Lloyds Banking Share Discussion Threads

[xxxxxy] 23/8/2020 09:11

No Deal is ideal. WTO

[xxxxxy] 23/8/2020 09:04

Mr Candour23 Aug 2020 7:55AM"....trade deals, despite the political importance attached to them, don't actually do an awful lot for GDP...."Probably why Boris Johnson isn't really that fussed - he doesn't really need a trade deal. Temporary inconveniences around ports etc are result of leaving and would happen regardless.Alan Hogg23 Aug 2020 7:31AMSimple solutions are always the best. Just walk away

[xxxxxy] 23/8/2020 08:09

Slaves to R?By JOHNREDWOOD | Published: AUGUST 23, 2020With stories circulating that some think we need a new national lock down because R may be over 1, we need to go over old ground on these inaccurate numbers. Sage updates us on R, a measure of how many people someone with CV 19 will infect, and on the growth rate in infections.The latest SAGE Report says the R figure is now in the range 0.9 to 1.1, a 22% spread. The Report admits R "cannot be measured directly so there is always uncertainty". They tell us different groups work R out in different ways. Some use hospital admissions and death rates data. This used to be the main way which I criticised in the past. They now concede this data may have a lag of 2-3 weeks in it. There are also the issues over how reliable the death rate figures are as some of the CV 19 ascribed deaths are people who had had the disease well before death and had other serious medical problems. Some use contact pattern surveys of people's behaviour. This relies on people providing accurate returns, and leaves open big judgements about how it relates to the spread of the disease. The third identified system is the one that should produce more accurate results being based on the consistent and regular testing of a sample of the population. This should in particular give more accurate figures for growth or decline in the disease which would be a more useful figure than an estimated R.SAGE blends the results from all these different methods , arguing they should draw on all of them as "there is uncertainty in all the data surveys so estimates can vary between different models". You would have thought instead of this consensus blended approach they would identify the most accurate ways of calculating relevant figures and create consistent and accurate data to do so. They give us these ranges, and then add qualifications. They point out where the incidence is now small the data may be more unreliable.Because they are combining results from a range of ways of computing R, all with their problems, they present it as a range.  They assert that "The most likely true values are somewhere towards the middle of these ranges". Why? What if the sample testing result was at one of the extremes? Shouldn't this be taken more seriously as a better indicator of growth rates and therefore of R? They also stress local areas can have flare ups which are not representative of the surrounding region or local government area.People deciding to lock down places and areas need clear and reliable data that there is a real problem with a surge in the virus and its spread. These generalised stories based on national R estimates are not the way to settle whether the economy can recover or whether we can have some of our lost freedoms back.

[oapknob1] 23/8/2020 00:00

Will the man from Prudential Regulation Authority say yes to banks paying dividends?

[goldfinger16] 22/8/2020 23:01

freddie01...I have just read that long winded appreciation you posted on that big fat pile of hate, the Orange Turnip Donald Dumpf.

You really are a cretin if you really believe any of it. But having said that, a numpty who spends their days posting on here and following Lloyds the most lacklustre share in the world has to be a Trumpty.

Trump will go down as the most corrupt, bent, lying POS POTUS in the history of the USA.

How's your Lloyds doing, you must love betting losers!!!!!!!

[minerve 2] 22/8/2020 22:24

Good to see Jimmy White win the seniors. Didn't watch the match but well done to him.

[utrickytrees] 22/8/2020 21:23

Jl5, fkme Murdochs obviously not read the Times for a while...if ever, it's cover to cover wokeness. Your probably better versed to comment but I'm not aware of many 30 somat right of centre journo's in conventional media, they're all overwhelmingly the woke millennials or gen Z products of Brown n Blair. This is what weve have to contend with!! DO like Mahyar Tousi online. Like the EU & SNP the days of conventional media are numbered.

[utrickytrees] 22/8/2020 18:50

Katy Hopkins doing the weather.

[grahamite2] 22/8/2020 18:41

Joe Biden’s speech at the Democratic National Convention this week could hardly have been more Manichean. As he struggled to read his teleprompter for over 20 minutes, Biden warned that “the current president has cloaked American [sic] in darkness for too long”.

Fortunately enough, Joe turned out to be opposed to darkness. “I’ll be an ally of the light, not the darkness,” he promised, going on to assure people that he would lead America towards “a path of hope and light”. At times I wondered if Biden’s autocue had malfunctioned and he was reading excerpts from a Harry Potter book.

LOL!

[maxk] 22/8/2020 18:26

Indeed graham.

I would be nice to get some news from a source other than the €U version of Pravda.

[minerve 2] 22/8/2020 18:21

Some of you will probably be dead before it becomes mainstream. Don't get too excited!

LOL!

[grahamite2] 22/8/2020 18:07

Great news, Max. Britain needs a news channel and it hasn't got one now - all we have is Pravda and Izvestia.

[xxxxxy] 22/8/2020 16:56

Love Nigel Farage.Love Boris (sometimes).Boris needs to rediscover the Vision Thing.HS2 is not the Vision Thing

[xxxxxy] 22/8/2020 16:54

EU wastes time selling French cigarette lighters to the Americans while UK deal burnsNew EU-US trade deal announced, but EU blocks UK trade deal again?© Brexit Facts4EU.Org 2020Facts4EU.Org reveals the EU propaganda machine is at it again and the new US 'deal' is almost worthlessYesterday two statements were issued by the EU about its trade talks. One was in French, from Monsieur Barnier, about the lack of progress on reaching a deal with the UK.The other was in English, hyping a supposed new Tariff Agreement with the United States.Let's start with the new EU-US dealYesterday in Brussels the EU Trade Commissioner Phil Hogan announced "agreement on a package of tariff reductions that will increase market access for hundreds of millions of dollars in U.S. and EU exports."?© EU CommissionBREXIT FACTS4EU.ORG SUMMARYSo what does this exciting EU-US deal cover?Well, the answer is "Not much."The deal covers EU exports of "certain prepared meals, certain crystal glassware, surface preparations, propellant powders, cigarette lighters and lighter parts"Total value of these EU exports: $160 million per yearTotal value of all EU exports to the US: $684,000 million per yearThis new deal covers only 0.023% of all EU exports to the USAnd tariffs have not been eliminated by the US, only halved- Source: Office of the United States Trade Representative, data for 2018To get this deal, the EU had to agree to eliminate completely all tariffs on a range of products which the US exports to the EU.How does yesterday's EU-US trade deal compareto the potential EU-UK trade deal??© Brexit Facts4EU.Org - click to enlargeValue of EU goods exports covered by new EU-US trade deal: €136mValue of EU goods exports covered by potential EU-UK trade deal: €318,099mThe UK deal would be worth over 2,300 times more than the US deal which the EU did yesterdayWhat was the result of the latest EU-UK trade talks this week?Yesterday in Brussels Michel Barnier issued a statement regarding the end of Round Seven of the EU-UK trade talks with David Frost and his team.The majority of the statement was in French and the EU has not translated this, as usual. At over 2,000 words Monsieur Barnier has still not learnt the art of précis. David Frost's statement was a fraction of the length of Michel Barnier's, as usual, coming in at under 300 words.It is therefore perhaps more helpful for readers if we provide two quotes from David Frost's statement, which sum up the situation between the two sides."We have had useful discussions this week but there has been little progress."?"We are seeking a relationship which ensures we regain sovereign control of our own laws, borders, and waters, and centred upon a trading relationship based on an FTA like those the EU has concluded with a range of other international partners, together with practical arrangements for cooperation in areas such as aviation, scientific programmes, and law enforcement. When the EU accepts this reality in all areas of the negotiation, it will be much easier to make progress."[Barnier's statement in full. Frost's statement in full.]OBSERVATIONSOnce again the EU Commission is trumpeting its prowess at doing trade deals. In this case the deal with the United States is so tiny it will not even register on the majority of EU27 countries' own export figures, let alone the EU's collective figures.In the meantime, the EU has an opportunity to do a quick trade deal with a large country on its doorstep, its second-largest export market, and a country with whom it has a massive trade surplus.Right now the EU will not even offer the UK a trade deal such as those it has done with Canada and Japan since the EU Referendum.We have consistently argued since 2015 that the federalist fanatics of the EU Commission would never offer the UK a sensible and logical deal. These people are missionary zealots. They are driven by ideology, not by the economic best interests of their member states.We believe the Government should not only ramp up its arrangements for trading on WTO terms with the EU from the end of this year, but it must be seen to be doing so. The apparatchiks of the EU read the FT and the Guardian, and they watch the BBC. As a consequence it is our opinion that they continue to believe the Remainers' talk of a last-minute compromise, whereby the UK will cede on its various red lines and the EU will continue to have control over aspects of the UK's business and society.If the Government does compromise, they would not be forgiven by many millions of voters. The EU must now cut out the nonsense and do a deal. We don't think they will and they will then be responsible for job cuts across the EU. So be it.We are sorry we have to keep asking, but if you are a regular reader and have not yet donated so that we can continue our work, could we ask that you consider this now? We simply can't survive without more donations from people like you. Donating is quick, simple and confidential, using the links provided below this article. Thank you so much.[ Sources: EU Commission | EU Trade Directorate | Office of the United States Trade Representative | No.10 Press Office ] Politicians and journalists can contact us for details, as ever.Brexit Facts4EU.Org, Sat 22 Aug 2020

[minerve 2] 22/8/2020 16:51

Why not call it 'The news for ignorant morons' because that is what it will be.

Hopefully Grim will be calling Rupert soon. ;)

[xxxxxy] 22/8/2020 16:48

And No DealWTO

[xxxxxy] 22/8/2020 16:47

John Clark22 Aug 2020 7:11AMMoney printing is supporting all asset prices.The revenues of the tech giants are supported by economic activity, especially advertising, and Tesla makes relatively few cars. Their valuations don't fundamentally make any sense, any more than the cost of land in Tokyo in 1988.When the world starts to look mad and experts struggle to justify the situation, it's not surprising that people turn to physical alternatives like gold.... Daily Telegraph

[minerve 2] 22/8/2020 16:46

M2 - a little hard on freddie?


OK, maybe, but you would have to be an idiot to support someone like Trump IMO.

Apologies freddie.

[maxk] 22/8/2020 16:20

Hardly, just compare them to the establishment so called news stations.



Revolución!