RE: Too much doom and gloom4 Feb 2022 16:19
Also looking at BOE rate rise before credit crunch, you will see LLOY sp flowing up and down the rate rise, confirming the trend and logic behind investing in banks. Imv after 2009 QE and again more QE of recent thing have changed dramatically, people don't need to borrow anymore, price if goods have come way down most people are able to afford things, I mean I just booked 2 weeks in Tenerife half board, return fly and airport transfer included for £880, even low skilled worker, working hard can make this cash in a little more than a week.... People borrowing money are possibly unfortunate people in very very difficult circumstances these days, kind of people very likely to default6on debt.... imo QE and price destruption bua globalization have killed the credit market, indeed. Any banks best form of profit has been the investment side of busenes... Just my op