Member Info for Savage_KeyboardR

Aus3009 - interesting take there Aus because I'm literally saying the very opposite.

You seem a very confused fellow Aus3009 - perhaps you should have gone to specsavers?

My frank and honest opinion is:

BoE's decision to hold rates and then put out clear comms stating words to the effect of 'we must purge the nation of inflation' are very telling of the next MPC decision being another likely 'hold'...

Given USA made a large cut and ECB has made two small cuts already I'm expecting BoE to yet again fall behind the curve being too slow to cut, just as it was too slow to raise rates a fair while ago.

I think this is really going to hurt demand. UK consumers are currently paying prices which are too high, they're taking too long to come down but when they finally do so they're going to drop through the floor and the BoE will struggle to get a grip of the drop.

That's my honest take.

AbjectPerformer - I do not reckon you'll achieve much more than 152p and although perhaps in time I could be proven wrong, from looking at the data currently available it's my opinion we'll soon be seeing a sharp downward correction landing.

Seeking asylum and migrating are not crimes. There's no such thing as 'illegal migration' (despite the Daily Heil and Führer Farage peddling myths as such).

There will always be criminals amongst any given population and where criminals happen to have been migrants it does not mean they are criminal because of them having migrated. Criminals are simply criminals, the two terms should not be conflated.

Anyway, as for BT... The US markets look to be losing their recent shine and I anticipate this will pull the FTSE downwards a fraction from the spillover.

Decent price - better than SP I sold off my holdings for too! Nice work!

Erik9Haggy - the free breakfasts for children is a policy which makes 100% sense... ensuring that state support goes directly into children's nutrition, bypasses paying & relying on parents to spend the cash on their children. Also efficiency of scale (kitchens cooking up many meals) ensures minimal waste too... the whole policy completely makes sense.

Erik9Haggy again making wild assumptions that every single migrant who comes to live in UK is desperately poor cause he sees a few pics of dinghies.

So dinghy arrivals make up about 40k ppl annually, a tiny drop in the ocean as the UK has 68million population... majority of migrants legally come here to work for an array of businesses and for public services and they all pay their taxes just like you do Erik9Haggy...

Your assumptions that migrants don't pay their way are based on the small numbers who need the humanitarian support but these don't make up the majority. Yet you put them all in the same classification because you don't fully understand economics and that the country let's many migrants in to live here because they contribute to the economy, often they pay in much more than they ever take out...

But hey let's not let economic facts get in the way of your bigoted views on migrants 🤷‍♂️

AimMaster2018 - a short time ago you were calling £1.10 along with the UBS forecast and it's not that I don't see long term value with BT, it's just the move by the BoE to hold rates for September and the next upcoming November decision looks a likely hold too well.. those holds are going to slow down the UK economy and they're going to drag equities downwards too.

Expatwelsh - Because migrants far too frequently get pigeon holed / classified / labelled and placed into a box, by those whom are judgemental who make false assumptions they'll always be a net drain and will never be capable of paying their way...

As for BT - It looks to be hitting resistance and it should be the case gaps will be forming around the £1.20-£1.35p range. Enjoy these moments above £1.50p as I don't think there's sufficient buying volumes and momentum to keep prices up at these levels or higher for long.

Erik9Haggy - that's the thing, you make the assumption that everyone except those born and bred here are a 'net drain on finite resources' - Which simply is not the case because you've made an assumption which is not correct.

The reason Rishi was content to see Migration figures soar is that is the very thing that propped up economic figures... without the migration growth would have fallen into negative territory.

Expatwelsh - Yes, classification is a helpful tool for research and analysis in academia - but it certainly has its limitations too and becomes a particular issue when those using the data are completely unaware/ignorant of such limitations and they go on to proceed with applying a rigid rule which can never succeed...e.g. the concept of 'net zero migration' - if that were to come into being as a policy it would cause such mayhem + damage that later down the line the policy would be jettisoned as a completely failed policy.

Given Farage has fanned the migration flames for near on 20yrs I don't expect him to stop now, it may calm down but no signs of Farage going quietly! It's so interesting he comes and go's all over the world as he pleases and has multiple passports plus millions in the bank yet the working classes have been completely tricked into supporting him...

I suppose it's the case it's far easier to fool someone, than it is to help them realise they have been fooled!

Erik9Haggy here is clearly content with living on precisely the same plot of land they were born on, for an entire lifetime, never to move and experience either different places or different people/food/culture/arts... for infinitesimally small minded they be.

Expatwelsh - It's my observation those who make attempts to 'pigeon hole' or 'classify' people into types (e.g. traders, non-traders) tend to be of the 'judgemental' personality types, whom view those conceptual things as being either 'square' or 'round'... the main issue with that being it's usually the case neither is a perfect square or a perfect circle.

Typically the same trend can be applied for the migrants vs expats vs asylum seekers vs natives debate...

Though surely it's also the case that someone is a migrant if they move from Scotland to England, for a new job & life?

or

Should we all eternally live on precisely the same plot of land we were born on, for our entire lives, and never ever move from the day we're born until the day we die?

The migration debate/obsession is all just a bit ridiculous. In a decade, once Keir has calmed that debate right down, we'll all look back on the era this migration debate dominated politics/economics with a very different lens.

Expatwelsh - whether I am a trader or not depends on how purist such definition is applied...

I am just an everyday working person - I have some cash to make trades on the stock market but I'm a very small fish in a very big ocean full of many larger species than I!

Some stocks I've bought and held for a short time, some I've bought and held for over a year... Does that make me a trader? 🤷- Who knows? I suppose it really depends on your own subjective definition 🤔

Expatwelsh - There's many different ways to make money on the stock market and I'm simply sharing my view that the approach of 'pick a good company and stick at it' - is not what would have been most profitable for me and there's many other investors out there who make very good money from trading and constantly moving into and out of many different stocks.

I have not been abusive towards you and I have not shut down your alternative view either. I've simply stated that in my opinion it's rubbish because money can be made in other ways and more money at that too.

Erik9Haggy - Those stats make the assumption of there being no replacement measures for those on the lowest incomes when there's no way Labour will do that. Labour will ensure the poorest receive an uplift to compensate them from the removal of the WFP.

Expatwelsh - absolute rubbish, those who make the big money profits will always be content to encourage the rest of Joe Public to stick with a stock and hold it for a long time lol!

If you instead observe the dealings made by those whom are very wealthy you'll find they constantly buy and sell different equities and make monster profits from doing so.

I've only been investing since Dec 2022 but I've made far more dosh trading several stocks than I would ever have done had I bought into just a few stocks and held the same lots throughout all that time.

Far too much fuss has been made over the withdrawal of the WFP's. Clawing back the Winter Fuel Payments is a good move. For far too long wealthy multi-millionaire pensioners have been in receipt of these payments, every single winter. Many of them don't need the money and are so rich they'll never spend all the cash they've hoarded up for themselves! Good riddance to an awful policy!

Yes, a new method to hand out payments to those who need it should be brought forwards and I'm sure Labour will do exactly that.

Sir Keir will still be PM in 2033! Many more Christmases' inside No.10 he has!

On this day the BoE will yet again hold rates at 5%, directly off the back from a tax raising budget... The result will be equities taking a punishing hit...

IMO a stock market correction is imminent as these elevated rates begin to take their toll (house sales volumes are low, unsold stock is accumulating and attempts to talk the market up are not working). In the months ahead many will begin seeing the early signals of inflation undershooting the target 2% rate and it'll quickly become clear that yet again the BoE has been caught behind the curve!