RE: i wish BoE get on with it.5 Jun 2018 16:23
Firstly, I have mentioned many times if you want to hold
a UK domestic bank, LLOY is imv the better longer term bet.
However, I am growing more cautious on the UK economy over
the medium term, hopefully this caution is unwarranted.
Advance forecasts rarely anticipate recession, until it's here.
I've looked at the forecasts and they are strong, however
a degree of market participants are
questioning if they will be met, based on the SP.
Besides Brexit, we look late in the current cycle,
unless recessions have now been abolished.
So the question I would ask is.. how will Lloyds trade through
the next recession?. Lloyds TSB( from memory) increased dividends
through 2000/3. We experienced something entirely different during the
last financial crisis. I have no better idea than you, what the next downturn will bring.