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[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.

[smithys2019] 17/3/2020 17:40

Watford, I guess someone set the cat amongst the pigeons. My guess is IAG will sue for compensation if virgin bailed out. He has his foot on their throat and a knife ready to cut. He will cut crew, staff, all discretionary to achieve. By the end of this, he will be able to take on contracts below cost. Seen the state Boeing is in at the moment? I’m glad he stayed on. Utterly ruthless and wants his dues in terms of share price prior to retirement date. He is going to gut the weak.

[sr2day] 17/3/2020 17:39

ASk yourself this question?where is all the money coming from? At the end of the day if there is no economic activity the cake that needs to be shared around is getting smaller.austerity round the corner i am afraid.the world will be a lot poorer due to this virus and the longer we take to deal with it the poorer we shall get.

[m1k3y1] 17/3/2020 17:37

I listened to his briefing and he said he would fully support US airlines because it was not their fault.
quote "“We don’t want airlines going out of business. We don’t people losing their jobs,” the president said"

Hopefully more detailed information to come from UK GOV regarding airlines and airports.
Non committal at the moment with Chancellor saying 'potential support package for airports and airlines'.

[hamhamham1] 17/3/2020 17:35

Yesterday: Tests, tests, tests.
Today: loans, loans, loans.

[watfordhornet] 17/3/2020 17:33

I didn't hear a Trump give details. I just heard that they would make sure they will survive and prosper.If that is case that is similar to UK at this moment

[m1k3y1] 17/3/2020 17:26

Meanwhile Trump offers US airlines complete support. as have Merkel and Macron if I am not mistaken.

[watfordhornet] 17/3/2020 17:23

They said would be agreed over next couple of days. I doubt they mean a few pennies so right to take time to get it right