Member Info for ScandiExpat

Sain,
Thanks for your commentary!
Do you have any views/comments on how UK REITs may be impacted by the new budget and the Government's overall fiscal strategy?

I agree. Productivity in the UK is now lower than even in France. Western Europe is de-industrialising fast with production moving to China and elsewhere. Perpetually higher taxes and regulation in combination with suicidal energy policies and unlimited illegal unskilled immigration is killing the continent. Now Biden is doing the same to America. Run fast.

Which Trump's legendary tax cuts showed. Low and middle income tax payers received the biggest tax cut and high earners paid more in tax . All leading to real wage increases for low income groups and record employment for blacks, browns, uneducated and women. Minimised illegal immigration. Growth and share prices accelerated. There is no reason the UK (or Europe) cannot do the same. BUT fake narratives and dishonesty in politics and media prevents it.

ESG and DEI are both scams to avoid being held accountable for financial and qualitative performance i.e. building long term share holder value. LBG is a great example of that. "Political commissars" running around playing bankers with spreadsheets about things that do not matter for the bottom line... I was there for 5 years. It was unbearable. They could not care less about the share price or the customers for that matter. Just look at Lloyds Share price and market shares (retail, SME and mid market) the last decade. Flat at best.

Isn t Osborn now advising Hunt? Does that not mean they are going for pensions again?

Energy (net zero regulation limiting supply), lockdowns (less production of good & services) plus government spending via printing/borrowing (more inflationary money supply), war (printing more & buying weapons) and too low interest rates.
All enhanced because EU & North America did the same. Add then China zero covid reducing production of goods.
A toxic incompetent mess created by the present morons in Western Governments and the UN/IMF/WHO.
Here in Switzerland October CPI was 3% and core was 1.8%. Government budget surplus expected for 2022 & 2023.
Low tax, small government, legal immigration, private healthcare, 35 % debt 2 GDP.
There is no reason the rest of the west could not do the same but....

I know both Hann-Ju and Paul well having worked there and they are good people. BUT the issue is really how will the Government tackle inflation to stabilise the ship. They are not transforming energy supply in the short term. They are not cutting taxes. The energy price cap is inflationary... But will they de-regulate business and cut other Government spending?? The problem is that by saying no to energy supply measure and tax cuts they have limited room to fight inflation so interest rates must rise dramatically.

I am in at 313 so it's hurting. Awful timing. I only did half of my allocation rules for this segment due to the emerging market profile so not too bad but clearly did not properly assess the Asia macro risks. These risks are only increasing in my view....

Indeed. It is remarkable how successful cancelations of tax cuts and fracking has been to calm things down.
Both of which would have helped to grow the economy, reduce inflation and ultimately pay down the debt....
Almost like a UN/IMF/WEF magical wand has been waved...

Many thanks for this!

While I hold it for same reason as you I feel it has become a more risky bet given the region, the strong dollar and higher interest rates. I am not bailing, just complaining...

I've got both and HFEL feels seriously risky now given Asia tension, the strong dollar and higher interest rates.

How didn't you know this?

Most Western Governments have lost control and the UK is presently leading the race to the bottom.

Its a very tough time to go bottom fishing right now but I agree RLE may be a very good candidate in this sector.

I had the same thought...

Lloyds has an extremely UK centred strategy designed by Horta. That may have made sense in the clean-up phase. But when the UK faces political and economic crises perceived to be larger than the rest of the West, the SP will be hit more than other more diversified banks. One can only hope the opposite is also true....

As an ex employee I do agree with Mat78 but at the moment there are more existential macro issues driving the SP.

Many of my investments, for some reason, show similar characteristics but no-other has such a vast discount between mark 2 market and share price.

The disgraced IPCC is now, after 24 years of ridiculous weather forecasts, so confident in their "science" that they have to work with Silicon Valley to shut down anybody who present scientific or factual challenges. Similarly NOAA are so confident in their projections that, after Biden's inauguration, they deleted most of the historic climate history so they could manipulate the graphs (while firing a bunch of real scientists who rejected their scientific fraud).
Like the war in Eastern Europe, the famine in Sri Lanka and the annual death of hundreds of thousands of people in poor countries who are forced not to use natural resources to generate clean water, using modern medical equipment and grow foods like the dutch, these people are a menace to humanity and should be defunded asap.

If someone here can find a properly free market capitalist country to invest in, please let me know.....