Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Exactly so a nation with a massive moat around us, we have a wonderful advantage.
Stop allowing immigrants in to dilute the wealth we have
Increasing population=demand
Supply is finite
Water, food, housing, health care, more or less everything, including money supply, unless countries print money.
Not just uk, but a worldwide problem.
Result = lower standards, but for possible 1% of population
Sharket that’s the price we have paid for a number of idiotic policies, not least net zero, ESG, “diversity” and all of the other “race to the bottom” strategies that stunt growth and increase dependence on subsidy for ever more non contributors in society
We are literally exporting our wealth and lifestyles by importing peasants and encouraging scroungers and the self-entitled culture at Eve try opportunity
It is all too easy for anyone these days to claim they are disadvantaged, disabled, entitled to benefits, demand they’re our first for a job and all other manner of atrocious traits so long as they aren’t white, male and straight
We are being displaced
yet the fifth biggest economy clearly showing that manufacturing is a drag on our gdp otherwise we’d be fifth or better.
inflation is controlled by managing expansion of money supply. you’ve just agreed with me that interest rates won’t work!!
increasing vat would curb discretionary expensing which is mainly done by “the rich”. think about it for a moment, the essentials are zero rated so wouldn’t affect lower incomes who surely only buy what they need and not sky tv, ***s, booze and tanning salon sessions
MarketMare,
So what are you saying?
Bet you feel better that’s off the chest lol
Atb
Sorry addicknt I am right on all three points.
He is the most unintelligent poster on here.
He is now talking about manufacturing.
In 2018 we were the 9th biggest manufacturer in the world.
In 2021 we became the 8th biggest.
In my third point.
Normally increasing any taxes is not a good thing for industrial output.
But as money supply is increasing amongst the richest in society and decreasing amongst the poorest 75%.
It makes no sense to control inflation by interest rates.
You only do this where you have a balanced economy.
This country is going to the dogs. Nothing works anymore. Our water companies are pumping sewage into our rivers and streams. Our prisons are almost completely full, with around 650 places left nationwide, and 65,000 cases waiting to go to the massively backlogged crown court. Our rail travel is ridiculously expensive, often quite crap, and encourages people to drive cars. We have totally failed to properly integrate the absurd numbers of people arriving here, who all want to live in our cities and all need housing, schooling and healthcare. The healthcare system is on its knees, constantly. NHS dentists are rarer than hen's teeth. House prices are still a joke for first time buyers. Politicians are totally clueless to solving any of these issues.
We’ve never been so dependent on a service society that manufactures so little and exports so little. We’ve never until recent decades made the housing sector itself such a large part of our GDP.
Now consider minimum wages, land costs and raw material prices. There is only so cheaply you can make a house and those can’t be bought without newer style 5/6/7x gearing which demand lower interest rates to be viable.
Low rates may have been uncommon in the past but they will be very common moving forwards (look at Japan) unless of course we have a “great reset”
The richest (which most diniwits define as anyone on 50k or more) are already taxed at historically high levels. The only way to lower taxes is to slash spending.
That starts with ending the net zero failed experiment, slashing waste like diversity officers and other pen pushers and coming down hard on welfare. And of course preventing immigration that we don’t need
Q, I think we may have now got your point about '84's intelligence and repetition doesn't add to the argument.
Your second point is broadly correct, your third is not.
Again Slug you show yourself to be the most unintelligent poster on here.
Throughout history, low interest rates have been an anomaly.
While we don't raise taxes for the richest in society, then interest rates will remain high.
Interest rates will return to near zero. There is no other way to fix the mess they’ve caused with mass defaults and homelessness
Japan style lost decades await
Highflyigman that wasn't my point.
I referred to the masses that have debt.
Many over extended there mortgages to 5 or 6 times thinking interest rates would remain low.
This will cause a mortgage crunch.
I attach no blame, people will do anything to own their own house.
Sometimes I digress about general sentiment and macro picture, to highlight how much the current SOLG share price, like many other juniors and exploration companies, is depressed for reasons outside of the specific SOLG circumstances.
You can listen to Michael Oliver's analysis on this as well, but to give you an idea of how much sentiment and other externalities like the gold price can influence the price of this share, and others for that matter, let's try and price it.
Let's first take the gold price and the GDXJ price. At times of bullish sentiment (for gold) the ratio between the two reaches 0.035, while at times of bearish sentiment it can reach down to 0.014. The historic average is 0.023. We are currently at 0.0174.
Now if gold was to reach say 2550 (Mr Oliver docet, not me!) and the ratio reached 0.03, not even the maximum, it would imply a 120.4% surge in GDXJ. SOLG is correlated with that even if it does not produce yet. On that basis SOLG should reprice to 19.99p, that is with nothing new happening in the company, just because the sentiment changes, gold goes up, equity investors reallocate into mining from other asset classes and since it's a small asset class the inflow has a material multiplying effect.
Make of that what you want, I am not trying to open up a debate, but I thought I would share some positive thoughts on the back of the Michael Oliver interview that Eish kindly shared with us.
Some of you may already know this, but the USA value their gold holdings at a value of $42.22 per troy ounce, which is obviously well below market value. One speculation from various parties is that the USA are getting ready for a plan-B scenario where the dollar loses the de facto world reserve currency status, the dollar is replaced by SDRs and at that point the gold holdings are revalued, killing the value of the dollar and the federal debt.
If we consider that dollar domination is already waning and all big economies are accumulating gold, it is possible that eventually we will transition to a new monetary world order supported by gold.
It's not a conspiracy, these topics are debated by central bankers worldwide and there are studies about the mechanics of it. But obviously if it ever happens, it will happen by international agreement, not because there is some crazy event, and under the right circumstances the USA can support it as it would in fact resolve their public debt problem.
I need MF, that snake head of the EU was smirking the other day as she announced their new digital currency with the soothing assurance but you’ll still have cash (yeah ok!)
I cancelled by ISA with Halifax when they told me I must refer to their staff by their chosen pronouns, but this kind of rubbish is becoming ever more widespread. A bank should be a bank, it’s ethics are nothing to do with ours and our investment choices are nothing to do with them
Passing powers to the WHO such as mandating injections and lockdowns for all member nations should be alarming for everybody, but I think people are either asleep or too weary to stand against the tyranny heading our way
The last time they used raising rates to curb inflation was the early 1990s when nearly everybody’s mortgage was tied to bank base rate
Fast forward 30 years and some are on 10y, 5y fixes with plenty to run so they aren’t at all affected by the rate rises that are crushing others
This is caused by expanding the money supply foolishly during lockdown. The quickest way to mop up that money would have been to make suffering more equal and increase VAT but rather than recycle the excess in hare brained woke schemes, pay it off the national debt.
Quady... 'interest rates hurt everyone'?? Not true I'm afraid as it hurts disproportionately those with mortgages and businesses that need credit to cover interim costs or expansion. I'm guessing not too many of you have a young family like myself and a good chunk of my piers. Young families where both parents run fill tilt Monday to Friday to better themselves and its us who have mortgages as we need larger dwellings ideally near good schools to provide the best for our kids, like lm sure many of you guys did for yours. If you want to tackle inflation fairly, do it through VAT or taxation which is more wide-reaching in it's blast zone and therefore less targeted on those who are at a time in life where ideally they need more disposal income, like when their kids are young where they might be able to make life long memories with their families.
I've been lucky and although I've seen our family mortgage rise significantly its had limited impact, but I don't lose sight of how lucky l am and acknowledged the impact I've seen it have on others.
Short election cycles mean no politician is going to wack up vat or tax to tackle inflation and its better to let monetary policy do the heavy lifting and rise interest rates, where in reality a hybrid monetary and fiscal policy is what's needed, but that ain't going to happen.
So for me Q, I poliitly beg to differ.
Anyway, let's hope for a better week in SOLG next week as this SP is pi55 tak3 and one which the management need to start addressing or they're in for a tough time in December. C
Slug your understanding of money supply is childish.
You really haven't got a clue.
The way you tackle inflation is to restrict money supply where it needs restraint.
Interest rates hurt everyone and modern western capitalist countries no longer take an overarching view.
1984,
With regards to CDBC, they are trying their hardest to get this through, hopefully they fail.
It goes so much further than transactions, they are doing it so you cannot invest or pay monies into accounts which “they” do not want you to associate with, where’s the democracy there.
Only the other day, Halifax sent me a email advising me some of my shares may need to be sold, as its not too their liking basically, hope others got this email to verify what I’m saying.
Big changes happening behind our backs, all so you have less power over your own rights, here’s a link with regards to Covid, how the WHO wants to take control of your rights to vaccinations, how and when, lock downs etc, you couldn’t make it up
https://www.youtube.com/watch?v=kCoFLhDKlA4&t=99s
Wonder who is behind this, big pharma, US, are back handlers flying around?
Dr John Campbell on has been talking to other countries about these injections, these are causing great harm to people, yet it’s being played down, who’s going to benefit by doing this?
Not a nice time in the world in many ways, sickening
Atb
Quady, your lack of understanding is frankly staggering. Inflation wasn’t “baked in” it was directly caused by money printing, ie furlough. Inflation is zero when the following holds
MV=PT
M is money supply, V is velocity of money, P is prices and T is number of transactions. Most economists agree that V and T cancel so you’re left with the very simple equation that if you increase money supply rapidly, prices will follow
Parachuting 30 grand directly into the bank accounts of people who had little to spend it on was a ludicrous and damaging policy
Excessive expansion of money supply always ends in the kind of inflation we are suffering now. Historically rate rises would soften demand for new money supply as well as tightening what people had to spend but with long tied in rates and the sheer amount they printed, it’s not yet had an effect
But it will, and it will be horrible
CDBC next Tesla, which brings total control of all your money and how you will be allowed to spend it to the big commy state the likes of Quady w.ank about.
Once they get that it, it’s game over. And I don’t see what stops them, covid and climate were a walk in the park. The real Trojan horse for totalitarian control is next up
Morning Tesla. Trust me he knows nothing.
He gives the impression of being knowledgeable because he understands how sets works.
I was a part qualified actuary for part of my life
Historically interest rates are still low at the moment.
It's just they were ridiculously low, so inflation was baked in. But didn't happen for years.
By the way, raising interest rates to control inflation is a blunt instrument.
As inflation has a direct link with money supply.
The reason inflation happens is when people have more money, they spend more and prices rise
In the past rising interest rates means people with debt don't have so much money and so price's cannot rise.
So when base rates were a quarter of one percent, inflation should have been running away but it wasn't because money supply was constrained by individual debt.
So raising interest rates at the moment has had little effect, as the problem is that certain sections of society have money but the masses don't.
The answer this time to control inflation is to tax the section of society that has the spending power to constrain their spending and give a tax cut to those that are struggling, hence rebalancing an out of balance economy.
Of course if this kick starts the economy and we are able to reduce the deficit then that's even better, but that's another story.
Because we need to reduce the deficit in order for debt to fall as a ratio to GDP which is where I started.
Please don't be taken in by Slug.
He understands very little and is here to spread hatred.
Morning Quady
I think that is one topic 1984 knows lots about having read a lot of his posts 😁
Whether he is right or wrong is another matter 😁
Rates were too low, now they are too high. Something has to give.
The world is the craziest I have ever seen, and I am not sure where it is heading……..
Good grief Slug not only do you remain the most unintelligent poster on here, you don't even know the difference between socialism and capitalism.
What I have described about debt meeting GDP ratio's is capitalism pure and simple.
I have mentioned nothing about social capital which is the opposite.
You really have no idea about anything do you.
It’s dire “fiscal rule” for anyone who has assets or cash, it’s effectively another socialist stealth tax that ruins the value of the things you worked hard for to shift it to the state to waste on c.rap like lockdowns, net misery, immigrants and diversity officers