Barclays Share Discussion Threads

[jordaggy] 26/1/2021 20:32

The chief executive of Barclays (BARC.L) has said the world could see a “roaring 20s” of economic growth once the pandemic is brought under control.

“You could have quite a robust second half of this year,” Jes Staley said at an event on Tuesday.

Staley referenced the so-called “roaring 20s” that came after the Spanish flu of 1918 — years of robust expansion that followed the deadly pandemic.

The Barclays chief executive said a similar expansion could be fuelled by the large amount of savings built up by some businesses and households during the COVID-19 crisis. The household savings ratio in the UK increased by the most on record between the first and second quarter of 2020, while many large US businesses hoarded cash in the early stages of the pandemic.

“When you look at the balance sheet of a JP Morgan or a Barclays, there’s just an enormous stored up purchasing power,” Staley said.

Barclays CEO Jes Staley participates in the Yahoo Finance All Markets Summit at Union West on Thursday, Oct. 10, 2019, in New York. (Photo by Evan Agostini/Invision/AP)
Barclays CEO Jes Staley participates in the Yahoo Finance All Markets Summit at Union West on Thursday, Oct. 10, 2019, in New York. Photo: Evan Agostini/Invision/AP
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While some households and businesses have managed to accumulate large amounts of dry powder that could be spent when economies unlock, not everyone has faired so well. Corporate debt and unemployment levels have soared around the world over the last year, reflecting the struggles of hard hit sectors such as hospitality and aviation.

Staley said the pandemic was “very unequal in how… it’s hitting parts of the economy.” The biggest challenge was be to ensure “those that are being left behind for all sorts of structural reasons” are not passed over during the recovery, he said. Without targeted action, COVID-19 risks exacerbating existing inequalities.

Staley was cautious about predicting when exactly an economic rebound could take root, saying new variants of the virus and the effectiveness of vaccines were “big uncertainties that seem to be growing by the day.”

His comments came during a panel at the virtual Davos Agenda conference for world leaders.

[joestalin] 26/1/2021 20:29

31/12/2020 · Interim data published in the Lancet earlier this month gave the AstraZeneca-Oxford vaccine an overall efficacy of 70.4%

I do not know where you got 8% from.

[manics] 26/1/2021 19:51

GME nothing but gains.$83-$135 intra session.

[diku] 26/1/2021 17:36

Sometimes rather luck than judgement...continuous screen watching can be more depressing...

[manics] 26/1/2021 16:39

UT just beneath the cash close tonight. Not convinced after today myself, but let's see what comes.

[manics] 26/1/2021 15:45

diku: great trade on RR. You pretty much took every penny.

[johnwise] 26/1/2021 15:39

Biden Destroying Jobs & wealth creation

VIDEO

Former Shell Oil president reacts to Biden Keystone Pipeline uncertainty

[diku] 26/1/2021 15:01

Out 97p...looking at that FTSE intraday chart it looks very fickle...Barc price and sma 200 getting closer by the day...

[stonedyou] 26/1/2021 14:22

Investment Banking


Bankers fume at brutal bonus round: ‘We haven’t seen this for years’

'There are a lot of disappointed people as banks look to exercise some control on what would otherwise be a huge bonus pool'


Wall Street banks smashed records last year, but bonus allocation is driving a bitter split among staff —Spencer Platt/Getty Images
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By Paul Clarke
Tuesday January 26, 2021 1:37 pm




With Wall Street firms boasting their best performance in a decade, bankers are eager to get a bigger slice of the compensation pie. But this round of bonus decisions has for the first time in years split workers into a brutal battle.

The haves: Top performers whom bosses want to keep happy. The have-nots: Everyone else.

“Banks are using a...



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[stonedyou] 26/1/2021 14:18

Trump Creates ‘Office of the Former President’ to Advance US Interests, Carry on Trump Admin Agenda


Former President Donald Trump opened an “Office of the Former President” on Monday that seeks to advance the interests of the United States and carry on the agenda of his administration.

A statement from the office in Palm Beach County, Florida, reads, “Today, the 45th President of the United States, Donald J. Trump, formally opened the Office of the Former President.”

“The Office will be responsible for managing President Trump’s correspondence, public statements, appearances, and official activities to advance the interests of the United States and to carry on the agenda of the Trump Administration through advocacy, organizing, and public activism.

“President Trump will always and forever be a champion for the American People,” it said.

[manics] 26/1/2021 12:49

Very nice. I had 89.7p just went blue at +98p though I sold earlier.

[diku] 26/1/2021 12:39

RR. yes...88.30p...

[manics] 26/1/2021 11:46

The day belongs to you so far, forcemode.

My stop 144p, to bank 6p.

157p (JAN 7th) to 137p (yesterday), so not surprised to give a few pennies back at this stage. Break of 150p was the signal.

DOW has put on just under 1% on the futures since 7am...

[johnwise] 26/1/2021 11:43

Facts Matter with Roman Balmakov
Epoch Times
Video


.

[forcemode] 26/1/2021 11:23

DOW Futures turned +....

[manics] 26/1/2021 11:10

RR. delivered.forcemode: I can take a bit more pain than that!GL.

[forcemode] 26/1/2021 11:06

Hoping for a 14x finish today and have these shorters rushing to close!!!! :) GLA

[diku] 26/1/2021 09:58

Don't what others think but market and individual share price movement is getting very choppy now...

[johnwise] 26/1/2021 09:01

The Chinese Holocaust Update:

On Sept. 11, 2018, the Chinese regime took away my sister, Gulshan Abbas. On Christmas Day in 2020, more than 27 months later, we finally heard news that she was sentenced to 20 years in prison in a sham trial. Gulshan, a medical doctor, has most likely been pressed into forced labor as part of the Chinese regime’s prison system. And so, for the past two years, our entire family has been living in daily torment, constantly reminded that many of the household and clothing items, as well as shoes, that surround us may have been produced by my own sister’s enslavement.

[prbshares] 26/1/2021 09:00

Johnwise : not sure I could ever trust what is written in the Express . They crack me up every year when they print in October that we are heading for the deepest winter on record and then its wet and mild from Nov-March !

[johnwise] 26/1/2021 08:55

Coronavirus new strain: Two symptoms that are 'strong predictors' of a hospital visit


THE NEW strain of coronavirus first discovered in the UK has led to a sharp rise in hospital admissions since the beginning of January. Research is ongoing to understand the nature and severity of symptoms. An earlier study identified two symptoms that are 'strong predictors' of a hospital visit.