Lloyds Banking Share Discussion Threads

[mikemichael2] 28/1/2021 09:27

Tragic, but not a word about how she caught it !!!!

[dope007] 28/1/2021 09:27

First few bought, will add on more weakness

[maxk] 28/1/2021 09:25

Well spotted graham.

From that article:

All of this takes us to the second major shift: the return of competitive protectionism and the collapse of supply chains. Free trade is fragile, and illiberal forces are acting to destroy a system that has rescued billions from abject poverty. We first saw during the race for PPE that countries were willing to ban exports and seizing output from factories located in their territory. We are now witnessing a war for vaccines, engineered by a desperate, incompetent and grotesque EU. Contracts and the rule of law are being fatally undermined.

Tragically for free-traders, this will force countries to reshore capacity in a range of areas. Yet where does this end? Countries will need their own vaccine and PPE plants, but what else? What about factories to build microchips (dangerously concentrated in Taiwan)? What about China’s control of cobalt and lithium? How do we prevent a nihilistic race for Thirties-style autarky, triggering another Great Depression?

Covid is a human tragedy, the West’s most lethal pandemic since the Spanish flu. But it is also upending our political economy. The old world is gone, and no amount of wishful thinking or vaccination will bring it back.

[scruff1] 28/1/2021 09:18

Graham
I think there are a few phenomenon all colliding that are going to make the world a very different place in the not too distant future. China/Social Media/Censorship of free speech/Dominance Of Private Big Tech Co's, Decline of Democracy and probably others

[grahamite2] 28/1/2021 09:09

The old certainties – that it would always be possible to visit family abroad, or grab some sun, or find a job in Dubai if things went really wrong – have been dashed.

Entire industries are now uninvestable.

Human rights rules are equally meaningless, including the “right” to education, private property or simply to walk freely.

[grahamite2] 28/1/2021 09:05

It's a very sinister article by Allister Heath above the title there. He's suggesting COVID is another 1914 event, something that will change life dramatically and for the worse and forever.

[pensionbull] 28/1/2021 08:47

Brexit has holed this old dud below the waterline.

[scruff1] 28/1/2021 08:45

Smartie 409
God loves an optimist. Unfortunately Lloy makes fools of em !

[pierre oreilly] 28/1/2021 08:38

The poor EU seem to be struggling already without British help. They don't seem to be able to get covid jabs from anywhere, and are begging, well bullying, us to give them some of ours.Can't think why they didn't order them in advance like we did. I guess every word spoken or written about such an order being translated into 25 languages, sent out for comments and each reply being translated, checks for gender identity correctness, checks for possible LGBT transgressions,check that subtle French and German advantage weren't too explicit, checks to ensure migrant deprivation of the jab to encourage them to risk crossing the channel in a leaky bathtub .. I suppose all those take time. I expect they'll be ready to place an order for the jabs around 2024, unless the human rights court intervenes for some reason.

[maxk] 28/1/2021 08:13

The little guy gets shafted both ways graham.

[grahamite2] 28/1/2021 08:09

That's a prize nutcase you're promoting at #330404, xxy!

What about the ordinary shareholders who have been robbed blind by concerted attacks by shorting hedge funds over the years? If those people are finally getting paid in their own coin, good!

"When valuations become so unglued from reality" he says - well that cuts two ways.

[maxk] 28/1/2021 08:03

That about sums it up 5x.

[xxxxxy] 28/1/2021 07:59

If the huge flock of little vultures is big enough it will destroy the lion pack.Massing using Internet can now occur.So things change and the Big Boys not so well protected.Open minded. Evolution rather than Revolution.Don't really know. But some are concerned about losing their privileged meat.

[smartie6] 28/1/2021 07:55

Don’t you think that it will end up in the green today?
Fake sell off?

[maxk] 28/1/2021 07:51

The good ol pump and dump is alive and well.


Reddit revolution my ass.

[xxxxxy] 28/1/2021 07:49

7:10amAgenda: FTSE set to slide Good morning. The FTSE 100 is set to open firmly in the red amid a Reddit "revolution" in financial markets and a vaccine row which has the potential to unleash a major post-Brexit political row. ... Daily Telegraph

[xxxxxy] 28/1/2021 07:46

EU vaccine row: Brussels 'aggravated and 'emotional' amid AstraZeneca supply furyASTRAZENECA's boss believes "under pressure" Governments are becoming "aggravated or emotional" after a row erupted over coronavirus vaccine supplies.By ALEX SHIPMAN06:54, Thu, Jan 28, 2021 | UPDATED: 07:38... Express...The incompetence of the EUSSR has come across as stupefying and acting as barbarians. But we already knew that didn't we.

[xxxxxy] 28/1/2021 07:27

Also...How Redditors propelled GameStop to $26bn in war with Wall StreetShort sellers have lost $5bn after Reddit traders collectively backed what has become known as a 'meme stock'ByMatthew Field ; James Titcomb SAN FRANCISCO and Rozina Sabur WASHINGTON DC28 January 2021 • 4:50am.... Daily Telegraph

[xxxxxy] 28/1/2021 06:31

Spending and value for moneyJANUARY 28, 2021 POST A COMMENTI have always stressed when saying we can afford to borrow to offset the damage done by anti pandemic policies to the economy that we should not waste money or undertake spending the private sector can cover as it did pre pandemic.The Business Department budget shows that it should be possible to reduce future outgoings whilst still doing a good job for the UK economy and business sector.The Business department has a massive £175 bn of accumulated liabilities. Many of these are possible future payments to close down nuclear power plants and to subsidise wind and solar power. The Accounts  may understate the possible outturn on contract for differences power costs, which are  currently priced at £89.6bn by the Department compared to the more modest  £16.5bn liability on the balance sheet.All this needs managing to get value for money and to control outgoings.1. Safety should of course be an absolute  override, but it would repay study to examine the pace of the nuclear closure programme and the speed and incidence of remedial and recovery work               thereafter. They currently assume 7 stations close 2023-30.2.The Smart meter programme is costing a massive £20.1bn and is very unpopular with many users. Could this be rephased?3. International contributions to climate change projects are in at £11.6bn. So far the public sector has contributed more than the private. Maybe it is  time to demand greater leverage from the private sector? Surely emerging countries would prefer profitable projects?4. £85.3bn of accumulated business support for CV 1 9  was  necessary spending. As there are £69.1bn  of loans, what is being assumed about repayment schedules once we have a proper economic recovery post vaccination? It is important the government makes sensible phased arrangements for recovery or for the transfer of these loans to banking sector.5. CFD payments for renewable power . It is time for a value for money review of options as this is becoming a large contingent liability, particularly for new nuclear.The Business Department budget is a reminder of just what a complicated nexus of subsidies, regulations and interventions there are  now are to keep the lights on and the factories turning.... John Redwood

[k38] 27/1/2021 23:52

J5This is temporary (panic) restrictions.. it happens all over the world. Unless you think this is a conspiracy think, i would not worry about it if I was you.