Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks LTI. I do hold Twenty Four Income ord which focuses on mortgage debt before you alerted this to me. I’m slightly down on that (bought 10,000 at 1.05) but still an excellent yield. The thing I like about SMIFs is their biggest holding are in pretty safe holdings (UK building societies etc). Let Brix carry on with his NSI holdings. Take a little risk and you get bigger returns…..
I did hold
The MPC will lower rates next year. Baileys nonsense is just bluster to keep wage settlements down. The FED pumped out this nonsense and the markets didn’t believe him. Mortgage rates are already coming down - there’s a reason for that.
FRANCE and Germany are dragging the eurozone into recession while activity is bouncing back in Britain amid hopes of rate cuts next year, according to a series of closely watched surveys.
Business activity in the single currency area shrank again in December, putting output on course to fall at its fastest pace for 11 years this quarter, barring the pandemic. The downturn was led by France, where businesses reported the sharpest reduction in activity in a decade outside the pandemic according to S&P Global’s “flash” purchasing managers’ index (PMI).
Both France and the wider eurozone shrank by 0.1pc in the three months to the end of September, meaning both are now on course to slip into a technical recession, defined as two straight quarters of economic decline.
Germany also likely ended the year in recession after Europe’s largest economy slipped into a deeper decline at the end of the year, S&P Global said. By contrast, Britain’s economy bounced back at the end of the year as activity rose to a six-month high amid “tentative signs” of a revival in demand.
The rise in the S&P Global UK PMI to 51.7 in December from 50.7 was driven by an increase in new orders and a stronger performance in technology and financial services as hopes for lower interest rates increased. Any reading above 50 signals growth. The French equivalent reading was 43.7, while Germany slipped to 46.7.
Tariq Kamal Chaudhry, an economist at Hamburg Commercial Bank, said: “The French economy is sinking into the recession quagmire.”
Chris Williamson, chief business economist at S&P Global, said: “The UK economy continues to dodge recession.”
“Money markets are predicting the Bank of England will reduce interest rates by a whole percentage point to 4.25pc next year.
Traders are betting there will be four interest rate cuts in 2024 after official figures showed the economy shrank in October.
They now believe rates will drop from their 15-year highs of 5.25pc to 4.25pc before the end of next year.
Traders also predict that the Bank of England will begin reducing borrowing costs from their 15-year highs by May at the latest, having previously forecast it would start by June.
It comes as policymakers face pressure to boost the economy after the Office for National Statistics revealed the UK’s gross domestic product (GDP) shrank by 0.3pc in October.
Wall Street banks Goldman Sachs and JP Morgan have both lowered their growth forecasts for Britain in response to the data.
The Bank of England will announce its next decision on interest rates on Thursday.“
“Money markets are predicting the Bank of England will reduce interest rates by a whole percentage point to 4.25pc next year.
Traders are betting there will be four interest rate cuts in 2024 after official figures showed the economy shrank in October.
They now believe rates will drop from their 15-year highs of 5.25pc to 4.25pc before the end of next year.
Traders also predict that the Bank of England will begin reducing borrowing costs from their 15-year highs by May at the latest, having previously forecast it would start by June.
It comes as policymakers face pressure to boost the economy after the Office for National Statistics revealed the UK’s gross domestic product (GDP) shrank by 0.3pc in October.
Wall Street banks Goldman Sachs and JP Morgan have both lowered their growth forecasts for Britain in response to the data.
The Bank of England will announce its next decision on interest rates on Thursday.”
Bailey has done an appalling job. Not sure what planet livestock is on. Rates will start coming down next year is my guess as the impact of re-mortgaging kicks in and people tighten their belts. The CBI are experts at getting it wrong, proved time and time again.
No worries Forensic,
It wouldn’t harm Lloyds other than to drop its share price by the value of the special dividend. The share price moves around for lots of reasons. It just frustrating that it has been explained to livestock numerous times and he still doesn’t understand it. I used to work as a stockbroker and know a little more than him without being arrogant. If he doesn’t like the fact that Lloyds is not paying a special dividend, then maybe he ought to sell up and invest the proceeds elsewhere. But he won’t do that as he is down on his purchase price. It’s false logic keeping hold of a share just because he’s down on his investment. Anyone that says they have never had to take a loss on a share is deluding themselves.
If a special dividend is paid, it wouldn’t bother me, I’d just rather excess capital is used to buyback shares at this relatively low price. I’m afraid livestock doesn’t understand the mathematics here. Myself, LTI and others are blue in the face trying to explain it to him 😂 Each to their own I guess.