Lloyds Banking Share Discussion Threads

[minerve 2] 12/6/2020 10:00

Alphorn

Yes, it is getting out of hand. No democracy, just masses of virtue signalling by craven idiots who haven't go the courage to stand up for balance.

[geckotheglorious] 12/6/2020 09:59

Nixon, of course , was forced to resign over Watergate.

I'd listen to Diku over Goldfinger any day of the week frankly.

[minerve 2] 12/6/2020 09:59

Well guess which countries are not coping very well with the pandemic: the UK and the US.

Bonehead governments as chosen by the boneheads.

Vote for clowns get a circus. And oh boy, have we got a circus!

But it isn't over folks, the Big Top hasn't arrived yet.

LOL!

[xxxxxy] 12/6/2020 09:58

Paul Lewis12 Jun 2020 7:20AMYet more BBC remainer anti brexit propaganda, Wake up the recorded deaths in April were 5500 more than in 2019. And i am quite sure the May figures will be something similar, so where are the 50,000 extra deaths registered? This is an exercise in the removal of Boris and his government by warner and the left wing levies. THE TRUTH LIES IN THE RECORDED DEATHS. THEY CANT BE MANIPULATED.

[alphorn] 12/6/2020 09:58

I read that a Fawlty Towers episode is now being pulled for its German references. Are these organisations now being run by nutters?

[xxxxxy] 12/6/2020 09:57

Peter Evans12 Jun 2020 7:18AMFully agree with the points made in the article.  I would like to add that there is no way the country will obey a second period of lockdown if the mythical second wave arrives. The bubble has burst and it is now time for  politicians to to grasp the nettle and remove all the artificial restrictions on commerce, schools and the general public with the sole exception of the small minority who must remain sheltered due to their personal vulnerability to the virus.To do otherwise is simply to amplify the "ship of fools" narrative and heap yet more ridicule on this government 

[xxxxxy] 12/6/2020 09:56

Barney Reichman12 Jun 2020 7:51AMLets have a look at what the government has achieved so far,Control of the police given to mob rule.Control of the schools to the unionsControl of the epidemic to scientists who haven't a clueControl of the economy to god.Wow pretty impressive 

[danmart2] 12/6/2020 09:56

As crazy as the fiat currency world is, 3.5 trillion dollars is a drop in the ocean for China compared with the opportunity the USA economic decline will have.
This is China’s time.
Maybe worth holding a few Quid in Yuan?

China bank is the only bank in the uk that will let you have a Yuan account and it’s 0% interest so unless you think the YuanS decade of Intentional devaluation is over, maybe not the best option

[maxk] 12/6/2020 09:02

Nigel Farage dropped from LBC talk show after Black Lives Matter slur

'Nigel Farage's contract with LBC is up very shortly and, following discussions with him, Nigel is stepping down,' says spokesman



By
Anita Singh
and
Gordon Rayner,
POLITICAL EDITOR
11 June 2020 • 3:11pm







Nigel Farage has lost his LBC radio show after comparing the Black Lives Matter movement to the Taliban.

The station announced that Farage was stepping down with immediate effect.

Officially, LBC gave no reasons for his departure. But insiders claimed there had been pressure from staff and fellow presenters who were furious about his comments.

One said there had been long-standing unhappiness over Farage being employed by the station, but the Taliban comment was “the final straw”.

After the statue of Edward Colston was toppled in Bristol, Farage tweeted: “A new form of the Taliban was born in the UK today. Unless we get moral leadership quickly our cities won’t be worth living in.”

In an appearance on ITV’s Good Morning Britain two days later, the former UKIP leader said: “The slogan Black Lives Matter and wanting to end injustice and inequality is a laudable aim. The organisation Black Lives Matter is a Far Left Marxist organisation whose chief aim is to defund and close down police forces so that we would live under anarchy.”

Making the announcement, LBC said: “Nigel Farage’s contract with LBC is up very shortly and, following discussions with him, Nigel is stepping down from LBC with immediate effect.

“We thank Nigel for the enormous contribution he has made to LBC and wish him well.”

However, a friend of Mr Farage said : “He is the third-highest paid presenter on the station because he attracts such big audiences and advertising revenue, so this is not about him being surplus to requirements.

“I think we all know what this is about. There are people who want to take him down just because they disagree with him.”

James O’Brien, a fellow LBC presenter, made no secret of his delight at the news. “We got our station back,” he tweeted, before sarcastically sending Farage his “thoughts and prayers”.

Farage was hired to present his own talk show in 2017. At the time, LBC said he would “bring his inside knowledge, experience and grasp of world politics at a pivotal time in our history”.

The station previously employed Katie Hopkins, another controversial commentator, who found fame as a candidate on The Apprentice and went on to write columns appealing to the Far Right.

She lost her job with LBC after calling for a “final solution” after the Manchester Arena bombing.

[scruff1] 12/6/2020 08:56

Mitchy you're at it again.
Worse than expected (bu whom) maybe but it can hardly be a surprise. Probably more to come. Will they be a surprise too? Chin up old boy you keep waking up without feeling wood (MDF) :-)

[smartie6] 12/6/2020 08:47

Maybe start up a china version of monopoly using usd.

[mikemichael2] 12/6/2020 08:38

China holds 3.5 trillion dollars, what they going to do with that?

[hhhold2] 12/6/2020 08:34

The printing of dollars, not sure that has strengthened China?

they are doing everything they can to unload USA dept at the moment,

will any sanctions get imposed by many nations on China for the free Covid?

[cheshire pete] 12/6/2020 08:13

Thank goodness Freddie that we have the Guardian to keep us fully informed of how bad things are. Will enjoy my toast all the more.

[buywell3] 12/6/2020 08:06

Expect worldwide cases to hit 14M by the end of the first week of August , Africa plus India and Latin America together with a suge in the USA now underway will swamp most Hospital Services. Airline travel will do the rest along with cruise ships in spreading the news.


================= Trump has an election to win in November ====================

Can't see him leaving the FED alone re not printing more paper

But what is he going to do when Coronavirus wave number two adds to wave number one and a tsunami wave of Covid-19 cases swamps the 1,000,000 Hospital beds that the USA has ?

USA bed gridlock will be reached within weeks as near to 1M Covid-19 patients have not yet been discharged according to the stats.


Approx 100,000 beds are ICU

It comes down to this

Will the USA carry out Lockdown Mk2 ?

[vauch] 12/6/2020 07:57

Id hang on as this will spike down then it may be an opportunity 28p

[freddie01] 12/6/2020 07:56

Britain's GDP falls 20.4% in April as economy is paralysed by lockdown

[steve4003] 12/6/2020 07:56

To buy or not to buy, that is the question. is it going to bounce or fall of the trampoline. twitchy finger time.

[buywell3] 12/6/2020 07:55

================= Trump has an election to win in November ====================

Can't see him leaving the FED alone re not printing more paper

But what is he going to do when Coronavirus wave number two adds to wave number one and a tsunami wave of Covid-19 cases swamps the 1,000,000 Hospital beds that the USA has ?

USA bed gridlock will be reached within weeks as near to 1M Covid-19 patients have not yet been discharged according to the stats.


Approx 100,000 beds are ICU

It comes down to this

Will the USA carry out Lockdown Mk2 ?

[mitchy] 12/6/2020 07:53

GDP figures worse than expected.

[xxxxxy] 12/6/2020 07:45

Central banks head off a liquidity crisis
By JOHNREDWOOD | Published: JUNE 12, 2020
We live in amazing times. The graph of US money growth is pointing upwards at an unprecedented rate. The graph of the US budget deficit is almost vertical. The last three months has seen the issue of over $ 2 trillion of additional Treasury bills, short term loans for the US government. No wonder the financial markets are in melt up.

The Fed’s latest figures show annualised M2 money growth at 40% for the last three months, a record level. State debt has surged by $2.06 trillion between March and May.

Remembering last time when Central banks starved markets of cash and left the banking system and corporates to plunge into financial reconstruction or bankruptcy for want of liquidity, the Central Banks led by the Fed have this time done the opposite. So far so good – companies have borrowed money instead of going bust,and banks have plenty of cash to lend.

The problems this poses come later. There is first that it must be a bridge to recovery, not to insolvency. Delaying bankruptcies would not be much of a success if we end up entering a credit meltdown when too many companies fail to repay their money on time.

There is also the issue of inflation. So far we just have asset price inflation. If more of this money gets into the bank accounts of companies and people who want to spend it rather than invest it in financial assets, that could prove more generally inflationary. Then Central Banks have difficult choices to make. Putting up rates to throttle back credit is the usual response to cut demand and stop overheating. That in turn means triggering the delayed bankruptcies of the over borrowed companies.

The happy answer is for the Fed and Central Banks to gently throttle back now they have stopped a liquidity crunch. The commercial banks have a lot of work to do deciding realistic and sensible schedules for repayment of loans, and working with business on who has a sustainable business model worthy of support and who does not in these new and difficult times.