Lloyds Banking Share Discussion Threads

[diku] 16/6/2021 11:49

mr e...of course there is always a way round to it...my point being too many questions asked to reveal oneself before getting even response to a basic question...

[mr.elbee] 16/6/2021 11:42

Diku.

I refuse to give those details TO A CHAV UNDERLING AND INSIST ON SPEAKING TO THE BOSS AND THEN HAVE NO PROBLEM

THERE IS always A WAY

[diku] 16/6/2021 11:41

So who are these people that are so gullible...one gets cleaned out and the other one comes along twice the speed...or there seems to be a guaranteed perception now that every time the market crashes the Central Banks will step in to support...so what do the punters do?...buy buy buy as the market keeps giving free money...this is then recycled into the economy...money goes round in a circle...




maxk16 Jun '21 - 10:54 - 341996 of 341999
0 1 0
MB

As long as you can gull someone into accepting your paper, you are never out of ammo

[psychochopper] 16/6/2021 11:28

Lefrene, it is clear you have no idea what you are talking about, and not for the first time.

First of all, I posed the question to you regarding record reverse repos currently being enacted by the Fed - I.e. the vast excess liquidity of US banks being deposited at the Fed for zero return. Of course, you did not have an answer. As far away from he reality of a bust banking system as mere words can describe.

On the issue of the conversion of Gilts to perpetuals, this would be by definition a default with consequences an order of size greater than the current issue of a post-war high debt to GDP ratio. You might also consider the direct effect of doing this upon U.K. banks, which would likely not survive this as well as all U.K. pension funds which, by regulation, must match assets to liabilities to a degree where around 70% of long dated assets are Gilts versus 30% in equities and other asset classes.

As for the U.K. refinancing, or at least raising debt thereafter, no chance. You need to stop reading your comics.

[scruff1] 16/6/2021 11:17

M2
That's a frequent fly comment of yours. I dont profess to know it all, far from it though I wish I did. I thought these boards were to express opinions.
For what it's worth and depending on your stash - buy all of them

[mikemichael2] 16/6/2021 10:59

"Get ready for a blowout collapse.
Central banks have shot their bolt, out of ammunition"

-----------------

Folk have been saying that for years!! scruff1, you know it all, what should I do??
I have a stack in the bank doing nothing, should I buy gold? buy a house? classic car?holiday lodge?

If all goes 'wrong' winter time could be interesting.

[medieval blacksmith] 16/6/2021 10:55

There are not that many perpetual bonds out there and those that are are generally held by smaller investors. Institutions I would expect are not that interested generally in perpetual bonds because whether they are pension funds or insurance companies they generally match bond assets against liabilities and if they want the capital back from perpetual bonds they would purely rely on the secondary market with no maturity guarantee.

[maxk] 16/6/2021 10:54

MB

As long as you can gull someone into accepting your paper, you are never out of ammo.

[medieval blacksmith] 16/6/2021 10:47

"You are never out of ammo when you can print your own.."

Really?

I don't think so.

[lefrene] 16/6/2021 10:40

scruff1, I have answered maxk's question. Perpetual Bonds don't have to be bought back in at the end of their maturity, thus the governments cease having to worry about getting money to buy back Bonds at maturity, remember many of these Bonds have a short life of 2 to 5 years, a great many are 10 year bonds, once all Bonds are declared perpetual, the cliff edge of having to create or get money via more taxes to buy them back at maturity, disappears.

Vast numbers of recent Bonds have a coupon of 2 or 3%. Raise rates to 5 or 6% and the value of those bonds collapse, but because they have been made into perpetual Bonds, they don't have to be bought back until it suits the purse of the Treasury. So it makes it more affordable for the Treasury at it's convenience, to buy back bonds for cancellation.

[scruff1] 16/6/2021 10:28

I think you need to answer max's question.
I can see some thieving scheme being devised. Remember cyprus a few years ago ?
Gonna be interesting what happens to fatty's popularity when furlough ends and the fan starts doing its work. No wonder he doesnt want lockdown to end and the inquiries to start.

[lefrene] 16/6/2021 10:25

The government would buy them back in to cancel them, to reduce debt and get their books straight over time. Or at least that's what a responsible government would do.

But very likely once they saw how the wheeze worked to save the current situation, these cretins would very likely start to game things again to create yet more currency to squander on yet more vanity schemes.

[maxk] 16/6/2021 10:16

Who would buy these bonds?

[lefrene] 16/6/2021 10:14

IMO the covid thing is a deliberate exercise to get inflation going and to hide the biggest global banking crash in all history, which revealed itself when the Repo-Market stalled on 17-09-19. They need a 're-set' because the world is buried in unrepayable debt. So deliberately wreck economies so that they can be 'rescued', and provide an excuse for fiscal measures that would otherwise be unacceptable.

I'm expecting that globally government bonds will be made perpetual, thus they don't have to be paid out when they reach maturity as they never mature. Once you have done that you can raise interest rates (to quell the covid inflation you understand). Higher rates collapse the value of these now perpetual bonds with low coupons, thus they can be bought back over time at a fraction of their issue price.

IMO it's only a matter of time before they do this, and quite likely this year, as there's nothing to be gained by delay.

[scruff1] 16/6/2021 10:00

Careful
Successive prudent conservative govts have worked - usually unpopularly - hard to keep costs and inflation under control. Unfortunately we now have an unfit for purpose leader who in his desperate need to be popular has undone much of the work. He promises all sorts of things that will need shed loads of cash. His net zero is totally uncosted. That wont bother him cos he has no script. His continuing indefinitely of lockdown is another example of his total lack of awareness or care of life after boris (aka winston)

[geckotheglorious] 16/6/2021 09:55

asa8
Post 341977
"I wonder how many dinghys arrived yesterday"


And I wonder how many of those bogus refugees arriving have Covid.

So whilst we quarantine, the Virus just slips in with these illegals dropping anchor mid English Channel then getting rescued and brought to our shores.

Flights from hot zones continue well past their responsible date.

Utter waste of time us quarantining therefore.

[maxk] 16/6/2021 09:51

You are never out of ammo when you can print your own..

As the €uro cheerleaders are finding out to their cost.

[careful] 16/6/2021 09:35

Inflation on the rise.
If it really takes off and interest rates rise the economy will be in serious trouble.

Covid has had no real influence because of HMG pouring £200bn into the economy.
World debt stands at an eye watering $290 Trillion.

Get ready for a blowout collapse.
Central banks have shot their bolt, out of ammunition.

[diku] 16/6/2021 09:23

scruff...yes...Brexit was the old adage used...now its all about Covid...but some use it as a dual reasoning...

[diku] 16/6/2021 09:21

You call an estate agent inquiry about a property details...and they twist the conversation into asking you about your life history...what is full name...what is address...what is your contact number (mobile and landline)...what is your date of birth...have your got your finance ready...who is your finance with...blah blah blah...and who are these people you entrust with your personal details...could be working there today and gone tomorrow...call it Data Protection Act...

[scruff1] 16/6/2021 09:09

M2
Dont remember anyone making a connection with Brexit. Timber has gone up hugely from canada and the states. They were saying the pandemic was the reason.

[scruff1] 16/6/2021 09:05

Should know when fat boy says hes going to level up hes going to u turn and level down. At least hes going to make us level gender

[mikemichael2] 16/6/2021 08:55

Building materials are going up because thousands are doing work at home, billions pumped into the economy is being spent, nowt to do with brexit.

[pal44] 16/6/2021 08:39

yes even price of Tesco Basics is going up sign of times to come ..