Lloyds Banking Share Discussion Threads

[xxxxxy] 12/1/2020 09:09

Mr Carney's speechBy JOHNREDWOOD | Published: JANUARY 12, 2020This week the outgoing Governor of the Bank of England gave a speech which was read as dovish and temporarily drove the pound down. He set out how despite low interest rates the Bank could if necessary ease money policy more. He did not encompass all of the ways in which the Bank could ease but was right about the possibility and the general magnitude of flexibility left in the system.There were two glaring omissions from the speech. There was no detailed examination of the worldwide Central Bank moves to ease over the last few months, as practically every other Central Bank has joined the necessary move to stop the global slowdown and stimulate growth. China has lowered commercial bank capital requirements and brought forward local authority borrowing. The Fed has cut interest rates three times and pumped money in at the short end. The ECB has resumed Quantitative easing. Brazil, Turkey, Australia, New Zealand, India and many others have cut rates. The UK has done nothing and has ignored the slowdown.The second is he did not refer to the substantial tightening the Bank has carried out . Contrary to the global trend the Bank has just doubled the countercyclical buffers restricting commercial bank lending. Its words and actions have until Mr Carney spoke this week helped boost the pound, in itself a monetary tightening.I ask why the Governor did not comment openly on these moves and explain the different path the UK has taken. I think he should seek to justify the tough policy being followed and tell us how this affects growth. He should understand and explain the FPC and MPC interactions and the significance of balance sheet moves by both the Central bank and the commercial banks to money conditions and to economic growth. It looks as if the Bank has yet again misjudged the situation. He talks too much about  alleged Brexit impacts and not enough about the global and domestic policy influences on price and output which are dominant as elsewhere in the world

[grahamite2] 12/1/2020 08:56

What SW1 needs is not more drivel about ‘identity’ and ‘diversity’ from Oxbridge humanities graduates but more genuine cognitive diversity.



Not just SW1 but W1A and many others.

[maxk] 11/1/2020 22:20

Re: #289350


Spot on!

[xxxxxy] 11/1/2020 22:15

AnonymousPosted January 11, 2020 at 10:20 am | PermalinkIf it is true that we have an ageing population then there will come a time when the old die off in a relatively short period and there is a glut of empty property. No need to build over the countryside.I suspect the truth is different and that we have a *growing* population full stop. Fed by *uncontrolled* immigration.In that case the old are not to blame and inequality is never going to be addressed if we keep on importing poor people.Remember. Leftists need permanent crisis in order for them to be relevant. The last thing they want to see is a Tory government create a settled, healthy and wealthy population. They don't want a satisfied one either, which is why they create new victim groups all the time.Reply?Martyn GPosted January 11, 2020 at 4:24 pm | PermalinkYour last para is interesting. I think that in so many things these days – including the operations of the global warming army – it could all stem from Lenin who, in October 1917, observed that "terror is the instrument of social hygiene". We all know what happened after that and it might it not still very apt in todays' world?

[xxxxxy] 11/1/2020 22:10

Brexit LIVE: US to work 'day and night' to secure trade deal with UK, confirms Trump envoyhtTps://www.express.co.uk/news/politics/1227035/Brexit-news-us-trade-deal-boris-johnson-donald-trump-eu-latest-update

[alphorn] 11/1/2020 22:04

jacko - yes, saw GM's documentary. Interesting person.

Transit No3 was at the Dagenham marketing museum when I was there last. I think that it had a turbo charged motor installed instead of the F1 Cosworth. Looked crazy! Great marketing.

[gotnorolex] 11/1/2020 21:50

Iran plane crash: UK ambassador arrested during protests in Tehran

[jacko07] 11/1/2020 19:55

Alp..I love the Ford Transit van, they were very good to my bottom line back in the day.

Did you see Guy Martin's documentary?

[mikemichael2] 11/1/2020 19:40

Third party fire and theft?

[alphorn] 11/1/2020 18:46

mm2 - the more sensible answer is to buy a Ford Transit for all those plumbing tools. One of the 'Super Van' series. I have seen these in Dagenham, Nos 1 and 2 have disappeared - here is No 3 at Goodwood:

[patientcapital] 11/1/2020 18:16

Maxk, they conveniently overlook the fact that London is the World's banker. Whether or not aligned the EU's corporations will still come cap in hand to London's capital markets. Centuries of success doesn't get derailed by a handful of over inflated stuffed shirts in Bruxelles.

[mr.elbee] 11/1/2020 17:57

May be more pronounced than before...now the people in Iran want rid of the Ayatollah. If that doesnt drive markets skywards I dont know what will!

[mr.elbee] 11/1/2020 17:35

I have a passat it cost 500 pounds it is LPG totally environmentally friendly 60 mpg equivalent..


12 grand?

What a complete and utter waste of money.

[diku] 11/1/2020 17:34

What about Audis?...EU guys prefer Audis....

[mikemichael2] 11/1/2020 17:34

Thanks Jacko.

[alphorn] 11/1/2020 17:33

Range Rover - brings a big smile; all repairs are forgiven! (Until the next ones).

[bargainbob] 11/1/2020 17:24

Worth waiting for , thanks jacko.

[jacko07] 11/1/2020 15:14

MikeMichael2..Sell your Honda Jazz privately through Autotrader or a Honda specialist trader.

If you have a contact in the trade where you won't have to pay silly private buyer's premium, go to one of the many weekly Lease Car sale at BCA Blackbushe or the nearest to you, I would say, forget a Seat Leon, go for a BMW or Merc. Lloyds Leasing sell their cars through BCA, so do many other large leasing companies. Company lease cars are well maintained!

There are 100's of vehicles, buy one with a AA report with a reasonable mileage, 12 to 15 grand will get you a decent car.

IMO of reliability and all round value, the BMW 3 series is a great car, that is just my opinion.

I have a 2015 Range Rover and it has been a pain that I am soon to rid myself of!

[grahamite2] 11/1/2020 15:05

PatientCapital 11 Jan '20 - 13:02 - 289329 of 289339
0 2 0
Heinz, Bob, but don’t buy the no added sugar blue fronted tin. Revolting.

Generally true of these dieting products. Low fat mayonnaise, for example. You're better off sticking with the standard product and eating less of it.

[jacko07] 11/1/2020 14:58

What astounds me now is over 25 years later Major and Heseltine instead of acknowledging their incompetence and withdrawing from public life have the gall to tell 17.4 million that they got it wrong.
------------------------------------------------------------------------

Totally agree Cheshire, how Major became PM was by fluke, he was a snide, like Blair pandered to Europe, but Major was voted in to keep Heseltine out, neither were PM material.

The best man for PM was Norman Tebbitt, he was Thatcher's natural successor, but never stood a chance agisnt the 'Wets' led by Major and Hezza.

Norman Tebbitt was the best PM we never had. How different it might have been if Tebbitt had got the job. We would have had a referendum years ago and now be the number one economy in Europe.

[bargainbob] 11/1/2020 14:52

To be fair the only person i would not have a pint with on this board is Stoned You :-)

[maxk] 11/1/2020 14:37

Here we go, full on trade war with our €uropean "friends"




Brexit deal: EU may threaten 'to block' City's access to its markets

Croatia’s prime minister, Andrej Plenković, hinted at move to ensure level playing field


Daniel Boffey in Zagreb

Sat 11 Jan 2020 12.53 GMT



The EU will be unashamedly “political” and block the City of London’s access to European markets if Boris Johnson tries to exempt the UK from its laws.

Croatia’s prime minister, Andrej Plenković, whose country is taking over the presidency of the EU, made the bloc’s intentions clear after the prime minister insisted the UK would not be aligned to the bloc’s regulations.

Asked whether the EU would use its power to switch off the City’s ability to serve European clients to gain leverage in the coming negotiations with Britain, Plenković said: “I wouldn’t go into the vocabulary of weapons but what I have learned in international and European negotiations [is] that all arguments and considerations are treated as political.”



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