Member Info for TheFarEnd

Composite PMI down.

Manufacturing PMI down.

Services PMI down.

All under 50, particularly manufacturing which is on the floor.

The trend continues.

Yesterday the IMF cut the UK’s growth forecast by a substantial 0.5% before Reeves heads to D.C. today for a summit hosted by the institution.

Starmer the atheist is off to Rome. Can't get out quick enough on another jolly. Only to mingle with his so-called mates, not to pay his respects, he's a hypocrite.

More guesstimates.

Public sector borrowing excluding banks is £151.9 billion in the year to March – the OBR’s prediction of last month was £137.3 billion for the 2024/5 financial year. At the budget it only forecast £127.5 billion of borrowing.

Oh look there's a trend there and it's going the wrong way. It's called tax and spend.

March borrowing is £16.4 billion, £2.8 billion higher than last year and the third highest on record. The budget deficit is £12.6 billion higher than last year’s twelve month period and £13.9 billion higher than the OBR’s forecast. Net debt is at 95.8% which “remains at levels last seen in the early 1960s.” When growth was about 3%.

OBR's forecasts, I prefer guesstimates, what's the difference?

It may be Trump Vs Powell over there but we have Starmer Vs Bailey.

With UK rates expected to decrease, you can hear the growing crescendo emanating from no 10 already. How they laid the foundations and as a consequence mortgage rates are going down (even though inflation is expected to rise). Expect a flurry of ministers being wheeled out to tell the great unwashed how better off they are, but people aren't so easily fooled these days, or are they? There's a lot of Dumbo's about.

Breached $3500 today, new record high $3509.06

and we're ****ed.

happy holidays.

Major stock exchanges on Wall Street traded deep in the red territory on Monday after an extended Easter weekend, as United States President Donald Trump's remarks remained at the center of attention. Previously, Trump mentioned that he wasn't satisfied with Federal Reserve Chair Jerome Powell's work, adding that the latter would leave his post if he asked. Tariff concerns also lingered”

You do spout a load of $hite on here loopy. You've obviously been brainwashed by the carp you read and it's getting more and more repetitive.

The sad thing is that you believe it.

“I'll stick with the experts” 🤣

"Why the hell are minorities dictating everything in this country?"

We have to get used to it.

After all, the government were elected on just 30% of the vote, it's our system.

“there is far too much of this woke nonsense these days!

stp / dcb

your leader believes that 0.1% of women have a *****.

with approximately 4.01 billion women worldwide that's over 4 million. and a good percentage reside in the uk. he's top of his game is starmer, where does he get his info? probably from his supporters on the lse lloyds bb. 😀

"Twice now the figures have backed Chancellor Reeves."

Give it up dumbo, you've lost the argument and your credibility is shot.

Starmer supported Corbyn and everything he stood for, that tells you all you want to know about that pratt. And everyone who voted labour. We know who you are. Hehe

Reeves says inflation fall shows ‘plan for change is working.

Guess where, yup the guardian and the poor sops not only believe it they're lapping it up.

“Yes it was Gordon Brown that sold a percentage of our gold reserves to invest elsewhere.”

Care to enlighten the BB where he invested it loopy.

And how does it measure up against gold returns today?

“Gordon Brown had the global banking crisis to contend with. 'The great recession'. Take note of the word 'global'.”

You obviously don't believe

that COVID was global Loopy, probably all the fault of the conservatives.

“Before COVID, debt under the Conservatives had steadily increased despite promises of austerity and fiscal responsibility. By 2019, UK public sector net debt had risen to over 80% of GDP, up from around 65% in 2010.”

Maybe, but we've already established (percentage wise) that during the years of Gordon Brown's tenure, the increase in only 3 years was significantly higher. It's all relevant.

“On the subject of Labour screwing the poorest in society i agree, they are screwing the poorest in society and we do very much need radical change.”

But I voted for them anyway. My preferred option would have been Corbyn. He's my real hero.

"Should we have closer ties to the USA or rejoin the EU."

We've had the vote on the EU loopy or did you miss it? We are now free to pursue free trade agreements with anyone without seeking the EU's permission. Btw, we already have a free trade agreement with the EU.

For the benefit of the government's leader the supreme court will shortly define what a woman is ♀️

This should assist Starmer if he gets any more questions on this subject, but I doubt it somehow.

No responsibilities have been delegated to Deputy PM Angela Rayner and normal “arrangements are in place” involving no temporary cession of responsibility to Ange. Not that she has an office or staff which could take over…

In previous cases the DPM would just work in No 10 while the boss was on a foreign beach. Keir locked the door on his way out.

Labour PMs have form when it comes to delegation of powers during a holiday. Tony Blair, for example, handed powers to John Prescott in 1998 and Gordon Brown to Harriet Harman in 2009. Not so much faith in the DPM this time round.

Starmer's faith in the depth of talent on offer in the labour party knows no bounds. But we know they're all a bunch of divs.

Meanwhile back in the real world...

In the absence of a Government with a spine, the unions are making all the running.

When socialists can’t even nationalise things competently, something is going badly wrong.

Labour MPs tweeting about how proud they were to be working on a Saturday. Now they've all gone on holiday to get over it.

Citi downgrades US equities, upgrades Japan, UK….

U.S. equities to Neutral from Overweight, reflecting the current uncertainty in the macroeconomic outlook, elevated valuations, and mounting earnings downgrade pressures.

Japan,

As part of its regional reallocation, Citi upgraded Japan to Overweight, pointing to more attractive valuations and a reduced risk of U.S. trade conflict.

U.K. equities were also upgraded to Overweight as well, with Citi citing “cheap valuations” as a result of the government's inability to generate growth.

The present government only represented the support of 30% of the population but that was 10 months ago. Considerably less now their lack of any coherent policy strategies have been exposed.

The next United Kingdom general election is scheduled to be held no later than Wednesday 15 August 2029. The countdown has already begun and that date is embedded on the calendar of serious investors.