Member Info for hardup

Boris Johnson appears to be in an impossible position. The scientific advisors Patrick Valance and Chris Witty are really pushing for stricter measures to be implemented ASAP. The cabinet are split. Boris is terrified to bring in any further measures before Christmas for fear of more resignations from Cabinet and a larger revolt from back bench Tory MP's. It seems that Plan C which is being considered is a 2 week "circuit breaker" lockdown. Boris will not agree to this before Christmas so there is talk of starting 28th December, if implemented. IMO, I think Boris's days as PM are now numbered; he is in effect, for want of better words, a "dead man walking" as PM.
https://www.thetimes.co.uk/article/rishi-sunak-resists-new-covid-restrictions-before-christmas-0qrmjnj2r

A turbulent month - 6 weeks ahead Brixton.

Falky,
"I think lloyds will finish either up or down."
No schit Sherlock! Your talents are wasted. You should enter Mastermind Falky, your special subject would be "the bleeding obvious" lol.
All tongue in cheek :-)

Looks like COVID has cancelled the Santa Rally! FTSE Futures currently down circa -112 pts.

Gazz
"Invest lever, 3 posts. LTI's other profile name. Lol."
One of them; he also had another one with 3 posts at the weekend, Prioritise. Lol

MV,
"How do you know Mr A Murray did it all by himself, taking of the working class which he has never lived with or know3s little about apart from what he may read."
Well from your own words his family background is "firmly in the establishment swamp. Generals , Lords and Ladies make up his family." Yet he is none of these himself "and his father was not either, his father worked for British Rail" so you cannot say he he got an easy ride to a privileged life style as befits your assumptions based on his ancestry. He is a stand up comic, who is self made: https://en.wikipedia.org/wiki/Al_Murray

Also, you comment further on Oliver Cromwell; "And Cromwell did do something, as history shows and if it had gone wrong for him he would have laid his head on the block."
Well history shows that he was eventually treated as a traitor when the Monarchy was restored, and Charles II had him posthumously executed for treason. Cromwell's body was exhumed from Westminster Abbey on 30 January 1661, the 12th anniversary of the execution of Charles I, and was subjected to a posthumous execution, as were the remains of John Bradshaw and Henry Ireton. (The body of Cromwell's daughter was allowed to remain buried in the Abbey.) His body was hanged in chains at Tyburn, London, and then thrown into a pit. His head was cut off and displayed on a pole outside Westminster Hall until 1685. https://en.wikipedia.org/wiki/Oliver_Cromwell

MV
"Hardup. Mr Murray my come over as a working class straight talker, but his family back ground is firmly in the establishment swamp. Generals , Lords and Ladies make up his family. We need a Cromwell , now that would up set a few!!"
I am sure you will agree that Al Murray has got to where he is through his own efforts and hard work, not through being related (probably distantly) to one's of higher status in society/class.

However, your hero of choice, Oliver Cromwell! I think you will find that his family back ground is also, as you say, "firmly in the establishment swamp. Generals , Lords and Ladies make up his family."

https://www.discoverwalks.com/blog/london/top-10-remarkable-facts-about-oliver-cromwell/
"The Cromwell family, on his father’s side, had been a wealthy family for generations. They were part of those that owned large acres of land in the region. He was related to King Henry VIII. His family acquired great wealth since they were the beneficiaries of Thomas’ administration of the Dissolution of the Monasteries."

https://www.history.com/topics/british-history/oliver-cromwell
"Cromwell’s Early Life: Cromwell was born in 1599 in Huntingdon, near Cambridge, in England. The Cromwells had been a wealthy family for generations, and were part of the landed gentry in the region. He was descended on his father’s side from Thomas Cromwell, a minister of King Henry VIII."

MV
Al Murray for Tory leader and Prime Minister!

The Tories have become complacent! They think Labour are totally unelectable with Sir Kier Starmer as leader and probably think they just need to turn up to win the next General Election.

Watching the BBC 6 o'clock news; interviewing a nurse in a London Hospital today, and she was saying most of those being admitted with COVID were NOT VACCINATED!

That would be the City Wide Boys getting the "nudge, nudge, wink, wink" that rates were going up before the decision made public! lol

Watching the lunch time news one of the narratives was that the Omicron wave will peak very rapidly but is then expected to decrease rapidly as well, at a faster rate than the other variants.

lti
Your conduct since Don2003 posted at 12:51 only validate the narrative he has posted.

thecouchman,
"and from my experience, whatever they say... do the opposite."
That is a total mind feck lol, as every stock they cover always has "reasons I would buy X stock today" posted one week, and the next week another one of their "ALLEDGED EXPERTS" will post "reasons I would not touch X stock with a barge pole".
So how do you do the opposite with that lol.

I also am not expecting a rise today, I think spring/summer before they start hiking rates. I wonder what market reaction will be today if confirmed no rate rise? Surely a no rate rise is already priced in with the SP at current level? But it would not surprise me if the MM's and City Wide Boys manage to take the SP down another 2% or 3% if no rate rise is confirmed.

US Federal Reserve plots three rate interest hikes for 2022 in the face of soaring inflation
https://www.dailymail.co.uk/money/markets/article-10314477/US-Federal-Reserve-plots-three-rate-hikes-inflation-soars.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Can't believe you asked that!

"Free fall under 40 soon as no rice in rates sorry if you want the other"
No rate rise is already priced in, but it will probably fall a bit if no rise, but not 11%!

john46
"The writer of the article is obviously not fully conversant with the consequences . The ECB or FOMC aren't raising rates either , despite their surge in inflation . At this moment in time no one wants a strong currency ."

The IMF are saying rates BOE should not be slow to raise rates, I am sure they are fully conversant with the consequences, so I guess they do not agree with your prognosis.
https://www.reuters.com/markets/europe/imf-warns-bank-england-against-inaction-inflation-2021-12-14/

From todays Investment Chronicle: Inflation surge puts BoE inaction into stark relief.

"If you were angry the Bank of England didn’t raise interest rates last month, you’ll be absolutely livid they don’t do it again tomorrow. Inflation in the UK has surged to a decade-high 5.1 per cent, outpacing fairly steep expectations. Whilst the CPI figure is high the RPI, arguably a better test of the true costs to most consumers, surged to 7.1 per cent, the highest level in 30 years. Combine this with the fact job vacancies are at a record high 1.21m - evidence that the labour market is extremely hot - you have to wonder what on earth is stopping the Monetary Policy Committee from pulling the trigger. Of course the answer last month was they wanted more data on the labour market. Tomorrow it will be Omicron. There is always an excuse for inaction.

Even the IMF agrees. Yesterday it warned the Bank of England should not delay withdrawing pandemic-era support by raising rates as inflation is set to top 5.5 per cent next year. The fund urged the BoE to avoid ‘inaction bias’, which we might characterise and the kind of sit-on-your-hands-an-do-nothing complacency that seems to mark out Andrew Bailey’s tenure. The economy is strong, Omicron will be a passing fad, the employment market is tight and inflation is super strong – to not hike on Thursday would display a degree of lethargy and willful disregard for the facts that will hurt the economy and ordinary people. The Bank seems destined to suffer from this inaction bias and the inflation data only puts that into starker relief.

Nevertheless, even if the BoE does not hike tomorrow – and it still could – there is plenty of hawkish noises it can make about next year to help sterling gather itself off the floor. The pound ticked higher on the inflation report, with GBPUSD advancing to its highest since Friday – as suggested this week there are signs the sellers are cleared out for the time being and we could see a short-term reversal towards the middle of the channel, though the double hit of the Fed and BoE this week makes calling it a tough one."