Lloyds Banking Share Discussion Threads

[sentimentrules] 17/8/2019 18:58

Unsecured consumer credit now just equal to September 2008 (after a decade of static wage growrh).

The list goes on. Disaster

Where is all this debt supplied from? Banks. And defaults are probably twice as likely now.

Credit card debt record highs. .

All this when people are technically much poorer than 2008

America much worse

[sentimentrules] 17/8/2019 18:41

You could walk in to some car shops in london, no job, no deposit and drive a new car home haha

[waldron] 17/8/2019 18:41

Alphorn
17 Aug '19 - 18:36 - 268599 of 268600
0 2 0
Going to have a beer - don't want to think what could happen with all that stuff floating around! ;))

edit: SR - Car financing etc could be a trigger to start the snowball?


cheers

just remind of the pubs name

the bulldog perhaps

i do not remember THE FISHERMAN

[sentimentrules] 17/8/2019 18:39

I think so

[alphorn] 17/8/2019 18:36

Going to have a beer - don't want to think what could happen with all that stuff floating around! ;))

edit: SR - Car financing etc could be a trigger to start the snowball?

[sentimentrules] 17/8/2019 18:30

Lippy a while ago Alphorn referred to a movie called the big short.

At the end it did a piece on unique opportunity tranches. 're subprime debt.

If you think mortgages were bad..now consider car financing, credit cards; and so on, packaged together.

Given global debt that Alphorn referred to, you can only imagine personal debt.

Subprime mortgages were a baby in comparison

Wages stagnated years. Won't catch up to cover rate hikes. Default central.

As for recession etc..assured. Quantitative Easing was that other part of the programme. Create a false market so recessions couldn't trigger the defaults. Tough job now

[maxk] 17/8/2019 18:29

Thats an awful lot of wonga Alp.

Any idea where it comes from in the first place?

[lippy4] 17/8/2019 18:25

what banks have done is allowed people to take out huge mortguage's when they did not earn enough so every down turn they lost their houses..

i knew of people being allowed loans in the past two huge rises in house prices which of course was the result of the last labour government reducing interest rates when they should have increased them which caused another huge rise in house rises which the labour mp's used to build their huge property portfolios.

labour created a hot economy with massive borrowing on top of the huge taxes they were raking in from banks especially and to keep this going they had to keep interest rates low..

we always had a chance for young people to get on the property ladder as property went up and then down with interest rates after the above it caused what we have today,a totally false house prices which are not good for any one except mp's maybe??

[alphorn] 17/8/2019 18:24

There is too much debt in the system. IMO it is foolish to think that the banking system would escape if it explodes.

The amount of global debt has reached 243 trillion USD. This is a record that exceeds three times the gross domestic product of the world. It’s a bomb with a clock mechanism that can destroy civilization. Of this total, 65 trillion is the state debt, which is almost one and a half times more than the amount during the crisis in 2009.

Tick tock.

[sentimentrules] 17/8/2019 18:18

First thing minerve got right in two decades

[minerve 2] 17/8/2019 18:17

You are a 'plod' sentiment.

[minerve 2] 17/8/2019 18:17

Too much capital in the system ATM. Converging on low and negative rate bond yields. I don't see big profits for Lloyds any time soon.

[sentimentrules] 17/8/2019 18:16

What good are big profits? Speculators have no interest in that. Need consistent expectation beating. Banks limited on that score. So no value investors. Income investors cant lift a stock. They don't churn it

[sentimentrules] 17/8/2019 18:15

Newbank I was looking for who did the rename and found it was me. Genuine error. Sorry lol

[utyinv] 17/8/2019 18:14

Newbank,
👍

[sentimentrules] 17/8/2019 18:12

Well you open up a can of worms.

Bank topic.. your assumption is that the masses are intelligent enough not to make financial errors.

Brexit topic: the mass are generally ignorant and don't know what brexit vote means. Stop brexit..

[newbank] 17/8/2019 18:12

Uty,

I did notice the miss spelling but just chose to ignore it.

Let's hope for a return to big Profits for Banks and its shareholders (only a matter of time IMO unless Corbyn brings on the end of Capitalism ).

[sentimentrules] 17/8/2019 17:10

Notice the share price 's each time banks loaned a bit easier since early 2016 leg relax rise ..

[sentimentrules] 17/8/2019 17:06

Subprime debt bombs.. tick tock

[careful] 17/8/2019 17:06

Lloyd apart from PPI are heavily into buy to let and car financing.

The trouble with banks, as we learned in the financial crisis, is that it only takes a small % of non performing loans to wipe out profit.