Royal Bank Of Scotland Share Discussion Threads

[leedskier] 15/3/2020 22:58

Closing the stable door after the horse has bolted.

[leedskier] 15/3/2020 22:52

The Health Protection (Coronavirus) Regulations 2020

[leedskier] 15/3/2020 22:06

US business editor Dominic Rushe has more on the Fed news:

In a highly unusual move the Federal Reserve stepped in on Sunday to prop up the US economy in the face of the escalating Covid-19 crisis.

The US central bank announced its benchmark interest rate has been cut to near zero and said it would buy $700bn in Treasury and mortgage-backed securities as it attempts to head off a severe slowdown .

“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” the Fed’s rate-setting committee said in a statement Sunday.

“The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses.”

Fed Chairman Jerome Powell has been facing intense criticism from Donald Trump over the president’s perception that he has moved to slow to cut rates.

He is set to hold a news conference at 6pm.

[clond] 15/3/2020 10:38

Two generations have been lucky and the way of looking after oneself is going to be tested.
Until we go without then we will always take for granted, I include myself with this.

[smartie6] 15/3/2020 07:27

I don't have any regard too. Absolutely hate people. Everyone puts there self interests first, despicable.

[smurfy2001] 15/3/2020 00:10

If you're ill and coughing don't go outside stay in. I saw a lady today at co-op coughing constantly absolutely disgusting. This lady has no regard for other people.

[clond] 14/3/2020 23:59

Now that seems more sense than locking down society. Who packs and delivers food and supplies - trains, lorries, warehouses, medical supplies, farms, greenhouses, shipping, docks, pharmacies. Can't lock a country down for long, what the hell is Italy going to do a few weeks from now. Think UK is spot on with stages and protecting the vulnerable.

[bookbroker] 14/3/2020 14:18

Banks may benefit from all this, if the Govt. is going to underwrite UK PLC, the Treasury has now become de facto lender to the sectors hit hardest within the economy, thus alleviating the stress on the banking system.

[cfc1] 13/3/2020 17:21

Dope - wrong re TESLA>....You clearly havent really researched them at all! Anyway I will buy back and hold. Tesla is a technology company and probably a world leader on AI let alone electric cars. Go research them properly.
Anyway, no sport at all now for at least 4 weeks..booooorrrrrriiiinnnnggggg

[enormouswillie] 13/3/2020 16:01

This looks like it could be heading for trouble

[cfc1] 13/3/2020 16:01

btw - TESLA coming back into BUY range but sterling/dollar killing it right now.

[cfc1] 13/3/2020 16:00

Dope - cheers mate! LOL Should have advised your TESLA short at the start not after the event...I think you might find my post about TESLA at around $480 and buy!

[dope007] 13/3/2020 15:52

Took profit on Tesla shorts. No positions anywhere as don't trust actions either way. Want to go long on FTSE etc but not at this level and at this time as it is a pure gamble

[dope007] 13/3/2020 15:34

Trump expected to declare a national emergency and therefore invoke emergency powers.

[leedskier] 13/3/2020 13:49

is it surprising given the lack of joined up thinking across Europe?

France has closed its schools & universities, has restrictions in place to control public gatherings, and is considering closing its borders.

Meanwhile the UK approach seems to be "bring it on" we want 60% of the UK infected before the autumn.

[smurfy2001] 13/3/2020 13:06

Bear rally simple as that.

[dope007] 13/3/2020 13:05

Trillions pledged from Central Banks, rates smashed, and now short sale bans. NONE of it will create production and demand in the current enviroment. What it will do is create massive inflation down the line if they don't remove it quick. It will also create the biggest boom to bust we have seen when they try to remove it

[tfergi] 13/3/2020 12:50

I wasn't brave enough

[leedskier] 13/3/2020 12:28

Congratulations to all those who bought RBS yesterday and have made 10% on their trades.

[leedskier] 13/3/2020 12:25

This policy is toast. It is politically unacceptable.

Add to which Covid-19 is mutating and immunity from one strand does not protect from others.

We know this because some have acquired two different forms of it.

'Sir Patrick Vallance, England’s chief scientific adviser, has defended the government’s approach to tackling the coronavirus, saying the aim is to create “herd immunity” across the population.'