Royal Bank of Scotland Share Price (RBS)

Anything seems possible now that Central Bankers have destroyed their credibility instead of resetting the financial system (which they could of done in autumn 2008 but chose instead to cover up the previous excessive levels of financial fraud in the economic system as a whole by creating a Ponzi scheme fuelled by ultra low interest rates, currency depreciation, and direct interference in the running of private companies (such as when they told GM, Ford etc to produce cars/trucks with smaller engines contrary to what a large segment of their customers seemed to have wanted - large and powerful utility trucks to get on with the business of upgrading infrastructure in the USA).

Back in autumn 2008 who would have believed that QE1, QE2 and QE3 were going to come along?

Back in autumn 2008 who would have believed that global oil production would increase by 20% by 2018 (when everyone on the news/in the media at the time wanted governments to stop funding fossil fuels due to climate change)?

Back in autumn 2008 who would have believed that the transfer record in football would increase to over £240 million (the Neymar deal)?

Back in autumn 2008 who would have believed that UK interest rates would stay at 0.5% for the next eight years and would by late 2019 only be at 0.75% (instead of back to 2.75% for example which still seems quite a low figure)?

I'm at a loss to know what to think anymore. It just seems so bizarre these days that with the right people in a room an asset can be valued at £300 million, and change the people and suddenly the valuation becomes, "it's a toxic asset which isn't worth anything at all."

How can the financial system function when someone can buy a toxic asset for £1, change the people in the room, and suddenly it becomes worth £300 million and that's the price another company has to pay (and their shareholders will lose out next year when the asset is written down to zero and the share price adjusts downwards accordingly).

Told down pub that only fools would consider selling these shares, and on further consideration, think my financial advisor is right. Despite Jeremy, political uncertainty, low interest rates, low NIMs, cost of future conduct, government stake et al the sp has just smashed the 200 day moving average and is heading north !!! - no kidding. This is indeed as bullish as you can get. Next resistance levels 240 and 270. IMO this is time to buy ...

Furthermore, Nastywest is about to cream customers with reward accounts (like me) by withdrawing cashback on household bills - bar stewards.

onelong that sounds about right, expecting 260 by the time of full year results, and I'm serious. The election bounce might bring it about sooner. IMHO

i'm hoping to sell at 2000 a share in the future (Friday smiley face)

Why?