massively over the coming months and years.
I work in construction and if there is anything I cannot see for love nor money, its a recession.
The industry is booming like I have never see before.
Taverham, bang on there. Growing population and turning some of the most fertile land in the world into woodland and marshes is barmy. When there is a severe food shortage/ rationing then perhaps the Greens and BBC will stop methane gas from cows etc nonsense. In fact I vote we flatten all BBC buildings, turn the land back to pasture land. That way it will be doing some good and be useful. GL.
Im happy to hold for the next couple of months to see where it goes... i have a feeling it will peak at around mid-late 60s in that time.
With inflation high interest rates it all favours Lloyds atleast in the short term. The few days of red mean nothing at this point, a lot of what i hold in my portfolio has been in the red last 1-2weeks anyway.
Most ratings are around the mid 60p so hopefully they are predicting right :)
We are getting a re run of the 70s when the oil price hike [now gas] caused double digit inflation , the banks put up interest rates and the economy skidded. Hopefully everything will be more muted this time around.
What really needs fixing is the mindset of our government and the media who believe we can prosper in a net zero environment - people will die of cold and hunger , starting next winter possibly. We need more UK oil and gas , and while I am at it food grown here. Turning good agricultural land into wild havens or flooding it for birds is ridiculous givenwe are bankrupt as a country. Bring back some politicians with some common sense please.
Dont do it, this bag of crap company is doomed.
Wall Street bankers enjoy a £104bn pay bonanza
Wall Street’s biggest banks hiked their pay by nearly 15 per cent last year as a frenzy of deal-making sparked a war for top financial talent.
JP Morgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup collectively doled out just over £104billion in pay and benefits in 2021 compared with the £91billion paid the year before.
JP Morgan was the biggest payer, shelling out £28.2billion, followed by Bank of America which paid out £26.5billion.
Citigroup paid £18.4billion in compensation, while Morgan Stanley doled out £18.1billion and Goldman Sachs £13billion.
https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-10424677/amp/Wall-Street-bankers-enjoy-104bn-pay-bonanza.html
Wasn’t this always on the cards. Fall out from “post” covid. I was surprised the world markets did not collapse during the peak time of covid.Now the Shi*te has hit the fan.
If this hits anywhere near 48-50p i will be putting all the money i have into this :D
How can you not when its clear this will hit atleast 62-64p comfortably by march imo :)
More gloom is descending as investors digest some major earnings disappointments, adding to concerns of an accelerating monetary tightening schedule
News headline
The rush hour resumes:
Commuters pack onto Tube trains at 7am as big banks and city firms reveal plans to get workers back to their desks,
holiday is over,
who knows. when do house prices correct? need crystal ball
Eightyeight88 yes i remember it very well mortgage rates at 12 % to 14% ,and we used to earn £100 a day,
grandchildren now earn £400 to £500 a day and mortgage rates at 2 to 3% ,i go back to work tomorrow if i can, lol
no way , didn't happened in pandemic i can not see it now,
psk i do feel for the younger generation ..i wonder how some of my grand children are going to get on the property ladder without help......but i know its not helpful but draconian tax policies direct and indirect have been going on for years...i agree though a mortgage rise when a lot of people have had the lowest rates in history is going to hit hard..
88 imagine just 3,4 or 5%
psk...in that debacle in the early 90's i think my mortgage rate shot up to 10% if i remember it rightly it may have been more....imagine that..
Definitely coming soon. Maybe back end of the year.
Few reason s why I don't think it will happen in the next 6 months.
Money/finance is still cheap and readily available. Once interest rates raise an governments stop printing then I believe this will all change then comes the recession.
But on the counter to that;
Backlog for compainies are higher then normal due to supply chain issues. Reducing this alone will help for the next few months.
Still pent up demand for services hanging over from covid and saving levels still high compared to before the pandemic.
Labour shortages mean those that have to work and want to work.
The only certainty is that those at the bottom end of earnings are going to struggle more due to inflation. And there will be a lot a lot of twists and turns before there is a recession. There will be a trigger - maybe corporate debt or a minor country defaulting creating ripples through the whole financial system.
Who knows just like I believe Lloyds will reach 75p in the next 2 years I also believe there will be a recession within the next 2 years. Hopefully Lloyds will get there first so I can sell and pay of the mortgage.
mortgage rates are a lot lower than when norman lamont came along in the early 90's ...during the exchange rate debacle...that was painful
Longtime how many people are on a tracker? I think you may be surprised when you actually look into it rather than assuming
psk i havent paid national insurance for a few years now .....i did however during my career pay up to 60p in the pound income tax...until nigel lawson came along and dropped it to 40p.....