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Inflation is a lazy tool for governments to reduce budget deficit. It means that the value of your currency is worth less to foreign investors so you can reduce your debt by a steady currency devaluation. It, however, destroys the local economy. Since America, UK and Europe are facing a debt crisis, there will be a massive outflow from Euro, USD and Sterling to the growing economies of the far east.... Winter of discontent, spring of misery, summer of catastrophe.. thats my take... history repeating itself
I dont think that the interest rate rise has anything to do with it. This week the ULEZ started in London... it has forced over 500,000 non compliant cars off london roads.. The same is happening in other major cities. We have an anti-vehicle government who is happy to put the burden on poor people to pay for its misguided 'environmental' policies. Most electric cars are made in Japan, Germany and US.... so these countries will benefit from our crazy policies. We all care about the planet, but when the air measurements are taken along major highways that have been deliberately narrowed, then the results are wrong, and at best fraudulent.. london has been fighting a war against motorists for years... and all parties are colluding to drive motorists off the road and onto a useless public transport system. Motor vehicles are the engines that drive a successful economy... the stupid environmentalist are cutting off their nose to spite their face.... thats my rant
I have been wrong on M&S every single time so I hope I am wrong now....but...... you go to any large M&S store and you will see thousands of sq ft of prime retail space (on most high streets) filled with dross and just a handful of browsers...including me. There is nothing in M&S I want to buy except food.... and they are now stocking the food stores with less and less food.. even Lidl has a better range now. Me feeling is that M&S should close all their local food stores and concentrate on expanding the food department in the larger stores... the home furnishing was always a disaster. However, I have been wrong..
Sadly, Tesco seems to be drifting in a sea of trouble.... Their 'refurbishment' of the Cromwell Road superstore seems to be a disaster. somebody decided that it was a good idea to rearrange everything so that the old folks get confused and the regular shoppers have difficulty finding what they need. Seems they have reduced their selling space and increased their staff.. a recipe for disaster ... Lidl and Aldi are laughing all the way to the bank... but their choice of bread is better than M&S
All this government restrictions are just smoke and mirrors. I know of loads of people who have traveled to the ME and asia, and they have only had one jab. All you need is a good excuse and nobody can verify it... this whole thing is a sham
Yep..... as plain as day.... brokers stuck with 62 million shares offloaded by Hochschild in December needed to create a hysteria in the silver market.... the crowd just followed .... good game, good game.... nice to see you, nice
Auson..... All commodities are priced in USD... with Senile Joe Biden in charge, the Dollar is gonna fall taking oilers, miners and precious metals with it... sorry to be negative, but Joe is bad for America and the world economy... he will just blame it on Covid, but we all know who is to blame...
for my 2cents worth.... I sold as soon as Joe Senile Biden was sworn in.... He is gonna cause the dollar to crash and as oil, gold and miners are priced in USD, I am gonna stay clear of these areas... however, I was wrong about M&S and its puzzling why it continues to rise when they have empty shops... not surprised as other food retailers are doing so well. Not only are they charging a premium for online groceries, but their shops are also jam packed.. win win for them..
M&S is toast..... just checked out their winter collection... really? is that the best they have to offer ? overpriced clothes for middle aged people who only buy once a year or less... and its Christmas decoration section is pitiful....M&S cannot survive just on its excellent food business.... somethings gotta give... millions of Sq Ft of prime retail space being wasted ..... lack of imagination comes to mind...
Anyone who has ever tried to contact British Gas will know that it is a total waste of time. How can this be considered as a major energy company when it cannot answer its customer... The Service line led me through three minutes of repeated questions, didn't recognize any words, asked me to key in a number... didn't recognize it... gave me a long crass description of how well prepared its engineers are for Covid... and then said the engineers will contact me in 3 months after I said my postcode 3 times... what a pathetic service... The online website doesn't even let you book an appointment... not the type of company a sane person would invest in.... only when the tides go out that you find who is wearing any trunks...
If you really want to analyze this company, go check out the stores..... all empty... only the food area is doing some business..
but I checked out the Christmas food catalogue an it is full of great stuff but Verrrry expensive.. in this time, they should have been a little more pragmatic, but the M&S management live in a bubble.. I can see a funding call after Christmas or this company will not survive...
Seems that British property shares have reached the end of the road... once a safe have for stormy weather, now just a sinking ship taking in water... Hope my pension funds are not invested in this croc.... the management needs to be booted out but like most other British companies, there is a lack of real talent available .... years of mismanagement by the Tories under useless Cameron and incompetent Theresa has run down the city and filled it with semi-qualified polecats...
Something really sticks with this company.... it is a managed decline and I am guessing that there is a lot more bad news on the way... Thought it would recover to above a pound, but it now looks like this is going to be a penny share below 10p .. had to take the bitter pill
skier1 : unfortuntely, the cinema has lost its appeal because the screens have shrunk to the size of most peoples living room. All this 3D, 4D cinemas are good to go to once but its more fun to go to a theme park. They are overpriced, out of town and out of favour... If only the governement gave young kids free cinema cards to keep them off the streets instead of giving them incentives to knife each other... thinking outside the box is not a government strength...
Wonder if the Norwegian sovereign fund will buy out PMO.... they have money coming out of their Norwegian Wood and they will have an asset right at their door... don'tcha love a hot sauna.... separates the men from the boys