Lloyds Banking Share Discussion Threads

[stonedyou] 12/6/2020 07:36

Cher M. Barnier - that's not for you to decide Matey


Tim Worstall


"This is a fundamental misunderstanding of why markets exist"



Michel Barnier, the European Union’s chief negotiator on matters Brexit, has declared that Britain should not remain the wholesale financial market for Europe after that Brexit:

London should lose its status as a European centre for financial and legal services after Brexit, Michel Barnier has said.

This is a fundamental misunderstanding of why markets exist, who determines that they do and the role of politicians in where they are.

As you can see the statement is that an unelected bureaucrat should decide where people transact. Or, to give a slightly less objectionable reading, that those doing the ruling should decide upon who may transact where. Which isn’t in fact how these things do work.

Markets arise where the people doing the transacting desire them to be. The reason the wholesale financial markets are in London is some mixture of historical happenstance, clustering, the use of the Common Law as the basis of commercial practice, language and however many other things you want to point at. Rulers shouting that it shouldn’t be so won’t have much effect on that.

[grahamite2] 11/6/2020 23:48

A comprehensive list of all the Presidents who have ever resigned:

Richard Nixon

[stonedyou] 11/6/2020 23:15

Q: How will Brexit affect prices overall?



A: "The moment we leave the EU, and leave the CAP and the customs union, prices

fall on Day One by 8% and in the long run after that works its way through the

economy. This is the case even though we assume that over the next decade EU

protection would have fallen gradually to half its current level. It’s still 8%

because it lowers prices in the non-traded sector."

[danmart2] 11/6/2020 22:55

Hi buywell, I can’t see a major 2nd wave

Do agree stimulus in USA has done nothing other than devalue the dollar, pass trillions over to the 1% at the top of the tree and increased China’s dominance.

[grahamite2] 11/6/2020 22:42

Gecko...diku makes goldfinger look like an expert on American politics!

What chance Trump will step down indeed! About as ludicrous an idea as we've ever seen here.

[cheshire pete] 11/6/2020 22:22

Trump wasn't going to win the last election...he had no chance, remember. The next election will be the same, their left wing media will put the boot in, just like ours, to do their best to make sure he doesn't get re-elected...except, just like last time, he'll win.

[chinahere] 11/6/2020 21:36

Yes, we'd be fools to compromise. No Deal is the best way I reckon.

[cheshire pete] 11/6/2020 21:24

k38 "Having your headquarters in UK comes with big benefits.....
London is the heart of Europe !"

Spot on k38....why else do Germany want to buy the London Stock Exchange and take control of our Financial Services Industry....like fishing, agriculture, our laws and the rest. No surrender.

[sikhthetech] 11/6/2020 21:21

posted this 4 days ago....

UK GDP figures out tomorrow as well


sikhthetech - 07 Jun 2020 - 20:41:45 - 306666 of 307073 Black Beauty: A Recovering Quadruped - LLOY
I think we'll see new lows...


There's lots of red flags which could impact stock markets/economy...

UK Covid deaths over 40k, still high infections per week, R number still near 1...
Recent rioting/demonstrations likely to lead to surge in new infections.. incubation period is 2 weeks, so it'll be a fortnight before we know..

US Covid deaths over 120k...

Economy supported by Furloughing, which will end over the next 6 months. Millions could be out of work. Possibly 3m out of work

US unemployment figure may yet surge if there's a 2nd lockdown..

Possible no deal brexit..

Mortgage payment holidays taken by around 2m people... Those payment holidays due to come to an end..

Trump - US Presidential Election later this year - uncertainty over who will win...

US-China - Trade wars... likely to impact any recovery.

China-Taiwan tension - increased military presence nr Taiwan is likely to result in increased US military presence in the area.

China-HK tension - likely to damage HK economy..

China-India tension - increased military presence on border between India and China, 2 nuclear powers...

Boris' dithering over Covid19. Likely to result in loss of confidence in Govn plans and increasingly people ignoring any future lockdown.

Dubai-India-China property market on the edge... If Dubai/Indian/Chinese property market collapses then this could ripple out...

[cheshire pete] 11/6/2020 21:19

Fairbairn is a remainer is she not...no surprise at her gloomy outlook then.

[k38] 11/6/2020 21:15

That's nothing ..we've seen worse.

[arjun] 11/6/2020 21:15

Evening all,So how far does this head down now? Support ? what a difference a few days make last week 37+ looking to push for 40 now?......tomorrow looks badSwitch of PC, and do some gardening

[mitchy] 11/6/2020 21:13

DOW 1800 DOWN !

[maxk] 11/6/2020 21:03

DOW 1800 down .. what happened to the speed bumps?

[smartie6] 11/6/2020 20:26

Ftse futures down 120. Sheeeeeeet.
American banks down 10%. Sheeeeeeet.
Hold on to your hats tomorrow.

[mikemichael2] 11/6/2020 20:21

Leave the computer off tomorrow guys, it's going to be nasty.