Everyday It is good really. The more the two main parties move to the extremes the the more M.P.s will defect to the Lib Dems. As both Blair and Cameron have admitted this week. I hope Tom Watson joins them. Then we can have a good old British compromise and revoke article 50 once the Lib Dems can put together a big enough coalition - assuming parliament ever sits again. Johnson is threatening to extend the gagging of democracy, I understand.
Everyday BBC News Bid to oust Labour's deputy Tom Watson The move will be debated at Labour's conference on Saturday and sources expect the attempt to succeed. “It is understood that it was proposed by Jon Lansman, founder of Labour grassroots group Momentum.”
Commodities Crypto ETFs FX Indices. inc VIX swamp_rat: Us500 short 3010.19 Closed 2999.86
Commodities Crypto ETFs FX Indices. inc VIX Tsla long 24087
Commodities Crypto ETFs FX Indices. inc VIX swamp_rat: Tsla short 24696 Closed 24098 (petty profit over the pair)
Commodities Crypto ETFs FX Indices. inc VIX swamp_rat: Tsla short 23550 Closed 24098
LLOYDS is going to FLY regardless: 55.51 GBX +1.45 (2.68%) Hi Regardless, Volume also looks strong. ADVFN have it at over 339m. Well above average. Probably a bit higher later as more delayed trades come through. - Regards.
LLOYDS is going to FLY Well, blow me down Lloyds Banking Group PLC LON: LLOY 55.51 GBX +1.45 (2.68%)
LLOYDS is going to FLY soi: To me it would seem that over a period of time UK interest rates will rise. If I understand correctly you think the same. How do you think that would affect UK property prices ? A softening maybe ? Not a crash. What is your opinion on say a 5 year time frame? Hi Soi, Thanks. Hard to be sure about how this pans out over 5 years due to so many variables possible from Brexit, depending if we’ve a Deal. I think we can assume that any hard Brexit will see a significant downturn in house prices. UK house price slumps tend to historically last 3 years average, before the next upward cycle begins. Brexit may extend such a slump for a little longer. I don’t think any UK rates rise will be dramatic. Wholly agree with Games that it’s a double-edged sword & some of his other perspectives. But gradual, sustainable increases to 3% to 4% max well after Brexit sorted & various related economic risks attenuate, doesn’t seem inconceivable. I could be wrong. I’m mindful that many people are on time-limited low, fixed-rate mortgages, often referred to as a time-bomb for many first-time house buyers. As these increasingly expire, mortgage repayments tend to increase for myriads bound to those contracts. Not good for FTBers, but collectively a boost for retail banks. Addendum: I agree with others that few understand how the underlying business model of banking works. LK Hyman often well expounded the point. Hence, IMO, TA here post-2008’s crisis is relevant. Resistance at 66 to 67+ since this April after hard Brexit risks increased. Resistance of 73+ over recent years, tested many times, most recently January 2018. Prior to EU membership Referendum, LLOY closing highs were about 87.67 close May 2015, with 88+ intraday. That was before it was 100% independent of government & with PPI bill far from settled. IMO, as much as some pooh-pooh technicals, these known variables are significant. IMO, a return closer to those levels later, once current macro-uncertainties affecting UK economy are behind us, is at least technically feasible. NB: As you’ll appreciate, I’m no unqualified bull who thinks this hasn’t sufficient further challenges to see the recent bounce be sold off before we see significant recovery that’s consolidated. But I shall keep adding DRIP shares here until at least 60p, as any higher no longer reduces my average. I don’t anticipate seeing my higher profit targets until post-2020, unless we get lucky with macro-factors. - Regards.
LLOYDS is going to FLY That fits @BeaglePup. You need to prove that you are an Irish or UK citizen to be entitled to the Common Travel Area arrangements. I imagine for most that means… travel with your passport.
LLOYDS is going to FLY I was travelling weekly between NI and England recently, and it was possible with any picture id, I saw quite a few people flying back and forth using their driving licence (though admittedly UK or Irish licences)
LLOYDS is going to FLY jackdawsson: Interest rates have been kept at historic lows for about a decade. That’s also curbed profits for banks. I’d be willing to bet that won’t always so in future. Hi Jack To me it would seem that over a period of time UK interest rates will rise. If I understand correctly you think the same. How do you think that would affect UK property prices ? A softening maybe ? Not a crash. What is your opinion on say a 5 year time frame? Genuine question as you will no doubt realise. Thanks soi
LLOYDS is going to FLY jackdawsson: Interest rates have been kept at historic lows for about a decade. That’s also curbed profits for banks. I’d be willing to bet that won’t always so in future In the case of Lloyds, they seem to have managed quite well in a low interest rate environment, given that their pre-tax profits have jumped from £1.7Bn in 2014 to £5.9bn last year - that also despite the PPI claims hanging over them during that period and before. Perhaps the profits have much more to do with the rigging of the housing market with projects like HTB and Funding for Lending etc. If they ever go away, I imagine that the crutch will be removed whatever the interest rates look like - but higher interest rates in themselves must surely be a double edged sword in that it increases Lloyds margins on one extent and increases its bad debt % on the other. I must admit to having no clue about what Lloyds share price will ever do from here and would gladly see the back of it in my portfolio, given a decent upswing in the price – possibly when the UK leaves (laugh out loud – we won’t in reality I suspect) and there is a short term sugar rush in the markets. Soi seems to think the share price is on the way down, I hope he is wrong, because I want a comfortable exit here. Games
LLOYDS is going to FLY soi: I doubt even 10 % of those invested in it can actually understand the accounts. Soi, I doubt few if any of Lloyds management understand the accounts! Games
LLOYDS is going to FLY Eadwig: I would be amazed if he didn’t have a $10m+ advance. Perhaps that is high. But Blair got £4.6m and Thatcher £3.5m it is reported. Then don’t forget the 6 figure per night lecture tours.