Credit deflation and the reflation cycle to come (part 2)

[Green Devil]

23 minutes ago, wherebee said:

again, completely fucks the middle classes whilst leaving the 1% untouched.  all their property is in family trusts where it never 'changes hands' after death.

 

9 minutes ago, arrow said:

It would and Ukgov is thinking of abolishing cgt allowance completely and instead taxing at your partiular tax rate

 

Its starting to look like this whole pandemic scam is just an excuse to print money and extort more tax from middle income England, while leaving the 1% with more and more.

[Noallegiance]

I think we should be mindful of DBs relentless silence when the discussion centres around opinion rather than fact.

[Chewing Grass]

Just logged on to internet baking and once again been confronted with a big full page splurge reminding me that the FSCS only covers £85K per banking group which I had to acknowledge to get rid of.

Makes me glad to just still be a debt monkey.

[wherebee]

21 minutes ago, Noallegiance said:

I think we should be mindful of DBs relentless silence when the discussion centres around opinion rather than fact.

fair point.

the sky is blue.

 

back on topic.

[Popuplights]

1 hour ago, Hardhat said:

Oil doesn't seem dead this morning! Now in profit on all the oilies.

My RDSB is looking a lot healthier too. Soon be broken even. 

[CVG]

24 minutes ago, Chewing Grass said:

Just logged on to internet baking

That's the problem with dough .....

[JMD]

14 hours ago, AWW said:

That future is already here. You can't spend your money in the pub at the moment, or anywhere else the authorities deem to be non-essential.

Yes, those government money/credit(?) vouchers (Rashford will be choking on his free school meals, he aint seen nothing yet!!) will be for food and other essentials only. The economics and the policies are alighning...

When it comes to the macro - MMT theory states governments can create and spend almost unlimited money, so long as it's spent on productive goods/services - such as infrastructure/education. Apparently these items are non-inflationary (they are also vote-winners, but i'm sure that's just coincidence) - anyway, we needn't worry our heads, because 'If' inflation is detected, governments would just stop printing.

And even if a 'prudent government' did stop printing, as DB says, leads/lags, etc, it will already be too late at that point to turn of the money taps. 

[Yellow_Reduced_Sticker]

28 minutes ago, Popuplights said:

My RDSB is looking a lot healthier too. Soon be broken even. 

 

YES...oils looking VERY Rosie!

 

Last month RDSB hit a LOW of around £8.70...HOW many on here thought RDSB will probably go LOWER and hung on...???

 

Bloody well makes ya sick don't it...WHEN ya FORGET to buy MORE at bargain prices!

 

Still at least i bought more around the 12 quid mark BETTER than my 1st buy of 19 quid!!!

 

Wonder if they will go down again to that LOW when we finally get the BIG KAHUNA???

 

What does Mr Hunters crystal ball say...

 

 

[Popuplights]

3 minutes ago, Yellow_Reduced_Sticker said:

Still at least i bought more around the 12 quid mark BETTER than my 1st buy of 19 quid!!!

What is your average? I'm at about 14.50

[AWW]

7 minutes ago, Yellow_Reduced_Sticker said:

Last month RDSB hit a LOW of around £8.70...HOW many on here thought RDSB will probably go LOWER and hung on...???

 

I thought it might go lower and bought more... 863.86. Sold that tranche last week 😢

[Yadda yadda yadda]

2 hours ago, Democorruptcy said:

Re potential CGT changes this is one I haven't read before

Looking at inherited property, that would be a big change if brought in?

 

 

That is a way of taxing those who don't require expensive end of life care homes to pay for those that do but do not have property to sell. Those that need expensive care and have to sell property still won't get to retain any value though.

Unintended consequence that a lot of people will downsize thus realising those gains tax free. I wonder what this extra turnover of housing will do for prices, especially as there will be a lot of large family homes for sale...

[JMD]

On 16/11/2020 at 23:38, sancho panza said:

Been doing some reflecting on the year so far and looking back, I really wish we'd built a decent position in copper whilst the market was low in March/April.

Or any good websites/blogs where I can read up on the sector?

hi SP, i was visiting the visualcapitalist.com site and remembered copper being discussed recently on here. I like this site, lots of different topics covered, though perhaps its a bit basic (however, i'm a sucker for nice graphs and pictorials!). 

Btw, you also mentioned redoing your copper scs's, did you get round to doing that, i'd be interested in seeing if you did?

Links should work...  

Infographic: Visualizing Copper's Global Supply Chain (visualcapitalist.com)

Copper: Critical Today, Tomorrow, and Forever - Visual Capitalist

 

 

[Yellow_Reduced_Sticker]

10 minutes ago, Popuplights said:

What is your average? I'm at about 14.50

 

When they hit £14 I'll get my money back, thing is in May they hit just over £14 quid and i thought i should sell out as they went up too fast, BUT yet again i bottled it and hung on, ONLY to see 'em go to £8.70!

 

Don't get me wrong I'm in the long haul with oil - it just that i like YRS-BARGAIN prices HA-ha!

 

AnyHOO...just checked my portfolio and its UP 10.5%! (Thanks @DurhamBorn )...so can't grumble...OR maybe i just like MOANING!

 

7 minutes ago, AWW said:

I thought it might go lower and bought more... 863.86. Sold that tranche last week 😢

BUGGER ain't it?! WHY...Are you not in it for the long haul ?

BTW, next time ya sell at that price shoot me a message and i'll buy 'em of ya!

[AlfredTheLittle]

1 hour ago, Noallegiance said:

I think we should be mindful of DBs relentless silence when the discussion centres around opinion rather than fact.

He's at work 🙂

[TNS]

IN THE BLACK AT LAST!! (well apart from that which shall not be named)

[wherebee]

24 minutes ago, Popuplights said:

What is your average? I'm at about 14.50

10.20

 

I'm a lucky bunny.

[AWW]

16 minutes ago, Yellow_Reduced_Sticker said:

Are you not in it for the long haul ?

I am, but I had a quarter of my portfolio in RDSB. That's getting into "can't sleep at night" territory for me.

As the saying goes, nobody ever went bust taking a profit...

[wherebee]

Just now, AWW said:

I am, but I had a quarter of my portfolio in RDSB. That's getting into "can't sleep at night" territory for me.

As the saying goes, nobody ever went bust taking a profit...

Problem is you get taxed on that profit this tax year.  I'm tempted to sell some when it is 25% off, but am aware that means in reality about 20% once you take tax into account.

[Green Devil]

43 minutes ago, Yellow_Reduced_Sticker said:

 

YES...oils looking VERY Rosie!

 

Last month RDSB hit a LOW of around £8.70...HOW many on here thought RDSB will probably go LOWER and hung on...???

 

Bloody well makes ya sick don't it...WHEN ya FORGET to buy MORE at bargain prices!

 

Still at least i bought more around the 12 quid mark BETTER than my 1st buy of 19 quid!!!

 

Wonder if they will go down again to that LOW when we finally get the BIG KAHUNA???

 

What does Mr Hunters crystal ball say...

 

 

Good call, YRS. I was waiting for a pullback to 690 ish, to buy a chunk but we were saved by the vacinne, good entry, congrats to all that loaded on oilies!

[Yellow_Reduced_Sticker]

"Once Covid-19 is over, we’re going to see an economic BOOM"

 

I reckon those CHEEKY BUGGERS at moneyweek are reading this thread!

 

I keep seeing “roaring 20s” etc ...popping up in their articles!

 

Hey @DurhamBorn - as this thread is YOUR copyright/intellectual property rights - ask moneyweek for some royalty payments, tell 'em once they start PAYING ya...  YOU can jack ya job in and POST MORE!!! + BUY more BP & RDSB with their generous payments!

 

As I've given ya the idea, i'll accept NO less than 10% commision! 

 

 

 

[geordie_lurch]

47 minutes ago, Green Devil said:

Good call, YRS. I was waiting for a pullback to 690 ish, to buy a chunk but we were saved by the vacinne, good entry, congrats to all that loaded on oilies!

BP seems to be lagging compared to all the others - any reasons from those wiser on here?

[sancho panza]

2 hours ago, JMD said:

hi SP, i was visiting the visualcapitalist.com site and remembered copper being discussed recently on here. I like this site, lots of different topics covered, though perhaps its a bit basic (however, i'm a sucker for nice graphs and pictorials!). 

Btw, you also mentioned redoing your copper scs's, did you get round to doing that, i'd be interested in seeing if you did?

Links should work...  

Infographic: Visualizing Copper's Global Supply Chain (visualcapitalist.com)

Copper: Critical Today, Tomorrow, and Forever - Visual Capitalist

 

 

Cheers JMD,been working over the weekend and on my off days have stuff to do.I'm looking now primarily at buying copper post credit event/BK,we're heading in Q4 so I may wait unitl the new year after Q4 figs released as it takes sometime.

AM going to redo big oil and potash this week if I get time as I'm buying/trading those at the mo.

54 minutes ago, geordie_lurch said:

BP seems to be lagging compared to all the others - any reasons from those wiser on here?

I was sizing up some final purchases in the sector and see the value in XOM/BP as theyve risen less than Repsol/ENI/RDSB.Total/EQNR never dropped that much.to me it looks like a classic sector sell off ,some get hamered more than others,some bounce back quicker.

There are more savvy than me on thread so happy to be corrected but personally not reading too much into differnces in price movement.

[leonardratso]

58 minutes ago, geordie_lurch said:

BP seems to be lagging compared to all the others - any reasons from those wiser on here?

its to give you chance to buy mooooaaarrr at knockdown prices.

@Yellow_Reduced_Sticker buy some moooaaarr so it goes down.

Get hunter to pump the metals as well so i can buy moooooaaaarr.

[Errol]

For those wondering about gold - apart from it being Comex options expiry nonsense, gold is also nicely completing the handle of a 10 year cup and handle formation (see below). It could retrace as far as $1700.

 

[Bobthebuilder]

2 hours ago, Yellow_Reduced_Sticker said:

When they hit £14 I'll get my money back, thing is in May they hit just over £14 quid and i thought i should sell out as they went up too fast, BUT yet again i bottled it and hung on, ONLY to see 'em go to £8.70!

 

Don't get me wrong I'm in the long haul with oil - it just that i like YRS-BARGAIN prices HA-ha!

I am facing a nice dilemma. One of my old rules is I sell profit if a share ever hits +%30. Repsol are just nearing that as we speak. Do I take profit or just hang in for the long run? Decisions, decisions.