The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
LTI,
"The numbers of C19 cases can be controlled more by the behaviour of the individual than the actions taken by government."
Why should individuals place their trust in GOV , when previous administrations have bankrupted their future , (borrowing their future to maintain feel good factor now ) . That includes Gordon Brown decimation of final salary pension schemes . Folk have a right to question the BS we a fed .
The CV Stats we are given aren't detailed enough .
Broaden your outlook !
XX
LTI,
"from the impatient to the patient .
I have many years of patience."
Understandable, buying on a peak , guarantees you have to wait yrs for a profit , pointless patience!
Sad to see you having to gamble on lloy , just to pay for your Tesco grocery bill , your losses must be astronomical .Further lessons to follow !
Yes , I work as a hoddy on my building sites , labouring , plumbing and electrical first fix , we're all equal on my building sites , it improves productivity no end , cuts costs and the joy is I don't have to sell to materialise a profit , simply keep renting these beautiful abodes out .
Anyway , back home from my hernia op , 30 press ups upon crossing my threshold this evening .
Back at work tomorrow !
XX
LTI ,
Definition of disruptor:-
"disruptor
A company or form of technology that causes radical change in an existing industry or market by means of innovation."
Some would call it thinking outside the box , staying ahead of the curve , forward guidance , conserving capital .
IT SHOWS YOUR NARROW MINDEDNESS .
Xx
Relevant ,
With near zero interest rate policy , low cost money borrowed from tomorrow bids up existing assets today.
When the bust arrives , assets return to their original values , while debt remains elevated , the stock of capital shrinks and real growth slows.
LT/ERV,
I pointed out last summer my neighbour in Majorca house is a Caixa bank manager . He told me then Caixa were reluctant to lend to Spanish enterprises and had rather sit on funds , fearing major losses .How right their policy has proved.
I would say you are both in the safest bank in Spain .
Posted this morning on HK News . Perhaps might explain MW logic.
"5 Signs Of Deutsche Bank Collapse
Deutsche Bank, Europe’s second-largest bank, the biggest bank in Germany, one of the world’s ten largest banks by assets, and of course the bank for derivatives trading, is in huge trouble.
And of course, this matters: The International Monetary Fund was the first to warn about it as being “the largest net contributor to systemic risks” to the global financial system. When Deutsche Bank Collapse will happen, the rest of the global financial system will shake and turn into an economic collapse.
There’s a simple rule When it comes down to Banking trouble: The louder someone in the government minister insists on TV that everything is just fine, the bigger the problem really is.
For instance, if a government minister says that everything is fine with a bank, you know it’s not. It’s terrible enough that a government minister should feel the need to say anything at all, so when he does, you know it’s a red flashing sign.
Deutsche Bank (which goes by the symbol DB on the New York Stock Exchange) could be a contrarian’s dream. But just because something is cheap and is down 84 percent doesn’t make of it a good buy. Dropping share prices signal a company that is in danger and stock market crash is on the horizon.
So what’s wrong with Deutsche Bank?
Well, everything is wrong with Deutsche bank. It is coping with adapting to a changed competitive situation where its business model and cost structure no longer make sense. Not to mention that tightened regulations have made the banking industry a nightmare of rules.
And as reported by the Financial Times, Deutsche Bank is facing a mind-boggling number (7,000) regulatory actions and lawsuits. Deutsche Bank is the most important domino in European's very shaky financial system. Loss of confidence in financial institutions can happen in hours, and once it’s gone, there’s virtually no way (other than a bailout) to get it back. The Deutsche Bank situation generally is a serious concern, because we’ve seen what happens when a major global financial institution goes bust, and it did turn into a devastating stock market crash. "
https://hksar.org/5-signs-of-deutsche-bank-collapse
"…The global financial system simply cannot afford for Deutsche Bank to fail, and right now it is literally melting down right in front of our eyes…[Indeed,] many now believe that the end is near for Deutsche Bank. Here’s why.
…On July 7 the beleaguered German giant announced that it is laying off 18,000 employees—roughly one-fifth of its global workforce—and pursuing a vast restructuring plan that most notably includes shutting down its global equities trading business…These moves may delay Deutsche Bank’s inexorable march into oblivion, but not by much and, as Deutsche Bank collapses, it could take a whole lot of others down with it at the same time.@Your Finances
According to Wall Street On Parade, the bank had 49 trillion dollars in exposure to derivatives as of the end of last year…putting it in the same league as the… U.S. juggernauts JPMorgan Chase, Citigroup and Goldman Sachs, which logged in at $48 trillion, $47 trillion and $42 trillion, respectively.
The actual credit risk to Deutsche Bank is much, much lower than the notional value of its derivatives contracts, but we are still talking about an obscene amount of exposure and this is especially true when we consider the state of Deutsche Bank’s balance sheet.
According to Nasdaq.com, as of the end of last year, the bank had total assets of $1.541T and total liabilities of $1.469T. That’s not much in the way of equity…and things have deteriorated rapidly since that time. In fact, it is being reported that $1T a day is being pulled out of the bank at this point.
…The global derivatives market played a starring role during the last financial crisis, and it will play a starring role in the next one too…
The…failure of Deutsche Bank could quickly become a major crisis for the entire global financial system…as some of the largest “too big to fail banks” in the United States, such as JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley and Bank of America, as well as other mega banks in Europe, are “heavily interconnected financially” to Deutsche Bank.
In fact, the IMF concluded that Deutsche Bank posed a greater threat to global financial stability than any other bank as a result of these interconnections (and that was when its market capitalization was tens of billions of dollars larger than it is today).
Conclusion
It appears that the next “Lehman Brothers moment” may be playing out right in front of our eyes. Now more than ever, keep a close eye on Deutsche Bank, because it appears that they could be the first really big domino to fall."
https://www.munknee.com/collapse-of-deutsche-bank-would-be-catastrophic-for-global-financial-system-heres-why/
"Of the $200+ trillion in derivatives on US banks’ balance sheets, 85% are based on interest rates and for that reason I cannot take any of the Fed’s mumblings about raising interest rates seriously at all. Remember, most if not all, of the bailout money has gone to US banks in order to help them raise capital. So why would the Fed make a move that could potentially destroy these firms’ equity and essentially undoing all of its previous efforts? That being said I still see derivatives as a trillion dollar ticking time bomb with a short fuse."
https://www.munknee.com/derivatives-the-trillion-dollar-ticking-time-bomb/
CB cannot raise rates
A1,
"Thanks Cookoo - I maintain it for my own ref - when I hear posters say things like 'Lloy is a dog' or 'better else where' the fantasy portfolio provides reassurance that my long term hold strategy is safer "
Absolutely my friend ! It's a real eye opener and I'm certain most of us on here are extremely grateful for the time you allocate to keep us informed of the weekly variance .
All will come good eventually , specially if RR provide us with mini N reactors in a handful of yrs , to enable us to become self sufficient power wise .
Keep well bud !
"That’s CNBC “Mad Money” host Jim Cramer summing up the analysis of Tom DeMark, a “trusted” technician known for his market-timing indicators, leading up to the November election.
“That same method that tells DeMark we’re cruising for a bruising also tells him that it might only last two or three weeks, with a possible bottom close to Election Day,” Cramer continued on his Tuesday show. “So, you’re going to have to pull the trigger and do some buying.”
DeMark’s signals accurately predicted the big September selloff in the stock market and they’re once again suggesting a similar downtrend is taking shape, Cramer explained. But before that, DeMark is looking for a solid rally in the coming days.
“Assuming this pattern holds up, he thinks we’ve got one last leg higher … before this rally runs out of steam, possibly at the end of the week,” Cramer said. “That’s not what I want to hear, but it would make sense —we’ve had a monster run going into earnings season.”
https://www.marketwatch.com/story/get-ready-to-do-some-buying-cnbcs-jim-cramer-warns-of-a-potentially-ugly-sell-off-before-election-day-11602682496?mod=mw_quote_news
Fools rally on the way .
Falk,
Keep a close eye on Barc , specially last trading hr before Q results . As pointed 3 weeks back , Barc Corp advised me further lending would be unadviseable despite debt service being +500% .My feelings are all is not well on their books .
"Priapic graphs exaggerate the true scale of infections. Deliberately vague language is used to pretend the pandemic is spiralling out of control.
A couple of weeks ago, the Two Ronnies of Doom were brandishing projections that by today there would be 50,000 new cases a day. In reality, there's been only around a third of that wild guess. And, anyway, what do they mean by 'cases'? We're not talking hospitalisations, or even deaths here. Just 'cases' — in other words, those who have tested positive for Covid.
But given that the number of tests is now running at 250,000 a day, it was inevitable the numbers of people testing positive would rise. The fact is, though, that up to 90 per cent are asymptomatic.
As for the deaths put down to Covid, take that with a shovel of salt, too. The authorities are still counting those who tested positive in the past 28 days, even if they died of something else.
They are reluctant, too, to tell us whether these unfortunate patients had other underlying conditions which would have killed them anyway. The Mail revealed last week that the average age of those who have died with Covid is 82 — a full year older than the average life expectancy in Britain.
How old are those admitted to hospital in Liverpool lately, and used to justify another draconian lockdown? Do they suffer from another potentially fatal condition, such as kidney failure or obesity? No one's saying."
https://www.dailymail.co.uk/debate/article-8832693/RICHARD-LITTLEJOHN-Driven-fear-dodgy-science-bound-end-tiers.html
It does look as though our leaders are only looking at one side of the equation . The Stats we are being given aren't detailed enough , IMO. Such policies might hasten the implementation of NIRP.
Well worth a read of the full article .