Member Info for eccles04

The most important thing to understand about Boris is that he knows absolutely sweet FA about business and economics and neither does his pet monkey Dom. A rather dangerous combination s some of us may recall in the case of Gordon Brown.

He ain't really a leader james , if he were, we would have seen some evidence by now but at the time due to failings in both parties, we did not have much choice. What on earth the tory party thought they were playing at when they picked him, I have no idea. The same applies to labour when they picked Corbo. It's just possible that labour will pick someone who will give liar BoJo the hiding he deserves, we'll see.

Not quite sure what this is all about diver but I learned many years ago not to trust banks too much. Thus I do not use them for share deals but use the experts instead like LSE and Hargreaves; similarly, I do not use them for insurance but experts like Aviva, LV and Direct Line. You wouldn't buy paint and timber in Tesco's would you or perhaps you would......

Has to be a good time to buy. By this time next year covid and PPI will be done and dusted.

Nowt to do with higher interest rates livestock. Throughout the 19 cty interest rates were very low and yet the British economy grew like Topsy, of course profit was not a dirty word in those days.

Good report Seany, thanks but few large businesses do much better than 10% because they are too cumbersome and tend to carry a lot of dead wood. Small businesses know that they cannot afford to carry "dead wood" so they don't. E.g. How many small businesses employ a financial controller, a personnel manager or a legal executive - answer NONE! Because they don't make money and there are several other high paid animals as well as these in most large businesses.

Wids, please explain why there was "a dollar/cash shortage in the system" then we could get some truth. What "system" are you talking about: A group of interacting, interrelated, or interdependent elements forming a complex whole.

It was a bit of both: Gordon relaxed the rules about what capital the banks needed to hold as a proportion of their lending books. Being financially ignorant he did not understand why these rules had been made many years ago to keep the banks in line. He observed the yanks relaxing said rules and though he would do the same (copying the yanks is never a good idea because many of them are a bit dense. Anyway, one or two bigheaded bankers (you know who) then decided to extend their lending books and offer money to a lot more folk who would find it quite hard to make the repayments. "Never mind, most of them will pay and we'll make loads of money" Of course we then had a bit of a recession and quite a lot of said loans and mortgages went "toxic" because a lot more people could not afford the reapayments both in the States and here. The rest is history except that the building societies (notably Nationwide) did not suffer to anywhere near the same extent because they play by more stringent rules. It is interesting that Vince Cable warned Gordon at the time that things were looking quite dodgy but Gordon ignored him.

Quite right again BB. It appalls me that folk think nothing of ripping off Doctors and the NHS when like the rest of us they make a mistake occasionally. Thismay sound callous but getting a few thousand quid off the NHS is never going to bring a dead baby back.

Well yes but even in my youth I could see from friends and associates coming back from "holiday" with cracked bones, etc., that sking and ww were dumb things to do so I never did. Then an old friend did scuba had a cardiac problem and died so that was crossed off too. But it's exciting they all cry, and so is hooking a big fish (one of my hobbies) but you don't get injured.

But I simply do not expect £12 -£15k medevac costs will ever happen and we all know that Insurance cos will do all in their power to avoid paying. So why should I hand hard earned cash over to these daylight thieves? I have never bought travel insurance in my life and certainly in my younger days of traveiiling, it was virtually unheard of then certain travel cos started offering it and folk got hooked but I ain't that daft and don't do silly things like skiing and white water.

Quite right Boomer, actually I don't have any insurance at all, except for the car. You may say what happens if your house suffers storm damage and I would say that I have enough funds to handle that very unlikely event. No we don't have fires or burglars both are completely avoidable hazards but some people don't take the necessary steps.

Only problem now is the £ is falling out of bed. What did you expect with two loonies in charge.

There, there, not so bad was it. All in the past now, onward and upward.

Careful observation reveals that the "unexpected" inflation hike is mainly to do with oil and gas prices for the consumer which have already fallen significantly this month. My gas suppier is reducing my price by about 15% and local Tesco has reduced price of 95 by about 4%. I expect next month's number to be a lot lower.

Bad news always comes in threes. First we had brexit then floods and finally HSBC so LLOY should be OK.

Sorry Wids but your thinking is all wrong. Yes of course one can "loose a gain in a day " but that applies to bank cash which seems to be your only measure, too. In fact that that is what forex traders do, they make gains and losses by trading in different kinds of cash and sometimes the losses (of cash) can be huge when significant international events take place. My now deceased old aunt refused to move her quite large inheritance (£75k) out of a building society account in 1972 despite my advice to invest in something which would GAIN IN VALUE. She died in 2010, never understanding how her cash had lost a huge amount of VALUE over the years.

Wids, didn't realise that you made dumb comments. It really doesn't matter whether the asset is cash or some other kind of asset - gold maybe, if it now has 22% more value than it formerly had, a gain has been made. I that you are one those people who imagine that the only true measure is cash, rather infantile thinking especially when one considers that as Warren Buffet says "Cash always loses".

Why do I have a chunk of my capital in LLOY? 1. I am not interested in gambling with that particular chunk. 2. I want to maintain the purchasing power of said chunk. 3. I want said chunk to be safe. 4. I want siad chunk to offer a reasonably good return which I can no longer get with a cash deposit account. These should be anybody's reasons for this investment and complaining about not making capital gains is stooooopid because if that is what you want, your money should be moved elsewhere. Do I have any money invested for capital gains? You bet I do but I understand the risks, how to assess them and have made an average of 22% in the last 12 months.

Here we go, Govey has finally admitted that we are likely to be on a hiding for nothing because the infra-structure necessary for efficient handling of imports and exports from the EU just isn't there. It wasn't necessary for the last 47 years and the remnants of what existed before that have long since disappeared. If you don't think this is important, you were not paying attention when it was vaguely hinted at a couple of years ago - "bumps in the road". Of course a lot of the poor suckers who were pursuaded to vote leave on the basis of lies and inadequate information will not understand when the shortages begin to occur as they surely will. I also note that Barnier has expressed a hard attitude to our financial industries; do you work in one, if so don't be surprised if redundancy rumours begin to appear.