Lloyds Banking Share Discussion Threads

[bbalanjones] 23/4/2020 10:48

5xy: Figures never lie: Liars figure.

[bbalanjones] 23/4/2020 10:45

ps ; after 9/11 WMD became any plane you could hijack.

[bbalanjones] 23/4/2020 10:40

KB : Those of us who, like Churhill, thought that a unified Europe was a necessary and good thing to aim for.

[kenbachelor] 23/4/2020 10:36

Minerve - Just so that the rest of us understand what you're saying 'who is we'?

[mikemichael2] 23/4/2020 10:31

I think Alex has rattled Minerve, he's gone into meltdown even before his afternoon drinking session!!!

[poikka] 23/4/2020 10:22

Christ, thankfully I've got Minnie on filter.

Things are starting to pick up, folks: 2 building companies, at least, are resuming ops, shortly, and should never have stopped, and B&Q are reopening 61 stores.

[minerve 2] 23/4/2020 10:14

Don't shed a tear for COVID Tory death.

[xxxxxy] 23/4/2020 10:07

349.Actually it is Chinese Virus. Get over it.

[minerve 2] 23/4/2020 10:07

The will of the virus.

[minerve 2] 23/4/2020 10:07

Just wait until the second wave hits.

[bargainbob] 23/4/2020 10:02

Diku how low will it go ?

[minerve 2] 23/4/2020 10:01

alex

Can you put links to your dodgy facts.


Thanks. :)

[pistonbroke1] 23/4/2020 09:33

So Coronavirus is going to be the next excuse to screw the banks. A search of companies house shows companies being set up in reddiness to make missold claims down the line.
Coronavirus Claims Ltd
Coronavirus Refunds Ltd
Coronavirus Compensation Ltd

There will be lots more.

Banks aren't allowed to ask for personal guarentees under this goverment 80 / 20 scheme so whats to stop companies just winding up and starting a new phoenix company once they have had the money.
Going to be a tough few years in this sector!!

[diku] 23/4/2020 09:22

Kiss goodbye to 30p and lower lows coming?...

[aljm] 23/4/2020 08:49

Sounds like the US already has one,

[pal44] 23/4/2020 08:46

K38 one year and we will have the vaccine..

[bargainbob] 23/4/2020 07:59

K38

Write off the next 12 months here .
But assuming dividends get restored to at least 3 p , within 10 years you get the Dire Straits scenario .

Money for nothing and your shares for free.

[xxxxxy] 23/4/2020 07:12

Ways to damage the economyBy JOHNREDWOOD | Published: APRIL 23, 2020Yesterday I published a study of the damage done to the UK economy by the boom and bust policies of past decades. It was part of a series of papers commissioned by the Centre for Policy Studies and published on Capx. It will  be followed by a web based event next Wednesday at 5pm. I looked at the Oil and Secondary banking crash of 1974, the Exchange Rate Mechanism boom and bust of 1989-92,  and the Great Recession and banking crash of 2005-9. In each case the Bank of England allowed easy money and credit to excess, then reined it in too quickly, causing a damaging downturn and creating massive instability in the financial system.I contrasted these big errors of the Bank with the more supportive policy of the new Governor, working closely with the government and so far keeping things liquid enough to avoid a financial and banking meltdown. I made my case that there is no such thing as an independent Central Bank serving  a single country. All Central Banks are state owned and answerable to those who run the government. They can appear to be independent for a bit if there is political agreement about their task and their performance, but as soon as a major policy issue or disagreement about economic policy arrives action will be taken to make the Bank supportive of government.Today the damage to the main  economies of the wrold  is the direct result of government policy to control the virus. The role of the Central Banks is to ensure the recessions brought on by lock downs do not turn into a financial crash as well. So far a hyperactive Fed and accommodating Central Banks elsewhere show they are  determined to  avoid a crash. They are also showing they wish to co-operate with their governments, seeing monetary and fiscal policy as important and complementary mechanisms.