Member Info for Darth.Trader

as inflation worry mounts: Bank of America.

British consumer morale has fallen to its lowest since February, when the country was under heavy COVID-19 restrictions, due to worries about the economic outlook and about rising prices, a Bank of America report showed on Friday.

The survey chimed with other gauges of consumer confidence in Britain that have suggested a growing cost-of-living squeeze has started to drag on the economy's recovery from the COVID-19 pandemic.

The readings follow disarray in Britain in recent days as a shortage of truckers left fuel pumps dry across much of the country and a spike in European wholesale natural gas prices raised the prospect of a surge in utility bills.

"Our proprietary UK consumer confidence indicator continued to drop over the past two weeks, reaching the lowest since February on our 7-day moving average," Bank of America economist Robert Wood said in a note to clients.

The survey showed inflation expectations rose by 60 basis points from August, with almost a third of Britons now expecting inflation above 5% in five years' time.
read more;
https://www.reuters.com/world/uk/uk-consumer-confidence-slides-inflation-worry-mounts-bank-america-2021-10-08/?taid=616040f990c5510001baa9c4&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
DYOR

U.S. Is in Recession If History of Consumer Sentiment Repeats..
A decline in consumer expectations suggests the U.S. economy is in recession even though employment and wage growth indicate otherwise, according a new study co-authored by a former Bank of England policy maker.
read more;
https://www.bloomberg.com/news/articles/2021-10-08/u-s-is-in-recession-if-history-of-consumer-sentiment-repeats?utm_campaign=socialflow-organic&utm_content=economics&cmpid%3D=socialflow-twitter-economics&utm_source=twitter&utm_medium=social
DYOR

it happens, no worries.

good luck
DT

https://www.cnbc.com/2021/10/07/lawmakers-reach-deal-on-short-term-debt-ceiling-increase-schumer-says.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1633616977
DYOR

Schumer says he and McConnell have reached a deal on the debt ceiling

"We have reached agreement to extend the debt ceiling through early December, and it is my hope we can get this done today"

DYOR

the DOW got it's foot back on the gas, UKX looking bullish..yet lloy isn't....

DYOR

"" The positions are well covered even the sp
Goes to 1p....ALL IMHO-DYOR""

if so why did you close your postions on lloy recently at a loss....more fibs eh, your tongue will go black.
DYOR

"hope your staying home fakey""

Of course, he's expected a call...., margin call.

DYOR

PMSL....

DYOR...

""Have added more..,£2.5k pp......no more huying....IMHO-DYOR""

telling fibs again eh....

DYOR

"I expected lloyds to break 47p today"

no, i don't think so.

DYOR

I bet he wins on the grabber machine in a dodgy arcade..!!
Eyes Down...!

DYOR

"" You like to talk about the past, don't you?""

PMSL...

DYOR

https://www.taxresearch.org.uk/Blog/2021/09/29/there-is-no-economic-recovery-to-be-seen-in-bank-of-england-savings-and-lending-data/
DYOR

..gas prices, staff shortages, a lack of ships -- price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory.

Central bankers, while adamant inflation will subside, are starting to concede it may stay higher for longer as a range of issues push up the prices of goods and services and lift future inflation expectations.

Their conclusions will ultimately determine how quickly policymakers unwind the trillions of dollars of monetary stimulus unleashed to ease the COVID-19 crisis.

"Will central bankers be more focused on growth and be a "bit behind the curve"? Or will they be more concerned about inflation and take the punchbowl away quickly?," said Charles Diebel, head of fixed income at asset manager Mediolanum International Funds.

Read More;
https://www.reuters.com/business/global-markets-inflation-analysis-pix-2021-09-30/
DYOR

""According to my research....etcccc"

PMSL...

DYOR

at risk of insolvency from this week, City lawyer warns.

Thousands of UK businesses that have struggled during the pandemic are at risk of collapse as the government ends its temporary insolvency measures this Friday, a top audit lawyer has warned.

From Friday, the Government is phasing out its restrictions on winding-up petitions, meaning lenders and creditors can once again legally seek to liquidate a company that they believe is unable to pay their debts.

During the pandemic, the government introduced the temporary measures to protect companies that found themselves in “financial distress” due to the economic situation from creditor action
read more;
https://www.cityam.com/thousands-of-uk-businesses-at-risk-of-insolvency-from-this-week-city-lawyer-warns/?utm_source=dlvr.it&utm_medium=twitter
DYOR

"YAAAAAAAWN!"

Do try to stay awake in class....

DYOR

Hardup, grow up sonshine this is a moving picture....this is what the markets do. i have been in and out of my trade and i will continue to choose the timing of my trades...

DYOR

not looking good at all...

DYOR