Lloyds Banking Share Discussion Threads

[bargainbob] 04/3/2020 12:35

Niocolia Sturgeon also happy it takes her out of the corner she backed herself into re indy 2020.

[ladeside] 04/3/2020 12:29

I'd be surprised / shocked if it wasn't being discussed in the corridors of power how this could be a godsend to deal with the serious pension issues and social care problems.

It may sound rather cynical, however that's how it works I'm afraid........

[crossing_the_rubicon] 04/3/2020 12:11

The aim of authorities is obvious.

Prevent Panic.

For panic will see the shop shelves clear far far faster and highlight the supply chain crisis in prospect.

so delay the inevitable by being economical with the truth.

Governing 101.

[gotnorolex] 04/3/2020 12:10

London dead yesterday, none but essential traffic, no need to impersonate an A list celeb to book a table anywhere! It is quite possible that the Mayor will wave congestion charges to keep London from becoming a ghost town, should there be even a mere suggestion of a Covid breakout!

[maxk] 04/3/2020 11:53

Above all....dont tell the plebs the truth!

[alphorn] 04/3/2020 11:52

Ladeside - on the SHA thread I posted a while back my experiences when we started work on the AIDS virus. At that time no one had ever heard of it and I had all the global numbers of infected people etc and how they grew over time. Just think how long it took to understand all the consequences of that virus in blood stocks etc. I don't know whether coronavirus will have similar consequences.

[alphorn] 04/3/2020 11:47

Being cynical for one post - rule No 1 - when in trouble start a war to take the focus away from the underlying problem. Second choice is to pump a subject to achieve Rule No 1 when a war is not possible.
Better than blaming the leaves when the bad numbers come out.

[alphorn] 04/3/2020 11:37

Ladeside - the virus has become a self fulfilling prophecy. The economic impact is certain IMO. It will take a little time to judge whether the media has exacerbated this impact. (I am not down playing the health issue).

[lefrene] 04/3/2020 11:37

I suspect that China has already decided to live with the bug, especially if it primarily takes out the infirm and elderly, ie persons who are a burden on an economy. Following the price of copper gives an indication of industrial activity.

[minerve 2] 04/3/2020 11:34

I think the last two will be short-lived, the top four however could go on for ages.

[crossing_the_rubicon] 04/3/2020 11:30

The CoronaVirus is going to be bad this side of Summer.

What will be far worse will be the economic implosion from supply chain collapse.
China accounts for 27% world GDP - it is shutdown. Pollution has dissipated as industry is closed. See the pollution maps.

That means a collapse in Supply Chins. ie what we get on our shop shelves in the first instance, for drugs supply etc.

This will see considerable hardship the longer the supply chain crisis continues.

The CoronaVirus will be far worse in phase 2. Fall/Winter 2020

[ladeside] 04/3/2020 11:30

The markets are being artificially propped up, the reality is very different as the Coronavirus is spreading at great pace across the globe, leaving economic carnage and death in its wake.

AVIATION INDUSTRY -- SCREWED
HOSPITALITY INDUSTRY -- SCREWED
TOURIST INDUSTRY -- SCREWED
RETAIL -- SCREWED
MANUFACTURING -- SCREWED
SUPPLY CHAINS -- SCREWED

Make no mistake, this threat is indeed very serious and very real.......

[minerve 2] 04/3/2020 11:28

maxk

You are little bit behind the times, no?

Crypto currency mining currently consumes enough power to pretty much supply the whole of the US.

And we think the world isn't mad?

The world has gone cuckoo!

[maxk] 04/3/2020 11:26

Bitcoin using more electricity per transaction than a British household in two months

Around 98 per cent of rigs mining Bitcoin will become obsolete before they achieve anything, experts warn



By
Sarah Knapton,
SCIENCE EDITOR
1 March 2020 • 12:01am



Just one Bitcoin transaction uses the same amount of electricity as a British household for nearly two months, new figures have shown.

The amount of energy needed to run the cryptocurrency has soared to record annual highs of 77.78 terawatt hours the same as the entire electrical consumption of Chile.

The carbon footprint of a single transaction is the same as 780,650 Visa transactions or spending 52,043 hours watching YouTube, according to calculations by Alex de Vries, a blockchain specialist, at PWC.

“People react with disbelief, but the figures are true,” said Mr de Vries who founded the Digiconomist blog to highlight the impact.

The huge energy footprint of the currency was noted several years ago, but when the Bitcoin bubble burst in 2018, sending prices tumbling from a high of almost $20,000 (£15,600) at the end of 2017 to below $4,000 (£3,135), consumption also crashed and has only recently started soaring again....

[minerve 2] 04/3/2020 11:24

WONG FOO KING SOUPS INC

[minerve 2] 04/3/2020 11:23

I hope the bat soup was worth it!

LOL

[minerve 2] 04/3/2020 11:15

All very tranquil on the London market this morning.

Wait until the US comes on-line.

[minerve 2] 04/3/2020 11:14

"What a bunch of moaning scaremongers today...........Bye, logged off and out."

ROFLMAO!

[maxk] 04/3/2020 10:52

A small snapshot of central londonistan: Oxford Street looking very quiet.

Retail to take a big hit?

[utrickytrees] 04/3/2020 10:30

3 new cases of C19 reported in Scotland. Public Health Scotland issuing the same advice on preventing contamination by washing hands etc but to the tune of 'Donald where's your troosers'.
Obviously theres no mention of work place prevention in the Scottish draft either.

[action] 04/3/2020 10:20

Too much exposer with LLOYD.need to wait for int rate cut and uk budget b4 doing anything.