Member Info for john46

https://www.bloomberg.com/news/articles/2019-08-12/u-s-30-year-yield-drops-to-fresh-2019-low-nearing-record-level?srnd=fixed-income

https://www.bloomberg.com/news/articles/2019-08-12/stocks-slide-to-extend-to-asia-as-treasuries-rally-markets-wrap?srnd=fixed-income

Risky assets have further to fall

High yielding stocks are high risk . When downturn occurs , first to lose capital value , hence c 40p by yr end is a given .

Lights out,

Lol, good memory . You still in Madrid ? Scorching here in Majorca .

https://www.bloomberg.com/news/articles/2019-08-12/recession-risk-china-s-2050-plan-brexit-lessons-eco-day?srnd=premium-europe

Worth a read .

Wids ,

Looks like right wing state taking over in France , judging by link . Final attempts to prop up a failed system . " economic servants " is how commentator described their heirarchy . One day the PIGS states will wake up to realise they have no national assets left to use as equity , ECB will own them all , in exchange for a few yrs of feel good factor .

By this Xmas , what's ECB going to do when allocating briberies to its provinces , when France will want the Lions share , to appease its farmers . ROI will be cast adrift and meagre subsidies kept on the Continent . QE4 will be the final confirmation it's a failed experiment .

One day , members of the flat earth Society will realise , Economic growth financed with debt is unsustainable .

Wids , off topic bud .

"except the underwear - Oxfam aren't fussy."

About 4 months ago , my bricklayers were giving me a lowdown on the local gossip . One was that a pub acquaintance had bought a posh new car , no doubt fuelling the debt boom . He is a roofer , has done occasional work for me but priced himself out of market . His men naturally wanted wage rise , which he refused , so they've left him . He's had to go back to hands on . His wife is a posh dolly bird , and when Lusardy and lynn meet , they fix bayonets whilst me and Rich go outside for cheroot . Anyway , Tim , head bricklayer says " I don't know why she pretends to be so posh , I remember her when she had holes in her knickers ."

Everything is tangible , at the right price .

Bruce , thank you .

https://en.wikipedia.org/wiki/List_of_Roman_taxes

It was only a few months back was watching a Roman episode on Yesterday channel , they mentioned 40% IHT . I suppose we need to be more critical of what we watch .

Snige,

The Romans had 40% inheritance tax and their Empire lasted 500 yrs . Our benchmark to follow .

When I read the book Andrew doesn't explain why JPM offered him $250M for his Steel Empire , making him at the time the wealthiest man in the world . Reading the "history of JPM bank " , it explains that Piedmont was financing 3 of Andrews main competitors , who could not compete with him on price . JPM , rather than take a mega loss , bought out Carnegie Steel , to maintain price parity .

Piedmont and Carnegie were amazing businessmen .To go forward successfully as a nation , we need more men like them.

"28p share price would put Lloyds on a market cap of about £18 Billion allowing for some staff issued shares."

Barc is only worth £25Bn , when 3 times overvalued , so I take it 28p is achievable in your eyes for Lloy !

"If there were 73B shares now the share price would currently be about 47.3p"

One has to conclude from the above statement , that once buybacks end , for whatever reason , the likelihood of 28p is enhanced .

Fellas, €1 well on way as forecasted . Invest in Pochin !

Quilp,

Will Lloy reach 28p in what's left of my lifetime ?

"*Lloyds fundamentals are still strong with an improving yeild aided by a reasonable buyback programme."

Lloy fundamentals are not sound , housing market over 20% overpriced , to which Lloy has greatest banking exposure .

Wids , Mega catch 22 situation .

10 yr notes high in demand , strenghening Dollar in a falling market , causing PM to fall .Illogical in extreme .

Every woman in the Conservative Party will vote for Boris , as far as they're concerned BJ is the best thing since sliced bread , he's in the process of getting divorced which means he's available to half the electorate . Boris exs seem to enjoy the limelight , looking upon themselves as part of British history . Some poor soul wrote some time back " better to have lost in love , than never loved at all " .

As long as Boris delivers Brexit , do we really care about his human fallibilities . Should he veer off on a tangent to normal logic , his advisers will confine him to #10 . We all know , the less Gov interference in Economy , the more it flourishes .

It's down to personal opinion if Mr Hunt has the necessary aggression to see Britains Best interests going forward .

Mrs N , would I be correct in assuming UTT took a chance on you ?

I can't understand why you keep bringing me up in discussion with Wids .

I can only surmise You see me as the purveyor of wisdom

Our base won't move till after Brexit . our CPI has risen to 2.9% in the last 8 yrs , yet no movement occurred on our base . The whole world is chasing Inflation , raising rates won't help .

I trust the above helps .