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[sr2day] 18/3/2020 09:26

stimulus package cannot fill the hole that this virus is causing to the economy.lock down must be costing the economy of all these countries billions.recession inevitable.fasten your seatbelt.

[m1k3y1] 18/3/2020 09:23

toon...I am talking about the financial stimulus ......
Sunak and BoJo are not committed or convincing enough.
They are trying to do it on the cheap , when everyone just wants them to help. regardless of whether it creates recession or not.

[smartie6] 18/3/2020 09:23

Paa65 is the grim reaper, he’s just after his death quota for the year in a month.

[toon1966] 18/3/2020 09:21

“Trumps leading the way...” yeah right!

[paa65] 18/3/2020 09:21

China haven't conquered Covid19.They've simply locked up anyone who MIGHT get it in Wuhan and Hubei.And they've been so successful in stopping it's spread that very few people have had it and developed immunity.With no reliable antibody tests to see what percentage of the population have had it (and are now immune) they are terrified to release the lockdown.And now the whole world is following China's lead. With the whole world having no exit plan for lockdown.The only way out of this is to let people get it and develop herd immunity.Harsh - but we all know that will work.

[smartie6] 18/3/2020 09:21

They’re just putting a package together imo to nationalise all airlines. Fly U.K.?

[smartie6] 18/3/2020 09:20

Most lenders offer 12 month repayment holidays on mortgages anyway.

[m1k3y1] 18/3/2020 09:16

looks like the markets are unimpressed with the Chancellors stimulus package.

The 3 month Mortgage extension, just increases your debt , as the interest is not frozen but compounded apparently.

I have to say that personally I was disappointed.
We need a Churchill moment and we have just got BoJo.
It pains me to say it but Trump is leading the way with this so far.

[snoopy12] 18/3/2020 08:58

I see this a Chinesse created problem. I think they will be the first to announce that they have conquered on covid 19 not before they start running their factories to 100 % capacity so that they are positioned to start dumping their goods around the world and Trump might have to lift the sanctions to start his own economy. Just a thought.

[smithys2019] 18/3/2020 08:56

BP looks like an amazing buy at the moment too.

[toon1966] 18/3/2020 08:48

I see Boeing is seeking $60 Billion in Federal aid, how the mighty have fallen!

[dround87] 18/3/2020 08:21

Yeah. I also think it's going to snap a lot faster than people think it will. Still aiming for under 5k today with my FTSE short though.

[smithys2019] 18/3/2020 08:06

My prediction is Italy will see a significant fall off in daily increase in cases over the next week. Once households with an infected family member spread the virus to all other members, there shouldn’t be any further growth if the lockdown works.

Hopefully that will show the world that there is light at the end of the tunnel for people going into lockdown, at least a sense of some control will return.

If not, this is going to get really really nasty.

Wondering if they will be looking at suspending Divvy. Be interested to see how the market takes that.

[dround87] 18/3/2020 07:19

Yeah maybe. I want to buy there and will have profits to do so. Placed leveraged short on FTSE100 rise last night. You see the financial news and think it'll be OK. Then you see the real news and remember everything is screwed! For the time being at least. This'll pass and you won't believe you could buy at 200p!

[sr2day] 18/3/2020 07:14

200 pence may be broken today.

[dround87] 18/3/2020 07:08

Epic crash in early hours. My guess is that the cat is dead.

[m1k3y1] 17/3/2020 19:25

The FT
France, Spain and UK unleash rescue packages to help companies

"In Spain, which has the second-highest number of coronavirus cases in Europe after Italy, Prime Minister Pedro Sánchez announced €100bn of loans and guarantees for companies in need of cash, as part of what he described as the “biggest mobilisation of resources in the country’s democratic history”.

[hamhamham1] 17/3/2020 17:59

If it becomes rife in Greece, can Greece chuck 300bn euros at it? No, coz there are several layers to the EU. And the last time Greece spent that kinda money it was loaned to them to repay the French and German banks their risky lost money on greek bonds. PMs and Presidents are grandstanding to their own public whilst doing a pishing competition with their neighbouring countries

[hamhamham1] 17/3/2020 17:54

It's every gov/country for themselves as I have seen, new EU chief trying to make out it's a single EU wide move but I don't see that with all the border shuttings.

[watfordhornet] 17/3/2020 17:54

It is the Spanish govn't we need to step up - is it not?

[smithys2019] 17/3/2020 17:52

If Walsh pulls it off, fair game. It’s his train set. Death before dishonour.

I’m going to milk it. Bought in again today. Another 6k in at 245. You can all listen to the emperor. Like 2008, I’m going to cream it.

[m1k3y1] 17/3/2020 17:51

Watford......it is every Governments responsibility, otherwise as you suggest, it will be an uncompetitive market.

No good Trump, Merkel, Macron doing it if UK GOV doesn't.
Let's see what tomorrow brings.

[watfordhornet] 17/3/2020 17:48

But is it the UK job to bail out IAG. I do not think so - surely there needs to consistent support across Europe otherwise you will have a uncompetitive playing field

[m1k3y1] 17/3/2020 17:42

I am afraid that you may be correct about Walsh Smithy.