Lloyds Banking Share Discussion Threads

[bbalanjones] 22/6/2020 15:05

pob55: Seasonal flu for Over 65s as %age of Population Long term ave: . . .0.08%

Covid 19 . . . . . . . . , , , , , , , , , to date . . .6.0%




Please learn to research your stats!

[gbh2] 22/6/2020 15:04

Only the Company Directors and Hedge Funds making anything out of this lame nag.

[pooroldboy55] 22/6/2020 14:54

80000 died from flu in 68/69 in the uk don't remember lock down then.and as for the r number in germany doesn't mean much as numbers are very low so tends to inflate R number. Think you need to do a bit more research before you start calling people moronic.

[bbalanjones] 22/6/2020 14:51

Poikka: Well stated . . . . hope for you yet!! :-)

[colonel a] 22/6/2020 14:42

I remember when HW devalued the £ and said it would not affect the value of the pound in your pocket, because devaluing was a big deal back then.
The period of high inflation {never anything like 25%} was about a decade after that.
The vast majority of government debt is internal, so not impacted by the exchange rate.
External debt is made worse if your currency tanks.

[mitchy] 22/6/2020 14:41

Ps, will consider adding at 28p..should it ever get there.

[mitchy] 22/6/2020 14:38

I base my view on what the situation was 'before' the virus struck. Italy with huge debt and getting worse, Germany going into recession, riots in France etc.
We ( Europe) were in a bad way. Thomas Cooks folded which is an indicator of hard times along with several other big names . The stimulus put in place is Fiat money. Perhaps they can get away with it after all they have in the past. But this time is different because the interest rate is already àlmost zero...ie no wiggle room.
Living on borrowed money is living on borrowed time.

Just my opinion...

Good Luck.

[investtofly] 22/6/2020 14:18

A bullet would be a lot cheaper

[poikka] 22/6/2020 14:11

"This is just 'flu."

Wonder why it hasn't dissipated as it usually does.

"It is dissipating".

Only because we've had 3 months of lockdown with idiot public told to socially distance and wash their hands.

Anyway, it's increasing again in Germany with the R number at 2.88.

Whoops, forgot that I was on the Recovering Quadruped Lloyds thread which is stuffed full of moronic deniers, who wouldn't know an R number from a number 9 bus.

[alphorn] 22/6/2020 13:55

gretel - if all countries tried it then there would be no change in forex cross rates.

[sikhthetech] 22/6/2020 13:30

Coburg,
"I don't think there will be a stock market crash because central banks and politicians won't allow it."

We had one only couple of months ago and it's still volatile. I think we're heading for another one, as govn and bank support eases over the next few months...

plus:
China-US Trade wars, Presidential Election, China-India tensions, China-HK tensions etc etc..

[gretel1921] 22/6/2020 13:23

Does anybody remember when Harold Wilson devalued the pound by 15% and said "it won't affect the pound in your pocket " but it didn't take long before we had 25% inflation .
That will be what all indebted countries are hoping for to reduce their liabilities and to swallow the dept !!!
USA and GB first in line !

[grahamite2] 22/6/2020 13:10

Gecko, since when is Lockerbie in Africa?

[cobourg1] 22/6/2020 13:00

Mitchy you have a very valid point of view and you may well be right, but we are in a situation where we have never been before. Drawing comparisons with 1929 is not helpful IMO because this time it really does seem to be different - for once.

Heaven knows where we are going. When the dust settles in November/December we will surely have a high unemployment rate and a damaged economy. Another hit in the New Year from Brexit won't help, but I think that will be a price worth paying and we will quickly recover from it.

When trying to predict the future, which I admit I'm not very good at, I often ask myself the question, "what am I really sure about".

I am sure that my, and everyone else's standard of living is going to be reduced. Because of the money printing the value money has against goods will be decreasing, but the general depression of the economy will save us from rampant inflation. Indirect and/or Direct taxation must rise over the next several years, I'm pretty confident of that, but obviously not looking forward to it.

There is, and will be so much money sloshing around looking for an interest-bearing home that equities must rise. We as shareholders should benefit but our capital gains will be earned in devalued money. I don't think there will be a stock market crash because central banks and politicians won't allow it.

But finally, all in all, I don't really know with any confidence WTF is going to happen and neither I suspect does anyone else.

[geckotheglorious] 22/6/2020 12:59

Freddie
Post 308069
"Will they kick his brother out. I doubt it"


They should kick his brother out, his brother's direct family out, this man's direct family out, and their "extended families"

All of them. Send them back to Libya.

[bbalanjones] 22/6/2020 12:55

maxk : One metre rule . . . . .a whole new subsection in the Kama Sutra?

[mitchy] 22/6/2020 12:45

Ps, It was over liquidity that lead to the crash but poor liquidity that caused the depression. The same will happen this time.

[grahamite2] 22/6/2020 12:44

No point, just an idle observation which I got from a James Bond book.

[alphorn] 22/6/2020 12:42

G2 - slightly less than the UK per the world stats. Your point is..........


It would be interesting for you to list those monthly deaths when you have a moment.

[grahamite2] 22/6/2020 12:35

Switzerland has one of the world's worst problems with alcoholism.

[alphorn] 22/6/2020 12:32

#071. Agree with maxidi; it will snow this afternoon. ;)