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LTI,
"For me it has been a cycle I have been in before. In 2014 and 2015 I was offloading Lloyds shares in the high 70's and maybe over 80 p. This gave me a good holding with an average in the low 20's."
Utter tosh ! You were telling us then Lloy was cheap @ 80p .
We are told the Financial reset is to occur in 2025 , no explanation given for that specific timeframe . From what I've read China GDP should equal US on that year .
We all know Chinese are buying all the physical Gold they can get hold of . It wouldn't surprise me if they then peg their currency to Gold . They already have a consumer market of ~20% of the Global population . Western nations will be forced to raise their base rates with corresponding effects . Biden' splurge is not helping the Dollar now , never mind 4 yrs down the line
SC,
It's rather pointless paying a premium for volatile assets that are susceptible to the Economic cycle .If the profit margin is too generous , folk will seek to undercut you . My opinion is Lloy are doing right in entering BTL market , not great margins , but steady .
End of the ponzy
https://m.youtube.com/watch?v=PJy29RObzZ8
ST/2D,
Just ignore LTI , he's killed debate on this forum . Always remember what he told us in April '20 @ the height of the first lockdown . He went to his local Tesco for 6 am , to beat the queue , but when he saw it was 200 yds long , he realised his legs wouldn't stand the strain of the wait so returned home . There lies the reason for his obnoxiousness and many other character traits .
Wids,
Three months back you mentioned the Cantillon effect to the forum , now Zirp is doing likewise .
"An 18th century French banker and philosopher named Richard Cantillon noticed an early version of this phenomenon in a book he wrote called ‘An Essay on Economic Theory.’ His basic theory was that who benefits when the state prints a bunch of money is based on the institutional setup of that state. In the 18th century, this meant that the closer you were to the king and the wealthy, the more you benefitted, and the further away you were, the more you were harmed. Money, in other words, is not neutral. This general observation, that money printing has distributional consequences that operate through the price system, is known as the “Cantillon Effect.”"
It surely distorts free market forces and makes a mockery of QE to infinity , whereby wealthy get wealthier and poorer 'get the crumbs ' . Makes a mockery of our system .
TFE ,
Outstanding link re our Financial hub London .