Member Info for john46

Why MPC only dropped base to .1% .

"A negative interest rate means banks would pay a small amount of money each month to park some of their money at the Fed – a reversal of how a bank typically works. ... Currently, banks earn a small amount in interest by leaving cash at the Fed.12 Sep 2019"

https://www.usatoday.com/story/money/2019/09/12/interest-rates-what-zero-negative-rates-would-mean-you/2293676001/

There is no need for stagflation in U.K. If we acknowledge CB will now buy Sovereign debt , the interest payments will go to CB rather than pension funds etc . The burden on taxpayers is still there .

Correct my observations please , Gilts yielding .5% are costing us ~£40 BN pa . Gilts yielding -1% will cost our Exchequer ~£80 BN , differential is a further burden on our Exchequer and hence on us taxpayers .

With all the strife in the EU , disunity , leading to possible dissolvancy , our leaders should remain on the ball with a willingness to write off a proportion of our ND to maintain a competitive edge where 47% of our exports go to . It is acknowledged currency manipulation is acceptable , yet unethical . About time we started playing dirty .

Boomer,

Happy Easter bud !! Re-join us , we need folk like you who think outside the box !!

Frederick Forsyth puts a case forward , despite being +80 yrs , on an option for the way forward out of our predicament .

https://www.express.co.uk/comment/columnists/frederick-forsyth/1264336/coronavirus-latest-UK-death-toll-boris-johnson

James,

A business that doesn't grow is classed as dead . But to buy mbna for c£1.9 BN , 9% of lloy present value in exchange for an extra £650m of income is foolhardy in the extreme . My point standing , you don't buy on a peak . BOD must have been oblivious to Economic cycles again !

Darth,

That's more likely , thought you'd lost the plot earlier on .

Keep well .

Darth,

It's all very well these hedge funds posting following black swan event . Had it not been cv ,some other factor would have contributed to 50% correction .

Where do they see Dow troughing out ? That's the next milestone .

TFE,

"It's a funny thing but am I alone in that, when I'm scrolling up the posts, just a casual glance and I can usually identify who the poster is before looking.
Just saying."

Have to agree , we're all becoming like WB and his best pal , Charles Munger . Warren starts sentence , Charles finishes it .lol

JL,

Get your facts right , 16 .

SUFF, slightly off topic .

12 yrs back , some of my competitors went under . It concerned me as I couldn't understand why , when I still met Barc parameters .

Went to see my Grandfather , the most intelligent person I've had the pleasure of meeting . I started the conversation :-

Me " Grandpa , you've been through 5 Recessions "

G , " wrong , 6 "

Me ," which one have I missed out ?"

G " The Great Depression "

Me ," you still remember it ? "

G ," I will never forget it "

Me , " but you were only 9 yrs old "

G, "I will never forget it "

Following 3 hrs of discussion , Grandfathers observation was , do whatever you have to , to keep business afloat , human nature has a habit of rectifying itself .

This present situation will rectify itself , we just need to be patient .

Hang in there bud !!

TFE,

Lagarde also said " it wasn't ECBs job to control Italian spreads to German bonds " .

With stagflation , internal squabbles within EU will escalate , helping Sterling .

Toddy,

"Where are the 20p Muppets go now ??"

Watching innocent souls like yourself average down. We are now told house price correction to be 10-20% . That's a lot of CET .

To the tune of how many Billions will lloy have to replenish capital reserves ?

"China and Russia are considering building a high-speed rail line thousands of kilometres from Moscow to Beijing that would cut the journey time from six days on the celebrated Trans-Siberian to two, Chinese media reported Friday.

The project would cost more than $230 billion and be over 7,000 kilometres (4,350 miles) long, the Beijing Times reported -- more than three times the world's current longest high-speed line, from the Chinese capital to the southern city of Guangzhou."

https://www.businessinsider.com/afp-china-russia-mull-high-speed-moscow-beijing-rail-line-report-2014-10

Russians paying in Crude , they're not bothered on crude prices , they can always ramp up production , to the second biggest market in world . Russians won't blink !! Saudis are stuck , we need to get used to lower crude for longer .

Zoros,

Hardest hit nations in Europe are Italy and Spain , judging by your link , it would be advice able to open all swimming pools , apply a double dose of chlorine to the water and infection rate should contract .Is that too logical ?

Theosus,

Will research link , thank you ! In your experience , why then is our Gov not giving antibodies to those infected ?

Theosus,

Thank you for reply and links , which I was already aware off. We all appreciate the importance of keeping the spread rate @ <1 , hence the significance of home perjury . As our resident expert ( said out of respect ) why aren't our Gov giving us all zinc tablets during these times ? I personally can't fathom the reason .

Keep well Sir!

Theosus,

You haven't answered my query . CV mutating , vaccine pointless in your eyes , what's the point of quarantine ?

Bigsocietymyarse,

"What’s people’s thoughts on the potential floor here? Sub 1p?"

Judging by your observations Mrsoft made right call .

Just another Troll.

Jrlse,

Lloy CET is going to take a spanking of 10 to 20% in your timeframe . The shortfall will have to be replenished . Please tell me from where ?

Jrlse,

Lloy will not provide a Div for 2 yrs hence , it will have to bolster it's CET fundamentals . More likely to halve than double in your timeframe .

ATB