Member Info for john46

Re :Arizona , are you stalking Engelberg Humpadick ?

I take it , you're feeling Insecure again , and need team approval .

Keep averaging down !

Didn't post on here 4 yrs ago , I hadn't attained enlightenment then !

Keep averaging down .

See you at 28p

@ Weyland . China might have the largest standing Army , but they're worthless . In 1975 Ho Chi Minh knew the Chinese were going to double cross him so he stationed 250k soldiers on his border with China . When the Chinese duly invaded Vietnam , not one Chinese captured a Vietnamese slit trench .

45 yrs on , now the Vietnamese are taking manufacturing production from Greater China , how the great fall from grace .history always repeats itself !

Persimmon's Boss is the first casualty in Britains housing bubble /ponzy scheme orchestrated by our supposedly enlightened Gov , distorting free market forces and forcing our children into unacceptable levels of debt , just like Japan in 80's and 90's , and now China and US . Persimmons boss bonus of £75M , incentivised by their BOD , didn't anticipate the distorting influences of Gov influence , to which Lloy is now highly exposed !!! Inflation will mitigate medium term exposure , but those having purchased in last 2 yrs will have negative equity to contend with very soon .

There's a reason why Lloy isn't capitalised enough , the powers that be , know what's coming . Hence buybacks V dividends .

Your perception of Integrity is slightly flawed !
At the '15 election Cameron told us should we vote Tory , we will have a Referendum on EU . Which we duly did a yr later .
T Blair told us there Were WMD in Iraq , it took 179 of our bravest to prove him wrong plus 1M Iraqis . Now try and place personalities in perspective .

https://www.bloomberg.com/news/articles/2018-11-02/brexit-bulletin-what-no-deal-does-to-your-mortgage?srnd=premium-europe

"If ever there was an example of the shear incompetence of our economic leaders , this is it :-

Bank of England Governor Mark Carney had a stark warning yesterday on what a no-deal Brexit could mean: a rare, once-in-a-generation supply-side shock that would push up inflation and warrant higher interest rates.

Carney said it was hard to find comparable situations in major advanced economies; he mentioned the oil shock of the 1970s, which sent wages spiraling as output shrank, Lucy Meakin and David Goodman report. The only recent examples of central banks lifting rates while the economy tanked come from emerging markets such as Turkey or Argentina."

BOE dropped base rate following Ref to maintain liquidity in system , whilst Sterling was dropping , which helped maintain our competitive advantage in exports . Now they want to take away this trading edge , when implementing the will of the people . G Brown was a fool to relinquish political accountability on our base rate .As for Carney attempting to compare us to Argentina , or even Turkey , he's served his purpose . Average person on the street could do the same job for a fraction of the money.

With Trump's bull run over , it's now a question of what beta FTSE has to the DOW

"For market professionals, the most significant thing that happened in early October was a flip in investor psychology. The correlation between stock prices and interest rates, as measured over the prior 52 weeks, turned from positive to negative—so higher rates implied lower stock prices. That’s happened only four times since 1989, and it’s a bad signal for stocks, says James Paulsen, chief investment strategist for Leuthold Group in Minneapolis. Two of the four times were followed by a bear market in stocks, and one was followed by a pair of back-to-back smaller declines, he says.
Paulsen agrees with Meyer that interest rates aren’t chokingly high. But, he says, “it’s not about the rate level. What’s important is when the mindset of Wall Street changes.” Evidence that inflation is finally picking up may explain Wall Street’s new thinking, says Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. Now that inflation has reached the Fed’s 2 percent target, even stock investors who were previously focused on improved earnings begin to worry about consumer price increases. They fear the Fed will react to high inflation by jacking up rates faster. Says Gina Martin Adams, chief equity strategist for Bloomberg Intelligence: “There’s something pretty fundamental that’s started to weigh on the outlook for stocks, and it seems to be related to inflation.”

https://www.bloomberg.com/news/articles/2018-10-18/are-jumpy-u-s-equities-hiding-a-nasty-surprise?srnd=new-economy-forum

Lloy HQ in Edinburgh.

Seen Lady 3 times at Murrayfield .

https://m.youtube.com/watch?v=T2T5_seDNZE

Well worth 9 mins out of your lives !

90's Aberdeen asset management relived .

"China’s well-known for companies buying each other’s shares to appear viable. It’s also known for local governments borrowing heavily from shadow banks in order for party officials to look as if they’re performing real well.

Now of course, if Beijing keeps on presenting all those growth numbers that look so solid, it’s asking for it. Moreover, the Party has lost control over the shadow banks, and it couldn’t act to regain that control if it wanted. It could initiate a program to forgive debt owed to national banks, but what’s owed to the shadows will have to be paid. We’re talking many trillions.

The Party has let the shadows in, because it made its own debt numbers look so much better. But when this whole debt balloon, on which so much of the GDP growth has rested, and the roads to nowhere and empty apartment blocks and cities, starts to pop, who are the Chinese going to turn to? For that matter, who is Xi going to turn to?

Yes, much of the western wealth has turned into a mirage, but in that respect, too, China has done what we did in a fraction of the time. Trump’s tariffs may play a role in a slowdown, but wait until the western economies deflate their debt bubbles and stop buying much of China’s products.

Bubbles vs balloons, that seems a proper way to phrase this. And for better or for worse, Jerome Powell is hiking interest rates. There’s your Needles and Pins."

http://www.marketoracle.co.uk/Article63378.html

Our Mick used to be the Link King , posting hundreds of links to which I am eternally grateful . I did get the impression he didn't read the content of the information he posted , otherwise he might have been able to make better deductions about his investments .

http://www.uhy.com/western-european-economies-saddled-with-tax-burden-40-higher-than-the-global-average/

UK tax burden lower than all EU countries , except Spain, Poland, Estonia and Ireland . The latter all net recipients of UK taxpayer funds , no wonder they can keep their tax burden below ours and don't want us to leave EU.

Unbelievable , 90's Japan all over again .

“There’s a liquidity crisis in the stock market, and pledged shares are again starting to sound the alarm,” said Yang Hai, analyst at Kaiyuan Securities. [..] The fear is that if Beijing does nothing, the self-reinforcing liquidation is only set to get worse: with $603 billion of shares pledged as collateral for loans – or 11% of China’s market capitalization, – traders are increasingly concerned that forced sellers will tip the market into a downward spiral.

[..] China in June told brokerages to seek approval before selling large chunks of stock that have been pledged as collateral for loans, while the top financial regulator in August warned the industry that it’s closely watching corporate stock pledges. Neither of those warnings appears to have generated the desired outcome, and the result is that two-thirds of Shenzhen Composite stocks are now at 52-week lows or worse.


[..] what are investors to do in this time of panicked selling? Why demand more bailouts of course, like begging the National Team to step in and rescue them (just like in the housing market): “If there are no real policies to cure the array of problems and ailments in our market, no one will be willing to take the risk,” said Hai. “Authorities keep saying that there is room for more polices, but where are they?”

“It’s high time the state stepped in,” said Dong Baozhen, a fund manager at Beijing Tonglingshengtai Asset Management. “The national funds cannot just sit on the sidelines and watch this atmosphere of extreme pessimism.”

It’s this clamoring for the state to come to the rescue of people who are losing money that would appear to define China today, where there is a stock market and housing market, and many ‘investors’ making lots of money, but where the mentality still seems to lurk back to days of old whenever things don’t only go up in a straight line.

There was another report recently of people demonstrating outside a property developer’s office because the firm had lowered purchase prices by 30%. Those that had paid full price now stood to lose that 30%. This happens frequently, and it can get violent. Mom and pop are not in stocks, they are in real estate:"

http://www.marketoracle.co.uk/Article63378.html

Help to buy , distorting free market forces , overpricing assets , is bound to cause similar despair in due course.

Hi bud ! Back from Tenerife 2 nights ago . Eldest came for a week and we climbed a couple of mountains together , in the process both caught chest infections . First born went to Docs in U.K. To be told it was viral and needs to sweat it out , I went to Doc in Tnf and was prescribed Amoxicin . I thought there was meant to be standardisation in processes in the EU . Other than Lusardy being kept awake by her boys coughing , I'm still alive . Thanks for asking !!

Everything goes full circle , bidets will become fashionable again .

Long Armitage Shanks !

"The first thing I thought when I saw that was: how on earth is it possible that in an economy that’s supposedly been growing 6%+ for a decade, stocks have gone nowhere at all? And obviously the role of the Shanghai index is different from that of the S&P, the DAX or the FTSE, but at the alleged Chinese growth rate, the economy would have almost doubled in size in 10 years. And none of that is reflected in stocks?"

http://www.marketoracle.co.uk/Article63378.html

Lloy is not impervious to what happens 12 hrs previously

Barc has dropped its LTV criteria to 60% from 66% . Getting ready for next asset crash.

"Chinese equities have already lost $3 trillion in market value since January, and hopes for better days ahead are fading.

Anyone counting on a breather in this year’s final stretch got slapped with another 7.9 percent drop for the Shanghai Composite Index so far in October. That sets the gauge up for one of its worst annual performances ever, behind a 65 percent meltdown at the height of the global financial crisis in 2008, and nearing the 22 percent slumps seen in 2011 and 1994. China ranks among the world’s worst places to own shares in 2018."

https://www.bloomberg.com/news/articles/2018-10-26/here-are-the-reasons-china-s-equity-rout-is-getting-even-worse

Contagion spreading !

Re : G Osborne , for every £1 increment in taxes , I want £4 in public sector savings . It stands against everything the EU preach , yet they love him .

In his first speech as Chancellor he dropped the long term State burden by 19% , following seconds later reminding the world Labour wished to drop the same burden by 21% . What a salesman !!