Royal Bank Of Scotland Share Discussion Threads

[gcom2] 07/10/2013 15:19

so , you cant find any british company to short sell?

[dope007] 07/10/2013 15:17

Ramco, just because he asks doesn't mean you need to answer.

Anyone, Tesla, up again on a down market, so added a tiny bit to the tiny short on this ramptastic stock, supported financially by non other than Obama and his tax credits

As for the market Ben ain't shut down, so he is still devaluing everything in site with his money printing

[ramco] 07/10/2013 15:15

Gosh Leeds you do ask some difficult questions....lol on the first part absolutely ...on the second even if there was a precedent it will not necessarily be denoted or classified as such...others pls forgive the as follows but it elegantly presents the nonsense in all its glory...in an attempt to answer the unanswerable....

Budget process Until 1974, the congressional budget process consisted of creating programs and funding them. In the 1970s, it became clear that there were conflicting priorities between the authorizing committees that created federal programs and the appropriating committees that funded them. The result was federal spending chaos and an ever-increasing federal deficit. In an attempt to bring order to this problem, Congress enacted the Congressional Budget and Impoundment Control Act (P.L. 93-344) in 1974. This law established a procedure to help organize the many policy and spending decisions Congress makes every year into a coordinated whole. Think of the budget process as a blueprint for the federal program and spending priorities as seen by the Congress. It establishes the overall parameters under which decisions about appropriations and authorizations can occur. The budget process is designed to help lawmakers focus on overall goals rather than the piecemeal decisions that characterized congressional spending decisions in the past. It begins with the release of the President's proposed budget early in the year, along with detailed justification materials prepared by Federal agencies which are submitted to the House and Senate appropriations subcommittees with jurisdiction over the funding for each agency. The President is required to submit his budget for the upcoming fiscal year to Congress on or before the first Monday in February. The Congressional Budget and Impoundment Control Act of 1974 requires Congress to adopt an annual budget resolution covering the upcoming fiscal year plus the four subsequent years before it enacts any appropriations. Congress is expected to adopt a budget resolution by April 15, but this deadline is frequently not met. The budget resolution establishes a target spending ceiling and revenue floor for the upcoming fiscal year. Further, the spending ceiling total is subdivided into separate functional category (or national priority) totals. The House and Senate Budget Committees have exclusive jurisdiction over budget resolutions and their enforcement. The budget resolution follows the normal legislative process path up to the point where a bill would be sent to the President. Since the budget resolution is an internal congressional housekeeping measure, it does not go to the President for his signature and it is not considered binding on congressional decision-makers. Congress may adopt a later budget resolution that revises the previously adopted concurrent resolution. The budget resolution is adopted in the form of a concurrent resolution accompanied by a written report. After Congress completes action on the concurrent resolution for a given fiscal year, it is generally not in order to consider legislation that does not conform to the constraints on spending and revenue set out in the resolution. The concurrent resolution includes language that instructs the House and Senate committees to recommend changes to achieve the constraints established in the concurrent resolution, and specifies the amount of spending reductions or revenue changes the committee must attain, but does not identify specific changes to be made. The process of passing legislation that reflects the assumptions made in the concurrent resolution is called reconciliation. The reconciliation process is intended to bring existing law into conformity with the most recently adopted concurrent resolution. After both the House and Senate pass their versions of an appropriations bill, the bill is referred to a conference committee. Conference reports on appropriations may be accepted or rejected by either the House or the Senate, but they cannot be amended in either Chamber. If a conference report is rejected, the conferees negotiate further. Once the reconciliation bill passes both Chambers, it is sent to the President and is subject to the normal procedures governing Presidential action related to the enactment of a law.

[avatar333] 07/10/2013 14:30

Perhaps a spot of 'global warming' is in order?

;

'winter temperatures in much of the country of minus 25 c.'

[leedskier] 07/10/2013 14:28

Though to add balance, this article suggests some recent improvement.

[leedskier] 07/10/2013 14:26

Speedy, demographics is at the heart of much of what is going wrong inside Russia. No-one is having children and the population is aging at an alarming rate. There is nothing new in this. It has been so since the end of communism. It is the same in a number of ex USSR countries notwithstanding membership of the Eu.

Who would want to raise a family in a police state with rampant corruption and winter temperatures in much of the country of minus 25 c.

add:

I do not suspect there is much immigration.

[leedskier] 07/10/2013 14:21

Dope it would not be so bad for those of us not blessed with US citizenship, if the 'money men' did not simultaneously screw the rest of the World too.

[leedskier] 07/10/2013 14:18

R. you are tuned into the details. Am I right in thinking that the current crisis arises from the fact that the US Congress has yet to approve the Government's budget for the current year and the whole process is shortly due to begin again for next year?

Is there any precedent for the Congress failing to approve a budget for two years back to back?

[leedskier] 07/10/2013 14:11

I wonder if Wolfgang Schäuble is advising the US Tea Party. The tactics seem to bear some similarity to those adopted by Germany when dealing with Greece and Cyprus.

[speedy] 07/10/2013 14:08

"Among the dozens of money managers, economists, bankers, traders and former government officials interviewed for this story, few view a U.S. default as anything but a financial apocalypse. "

last time Lehman collapsed, Paulson & Bernanke were threatening tanks on the streets ...

[speedy] 07/10/2013 14:05

"FTSE has been going out of sync with the DOW"

I'm shocked, Shocked, to hear that the UK casino lags behing the US. Next you will
be telling me that the Fed Reserve dispenses money like there is no tomorrow ...
and has issued a global fatwah on wage-earners that save and do not consume.

sorry begorrah . . . you touched a nerve there

[ramco] 07/10/2013 13:54

With those figures you just presented absolutely shocking that people don't want to invest in stocks 'in it'...;lol

Add: except cfc1 who is going to make an absolute killing once this share comes right...;

[begorrah88] 07/10/2013 13:53

The FTSE has been going out of sync with the DOW for years now and it is that same formula - rise less than the DOW and fall further than the DOW -

Odd really when virtually everything is controlled by synchronised bots running most of the markets thesedays. FTSE is just a poor DOW tracker nowadays and the lower rises and deeper falls are the equivalent of the fund mangers fees impacting on it.

If I was really cynical I'd think that it was almost engineered to stop people opting for the lower cost FTSE tracker funds etc

[lance corporal winstanley ash] 07/10/2013 13:49

Leeds, at some point Boehner has to allow a yes | no vote.

[leedskier] 07/10/2013 13:35

So not only has the FTSE100 underwhelmed on the way up, it has overwhelmed on the way down.

[leedskier] 07/10/2013 13:28

The S&P500 closed at 1722 on 19th September. A record high. It is called to open today at 1670. A difference of 3%.

The FTSE100 closed at 6840 on 22nd May, its high not only for the year but post Lehman -- but not a record high. It is currently 6399. A difference of 6.4%.

add:

On 19th September the FTSE100 closed at 6625. It is has fallen 4.3% since then.

[speedy] 07/10/2013 12:38

"THE state-backed Royal Bank of Scotland has been accused of blocking housebuilding on its £1bn worth of property despite George Osborne, the chancellor, demanding the construction of new homes."



And with St Hester now gone ...

[speedy] 07/10/2013 12:32

Ramco - thanks for the BoJ data, I will have another look. With the BoJ set to
buy risky assets, I do wonder whether TEPCO is on their shopping list.

[ramco] 07/10/2013 12:24

Hmmm....futures still at levels reported earlier and the latest from Boehner is that the default is not unavoidable...yep Leeds, that time again....Alcoa after the bell tomorrow...and JPM Friday....algoes paradise not that they need an excuse of course....;