Lloyds Banking Share Discussion Threads

[minerve 2] 07/7/2019 12:29

"unfair trade 'policies'"

People seem to forget this wasn't a one-way street. US consumers want 72" TV screens for $400.

[minerve 2] 07/7/2019 12:25

Excellent comment on the FT reference the downturn in construction, services and house building:

This is simply not true. I have just returned from the sunny uplands of the new Jerusalem where a sneak peak through the gates of the Exceptionally Rich Group (ERG) gated compound showed a hive of construction activity. Buildings were being thrown up right, left and centre. Workers were buzzing about unencumbered by all the stupid personal protection equipment demanded by the obstructionists in Brussels. There was some grumbling about the long working hours, lack of holidays and holiday pay since the Brussels inspired workers' rights had been junked - but hey, all the building workers were true English sons of the soil, not an eastern european scab in sight. It was truly uplifting to witness this part of the parallel universe a-buzz with activity. Even more heartening was the banner proclaiming "English built by English muscle for English owners - buy as built, no guarantees, no consumer rights now we have been freed from the strictures of Brussels red tape and regulations".

[grahamite2] 07/7/2019 12:25

Obama's two terms produced a good economy for Trump to inherit

Not really. Quantitative easing went straight in to Wall Street and left Main Street to its own devices.

Of course, I'm not arguing against QE. In the face of such a crisis it had to be done. But the economy as a whole remained deeply sick nevertheless.

[stewart19] 07/7/2019 12:21

Sometimes the buying and selling is window dressing.

[grahamite2] 07/7/2019 12:21

"Everybody who says, I can't stand the idea of a no deal Brexit, what they really mean is actually they don’t want to leave at all," Mr Johnson said.



That is the truth of it.

[stewart19] 07/7/2019 12:17

US Debt as a % of GDP rose massively under Obama, but has been pretty steady since.

Obama's two terms produced a good economy for Trump to inherit, the debt obviously rose significantly in 2009 as Obama worked with Hank Paulson and the Fed in stopping the US from bankruptcy.

As an Scot American I and many others are not hailing Trump's economy as great, tax cuts have to be paid for and trade wars solve nothing. Trump's biggest worry is, will the economy be as healthy as the Trump policies start to filter into it long term. So far, it is a boost, but for how long.

I believe history will see that Obama was a good president, maybe one of the best ever.

[grahamite2] 07/7/2019 12:15

Again fatnacker, don't hold your breath.

[fatnacker] 07/7/2019 12:04

No need alphorn, I'll spell it out for you, you're correct that there's a buyer but what you're not factoring is that buyer was a buyer regardless of insider trading, it could easily be argued that the buyer could negate their loss due to tighter spreads due to added liquidity, I look forward to your explanation as to how the insider caused the loss though.

[minerve 2] 07/7/2019 11:51

"These things have a time lag."

Chimps don't think about things like that.

[careful] 07/7/2019 11:35

All of this comparison with Obama.
Ignorant.
Obama had to deal with a catastrophic financial crisis in the World Banking system.
Trump reaped the rewards, just as the president that follows Trump will have to fix his messy legacy.

These things have a time lag.

[careful] 07/7/2019 11:31

polkka
Trump is not alone in racking up debt.
As you say, because of growth the % of GDP remains steady.
But as they say, 'at this point in the cycle', low unemployment, healthy revenues, good growth debt should be falling.
People worry that all of this debt leaves us exposed to a downturn.
they argue that with good revenues, high spending a bubble is being creating, 'its party time'.

Trump takes credit for this and when the fed chief tries to take the punchbowl away just as the party is getting started he gets aggressive and angry.

'keep being irresponsible' he tries to order the so called independent fed, at least until I get re elected.'.

[maxk] 07/7/2019 11:22

Fair summing up Alp. But I suspect the truth of the matter is they are all bent and lying through their teeth.

[careful] 07/7/2019 11:22

So Trump is targeting Scottish Whisky for tariffs.
(David Smith, todays Sunday Times).
A good read, this economist gives numbers and facts.


Poor Nicola, if Trump thinks the Scottish Nationalists wish to break up the Union and cosy up to the EU. this world dictator will not allow it.

The Scottish economy is too fragile to go it alone, but is if there were to be a tariff war on Scottish Whisky sold in America, then it would be weaker still.

You have to know your limitations, politics is the art of the possible.

[poikka] 07/7/2019 11:16

Careful - "Trump has done a Stirling job of making his countries debt great at $22tr.
A record."

US Debt as a % of GDP rose massively under Obama, but has been pretty steady since.

So why pick on Trump?

[alphorn] 07/7/2019 11:14

Max - what is interesting to me with these articles is that the 'scatter gun' Brexit ideas are alive and well. It means that nobody has a clue of the direction to take.

[maxk] 07/7/2019 11:08

Into the valley of death rode the tory party (if this story has any legs)





Johnson is willing to hand over billions to Brussels to suspend a cliff-edge exit and keep borders open for another two years

Sources in Mr Johnson’s team say he's prepared to give up chunk divorce bill

If he fails to get deal by October 31, UK will leave but borders remain open
Trade and transport links will continue until December 2021, the source says


By GLEN OWEN AND HARRY COLE FOR THE MAIL ON SUNDAY

PUBLISHED: 23:19, 6 July 2019 | UPDATED: 09:30, 7 July 2019



Boris Johnson is preparing to pay Brussels billions of pounds to ease the pain of a No Deal Brexit, The Mail on Sunday can reveal.

Sources within Mr Johnson’s team have told Mail on Sunday that the Conservative leadership frontrunner would make a ‘bold and credible offer’ to Brussels to suspend a ‘cliff-edge’ exit if fresh talks broke down ahead of the October 31 deadline.

Allies of Mr Johnson say that, under the plan, if he had failed to secure a new deal which was supported by the Commons, the EU would still announce that the UK had formally left by October 31, but in return for ‘a sizeable chunk’ of our £39 billion divorce settlement, it would allow current trade and transport links to continue until December 2021.

That would allow the new Prime Minister to claim that he had not reneged on his promise to deliver Brexit by the deadline, but would spare him the potential constitutional and logistical chaos of a No Deal scenario.



The rest is here:

[alphorn] 07/7/2019 11:03

fatnacker - lesson No.1 for you today as you consider insider trading. For every trade there is a buyer and a seller. Reflect on that and it may help you.

If you still have difficulty I shall spell it out for you later.

[minerve 2] 07/7/2019 10:56

" put up by people like you."

This is the bit that needs explanation.

[xxxxxy] 07/7/2019 10:44

17+ MILLION VOTED TO LEAVE

17 million is a big political movement and has significant purchasing power. Time to start to think about using this.

And there are Dutch bulbs to think about. Dutch Tulips
REALLY THINK HARD BEFORE BUYING ANYTHING from EUSSR
Spanish holiday. Irish holiday. French wine. Belgian chocolate. Think. Etc

The People, at least 17 million can act as well as Parliament.

People. Gloves off. Time to BOYCOTT the EU. The Elite have crushed and twisted and swindled our Democracy. But the People have teeth too and it is time to bare them,

The 'Withdrawal Agreement' cobbled together by May and a two-faced Conservative Party is now no more – is it? Trying to fob off the The Referendum Result and sell this 'agreement' with Fear.

But in effect it is REMAIN all dressed up in new clothing and method. This will never be harmonious, and now may be the time to consider various campaigns such as whether to buy German cars for example.

17 million voted against staying in the EU. That is a lot of buying power. Think before buy now.

Campaign. The politicians have not listened. The Economic War. THE PEOPLE RULE OK!

German cars and apes


German cars unfinished business


And there is the consideration of Continental European wine. Many fine and exciting wines found outside Europe.

Millions of songbirds vacuumed to death every year during Mediterranean olive harvest




The EUSSR has stated publicly it wants to HURT the UK. We too can HURT the EUSSR too, particularly Germany and Vichy France. Spanish holiday. Irish holiday. French wine. Belgian chocolate. Think.


The People can vote and not be listened to. BUT THE PEOPLE CAN ACT . Think before buying from the EUSSR

Pass it on. BOYCOTT the EUSSR. Tusck wants us to go to Hell – the very Gestapo and Mafia thinking that still lies at the heart of the EUSSR

Pass it on. Thank-you

[xxxxxy] 07/7/2019 10:43

No Deal: Not an End, But a New Beginning – The Rt Hon David Jones MP

Hyperbole is never in short supply when Brexit is discussed, particularly when the discussion turns to the prospect of there being no negotiated deal. In such circumstances, we will not be leaving the EU:

We will be “crashing out” over a “cliff edge”.

Life will never be the same.

There will be 75-mile queues of lorries approaching Dover.

Planes will be unable to fly.

Diabetes patients will run out of insulin.

The British Sandwich Association has even warned of an avocado shortage.

However, it is more than arguable that a ‘No-Deal’ departure is precisely what the electorate had in mind when they voted Leave in 2016. There was no talk then of implementation periods, regulatory alignments or Irish backstops. People simply voted for the UK to withdraw from the EU, for which purpose it was necessary to implement the provisions of Article 50 of the Treaty on European Union.

Article 50 is absolutely clear about what happens when a member state gives notice of its intention to withdraw: there is then a period of negotiation of up to two years. If, at the end of that period, there is no agreement as to the terms of withdrawal, then the member state ceases to be subject to the European Treaties.

In other words, we just leave without a deal.


Full article

[xxxxxy] 07/7/2019 10:40

The EUSSR is FAECAL


LEAVE and WTO

[xxxxxy] 07/7/2019 10:39

Still Applies

Leaving the EU : the simple WTO solution
The WTO represents 98% of world trade
The EU will not agree a trade deal until we’ve left, so the WTO exit was always the default position. Delivering Brexit means leaving the EU and trading like the rest of the World.

A simple departure on 29 March 2019 with some sensible side agreements.

Immediate Benefits:
Control
Instantly a great sovereign nation again - World’s 5th largest economy
Control of borders – no more freedom of movement into UK, wages will rise
Laws made in Parliament again, by elected MPs, in British interests – not imposed
Money
No more multi-billion annual payments to subsidise EU countries
No £40bn+ divorce payment – Money saved can be spent in the UK
Food and clothing imports without punitive EU tariffs – everyday costs will be slashed
VAT cut on many products, putting pounds in people’s pockets, boosting the economy
And more
Able to trade freely and fairly with the fastest-growing countries around the world
Northern Ireland – No hard border is needed and none of the parties want one
Our farms and waters will be under UK control again, our fishing fleet can rebuild
Our UK armed forces will be free of EU command structures and directed by UK needs
All this can happen from 29 March 2019
The EU and the UK governments have had 2½ years and we’ve ended up with a bureaucrats’ deal which gives control and more money to the EU, and which could keep us locked in its power forever. None of the freedoms above would be delivered on 29th March. In fact it’s doubtful that they would ever be delivered at all.

With a clean WTO exit we can just leave. And start reaping the rewards of Brexit.
Will it be bumpy at first? Possibly. Will it be worth it? Definitely. The EU ideologues will try to make it difficult, but businesses always find a way through. As the Head of Customs at Rotterdam, largest port in the EU, said : “Our job is to make sure things don’t seize up and we are pretty good at it.” They’ve already invested millions for a WTO Brexit. And they’re in the EU27.

Let’s just go, with WTO
Currently the UK will leave the EU fully on 29th March – without any ‘deal’. That’s the legal position. Let’s all get behind this simple method of exiting the EU and make it great. As the boss of JCB, the UK’s largest manufacturer of construction equipment said: “There is nothing to fear from trading on World Trade Organisation terms.”

Most MPs voted Remain - many want to stop Brexit
The people’s majority voted to leave the EU. We can leave on 29 March. Really leave, not Mrs May’s pretend-leave which is Remain with new chains attached. We simply have to tell MPs to “Go WTO”.

[grahamite2] 07/7/2019 10:39

Don't expect an answer from the clowns, fatnacker. There isn't one, as we both know.

Unless insider trading is carried out on a scale so large as to impact the market - in which case it could be tried under other laws - there are no victims and there cannot possibly be.