Royal Bank Of Scotland Share Discussion Threads

[leedskier] 24/7/2017 11:13

I understand steve.



ONS reports shrinking to fit the wallet.


More than 2,500 products subject to shrinkflation, says ONS

[smurfy2001] 24/7/2017 10:52

Back down to below 200p? One wonders what the Doj fine will be given the $48bn in fines paid so far. Could be very painful for RBS.

The DoJ more usually reaches settlements with major financial firms over its investigations and has done so in relation to RMBS with a number of US banks, including JP Morgan, Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch and Citi. The US has recouped $48bn so far as a result of the mortgage bond mis-selling.

[steve73] 24/7/2017 09:45

leeds - 931.

Let's hope it doesn't frighten them too much or we may find it getting (even more)heavily censored...

edit... there's a lot that I'm unable to say due to where I live..

[maxk] 24/7/2017 09:23

Thinks you are right leeds.

And I think (old) labour are getting very worried about DD taking the helm.



As poisonous a piece as I've read lately:

[leedskier] 24/7/2017 09:16

maxk, politicians are beginning to understand the power of social media and it is terrifying them.

[leedskier] 24/7/2017 08:02

Britain’s finance ministry has responded to the news that the International Monetary Fund have cut their UK growth forecasts this year.

A Treasury spokesperson insisted “the fundamentals of our economy are strong”, adding that the ongoing Brexit talks are crucial:

“This forecast underscores exactly why our plans to increase productivity and ensure we get the very best deal with the EU are vitally important.”

[leedskier] 24/7/2017 07:34

The Germans are going to have to help out in rebalancing Europe if they want to keep the Euro in play!

Germany would be the net losers if it was forced to trade using the DM.

[leedskier] 24/7/2017 07:31

In my post 147918 on 20 July, I commented that the French will not do austerity.

Online France24 news channel reports

French President Macron’s popularity plummets amid cuts uproar

© AFP Archive | French President Emmanuel Macron
Text by Anna SANSOM
Latest update : 2017-07-23
French President Emmanuel Macron’s popularity has suffered the biggest slide in three months since Jacques Chirac, according to a poll published on Sunday in a French newspaper.

Macron’s honeymoon seems to be over as a sweep of budget cuts affecting the army, housing benefits and feminist associations has dented his popularity.

The poll, published in the Journal du Dimanche (JDD) newspaper, said 54 percent of people in France were satisfied with Macron in July, compared with 64 percent in June.

The only French president to have seen his popularity fall more than that in three months is Jacques Chirac in 1995, the paper claims.

A wide range of budget cuts that Macron has made in order to reduce public spending by €60 billion during his presidency has proved controversial.

[maxk] 21/7/2017 20:12

The Germans are helping, helping themselves at some cost to the sunset countries.

[leedskier] 20/7/2017 21:14

I rather think that he thinks that the Germans should do more to help.

[maxk] 20/7/2017 20:54

What is he proposing? (if anything other than platitudes)

[leedskier] 20/7/2017 20:51

I think Draghi keeps on keeping on saying that monetary policy can only achieve so much, and what is needed is fiscal reform.

[maxk] 20/7/2017 18:15

Well, "printing" zillions and giving it to the banks don't seem to be working.

Why not try helicoptering some cash into ordinary peoples hands?

[leedskier] 20/7/2017 17:47

Add

Perhaps I should stated that which is well known, namely that any lingering aftermath of the 1930's Great Depression in the USA was cast aside by the war effort there.

[leedskier] 20/7/2017 16:57

Notwithstanding the best (or in Dope's book -- the worst) of the Central Banks endeavours to stimulate real growth and earnings, nothing much is happening globally, other than that Netflix is signing up more viewers, which suggests fewer are going to the cinema to watch movies.

Makes one wonder whether the demise of the major European investment banks is the cause or effect of any of that.

France is now attempting to reign in public expenditure. Not sure that the French will do austerity.

If I seem a touch depressed about the economic future, it is because I am.

After WWII the Americans were off to the races. The Uk and much of Europe was financially flattened. There were three decades of pain before there was real growth on this side of the Atlantic.

[dope007] 20/7/2017 15:00

Soon it will be cold weather boosts retail sales as everyone shops online

[avatar333] 20/7/2017 14:16

Hot weather boosts UK retail sales

[dope007] 20/7/2017 14:15

Inflation is everywhere and Draghi knows that. Wages have gone nowhere and so we have the worst possible outcome. stagflation which destroys profitability

[smurfy2001] 20/7/2017 13:58

I wonder where the €60bn goes every month.

[leedskier] 20/7/2017 13:57

Draghi: Early tightening would jeopardise the recovery

Q: Is the ECB worried about triggering a taper tantrum, like the US Federal Reserve experienced, when it slows its bond-buying programme?

Inflation is not where we want it to be, nor where it should be, Mario Draghi replies firmly.

That’s why a substantial degree of accommodative monetary policy is still needed.

He strikes an upbeat tone, saying that the eurozone is now enjoying a “robust” recovery.

We only have to wait for wages and prices to follow course.
The last thing the Governing Council wants is an untimely tightening that slows down this process, or even jeopardises it.

[smurfy2001] 20/7/2017 13:53

Good news l guess