Member Info for TheFarEnd

We've had the US GDP numbers for the last two quarters -1.6% and - 0.9% but it's not a recession.
Apparently you now have to construct a composite index of recession indicators before you can call it a recession.
Indicators used to date include, business cycles (peaks and troughs), real (inflation-adjusted) personal income, nonfarm payroll employment, employment as measured by the Bureau of Labor Statistics household survey, real personal consumption expenditures, wholesale-retail sales adjusted for price changes and industrial production.
I don't know if all these other variables are accountable here in the UK. All I know is, if we have two quarters of negative GDP the media especially the leftwing brigade will certainly have a field day, headline news for weeks.
Unlike sleepy Joe's government, announcing two quarters of negatives, which passed almost unnoticed then afterwards issued a denial citing all these other recession indicators.
Wouldn't happen here, already Bailey's predictions of future inflation and possible recession are being shouted from the rooftops.

0.1%, anything to make a head grabbing article. I wonder if they collected all the data to get a negative result. I know it's central to government policy to support the housing market but surely this house price inflation is going to end in tears.
Nothing is forever.

"The average house price in the UK has dropped for the first time since June 2021.
The 0.1% drop means that property prices are down just £365 from June’s record high. Still, house prices remain more than £30,000 higher than this time last year, according to Halifax’s house price index.
Across the UK, the annual rate of price growth slowed to 11.8% in July, down from 12.5% in June."

https://uk.finance.yahoo.com/news/property-uk-house-prices-halifax-063253579.html

Still, house prices remain more than £30,000 higher than this time last year.

This rally appears to be faltering
Just saying.

Quarterly updates from Ofcom, they can't keep up with these changing prices.

All eyes on Bailey and his merry men today, he's up at midday.
I like a laugh reading the minutes.

Fender, I wish you luck with your restaurant venture.
My post was a supplement to the thread that was removed.
It was mainly about minimum wage employment and not directed at the service sector per se. However since the term restaurants and bars was mentioned it prompted my comments.
As to my experience in this field, directly it amounts to two weeks running a pub so the landlord could take a holiday. Around that time I was seriously contemplating buying a free house.
My indirect experience is quite substantial having spent and continue to spend a considerable amount of time 'this side of the jump.'
From my own experience I believe my comments were well founded watching wet sales only pub's converting to become so-called restaurant's.
I appreciate that at that time it was a necessity to survive, but the quality and level of food and service in many establishments has not improved and remains, IMO mediocre.
In the words of a former contributor to this BB, it is just my opinion.

Hackers targeted the Solana ecosystem early Wednesday with thousands of wallets affected in the latest hit to the cryptocurrency market after bridge protocol Nomad was attacked at the start of the week.
Estimates of the damage vary. Just over $5.2 million in cryptoassets have been stolen so far from more than 7,900 Solana wallets, according to blockchain forensics firm Elliptic. Security company PeckShield said four Solana wallet addresses drained approximately $8 million from victims.

“The root cause is still not clear,” Elliptic’s co-founder Tom Robinson said. “It appears to be due to a flaw in certain wallet software, rather than in the Solana blockchain itself.”

Much remains unknown at this point -- except that hardware wallets are not impacted funny that.
It's not that I understand all that jargon but how secure are our online accounts, seems we're all vulnerable?

Restaurants and bars, you gotta laugh.
The standard of food being pushed out in pubs masquerading as restaurant's is laughable, but not the costs.
That's not to say there aren't decent food outlets, but you have to be very selective. For most working in these inferior establishments only merits a minimum wage. With a high turnover and employees using the work as a stop gap to uni or other employment, the level of service can be abysmal.
The go-ahead ones don't stay long but enjoy and get higher tips which are usually pooled with the others.
At least in the US where a minimum tip of 10% - 15% is expected 20% being the norm it comes with excellent customer service. Something the UK is lacking in and not just food outlets, banks could learn a lot from US operations.

It's not a 'given' that the SP will retreat equal to the size of the dividend.
Just saying.

"If you don't like taxes, go live in a forest"
Alternatively if you do like taxes, vote for a leftwing tax and spend government. They know how to spend your money and we all know how that ends up. Unfortunately the Gen Z and misguided Millennials who have been or are being indoctrinated in lefty fallacies are either too young, too thick or conveniently have short memories.
The policy's you are advocating machiismo are well trodden throughout so-called democratic countries and each and every one has ended in disaster even diaspora for their own electorate.
You will have first hand knowledge of this if your hero Sturgeon gets her way, but never fear us English have an excellent record of welcoming refugees even Scottish one traveling south!
You know socialism doesn't work so why are you promoting it.

Chuckle brother alert!!!
It's no good chipping away at the edges Gazzleberry.
You'll have to sit this one out, you've filtered everyone remember.

Football is not coming home (sadly).
2-1 Skier she even took her shirt off lol.
The anti English pro European Mick-b must be bitterly disappointed.

Don't know why you're asking for advice Dan, 4 posts and you've sussed Gazzleberry already, there's nothing wrong with your judgement lol.

"Placed forum closes temporarily
Now we are developing the next generation forum service"

"Work is now starting to rebuild Placera's forum service. The ambition is to create a more transparent and user-friendly platform for everyone who loves to discuss stocks.

Placera's forum is temporarily closed during the work.
We regret that the forum is closing at short notice and we understand that many are disappointed by the decision. We are now working to create a new - and significantly better - forum."

What is Avanza Bank's version of temporary? Hope their customer service is better than their press releases.
Is there anything in Sweden that exceeds expectations with timelines? Let's face it BEM investors know all about promises and delays. :-))

I only mentioned Avanza forum because some are bemoaning the lack of newsflow from Budge. Although not official it's just another outlet for investors to voice their opinions as not everyone is on Facebook.

Previously the lse BB has just seemed like an extension of Avanza during times of extended 'no news' periods.
Just saying.

Or maybe with the schools on holiday the MS buyback team are taking theirs.

It's about time Avanza bank got its forum 'place' up and running by now. Does anyone over there know how it's going?

As of Jan 1st this year Germany had 63 operational coal power plants.
Their green/zero emissions target's went out the window with the discontinuation of nuclear.
They've probably got a few more that are operational.

Divi or no divi the SP has reached my sell price of 90p+.....again. so I've taken more profit, average was 45.64p.
ATM, I'm happy to take a dividend from my reduced holding or buy them back on a retrace, GL all.

Transmission Protection Instrument (TPI)
Yet another acronym from the ECB, but it amounts to the same as previous ones. It's an admission that the EU is unworkable and will be until a federal Europe is established.

The ECB said the TPI could be activated to counter
"unwarranted, disorderly market dynamics that pose a serious threat to the transmission of monetary policy across the euro area"
"The scale of TPI purchases depends on the severity of the risks facing policy transmission."

In other words we will support the southern distressed countries otherwise the whole EU will be at risk.
Throw more money at it and hope they don't upset Germany.

What a shambles and to think some here want to rejoin.
You should be eternally thankful that the UK voted to leave.
Note that's the UK as a whole not Scotland on its own.

All eyes on the ECB this afternoon as they try and play catch-up. At least the gas is flowing albeit at a reduced rate, that's the good news the bad news is in one word..... Italy.But no worries the convicted criminal that is Lagarde has it covered.No real change on the FTSE opening today, as in no real direction.

Can't resist this last post. Your old muckers back on the scene machiismo..... To me to you, to me to you.
See ya.