Lloyds Banking Share Discussion Threads

[pierre oreilly] 21/4/2020 09:33

CTR, vaccines cause herd immunity. Unless we live like this forever, then herd immunity- either natural or helped with vaccines- is the only possible answer. Covid won't cease to exist, it's with us forever. It'll be similar to the flu, herd immunity via vaccines plus natural body defences, which stops the mass spread, but everyone occasionally catching it and, like the flu, killing off the weak. No one mentions flu deaths these days, probably all put down to covid in the stats anyway. The vulnerable will always have to be mindful of covid imv, they don't seem to be to the flu. People with anything contagious shouldn't visit their granny for Sunday lunch. (Please extrapolate and don't say why are you going on about lunch).

[crossing_the_rubicon] 21/4/2020 09:21

@GBH2

I'm sure karma is coming their collective way..what it means for the rest of us who knows.

[maxk] 21/4/2020 09:20

Debt mutualisation by the back door?




EU should use perpetual bonds to finance Covid-19 recovery fund


Issue would be easiest, fastest and least costly way to establish fund needed to rebuild more than just members’ economies

Tue 21 Apr 2020 06.00 BST



George Soros



The European commission president, Ursula von der Leyen, has announced that Europe will need about €1tn (£873bn) to fight the Covid-19 pandemic. This money could be used to establish a European recovery fund. But where will the money come from?

I propose that the European Union should raise the money needed for the fund by selling “perpetual bonds”, on which the principal does not have to be repaid (although they can be repurchased or redeemed at the issuer’s discretion). Authorising this issue should be the first priority for the European council summit on 23 April.

It would, of course, be unprecedented for the EU to issue perpetual bonds, especially in such a large amount. But other governments have relied on perpetual bonds in the past. The best-known example is Britain, which used consolidated bonds (Consols) to finance the Napoleonic wars and war bonds to finance the first world war. These bond issues were traded in London until 2015, when both were redeemed. In the 1870s, the US Congress authorised the treasury to issue Consols to consolidate already existing bonds, and they were issued in subsequent years.

[crossing_the_rubicon] 21/4/2020 09:19

@MrElbee

"herd immunity is the only solution."

How many have to die to get herd immunity?

Are YOU prepared to die to get this herd immunity for the rest of us?

Herd immunity isnt the only solution - this is false.

Other solutions.
Vaccine.

[gbh2] 21/4/2020 09:05

Crossing, Managers had and have very little control, other than within their own Departments.

It's the Financial Elite that encouraged Greedy Company Directors to move Manufacturing jobs to Cheap Labour Countries and our self Interested Political Class that allowed it to happen.

[mr.elbee] 21/4/2020 08:56

so when was social distancing the right thing except for the old and frail?

Answer?
never

you all believe the ceaseless anti civilised propaganda

herd immunity is the only solution..

[xxxxxy] 21/4/2020 08:55

Maybe on track for Medieval Recovery.

[xxxxxy] 21/4/2020 08:54

New hospitals effectively empty and staff bored to back teeth.

[mr.elbee] 21/4/2020 08:54

they are marxists ..... I told you ..... PPI fraudulent claims was a marxist plot and this is the same.

[patientcapital] 21/4/2020 08:53

Ladeside, grist to the mill,"David Chao, global market strategist for Asia Pacific ex Japan at Invesco, said there was a disconnect between commodities such as oil that are sensitive to economic growth, which are pricing in a slower, more tentative recovery, and equity prices, which implied a milder recession.He said he thought the commodity market view was more realistic."We're not going to see a quick snapback recovery, or a V-shaped recovery in the U.S. or even in China, where the lockdowns have been largely removed," he said."

[xxxxxy] 21/4/2020 08:53

It will be the same death numbers in the end. Statistics will not change over a year. Sweden seems the most sensible option. No guarantee a vaccine will be produced. Then there is the mutation. If the economy dies. The NHS dies the day after.

[buywell3] 21/4/2020 08:47

20p = FTSE100 4500

[maxk] 21/4/2020 08:46

Virgin Australia goes into voluntary administration after failing to get a bailout

The airline, one of Australia's biggest providers, had asked the government for £710 million but its plea was denied

By
Telegraph Reporters
21 April 2020 • 2:05am






Virgin Australia has gone into voluntary administration after failing to secure a government bailout due to impacts of the coronavirus pandemic, the airline said.

"Virgin Australia has entered voluntary administration to recapitalise the business and help ensure it emerges in a stronger financial position on the other side of the Covid-19 crisis," the airline said in a statement to the Australian Stock Exchange.

The move follows a board meeting of the firm's international shareholders who voted against providing more financial support.

The airline had asked the Australian government for £710 million but the request was denied.

Virgin Australia's board has appointed Deloitte has voluntary administrators.

[tygarreg] 21/4/2020 08:45

Yes but you cant say there aren't large chinese communities in the big cities all over the world! I realise that's a factor in italy lombardy fashion area but it's not the only place flights from Wuhan go to!

[tygarreg] 21/4/2020 08:41

Secondly is it ever going to be possible to relax the social distancing as long as anyone in the world still carries covid? If it started from just one case, it can start from just one case again and just because 2 or 3% of our population have had it so far, it leaves plenty of fertile ground to start up again in phase 2 and phase 3. Will the countries who just let it spread, suffer the short term pain, recover quickest and prosper most?Will we, by doing the right thing, suffer the same or similar death numbers in the end but suffer a far worse and prolonged economic decline?

[crossing_the_rubicon] 21/4/2020 08:38

@Tyr

You forgot the large Chinese communities in these countries...Communities that would have been on the receiving end of mass Chinese population migration for Chinese New year.

Communist party shut Domestic traffic from Wuhan to Shanghai & Beijing around 23rd Jan. International flights were left open however.

23rd/24th Jan is when Human to Human transmission was finally admitted by CCP (despite Taiwan claiming such end of December)

[tygarreg] 21/4/2020 08:32

Why do you think western Europe features so highly in most deaths and most deaths per capita?I cant believe like the media that they all have the most incompetent governments!I have my own ideas. One major factor must be that they have the best health services in world and therefore have more old people and people being kept alive through medical intervention. Obviously covid is ripping through this section.It cant just be that they have large, dense populations and major transport hubs or major tourist destinations or cheap air travel. Western Europe has no monopoly on that.

[xxxxxy] 21/4/2020 08:24

No Delay.No DEAL.The EUSSR is a bad bad place.

[ladeside] 21/4/2020 08:18

I'm just wondering if we may be seeing the start of another mini correction ??

[ladeside] 21/4/2020 08:04

We already know our government have refused their own share of the EU quota for PPE and other essential medical supplies and drugs.

The EU are completely perplexed as is everyone else involved.

Absolutely crazy...

[xxxxxy] 21/4/2020 07:37

Dear ConstituentBy JOHNREDWOOD | Published: APRIL 21, 2020The government has decided to continue the lock down for another three weeks. They are afraid that an early relaxation would allow the virus to spread more rapidly again, losing some or all the gains  seen in fewer patients going to hospital in recent days.In response to past representations by myself and others  the government is now doing more work on a timetable for getting more people back to work. It is unfortunate  there may be no early arrival of a vaccine to protect the population in large numbers,  nor even an early medical agreement on a  treatment which makes it much more likely patients with severe cases on Covid 19 survive. For that reason  we need  to plan to live with the virus whilst still being  able to run our economy at a reasonable level of output with more people in jobs and more companies generating revenue than today.I have suggested to the government that a back to work plan should encompass new ways of working with better protection for employees. Office based businesses could encourage much more homeworking, with limited numbers of staff in the main office observing social distancing. Factories and warehouses need to operate at levels that do not require staff to be close together, with additional automation where necessary. Any business staff in touch with the public should be given protective screens or personal protective clothing suitable to the risk level.We should continue to give strong advice to at risk groups to stay at home, and do more to support them with remote technology to ensure deliveries and safe social contact. The protection of care homes needs more work. I supported moves to ensure all patients to be discharged from hospitals back to care homes should be tested . We need to  avoid introducing the virus into a home  through the return of a patient . I am pleased the government has now promised to do this.Yesterday saw the Furlough scheme to subsidise employment which I have long championed open for claims. It is vital as many jobs as possible are saved by this means, to keep them in being until their employers can re open and afford the wages again. The self employed package still excludes some groups who deserve support and is still on the low side so I am asking the Treasury to look again at it.Let us hope the positive trends in cases and deaths continues as a reward for the sacrifice many are making. On the latest figures too many people are still dying, but our death rate in relation to total population is still well below Belgium, Spain and Italy who have suffered particularly badly. The next few days are important. If the rate of death and of new patients to hospital continues to decline we should be able to start to relax controls. In the meantime I am conscious there are pressing needs like getting more dentists to work on emergency treatment, and tackling some of the backlog of medical appointments that were cancelled or delayed to make way for Covid 19 patients.I would like to say another big thank you to all of you who have volunteered to help in so many ways. Some are delivering food parcels, some tackling loneliness of those staying at home alone, some are making protective clothing. I also wish to thank all who are going to work to care for people, to treat people in hospital, to provide us with food and to keep basic services and deliveries going.Yours sincerelyJohn Redwood

[alphorn] 20/4/2020 23:31

max - Presumably much of that stuff was imported as not made locally.

My question would be is it being re-exported to take advantage of higher prices?

Are we hearing the whole story?

Agree, seems crazy anyway.

edit: Discussed on Sky now - seems a scandal.