Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
To boost share of Chinese yuan while reducing U dollar holdings.
Survey by OMFIF . GLOBAL INVESTOR SURVEY.
By London based financial Investors Forum
https://on.rt.com/bcz6
All I ca say is US Sanctions don't work ,Global Investment and "Belt and Road do.
Slowly, slowly does it, I think. Thanks for the link Mr B.
The West is becoming ever more draconian towards its people, in the time honoured fashion of falling empires. We have no statesmen today who have the necessary gravitas to give an opposing view and be listened to and respected by the people. Revolution in France starting 23/24 September this year? That'll raise the price of gold, but I'd rather we got that rise without the conflict.
https://www.armstrongeconomics.com/world-news/civil-unrest/is-a-revolution-coming/
I have spent a lovely afternoon in the garden, and shall sit in the deckchair outside tonight and see if I can catch a glimpse of the Perseid meteor shower. It should be fairly cloud free.
If the shops start having difficulty supplying food, I shall have an all apple diet option for this year. The trees are heaving and I've been thinning the apples on the trees every evening during this last week. Discovery's first at the end of August, with William pears and plums. At least I won't get scurvy.
If I didn't read the news, I'd never know the world was in such a mess.
Hi Red,
What a bunch of crooks we have for a government,, they only care about themselves whilst wasting money at a truly alarming rate, the NHS & social care is starved of funding unless we pay more tax supposedly ring fenced , my rear end, why do people trust the buggers!
The Tories are just a bunch of spivsters!
A former Tory councillor was given a £120m government contract for personal protective equipment (PPE) which is now lying unused because of concerns about its quality, it has been revealed.
Steve Dechan, who owns medical device manufacturer Platform-14, had his offer to supply protective equipment from China fast-tracked through the government’s controversial “VIP” lane.
The Sunday Times newspaper reports that fewer than 1 in 400 of the face shields procured by the company on behalf of the government have been used, because the regulator does not believe they meet the right standards.
The original order for 120 million shields has delivered just 274,200 into the NHS supply chain, representing 0.23 per cent of the overall stock.
It means the shields used so far have cost the equivalent of £423 each, despite similar ones being available to buy online for less than £1.
The Health and Safety Executive (HSE) has to authorise all PPE that is not CE marked (an EU designation that means it complies with European standards).
But the regulator said: “None of the documentation provided to HSE indicated the product to be CE marked.”
The regulator wrote to officials in September last year saying the shields “cannot enter the NHS supply chain” and repeatedly refused to approve them.
https://www.msn.com/en-gb/news/uknews/former-tory-councillor-got-%c2%a3120m-vip-lane-government-contract-for-face-shields-now-lying-unused/ar-AAMxuZ4?ocid=AVRES000&li=BBoPWjQ&OCID=AVRES000&pc=UE00
YAAWWWWNNNNNNNNNNNNNNNNNNNNN . same ole thing with you
There is the usual mischief and shade of incompetence going on in the Central Banks.
Now we have (again) congressional inaction on the artificial debt ceiling limit and the real (as distinct from rhetorical) budget. This nonsense is limiting how many Treasury bills and short-term government securities can be issued.
For its part, the Fed is ensuring that much of the short-term US government paper that might be available is locked up in accounts where it cannot be used to secure the myriad financial transactions that keep the global economy ticking over. Sort of like the idiot teenage horror victim who loses the keys to the escape car.
Unless you believe in fairies and cross-party goodwill, there will be no resolution of the debt ceiling and budget legislation before October or November, which means November.
At least until then, the collateral shortage will get steadily worse, which will be a drag on growth. And god help us if there is any global margin call – a demand for leveraged traders to place more collateral with counterparties – before then. The required paper won’t be there.
Fairies or gold?
best
the gnome