Member Info for john46

Theo,

Was invested in RKH back in their early days . My concern became when I recalled Pt Stanley airfield cost £1 BN , over 30 yrs back . New oil infrastructure will now cost multiples of that and due to the distance oil will have to be sold below open market value .

Hardup,

The inflationary predicament is Global .

There must be alterior motives for highlighting UKs .

Hardup,

"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. "

How would that be ? Base rise would lead to £20 BN added interest payments on ND , steeper mortgage payments for households and enhanced tax burden .

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 .

Theo,

It's pointless trying to reason with LTI . As he's told us before Lloy is impervious to Global events . He really does need to change his mindset if he ever wants to make a profit .

Hardup,

No ! I would settle for a few beers in the company of my friend LTI !

LTI,

No Chancellor or MPC has ever raised rates in December !

LTI,

"now that is a foolish."

Not as foolish as you telling us Lloy was cheap @80p .

LTI,

"Investors just holding cash will obviously have to hope for large falls in equity values, to make it worthwhile holding cash."

Should Russia invade Ukraine , Europes gas supply will be curtailed, benefitting those in cash .

Should China attack Taiwan , semiconductor shortage will benefit those in cash .

As you've told us before , Lloy is impervious to Global events .

MV,

I have wondered where your choice of name came from and you have now explained .

About 17 yrs back was in a pub in Majorca and I can't recall how I ended up talking to him , but remember the amusing story he told . This gentleman was in the Merchant Navy and they docked in Saigon during the Vietnam War . Whilst ashore they ended up in a watering hole that served food . Full of burly US Marines he ordered his steak , chips and peas . Some grunt asked him what Brits were doing here :-

"We're carrying a shipload of timber to Hanoi to build the biggest bandstand the world has ever seen "

"What for ? " says Yank

"So we can watch the Vietnamese kick your arse out of their country . "

At 5' the Marine missed his target , his peas went flying under the table and the whole place erupted into an Almighty brawl .

" I spent the duration of the brawl rounding up my peas under the table and eating them "

I think an Arctic convoy medal came out about 15 yrs back . Merchant seamens losses must have been on a par with RAFs bomber command of 55k .

Falky,

Just be patient , wait for the gap to get closed @ 44p , that's only ~ 5% drop from latest price . Less risk . Lloy gaps always get closed .

"The failings of this statist control system have been covered up by a pass-the-parcel any collateral goes €10 trillion plus repo market, which with the TARGET2 settlement system has concealed the progressive accumulation of private sector bad debts ever since the first Eurozone crisis hit Spain in 2012.

These distortions can only continue so long as interest rates are suppressed beneath the zero bound. But rising interest rates globally are now a certainty — only officially unrecognised by central bankers — so there can only be two major consequences. First, the inevitable Eurozone economic recession (now being given an extra push through renewed covid restrictions) will send debt-burdened government deficits which are already high soaring, requiring an accelerated pace of inflationary financing by the ECB. And second, the collapse of the bloated repo market, which is to be avoided at all costs, will almost certainly be triggered.

This article attempts to clarify these issues. It is hardly surprising that for the ECB raising interest rates is not an option. Therefore, the recent weakness of the euro on the foreign exchanges marks only the start of a threat to the euro system, the outcome of which will be decided by the markets, not the ECB."

https://www.zerohedge.com/markets/euros-death-wish

As the Euro weakens , Sterling strengthens with a knock on effect on equities . Well worth a read for those who believe in capital preservation .

LTI,

"s1
''LLOY has plunged-90% this century''

someone else without a brain"

You're so clever now tell us all in percentage terms how much it's dropped this Century .

I don't expect a reply as I know numbers aren't your strong point !

Machissmo,

Que tal ? Spanish version of your name should only have one S

LTI did tell us ~20 months back that cv19 was not a black swan event . He repeatedly insults our intelligence telling us his average is 23p .

Someone has to remind the forum what he is , our resident Walter .

LTI,

"Just in case some haven't already read. I contribute to charities of my choice EVERY month, probably more than will be collected here from a number of people in the whole year"

You've told us you can't afford car, internet or gardener and now insult our intelligence telling us you're more generous to charity than anyone else on this forum !

You should be ashamed of yourself !

LTI,

"My value has dropped £xxx,xxx today"

You forgot to mention you also don't have funds to contribute to Mr Meerkats EOY charity .

Simply providing the bigger picture !

"Both global and UK GDP increased in 2021 Q3, although at a slower pace than projected in the August Report. Growth is somewhat restrained by disruption in supply chains. Alongside the rapid pace at which global demand for goods has risen, this has led to supply bottlenecks in certain sectors. There have also been some signs of weaker UK consumption demand. While bottlenecks will continue to restrain growth somewhat in the near term, global and UK GDP are nonetheless expected to recover further from the effects of Covid-19 (Covid). UK GDP is projected to get back to its 2019 Q4 level in 2022 Q1.

Over the second half of the forecast period, and conditioned on the market-implied path for Bank Rate, UK GDP growth is expected to be relatively subdued. The pace of growth slows as potential supply growth eases back towards pre-Covid rates, and as higher energy prices and the fading of monetary and fiscal policy support temper demand growth. At the Autumn Budget and Spending Review 2021, the Government announced a higher path for government consumption, particularly over the next couple of years. By the end of the forecast period, a margin of spare capacity is expected to emerge."

https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2021/november-2021

Rate rise highly unlikely , but should they do so , subsequent Recession will soon bring it back down .

LTI,

"I had a massive SB purchase at under 24 on 21/9/20 and many many more SB purchases under 30 as you should know, in addition to share purchases."

One can only surmise , such purchases where in your mind , since your standard of living hasn't improved .

One assumes , you still haven't bought your first car yet .

Read the Economist , it'll provide you with some forward guidance , on which you are lacking .

LTI ,

"J46 doesn't like it highlighted that he is a fool -"

Give it a rest , you were the one who told us Lloy was cheap in 80's , whilst
I was telling you would be able to pick up @23p , hence why you're discredited .

As for making a profit on Lloy of " £ x,xxx,xxx " this yr , some fool might believe you , hence why you're our resident Walter .

You told us you can't afford a gardener ! Speaks volumes .

Jotom,

Don't take any notice of LTI , he's a discredited insecure poster , doesn't provide any forward guidance .

He's only bullying you because you're new to this forum , don't let him put you off posting .

LTI,

"why anyone would purchase above 44p doesn't it?.
Belief in something can make for serious loss of potential profit."

I know you're a clueless chancer !

Is there a short term profit in Lloy @ 47p ?

I don't expect answer as you have no forward guidance !