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Traveller.....1K profit is better than a 1K loss... World Uncertainty is dangerous for your wealth World Uncertainty out of control and panic can be double dangerous.. Just so many NEGATIVES at the moment.... a worrying sign...could be a lot worse in 6 months time... Question is this all controlled or is it out of control... where is the feel good factor around the world
Also making me think might be time to get out? I was up 25k, months ago when it hit 4 pounds, now sitting on only 1k profit. Still profit though.
Another nasty drop, starting to look like self fulfilling prophesy . Articles like the RBS one certainly didn't help , have to admit ,given the source , that one shook me up a bit .
Doesn't inspire.. maybe an understatement.. So many woefully worry comments from many different quarters.. Immigration, Oil, China, Euro Exit.. issues that were not a problem 10 years ago Hope we have more luck with the tide turning ...than King Canute did... Trouble is how many months or years to wait... I think the problems may prove more costly than many imagine.. So much has changed the past 15 years UK and Global.... a whole new ball game maybe starting to be played ...with different rules... Lack of confidence could well be another issue .........hard to see the light at the end of the unknown length of the tunnel in the current climate.... Have Hope .. Have Faith.... and logically think to yourself where things are heading.... and with many different opinions it just confuses things even more....depending on your status and wealth... Meanwhile we just wait....as time changes everything...
Have you read the RBS recommendation to "Sell everything"? Doesn't inspire.
The better times of say 15 years ago have not been equalled currently to most of us..... and the future does not appear to be improving with retail and house buying, ... and debt is reported to be at high levels again along with loans and bank overdrafts....... As I have said before that Great Yarmouth has over 20 empty shops and now a report saying that seaside resorts and GY have a higher than average Divorce rate.... maybe the stress of a lower standard of living in these areas and seasonal part time work probably doesn`t help... As posted before long termers waiting for that £5 or £6 SP Price, while financially things appear to be under more pressure as poundland and other similar cheaper shops and stores are increasing. This appears to reflect the mood of the UK with less spendable income than 15 years ago... and the strive to cut out goings.. £5 or £6 seems further away than ever........so a near 80% upturn is needed to get to £5 .. and 40% to get to £4.. With Oil prices as low as they are and retail sales reducing and more job losses being announced and exports less. It seems a mixed cocktail of events that do not really express much confidence for 2016. With house prices and Rents still increasing it does not help a lot of the population.. Rent arrears and evictions are at high levels if the TV Prog... Can`t pay , Won`t pay stats are true.... Without an improved economy for the average worker, this may well create the weaker link in the chain... of any substantial UK growth..... There have been a few pundits mention another recession could on the way.... If so that will be extremely problematic to say the least.. As usual this is all purely my own opinion.... with so much going on . With an.in or out vote this year in Europe another issue we may have to cope with....and now smart phone stress is reported ... how did we end up with all these issues..... not a factor 30 years ago ATB
Fundamentals count for nought at the moment .All about fear and uncertainly .Are we at the bottom of the downtrend ? Most probably not. .....When will it recover ???? Globally , at the moment , things seem to be at a tipping point . Not as bad as some in the media are speculating but could get that way if the " bad press " continues . The gloom and doom boys are having a field day. .......300p by the results ???? Never say never ....but .
I seem to remember SH making huge provisions against various failings that had been admitted. These allowed tax advantages at a time when the Bank was under severe stress. As time goes on these matters will be resolved, I think at much lower costs than the 'provisions', and the balance sheet will swing into a very positive shape. Whether this year, or next, or even the one after, I believe there is a good time coming. But then, I have believed this for quite a long time and mailman's 'uncertainty' always has a ring about it. Ah, well.
Has the SP price bottomed at around 280p ... So little progress in the price in the last 3 years considering the reported improvement in the banks debt iissue ... This said Barclays, Lloyds and RBS have not been an inspiration considering one would think working with money supply would produce more profits that those having to sell a range of products .. Money goes to money as they say... Obviously this is not the case regarding the SP prices of the banking sector in recent years ... Question is will next months annual report season generate any improvement ... Will 300p be achievable by then... Seems strange that after 4 years of alleged improvement involving Billions the RBS SP has hardly moved to reflect the improvement reported ... Meanehile uncertainty as always dominates ...
And multiple other persona.... Just been reading his Wiki page , certainly lived life to the full and was a major influence .He'll be missed .
Yes ... Another hit by the big C .. It is still a high loss of life by this ...
Very sad.
Interesting post , ....you make some good points . Haven't had an accounts balance since the 1990s . Deficit at the moment is bad and predicted to get worse , so much for rebalancing the economy .
I would say decades of reduced UK productivity and reducing exports that have followed .. While growing imports and more dependence on other countries for our needs is now embedded in our culture .. Reversing this long trend would be big ask.. Even more so with foreign companies and money buying up or into more of UK businesses and services .. Our reliance of allowing so many foreigners to run and build so much of UK infrustructure ... Makes one think is the UK incapable of determining our own destiny and being more self sufficient in coming years.. The countless reports of we need foreign money and foreign workers to run and be an asset to the UK .. Is indecating that we do not have the money, or ability or the logic to be able to cope with our needs required on our own.. I wonder what the next 25 years will impact on the UK if this increasing reliance of others trend continues.. Food for thought ... Will UK exports ever beat UK imports ever again.... ATB..
Decades not deades
Would be great if that could happen . British industry's been decimated over the last deades for many reasons , not just because of you know who , certainly help to rebalance the economy.
Thanks for the info... Let's hope things turnaround soon..
One down , one to go .......doubt it will be today !!!!!
Yes, I would guess it was early/mid 1980s. I absolutely agree on the quality issue. My golfing buddy is still in the UK textile industry and tells of M&S closing contracts with big local midlands manufacturers for as little as 50p a garment. They got what they deserved. Interestingly, an independent in Derbyshire has managed to keep going all through those years and is still to the fore, though with some problems - sourcing yarns, finding staff, housing for staff, etc.. There are big moves going on towards bringing the industry back to the UK, it will be interesting to see how that works.
I will await stemmy's posting.. Meanwhile USA another big drop... Not looking good for UK opening on... FRIDAY
Won't hold my breath , lol.
Careful fellas. Stemmy's going to be all over this.
Not sure which buyer your meaning . There was one who left to go to Australia a few years ago but to be fair sales had been dropping off for a while before that . Maybe your going further back . Been a few years since Maggie was buying her knickers at M&S and clothing sales were at a peak. Not sure clothing ever recovered from the cancellation of contracts with British manufacturers . I can remember at the time their was a perception that the clothes coming from abroad were of inferior quality , hard to tell if that if that perception still lingers.
It is some years since M&S parted with their clothing buyer. She had been the basis of the many years of great success, she had the eye for what UK women wanted. People had become accustomed to the confidence of finding clothes they liked. Since she left the whole range has missed the mark, they simply haven't had a buyer with the taste and style to hold the customer interest. No doubt succeeding buyers sought to make changes but a company the size of M&S needs to maintain its standards and that has not happened with clothing.
Jings lets hope so... But for today DOW futures at 2.30pm our time are down near 400 points , could be a bumpy afternoon for the UK