Member Info for Nash2020

Onlyif

Austerity was too little and too late. We need to reform our welfare system as it is too easy to access and too many loopholes for people to manipulate.

A few years ago a reputed professor was stating how he lost his 25 year old daughter once she went into the DWP to claim an Income support. The daughter was told in the DWP offices how she could obtain various benefits including a house without working. This led to her being a couch potato and not wanting to work at all as the benefits amount was quiet higher than any potential employment income.

Pippa

'You won't get anywhere with monetary policy - the only way to change the economy for the better is to shift a few million people from the cities into more rural areas where they can become productive again, quarrying, making things, and generally working a 35 hour weeks and enjoying their free-time to the fullest extent.'

I fully agree with the above that we should stop London Centric infrastructure developments and give incentives to businesses to relocate.

It's also high time a Land reforms Act is passed especially towards Lease agreements which is a proxy to being a cash cow for the rich people.

We are not going to solve housing issue by converting green belts or by building new block of flats. What we need is adjust demand & supply by relocating businesses.

Thought for the day if I may is that 'We don't make land anymore'.

Aspharger

How is it that the 28.80 gap is still unfilled? (52 wk Range27.12 - 73.66)

Stroller

Under current circumstances if you believe that there won't be any unexpected write downs, than yes we can hope for the capital to be preserved for future payments.However, in my opinion there is a 25% chance of expecting a dividend before 2022.

Last time the government bought the shares during three stages of the financial crisis at an average price of 73.6p a share. The Govt might reconsider to recapitalize the banks by purchasing direct equity. This is being considered globally as the next step to keep the stock markets up under the negative rate settings.

The only silver lining I can see is some take over bid due to BREXIT and current low share price taking us back to 60 p. This will give us more returns than the potential dividend.

Share valuation is one of the most important questions when investing in shares: How much are they worth? Overpaying for shares is a key risk for long-term investors. What you pay can play a big part in what you get back in investment returns. Pay too much and you can end up with a very poor investment. Buying a share for less than it is worth can deliver handsome gains. Valuing shares is far from an exact science, but armed with some knowledge it is possible to make better and more profitable investment decisions.

In my opinion there is better value elsewhere in the market than Lloyds and one should look into this share once below 25p.

Asperger

Based on LSE daily tech chart

20th-21st Dec 11 - 23.8
22nd-26th May 20 - 28.8
27th-28th May 20 - 32.0 closed today

Does this mean we will be heading to 23.8 at some point in near future as SP did go below 28.8?

In my opinion the markets are manipulated by index re-balancing and by huge buying in high market capitalised stocks.

Globally the Central Bankers as well as the politicians are used to creating stimulus packages to just salvage the current situation and by doing so they are creating huge weakness in the basic economic structure. They are not at fault as other than in textbooks none of us has actually gone through a deflation cycle. COVID 19 has forced upon the world economy a deflation cycle.

There is no switch on/off button to convert deflation into inflation by creating money through QE. If it was than Japan would not have been struggling since 1980. A high velocity of money combined with liquidity creates inflation.

The QE and the Furlong schemes are ensuring liquidity in the market however they are not addressing the insolvency.

If a business does not have at least 6 months of their normal expenses in cash reserves than they are going to fold down irrespective of how much business loans or Furlong schemes is provided for survival.

Therefore, it's a cache 22 situation should the govt support businesses which will not survive or allow them to scale down or close down?

Dart

Very true the below analysis

https://www.ii.co.uk/analysis-commentary/chart-week-barclays-and-lloyds-bank-shares-ii511794

In my opinion if the US elections are cancelled and President Trump is allowed to continue for another 4 years than the market propping exercise will cease. This will bring some realistic valuations to the market.

Velocity of money which is at present almost zero or below dictates whether we head towards inflation or deflation. Based on this all the share valuations seem unrealistic and will have to come down.

In simple words BOE might give cheap money to Banks by reducing interest rates or through schemes however the bank cannot make money if there are no takers of this money.

It seems another green day tomorrow as SP closed almost to the top of the range at 32p.

Massive selling pressure at 32P is sending SP lower.

Good to see some reduction in losses as almost 13% up in 2 days. I don't see any changes in fundamentals so seems it's going up based on technical charts. Will it reach at least 33 plus tomorrow or a good sell today afternoon?

Later on today US spacecraft launch will keep the markets up unless massive sanctions are announced against China.

Mick

If it's indian company why are we giving visas to chinese workers? Apologies for asking but a bit confused.

Mick

Is'nt Tata Steel an Indian based company?

Trojan

This is precisely why I said a simple sorry might have put the things to rest. It would have saved us from again becoming a laughing stock in Europe as well as worldwide.

There is also no smoke without fire. He can keep on denying the facts until the cows come home.

- You don't go driving if you are unwell risking yourself, family and other road users
- If you cared for your child you would not risk traveling in a confined space such as a car when you are showing some form of illness

It is like this if a Financial adviser accets any gifts from his clients he can be charged under anti-bribery/money laundering act,etc However, it was okay for Theresa May to bribe Northern Ireland by giving grants to get their MP votes in the parliament.

' The agreement stated that votes related to any other matters in the Commons will be agreed on a case-by-case basis, overseen by a coordination committee made up of both parties. The DUP secured an extra £1 billion of funding for Northern Ireland, with the money focused on health, infrastructure and education budgets.'

Troajan

The least he could have said was

' I am sorry for any inconvenience caused by my actions however in my opinion none of the rules were broken as interpreted by me'

In my opinion negative interest rates and a no deal Brexit will boost domestic banks like Lloyds more than some other banks.

The global economy re-balancing needs a weaker Japanese Yen and Euro against the USD.

Hong Kong dollar will have to leave the US dollar peg and repeg with Chinese Yuan which would lead to USD weakening against the HK$.

Negative interest rates does'nt mean that we will get paid to use our credit cards or get refund on our Mortgage payments. These negative rates only impact the money markets from where the banks purchase funds for lending. Therefore, the Banks profitabilty will increase drastically with negative interest rates.

South Korean cafe hires robot barista to help with social distancing

https://uk.reuters.com/article/uk-health-coronavirus-southkorea-robots/south-korean-cafe-hires-robot-barista-to-help-with-social-distancing-idUKKBN2310T3

Seems Posts removed between 1400 & 2000 PM

https://www.gold-eagle.com/article/gold-price-forecast-twice-century-signal-says-depression-ahead

Dart

Very true, a triple top on S&P500 but doesn't seem like it will retest previous lows when the US elections are round the corner.