Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Livestock
I'm not sure what need are you referring to in my posts as it doesn't apply much to anything I said? I was talking about interest rates and growth, till the subject got changed a bit. The silk road looks a good idea for trade to me, but it still doesn't make bad decisions on tariffs and trade wars a good thing.
Maybe your post referred more to boomerbower's cycle wheel import supply chain?
So no idea on interest rates and growth. So let's consider the new topic of the rationale for Brexit instead.
It seems to go.... The world's markets are very competitive so we should increase the cost of 65% to 70% of our exports so we are then free to lower the living standards and safeguards for ordinary people in our own country while corporations and the rich enjoy increased profits and tax havens not tolerated elsewhere in Europe. Little wonder we have a fool waving a kipper and telling lies about EU regulations is set to be our future PM.
Boomerbower - it seems you can't help yourself. Abuse, and waffling irrelevant smoke screens on this subject from you. Hardly a surprise.
We are talking about interest rates and growth. The predominant chain of cause and effect at the moment is - 1. Threats to trade influence 2. Influence growth so 3. central banks reduce rates. The UK was set to increase rates before the Brexit vote, Trump wants the Fed to lower rates to offset the damage his trade wars are doing.
Asia ?
Singapore (one of your regulation heros) exports have crashed this year, a fall of 17.3% recently and its July growth rate was -3.4%, 0.1% year on year. Hong Kong (another regulation hero of yours currently in revolution mode against oppressive laws) has had its expected growth cut from 2.2% to 1.4%.
Trade wars and foolishly increasing tariffs and non tariff barriers damage growth. You don't seem to understand any of these things as they apply in the real world.
Regarding New Zealand. When we went into the EEC the UK only did so on the basis NZ was given very favourable tariff quotas in the EU, to reduce the impact. They still went into recession and suffered economic turmoil for eleven or more years. So given whst no deal implies OBR might have a point on no deal. Anyway, I will look in later and read your rationales on these things. If the topics still here. Have a good day meanwhile.
Apologied for typos.. pretty obvious really .. good * developed * interest etc... think etc. Anyway over to you. Boomerbower and lti can give their views too by all means of course but as a clue, abuse, my politics, me or other irrelevant points will not help your cases.
TFE
Couple of questions.
No developed western country has high interest rates just now. Denmark, Sweden, Belgium and Japan I think have negative rates. The Fed expects to cut its rates, the UK will likely do if there's a no deal. The ECB has a negative rate on its overrnight deposit facility but not on retail rates. Based on your extensive experience of international economics what rates would you suggest the develppef world adopts.
The OBR has modelled additional.lending needed of 30 billion a year in the event of a no deal. Its a model rather than a forecast. This being based no doubt on 65% or more of our exports suddenly becoming more expensive to 70 to 80 countries.. That is each year from 2020. The reduction in money paid to the thd EU will be around 8.5 to 10 billion. A goid deal of that will go to replacing agencies and extra resources and staff we need. The civil service is growing in a way that would gave shocked any Tory in the past. The OBR do also suggest lowering interest rates and other steps could mitigate some damage to growth.
Taking your simplistic suggestion of comparing those costs with reduced outgoings, what is 30 billion -10 billion a year ?
Finally most people responsible and working in relevant areas across the globe think increasing tariffs and non tariff barriers increases such as those caused by Trump and threatened by the UK, the world's largest and fifth largest economies are far more likely to damage growth than low intetest rates. What makes you thonk the opposite?
https://www.ii.co.uk/analysis-commentary/these-four-us-lenders-set-tone-lloyds-bank-results-ii508699
These four US lenders set tone for Lloyds Bank results.
Perhaps.
Your rambling about cap has no bearing on the point we were talking about either... the question of farm subsidies is a completely separate point as I explained before. That applies as a question with any brexit. The UK government promises to match those subsidies for seven years come what may. And yes the biggest landowners get paid the biggest subsidy as they always will. Guess why.
The issue in this case though is NOT subsidies. It is farmers and fishermen facing difficulties in exporting their goods, and in importing goods for reprocessing in a NO DEAL situation. Tariffs and non tariff barriers.
farend
I explained this.. I filter some the minute they start posting nothing by way of valid arguments nothing sensible just insults. It happens too often here. I take that after they have calmed down others are filtered full time.
LTI farmers and fishermen can point to the explicit reasons no deal would be a problem. It is axiomatic - self evident - without the possibility of controversion. How many times have you heard someone offering a £6 billion cushion to people who had no case. I hope that is a biodegradable straw you are clutching at.
LTI
"Hunt is in no position to promise anything and he knows it". Indeed not but that is not the point - the point is he said it because of the alarm being raised by farmers and fisheries.
You are right about the share price rising again. As I said it was largely a blip - a reaction to the fall of the pound.
LTI different things.
That article is talking about replacing EU based subsidies with UK based subsidies and a transition to focus on environmental good (in theory). That will be necessary whether there is a no deal or not. Hunt is talking about a "boost" for a no deal for farmers and fishermen to get over the problems of a no deal. Farmers are not known for being so easily tricked. That said these figures often get mashed up and changed once the promise has had an effect. What is clear is Hunt has responded to the alarm farmers have raised over no deal.
What is extraordinary that these wages figures have not boosted the pound - the reason ids very obvious and widely agreed,
boomerbower you are talking nonsense based on delusions. I shouldn't have to point out I said no such things about currency rates, and I have not insulted anyone, not even you, even though you roundly deserve it. I filter you when your posts degenerate into the worst of your nonsense and insults as they always do, simply so I don't have to waste time reading it and it discourages you from trolling the board. Here you go - by by.
You never seem to keep up boomerbower. The subject was what affected the Lloyds share price- however little that was- and then what affected the pound. You chose to enter a hapless ramble on other things.
Since you have done this , wages are not up because of Brexit plans boosting the economy if that is what you think. Wage increases are not being caused by our economy suddenly becoming stronger. Our growth and jobs creation are teetering around 0, with negative PMI figures due to low investment due in turn to Brexit uncertainty.
The ONS who produce the figures said wages were boosted by "pay increases for some NHS staff and the introduction of the new National Living Wage rate, which is now 4.9% higher than the 2018 rate". Others mention the fact people are going to less secure self employment. Our country has a strong underlying economy - it's a shame to see it being threatened by foolish ideologies - Brexit on one hand and Corbyn on the other.
Attempts to identify the cause of the blip in Lloyds share price this morning limited by pet theories and the improbable here. Jefferries reiterated its buy rating on Monday for Lloyds. JP Morgan changed its rating to neutral with a target price of 70p today, so that would not affect Lloyds. So that's hardly likely to be the cause.
Monetary policy, and Europe's growth and QE prospects have not changed since yesterday so that's not it either. In fact QE or interest rate falls there tend to lift stocks, and of course the pound which is good for Lloyds.
No the fall relates to damage to the pound .. tske a look at the GBP EUR chart. What xaused that ? Very simple very obvious. The prospect of a madcap Brexit and the Tory leaderships fantasy plans for digging up a golden unicorn the day after one ilof them takes office. Some here welcome Brexit making us poorer for some weird reason though. Take a look at the GBP EUR chart. The good news for Lloyds is Johnson and Hunt's plans are fantasies and they know it. That will very soon become clear. The pound will get some support then and pick up.
Boomerbower
And no I'm not a socialist. You clearly don't understand what it is. Few are who worked in retail, then banking for most of their career then set up their own business sre socialists.
You're filtered for a day or two, I don't want to listen to you sobbing. Instead, try some research, start by reading and understanding posts, yours and other peoples.
Boomerbower is smarter than the world scientific community, world airline regulators, world trade experts and every government in the world. So he tells us. He proves it by descending into rants and abuse the second anyone questions his ideas. A sure sign of a genius.