Member Info for Gate13Boy

Added to my filter list Carltt alongside PlatoComesAgain. Congratulations - you have to be seriously unhinged to make the hallowed list. I’ll leave others read your boring, monotonous drivel.

How many user IDs are you using Carltt to recommend your own posts ? I can’t see anyone agreeing with you by writing posts. Strange that…..🤔

I have no issue with what you say on immigration but I take issue with your obsession with landlords. My father is one. Some people don’t want to buy a property due to work, flexibility etc or because they can’t afford to buy at present. Stop tarring everyone with the same brush.

Morning 88.

Carltt, is either a wind up merchant or needs treatment for obsessive disorder 🤔

“ China’s deflation “should help” in the UK’s battle to bring down inflation, according to a chief economist at Standard Chartered.

The consumer prices index for the world’s second largest economy fell 0.3pc in the year to July, according to the National Bureau of Statistics (NBS).

It was the first year-on-year decline since February 2021 after inflation was unchanged in June.

China also revealed that factory gate prices extended their declines, with the producer prices index (PPI) falling for a 10th consecutive month.

Manufacturers in China are cutting prices to get rid of excess stock amid slowing consumer demand combined with a property slump.

Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered, said deflation in China “should help inflation in the US and Europe to moderate” as the prices businesses pay for goods falls.

Inflation stands at 7.9pc in Britain. The US reports its latest inflation data on Thursday.”

Hunt around Johnny,

I managed to get mine for half the quote after my normal provider had upped my premium by 20%.

Well said Kaiser.

Carltt will be telling us next that landlords caused the poor weather in July in this country. It really is rather pathetic and the 5 recommendations he received from fawning acolytes shows the mentality level of some on this board. Change the record Carltt, you’re becoming as boring as some of the Remoaners on these pages.

Dire China trade figures have precipitated global economy concerns and a move into less risky assets like bonds. Bond yields are starting to fall around the world as their price rises signalling the end of the tightening cycle is coming soon.

How long we stick above 5% is anyone’s guess 😳

Get that buyback machine running……

Yes, excellent results. This should rise further as the economic climate worsens over the next year or so…..

Good old Chuckleberry, always on hand with some common sense. I never had much regard for the SNP but I guess

Communism appeals to some, normally the have nots….

What about all the decent landlords such as my father who charge reasonable rent on an inherited property and maintain the property to a high standard who rent these properties out to people who can’t afford their own home ?

I find this constant berating of landlords as rather tedious and puerile Carltt to be honest. Don’t tar everyone with the same brush because you have an axe to grind for some unexplained reason.

Carltt,

Merely an observation but would you consider yourself obsessed with landlords ? 🤔 What happened to you ? Have you been sexually violated by one ?

Yup Carltt,

Looks like the next PPI type scandal that Lloyds will have to make provision for.

“Profits were up an impressive 23 per cent, and it increased its dividend by 15 per cent.

But despite fat profits, the shares fell hard. The profits were slightly lower than analysts had expected, and investors are worried that Lloyds will be affected if people default on their mortgages due to higher rates. The bank is Britain's biggest mortgage lender, which may explain the concern.”

Sums the situation up. Higher NIMs due to higher interest rates do not necessarily translate to higher profits after increased bad debt provisions are made.

Well said skier.

Unless you’re like livestock who wants rate rise after rate rise now to improve NIMs whilst failing to appreciate companies and home owners will default on their loan to Lloyds, inflation seems to be coming down at last.

I would stop now before longer lasting damage is done.

“ Monetary tightening tends to take between 18 months and two years to filter through and with inflation now coming down meaningfully on every key measure, there is a very real risk that Threadneedle Street goes too far, unnecessarily triggering a deep recession and sending thousands of businesses and households to the wall.

Even its own forecasts show that additional interest rate hikes will make little difference to inflation in the medium term with inflation falling to 1.4pc over three years if rates simply stay where they are, and yet another one or two increases are expected.

In past downturns, companies have been able to “kick the can down the road” – banker parlance for a new loan or the extension of an existing one and a far more preferable outcome for lenders than pulling the plug or having to step in and take ownership of a business they don’t know how to run.

But many companies can no longer afford to meet the terms of borrowing facilities negotiated when rates were close to rock-bottom, never mind what they’d be charged now.

Profit warnings have risen for seven consecutive financial quarters – the longest run since the financial crash with one in five companies citing changing conditions in credit markets for their predicament.

Insolvencies are the highest they’ve been since those dark days too and yet thousands of companies remain shielded from a completely different borrowing environment by virtue of existing loans that have yet to expire. A brutal new world awaits“

Lloyds don’t announce more buybacks at the interim stage from my recollection. Don’t be surprised if they announce more buybacks with the full year results.

Hope so. This is the worst performing of the 80 odd holdings in my portfolio as of today……

It’s DISSPOINTING ww 😂 Maybe he’s too blind to spell properly…….