Lloyds Banking Share Discussion Threads

[mr.elbee] 18/11/2020 12:21

And pray tell me when this administration respected the wishes of the British people over

ANYTHING?

[geckotheglorious] 18/11/2020 12:12

Graham

But why did Govts around the world do what they did - the China virus.

Communist China has achieved what many nations throughout history have only managed to do by war.

Public finances were wrecked long before Covid-19 as well, cmon, you know that.

The impending debt collapse has been well telegraphed since 2008-2009 rehearsal.

[minerve 2] 18/11/2020 12:11

"In directing growing trillions held in passive funds, index compilers are the unacknowledged arbiters of global capital flows. Sooner or later, they will be held to greater account." - FT

Absolutely. That is why I have ZERO invested in passives.

[mr.elbee] 18/11/2020 12:11

Trump has won hands down...no argument whatever watch ALL of this video if you value a happy future

Ignore it at risk of being seen more stupid than you already are

[minerve 2] 18/11/2020 12:11

Take it however you like.

[ekuuleus] 18/11/2020 12:04

I'll take that as a no then.

[grahamite2] 18/11/2020 12:02

GeckotheGlorious18 Nov '20 - 11:47 - 320709 of 320710

The Communist China virus has destroyed much of the economy.

No - it's the idiotic response to the virus of our government that has done that, and of course wrecked the public finances into the bargain. We should have taken a much more laissez-faire approach.

[minerve 2] 18/11/2020 11:48

Eku

Don't try and argue investments and currencies with me because you will most likely lose.

I'm not even going to answer that stupid question.

You are addressing 'Minerve'.

[geckotheglorious] 18/11/2020 11:47

Large and global companies have no excuse for not be prepared for 1st Jan 2021.
They've the resources to prepare for the worst case scenario and could easily have done so rather than spending their time lobbying to have Brino/No brexit foisted upon us, the electorate.

What of small companies or medium size ones you ask?

Small companies are toast. This second shutdown will finish them all off.
Many medium size companies will also be finished off with this second lockdown - a lockdown that will extend into march/April next year...

We might get some temporary respite for christmas,but should resign ourselves to the inevitable.

The Communist China virus has destroyed much of the economy. The indebtedness will finish off the rest.

[ekuuleus] 18/11/2020 11:44

do you even know what fiat means?

[minerve 2] 18/11/2020 11:24

Alphorn

"We can continue the conversation later as need to go out just now"

Thanks for the reply. Stay safe. :)

[minerve 2] 18/11/2020 11:23

"What, and pound and dollars do? Well no they don't, they are fiat."

They do have value actually: they are backed by the promises of the central banks.

[alphorn] 18/11/2020 11:22

M2 - thx for that reply. I still think a bit dismissive, even though I have no holdings. You are touching on the wider question of what is value - what is something worth? Stock markets you mention as having checks and balances and tried and tested methods of valuation. Do they, are you sure? I am not.
(We can continue the conversation later as need to go out just now).

[minerve 2] 18/11/2020 11:20

Eku

You have missed the point completely (no surprise there though, eh): What does economic utility mean?

[minerve 2] 18/11/2020 11:19

Eku

"you are a larf aren't you. stock market valuations? I have one word: Tesla

Income stream!?!?! Another word, Amazon."



Your point is what exactly?

[ekuuleus] 18/11/2020 11:18

Bitcoin doesn't has value?

What, and pound and dollars do? Well no they don't, they are fiat.

In fact, given the governments' prospensity to create more fiat, people are losing trust in pounds and dollars in favour of something that governments and banks can't corrupt.

[bargainbob] 18/11/2020 11:16

Indeed it was promised pre 2014 lol to Scotland

[ekuuleus] 18/11/2020 11:15

min

you are a larf aren't you. stock market valuations? I have one word: Tesla

Income stream!?!?! Another word, Amazon.

[minerve 2] 18/11/2020 11:14

Alphorn 18 Nov '20 - 09:29 - 320685 of 320693

M2 - Firstly, for transparency I do not and never have held any crypto positions.

IMO you are overly harsh on your crypto views. The underlying ideas I believe are not purely pie in the sky. Stripping away the blockchain from the 'currency' is IMO likely to make many changes that will stay with us. The 'currency' piece is dependent on limited controlled supply which we could both question I imagine. The fact that governments and central banks are looking at the subject must tell us that it is not total rubbish.

Supply and demand also plays a part in all asset classes. The fact that £1m moved into CHF a few years ago and kept in a plain current account could be moved back to give over £2m today is an example.

(I am still not holding any cryptos at the end of this post btw). ;))


The crypto thread below is meant to be a learning thread if anybody interested:





Obviously blockchain technology has benefits and uses and even perhaps its use as a currency in the future when its economic utility is omnipresent and regulations, supply and demand data and economic flow allow for valuation. I'm referring to the here and now.

I think it makes sense to follow the technology and watch how eventually it may fit into economies but as an investment today it is not. If you fancy a 'bit of fun' and treat it like a night at the casino then fine, that's a different thing altogether. I own 2 Million Iraqi dinars for example, I had a bit of fun trading them with other folk in our US gated community well over a decade ago. I put them in an envelope and forgot about them! LOL!

[geckotheglorious] 18/11/2020 11:05

Cheshire,
This built up UK boat fleet transition is nothing but another Remainer diversion.
We've had plenty of time to start building a fleet just as companies have had plenty of time to prepare for Brexit - their base assumption should have been prepare for no deal( that way they ready for even the worst case scenario)

So what have they all been doing? Hoping Brexit becomes Brino, or is overturned.

So if they are not ready I have no sympathy.

[alphorn] 18/11/2020 11:05

Are they max?

[cheshire pete] 18/11/2020 11:03

Gecko 691 Agree 100% top man.

[cheshire pete] 18/11/2020 10:59

Don't buy it either stoned...and why haven't we started building new fishing boats already, after all everyone knew we were leaving and transition ended 31/12/20 didn't they.
How long does it take to order, build, commission a new trawler...we could have a labour government before any start bringing fish home and we know what they'd do.

What is so awful about no-one having the fish anyway, people used to moan about dwindling fish stocks and it would allow them to build back up then we could build up our fishing fleet as suits us....and take back control. What we were promised, nothing more nothing less.

[bbalanjones] 18/11/2020 10:59

Memo: Boris to Dido : We both need to get out of the firing line for some respite. How about using 'Track 'n' Trace' for the job? It might convince some it really works.