Member Info for Darth.Trader

….., but another sharp repricing of risk is still possible, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.

“The COVID crisis is very far from over. The depth and length of its economic impact remain very uncertain: it is clear that there is likely to be a great deal of pain for the financial sector,” Cunliffe told an Investment Association online event.

“However, the first phase - the initial shock and adjustment to a far more challenging economic outlook in the near term - has passed,”

Triflepig, did you see Nash2020 post earlier, FED & Gold..? interesting.

Minister says there is no point in an '11th hour' UK-EU trade deal...

read more; https://www.cityam.com/brexit-minister-says-there-is-no-point-in-an-11th-hour-uk-eu-trade-deal/?utm_source=dlvr.it&utm_medium=twitter

stagecoach, very true but I believe Lloy will be approached ….

..having a straightener on the DOW. Could go either way.

BrassGemini - No Deal / Brexit will take it back down, then it will start to recover ….

I would be disappointed if Lloy sp did not exceed 50-55p by Q2 2021; However it will see 27pennies again before Q2 2021..

Brexit is not responsible for the retrace, DOW giving up some gains, VIX rising, UKK.L hit the upper trendline and yet could not breach it. Lloy hit a Double Top...
Although No Deal is coming and it will be earlier than people realise…it will be good to get it out the way this year so UK can crack on..

Is it the start of a rise today...?

it's because they are not buys, sells don't come into it.....
it's a bit like Gap's, only the ones above ever get filled...Doh!

The US fell into recession in February, according to the central economic authority..

https://markets.businessinsider.com/news/stocks/us-recession-economy-february-coronavirus-nber-official-data-2020-6-1029289987?utm_campaign=browser_notification&utm_source=desktop

..Lloy retrace from here looking likely.

Big Numbers....shame, real shame.

A ‘misclassification error’ made the May unemployment rate look better than it is. Here’s what happened.

https://www.washingtonpost.com/business/2020/06/05/may-2020-jobs-report-misclassification-error/

Nash yes maybe i should have stated in terms of what we have seen since 1997. I recall people moving around a few times and the property was like for like and in terms of additional / top mortgage is was minimal at a time of very high interest rates as well...

TP, yes absolutely, with regards to oil the Tankers had been stacked 'n' rack and now.....well lol.
China is buying oil but not that much...lol.

A reporter tried to ask a question regarding the unemployment figures she tried to raise this, live today, but Trump dismissed her totally. In fact other reporters had also been stopped from questioning the figures....

Here’s why the real unemployment rate may be higher than reported...

The unemployment rate fell to 13.3% in May, according to a Bureau of Labor Statistics report on Friday.
The agency admitted the real unemployment rate likely exceeds 16%.
That’s due an error in how furloughed workers were treated in the data sample. April’s unemployment rate would have been nearly 20% absent that same error.

The unemployment rate in the U.S. improved last month as millions of people returned to the workforce.

But the official 13.3% unemployment rate, while still high relative to any point since the Great Depression in the early 20th century, likely understates the economic damage wrought by the coronavirus pandemic.

The real unemployment rate is likely at least 16%, according to the federal government.

That would mean roughly 1 in 6 people can’t find work.
read more; https://www.cnbc.com/2020/06/05/heres-why-the-real-unemployment-rate-may-be-higher-than-reported.html?__source=twitter%7Cmain

Pippa, prior to Blair property never moved for 10 - 12yrs... but i do agree that Blair and his kind put things out of reach for the average working family and as you say made it so that even professionals struggle...

for selling all his airline stocks, says he made a mistake..

https://markets.businessinsider.com/news/stocks/warren-buffett-trump-calls-out-airline-stock-sales-made-mistake-2020-6-1029285301?utm_campaign=browser_notification&utm_source=desktop

Not big fan of both men but i think Mr Buffett will have the last say i'm sure...