Barclays Share Discussion Threads

[covid 19 deal] 23/3/2023 11:11

Which bank going into wall next

[zaxarobal] 23/3/2023 10:57

Powell to markets: "We're not cutting rates this year." Markets to Powell: "Yes you are."

[johnwise] 23/3/2023 10:43

An alarming increase in rough sleepers in my home town


The charities, which included Shelter and Generation Rent, said it was ‘outrageous’ that housing benefits remain frozen at levels set in 2020

The Chancellor has been accused of “ignoring the housing emergency” after his latest Budget contained little support for private renters and people facing homelessness.

In an open letter to Jeremy Hunt and Rishi Sunak, shared with i, a group of national housing organisations said the Budget contained no measures “to support the millions of struggling private renters who are grappling with rapidly rising rents in the cost-of-living crisis”.

[t-trader] 23/3/2023 10:35

Think FTSE will at least retest October lows this year, not much to be cheerful about right now.

Rising interest rates
High inflation still
Bank turmoil
Tightening credit

Think the market got way ahead of itself when FTSE hit 8k, UK is undervalued but more pain to come before things get better IMO.

[covid 19 deal] 23/3/2023 10:34

Sub 100p on its way...frc getting broken..barclays too much into yellow stuff

[manics] 23/3/2023 10:30

Is the FTSE about to drill to 7k? Really?

[johnwise] 23/3/2023 09:56

Homeless Crisis

Landlord tax hike loses Treasury £1.5bn: NRLA

Private rented sector tax changes have cost the Treasury £1.5bn in lost revenue and helped propel the lack of homes for tenants, according to a report by the National Residential Landlords AssociatioCuts in UK mortgage interest tax relief mean there are 1.2 million fewer properties in the sector than there otherwise could have been, says the study carried out by research group Capital Economics.

The landlord’s body says Chancellor Jeremy Hunt must review “this misguided tax hike” at a time when tenants face an acute shortage of homes for rent .

[diku] 23/3/2023 09:42

NWG now much higher in market cap than Barc...Barc has just fallen away...that activist investor who wanted a BOD seat to bring in change was denied...he was right all along...if shareholder value is not realized during boom years and not during bust years then when?...why is it regularly trading 50% discount to TNAV...

[diku] 23/3/2023 09:29

Xongkudu...post 21748...yes..same with builders...get a builder to quote a job....you get 2 prices...one with VAT and one without VAT cash in hand price...and the usual punchline materials everything going up...what the builder doesn't say is he wants to milk the money...

[covid 19 deal] 23/3/2023 09:27

Barclay....too much into ponzy scheme.. ..credit Suisse junk bonds of billion with Barclays

[xongkudu] 23/3/2023 09:14

Most of our price rises are opportunistic. Let’s do it because we can mentality. My wood delivery guy increased his prices by 30% and when I asked why he muttered something under his breath about the petrol price whilst looking at his shoes. The reality is he shoved them up because he could and probably also thought to himself ‘my monthly bills are higher so I need to increase my prices…’ It becomes a vicious circle. Nothing to do with underlying cost of wood etc Certainly not 30%. We are very bad at perpetuating inflation in the UK. Some would say we’re a bunch of greedy opportunist bar stewards. I’d have to agree.

[diku] 23/3/2023 08:37

Supermarkets are milking inflation situation by hiking prices up...knowing customers got accustomed to paying higher prices...

[johnwise] 23/3/2023 08:06

VIDEO

Is the bank system sound? - - Robert Kiyosaki, Andy Schectman

The Rich Dad Channel

[johnwise] 23/3/2023 07:57

VIDEO

'Inflation' author Steve Forbes and 'Breitbart Business Digest' co-author John Carney respond to recent banking failures on 'Kudlow.'

The Fed is throwing out guarantees like confetti: Steve Forbes

"Do you see the banking crisis is over"?

[spoole5] 23/3/2023 07:53

Completely agree, interest rates are a blunt instrument at the best of times, and certainly don't do much to combat supply side inflation, apart from wreck the economy and put a strain on the banks which consequently cost billions to bail out.

[dope007] 23/3/2023 07:31

Which will fall as input costs fall. But again it was not excess demand created inflation. The central banks are just criminal in the way they have acted since 2008

[jordaggy] 23/3/2023 07:11

Food inflation has doubled in the UK.

[hellscream] 23/3/2023 05:01

should be a 0.5% increase, we are not the same as america, people are forgetting inflation in the U.S are 6.04%. ours near 11%.

behind the curve as always.

[jubberjim] 22/3/2023 21:02

A Vasectomy might be cheaper and more eco friendly

[johnwise] 22/3/2023 20:57

"God Help America whilst people like this are in charge"...

At today's Senate Finance Committee hearing, Sen. Ron Johnson (R-WI) questioned Treasury Sec. Janet Yellen about inflation.

You Don't Know That Off The Top Of Your Head?': Ron Johnson Hammers Janet Yellen With Questions
VIDEO

[tradejunkie2] 22/3/2023 20:40

Put them for adoption problem solved.

[zaxarobal] 22/3/2023 19:46

Raising interest rates is expensive, but have you tried raising kids?

[johnwise] 22/3/2023 18:48

The Telegraph

Bank of England’s mad gamble has not paid off

Years of cheap money have turned supposedly safe assets into toxic waste

It’s been a tough couple of weeks for the Bank of England, whose mandate to ensure financial stability is coming under strain. The blow up of Silicon Valley Bank sent shockwaves across the industry, exposing weaknesses in the global banking system.

Soon after Palo Alto's favourite bank went down, it was followed by trouble in Signature and First Republic – and all this culminated in the buyout-bailout of Credit Suisse by UBS and the Swiss government.

At the same time, the war on inflation in Britain is not going to plan. Despite falling consistently since October when it peaked at 11.1pc, the latest data show it rising in February to 10.4pc from the 10.1pc we saw in January – substantially higher than the forecast number of 9.9pc. This suggests that the Bank will find it hard to retreat from its commitment to interest rate hikes.

Yet the banking failures are showing cracks in the Bank of England’s dual mandate. On the one hand, it must protect price stability, on the other, financial stability. But the banking failures we are seeing are a direct result of the interest rate hikes that are being undertaken to stabilise prices.