Lloyds Banking Share Discussion Threads

[minerve 2] 25/7/2020 10:37

cheshire pete 24 Jul '20 - 22:00 - 311032 of 311040

Minerve: "I don't get your comment.

Are you saying those who believe there should be more socialism in the system shouldn't own shares?"

Top banana you got it in one. Can't criticise capitalism whilst enjoying the trappings. Teachers are the worst, Corbyn, Blair, Brown lovers, Europhiles, villas in Tuscany and trendy areas of France. Wouldn't be seen dead in a British seaside resort.




Well you have to deal with the cards you are dealt and it seems some of those who want more socialism do a better job of being capitalists than those crony capitalist diehard wannabes. (The net-worths of Alphorn and I are obviously significantly higher than you lot.) I don't think it is hypocritical because we are not Marxists or Communists we just want more socialism in the system.

We could return the argument and say that if you are fully capitalist and don't want socialism you crony capitalists shouldn't come to the state coffers begging for money when your system is constantly sick and fails like you are doing quite often recently. Ever heard of 'saving for a rainy day' crony capitalists? Beg Beg Beg that is all you seem to be doing recently! Guffaw guffaw! :)

[action] 25/7/2020 09:55

Only hope now is good news on BREXIT deal which will not be know till Sept Oct if I am correct.

[grahamite2] 25/7/2020 09:28

xxxxxy25 Jul '20 - 07:30 - 311037 of 311039
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Managing the overseas aid budget
By JOHNREDWOOD | Published: JULY 25, 2020
... As we do so it is important to be generous with grant money and direct assistance for famine relief and humanitarian help for those in crisis.

Is it? For one thing it's none of our business. For another we're hard pressed here at home. And for another, the forecasts of a continuing sub-Saharan population explosion suggests some Malthusian curbs would be a good thing.

[xxxxxy] 25/7/2020 07:34

Sue Ward
24 Jul 2020 10:17PM
Of course spending went up in June. Many people in the private sector went back to work at the end of May. Those furloughed continued to enjoy a reasonable income and reduced costs plus the huge public sector rump enjoyed 100% pay while remaining at home. Many people deferred mortgage and credit card payments and I seriously doubt all that money was saved for a rainy day. Things will not look so rosy in a few months time. With the furlough scheme winding down with many firms issued redundancy notices during July with a view to getting rid of furloughed people they no longer need before they have to pick up a larger part of the cost. This trickle will become a tsunami by the time furlough ends in October.

[xxxxxy] 25/7/2020 07:30

Managing the overseas aid budget
By JOHNREDWOOD | Published: JULY 25, 2020
This year the government has said it will reduce the aid budget in line with the fall in GDP, as the promise on aid is based on spending 0.7% of GDP. As we do so it is important to be generous with grant money and direct assistance for famine relief and humanitarian help for those in crisis. Stopping aid to countries with space programmes would be a good start. Seeking better value for money and better targeted assistance would be a good idea.

As it adjusts the budget it should also make other changes. The UK wishes to help the poorest countries. It can offer a lot in areas like better water provision, health care and communications. In some cases what the developing country needs is a good technical partner with the ability to design and deliver the projects required, and equity investment to carry the risks. The aim should not be to offer massive projects based around debt with all kinds of future ties. If we combined grants and shares, we would then have some investment which would reward us in due course if successful, and bind us into the same interest as the developing country to make sure the project worked as planned.

Over the years we could build a sovereign help fund, and decide what to do with any payments from success. The important thing is the UK would not be trying to extract interest payments from schemes which were not working but there would be a market test of the wisdom of the investment. Grant aid can miscarry, encouraging projects that do not help as much as they should.

Of course all our humanitarian help, famine and poverty relief and medical interventions should be offered free to those in need.

[grahamite2] 25/7/2020 06:25

I'm bloody not!

buywell just posts the same thing on every stock. He's been doing it for years.

[cheshire pete] 24/7/2020 22:24

Interesting buywell, downside loan defaults but inflation and higher interest rates maybe further out. Clearly you see downside, interested to know why please.

[buywell3] 24/7/2020 22:12

IMO LLOY is going to 20p

dyor

[cheshire pete] 24/7/2020 22:00

Minerve: "I don't get your comment.

Are you saying those who believe there should be more socialism in the system shouldn't own shares?"

Top banana you got it in one. Can't criticise capitalism whilst enjoying the trappings. Teachers are the worst, Corbyn, Blair, Brown lovers, Europhiles, villas in Tuscany and trendy areas of France. Wouldn't be seen dead in a British seaside resort.

[investtofly] 24/7/2020 21:57

Maybe closed the borders to UK citizens but open to everyone who wanted to enter the UK illegally. Another reason we voted OUT of Europe.A word to Macron.... Give your citizens a referendum on Europe

[investtofly] 24/7/2020 21:03

This is an exercise to see how far governments can push their citizens before they rebel.NOW is the time to UPRISE and Stand Up for ourselves otherwise we will fall into Corbyn's vision of a republic like Venezuela

[utrickytrees] 24/7/2020 20:10

Hes counting fkin ducks at lake Geneva been there all afternoon cos nurse has forgot him.

[maxidi] 24/7/2020 19:59

Utrick

I think Alp is counting beans! Maybe that's all he's worth? He may not even have a bean and it's all just smoke and mirrors.....

[utrickytrees] 24/7/2020 19:58

Alps #310948 its fkin 1/2 £B now, forget £350M that's long gone sugar lips.

[xxxxxy] 24/7/2020 19:52

Tracey , Thursday, July 23, 2020, 18:03:Sorry but did the Mighty Macron not force Boris's hand to make the UK go into lock-down or he would close the French border causing food shortages in the UK?Can we not sue France, EU or Macron himself for the devastation to the UK economy?

[utrickytrees] 24/7/2020 19:51

What is Alphorn on about? ........................................................................anyone .............................................................anyone?

[alphorn] 24/7/2020 19:16

So £350m per week will take a 1,000 weeks to repay £350bn without counting interest.

''''''''almost 20 years. As M2 will say that is a gift for other generations.


(A bean counter can check out the decimal points - until then E&OE).

[utrickytrees] 24/7/2020 19:10

Theres plenty of bog around the mouth of the liffey which could be drained. Fkem boycott Guinness & potatoes.

[utrickytrees] 24/7/2020 19:07

420m/ wk is nearly half a B!
Think they're lining Dublin up for a big part in a new EU financials centre.

[alphorn] 24/7/2020 19:01

max - £350bn equates to almost £7bn per week.

........wait for the post on 'but they are our own borrowings'. Lol


They are both dire and heaven help us (in the wider sense) if a second wave comes.

[maxk] 24/7/2020 18:54

Thanks tricky. I didnt see that.


But still the remainers go on about how good a deal we had.