Lloyds Banking Share Discussion Threads

[jl5006] 18/10/2020 20:13

And without Van D - liverpool will not win the league - sadly.

[jl5006] 18/10/2020 20:08

Sky et al loving every moment these so called experts strutt their stuff. Latest farrar - a Sage member - so say - there will be a vaccine - JL no sage member - no there will not be - this is not a disease - known absolute - but a variant virus.
Meanwhile all Sky viewers want to book an appointment for a flu jab - nothing to do with this current virus.
World gone mad.
Tony B Liar = all ur fault for over educating the populace!

[sikhthetech] 18/10/2020 19:41

I think Help to Buy loans will become toxic... Adding to the possibility of another financial crisis..


"Now home buyers need to stump up 40 per cent deposits to get a mortgage as economic devastation from coronavirus threatens a new credit crunch"


"And the number of mortgages has fallen from 5,222 in March to 2,300 now, according to the financial data provider Moneyfacts.

The Bank of England survey shows lenders expect them to fall again over the next few months and defaults are also expected to rise at their fastest rate since the financial crisis."

[maxk] 18/10/2020 19:30

Keep em coming 5x.

[mr.elbee] 18/10/2020 18:51

and the martians are about to land as well as hyper inflation

erm money supply
erm wage pressure
erm very low pound
erm over full employment

back to the beano boys[just trying to make a crust these econmists] they dont really mean

ANYTHING

[jl5006] 18/10/2020 17:56

Yes Diku - essential reading.
U need to understand the argument - and consider - not just accept BBCese

[scruff1] 18/10/2020 17:47

Only ever held one pharma - long time ago and cant remember what it was called. Had a cancer drug (lung I think). Got to PIII and got pulled. Ended my interest

[ianood] 18/10/2020 17:43

There just showing up as filtered :) !!

[diku] 18/10/2020 17:24

Is anybody actually reading all these lengthy posts?...

[jl5006] 18/10/2020 16:41

So be it
Enough !

[mitchy] 18/10/2020 16:40

Changing the subject. I've just watched a disturbing video of a builder in the U.S
showing how much lumber prices have rocketed.


It may be nothing but it kinda fits with some economists view that we are at the start of hyperinflation.

[xxxxxy] 18/10/2020 16:03

LooksNo DealWTO

[xxxxxy] 18/10/2020 16:01

In today's brief: Gove makes it clear the UK is preparing for no-deal Brexit and WTO terms as UK cancels next week's negotiation talks. Senior Brexiteers defend Boris' position as Irish Taoiseach tries to sound positive about EU intentions.Michael Gove has warned Brussels that Britain is "well prepared" for a no-deal Brexit and will brave the "turbulence en route" to go it alone, because the EU has refused to give any ground.As the cabinet minister in charge of no-deal preparations, Gove has now made it clear that he has put his previous concerns to one side and, while it is not his "preferred destination", he is preparing the UK to trade on WTO terms.In an article for The Sunday Times, Gove accuses Brussels of reneging on a pledge to agree a deal along the lines of that given to Canada.However this morning he hinted that the door is "ajar" to further negotiations with the EU but stated that "the ball is in his court. We've made clear that we need to see a change in approach from the European Union". The EU has refused to work on a detailed legal draft text during negotiations and has not being "willing to intensify the talks", while making unacceptable demands over fishing.On Friday evening, the Prime Minister accused the EU of having "abandoned the idea of a free trade deal" and there is currently "no basis for negotiations" given that "they want the continued ability to control our destiny and freedom, our fisheries, in a way that is completely unacceptable."European Commission president Ursula von der Leyen responded with a vow to continue negotiations saying "The EU continues to work for a deal but not at any price. As planned our negotiation team will go to London next week to intensify these negotiations."However, Lord Frost spoke to his counterpart Michel Barnier, telling him that next week's planned face to face talks in London are now cancelled. A No 10 spokesman, said there was "no point" in Mr Barnier travelling to London unless the 27 member states were willing to alter their position or wanted to discuss sector by sector arrangements to prepare for no deal. "The trade talks are over. The EU have effectively ended them and we aren't going to take part in a nonsense process," a UK source told the Telegraph.  Instead Lord Frost and Michel Barnier will speak by 'phone over the next few days.One of the major sticking points in negotiations is fisheries, with French President Emmanuel Macron being particularly obtuse and intransigent on this issue. UK sources have claimed that Macron is using the negotiations as a tool to shore up his own political support in France. Meanwhile, Irish Taoiseach Micheál Martin has weighed in, pronouncing that the UK has an "enormous amount" to gain from access to the European single market and Brussels is "very much up for a deal." More likely that Ireland has a vast amount to lose if the UK trades on WTO terms!"We all owe it to the citizens that we represent to do everything we possibly can to get a sensible trade deal between the United Kingdom and Europe that would pave the way for a constructive and effective partnership into the future." continued Mr Martin. Mr Martin also expressed concern on fisheries saying that there have been "historic access rights for fishermen across Europe and vice versa for British fishermen to European waters," and "to disrupt that in any significant way would do a lot of damage economically to coastal communities, and indeed to fishermen and their families."Perhaps he should be picking up the telephone to President Macron...Senior Conservative Brexiteers have also spoken out, with former Leader, Sir Iain Duncan Smith defending Boris Johnson's latest move in an article for the Sun. Sir Iain urges the PM to "hold his nerve" and insist on the promised Canada-style deal saying that the EU need to finally realise that they are not "still ­dealing with Theresa May's surrender specialists, ­complete with home-made white flags." Former MEP Daniel Hannan writes for the Telegraph, explaining how Brussels has sabotaged any hope of a deal with its bizarre approach to Brexit talks: an approach that doesn't even prioritise the economic interests of its 27 members, but instead appears to set out to "teach the Brits a lesson".Hannan examines the steps along the way - the May leadership, the 2017 GE, the EU's belief that Britain might drop the whole idea of leaving, the French position on fisheries - that have led to today's situation, where the EU have established, beyond doubt that they are not negotiating in good faith, and calls for Britain to annul the Withdrawal Agreement.On our site we have an article by Alastair MacMillan, CEO of White House Products, in which he urges the Prime Minister to repeal the WA and NIP and to hold firm to his deadlines. You can read the full article here.

[xxxxxy] 18/10/2020 15:59

Humphrey Barclay18 Oct 2020 12:07PMMacron is hardly boosting his standing at home if there's no deal and no more fishing.6LikeReplyStephen Allsop18 Oct 2020 12:42PM@Humphrey BarclayThose with EU religion, like Macron, can brag to his electorate that he ensured that 'the UK no longer has access to the single market after Brexit', but in reality a FTA would give the UK everything we want from it, but due to EU pre-conditions for a FTA, WTO trade is better for the UK's future national interests.I'd suggest that France is more interested in Services, and their cunning plan to try get the City to move HQ's to Paris post Brexit, has failed abysmally, but Macron will look to play a medium term game there. So fish, knowing full well France has no viable international claims within the UK's Exclusive Economic Zone, or Services?I think the following quote in this paper several weeks back, sums France's position up quite accurately;"France has the most to lose from a deregulated UK and the least to gain from a trade deal. Which is why we should expect Paris to fight and fight to tie us to European standards."D.T. Matthew Lynn8LikeReplyStephen Allsop18 Oct 2020 12:58PM. Daily Telegraph @Humphrey BarclayOh and still on the Services theme, I forgot to mention that the UK by not accepting the EU's 'level playing field' and aligning to the EU in perpetuity in such policies as employment laws and taxes - that would have helped facilitate any larger City move to Paris or any other Euro area capital) - would also be a Paris 'FTA deal breaker' based on Macron's real world priorities.

[alphorn] 18/10/2020 15:50

max - it is all about the US dream, which also means the survival of the fittest. One sight to stay in the mind is the differences between Tijuana in Mexico and San Diego just across the border. Tijuana reminded me of the poor areas I saw in South Africa.
Bad news.

[gbh2] 18/10/2020 15:47

Better than working for a living Alp ;)

[alphorn] 18/10/2020 15:43

A big difference mitchy is the patent life (and competitors).

gbh - I know that you are. ;)

[maxk] 18/10/2020 15:32

This article is from the Torygraph, passed on by a mate.





Imagine if you will The Democrats winning....This will roll out EVERYWHERE and I mean everywhere, it's a peek into Dystopia, A Brave New World indeed.


Douglas Murray



Anyone who has visited San Francisco in recent years will have noticed that one of the world’s most beautifully positioned cities has turned into an American dystopia. Nowhere in the first world is actual inequality more pronounced. The proximity of Silicon Valley has made property unaffordable to anyone below the millionaire class. And when that class comes down from their towers or ventures into the centre of the city they encounter sights rarely seen outside of a zombie movie.

The incentivisation of homelessness, dire provisions for the mentally ill and easy access to legal and illegal drugs have meant that even the city’s boutique shopping streets are crowded with people who have made the streets their home. A portion of the responsibility for this lies with Mayor Gavin Newsom who, having made such a success of San Francisco, became Governor of California, to see if he could make his policies fail on a larger canvas.

Although 2020 has not been good to anyone, California has had an especially bad year. On top of Covid and the lockdowns the state has been ravaged by wildfires, Black Lives Matter protests, anti-police riots and more. And all this has come on top of a state that was already staggering under local, state-induced problems. Thanks to a succession of Democrat administrators California has the highest state income tax in the country as well as the highest base sales tax of any state in the union. Further tax rises now being proposed include not just higher taxes on the wealthy but the introduction of retroactive wealth taxes.

In the middle of all this the state seems to be making it as undesirable as possible to do business. This year California State passed legislation forcing all companies based in the state to comply by next year with a fixed quota system of board representation from “under-represented groups” including trans people and Pacific Islanders. The quota system then mandates higher board representation by the year 2022. Everywhere in the county businesses are trying to work out how they can find a way through this government-imposed assault course.

The Covid crisis has hit the state as badly as any in the union. But as in so many other places, it has also highlighted the problems that already existed. California’s overpriced real estate only makes sense for an era when people had to be in an office: where Silicon Valley’s techies were taken to work in one of their tech company’s special buses, coding away on the Wi-Fi as they were taken to their hub. Strip away the need to be in any physical locale and you strip away the pretence that there is anything sacred, inspiring or remotely special about the square miles of the Valley. It comes to resemble a disco floor after the lights have come up.

Today even the major streets of the county, like West Hollywood, are filled with shuttered businesses. Perhaps two out of every three businesses in such formerly commercial areas have closed – many of them for good. The streets are as quiet everywhere, and for as long as indoor dining is forbidden and the rich sit in parking lots eating overpriced food under strict mask laws, California’s good times are not coming back.

In even the smartest streets in what used to be America’s most glamorous city, the county’s 150,000 homeless have spilled out everywhere. In broad daylight naked people lie among blankets in the doorways of shuttered businesses. Nearly every underpass has become a tent city. Residents who call the police to ask for the now permanent encampments to be moved from their heavily mortgaged doorsteps are told that there is nothing that the authorities can do.

It is no surprise that the state’s residents are making their reaction to all this felt by their exit. Even before the current concatenation of events the state has been haemorrhaging people. Since 2015 the state has been losing an average net of 100,000 people a year. From 2018-9 the state had a net exodus of almost 200,000 people. Now the trend is accelerating.

Prominent Californians like the podcaster Joe Rogan have upped and left, announcing that they can no longer live with the ineptitude, misgovernment and ever-higher taxes that have characterised the state in recent years. At tables the discussion is about where the state’s residents will go, with one giant question mark hanging over it all. This is still Trump’s America, for sure.

But California in recent years has been a petri-dish experiment for another America – the Democrats’ America. For those who have lived that experiment up close, the prospect of a Biden victory makes the question of where to run an international, rather than a national, question.

[mitchy] 18/10/2020 15:32

Having no launch inventory was something Howard Hughes used very successfully to gear up interest and as a consequence revenue. Though a different industry to film making it's the same principle in industry. The fact that Pfizer are advertising their potential wears suggests a similar principle of economics is possibly at play here. But I'm guessing, not knowing the Pharmaceutical world at all really.

[gbh2] 18/10/2020 15:20

I'm a fan of Big Pharma, as long as they keep paying my pension :)

[utrickytrees] 18/10/2020 15:06

You'll be discussing FA Bobster, wee dugs in hospital (speedy recovery dug) so you'll have noone to plagiarise.

[bargainbob] 18/10/2020 15:02

Utricky get someone to tell you the meaning of “significant“ , then we can discuss further.

Tell me when you are ready.