Credit deflation and the reflation cycle to come (part 6)

[CannonFodder]

1 hour ago, JMD said:

I agree that it's only a matter of time before we get real right wing parties. 

Actually It's why I recently posted a link to a film I personally have only recently became aware of - 'Look Who's Back'. It's a German black comedy, ok I know that doesn't sound entertaining, but it is and actually is very thought provoking. Thing is it is often said by historians  that if Hitler could happen in Germany, such a political phenomena could happen anywhere.

For example story features scenes of the Hitler character (including moustache etc!) talking to modern day ordinary Germans in the street and the things the German public are prepared to say openly to camera - without their faces being disguised - is very illuminating. After all this is a country where Mein Kampf is banned. Moreover its a 2014 film so was made before the march of 1m immigrants into Germany. German voter sentiment must be even worse now. 

Anyway film can be easily found and is free to watch on YouTube. Warning it does have subtitles, but imo that doesn't detract in any way from this very clever film.

A clip from film...

 

 

Look who's back but now in technicolour

 

[honkydonkey]

1 hour ago, CannonFodder said:

Look who's back but now in technicolour

 

This is the actual ultra pride flag which is arguably much worse.

[mh9000]

2 hours ago, Napoleon Dynamite said:

Do they allow Partial Transfers?

My work pension is an Aviva, with limited options and higher fees that elsewhere.  Every year or so I just transfer out to a SIPP, leaving a minimal amount in there.

I’ve got them as well, didn’t know you could do it with current pensions I thought it was only old ones. Will look into that, thanks!

[HousePriceMania]

Sunak orders banks to protect borrowers from surging mortgage rates

Strong employment figures and stubborn inflation pile pressure on Threadneedle Street
 

https://www.telegraph.co.uk/business/2023/06/13/rishi-sunak-banks-protect-borrowers-high-mortgage-rates/

 !!!! WHAT THE FUCK ARE THE TORIES DOING !!!!

[Loki]

37 minutes ago, honkydonkey said:

This is the actual ultra pride flag which is arguably much worse.

I don't think that's real  

[Loki]

5 minutes ago, HousePriceMania said:

Sunak orders banks to protect borrowers from surging mortgage rates

Strong employment figures and stubborn inflation pile pressure on Threadneedle Street
 

https://www.telegraph.co.uk/business/2023/06/13/rishi-sunak-banks-protect-borrowers-high-mortgage-rates/

 !!!! WHAT THE FUCK ARE THE TORIES DOING !!!!

Alexa!

BING BONG

play Hard-working-families.mp3

[Pip321]

4 hours ago, DurhamBorn said:

Unions existed to make sure the workers got inflation plus say 1% a year,that way labour and capital shared productivity gains etc.now we have the worst of all worlds.

Agree.

The above is an example where as is fairly typical on this thread we have a consensus regardless of how we might like to perceive our own political views ie left/central/right etc. The macros and common sense cut through even our own political bias. 

The real right politicians ie capitalists need to detach themselves from this cronyism, self interest and market rigging and set up a truly right wing party. Ie reward of hard work, risk and capital investment to create wealth which improves the lives of all. The truly weak are begrudgingly protected and the lazy are thrown on the bonfire. 

And the left politicians ie socialists, maybe….need to detach themselves from this woke, rainbow chasing, gender endorsing, minority protecting, fat ass benefit claimant protecting shite and set up a truly left wing party. Ie ensure those who work hard share fairly in productivity gains almost as much as owners and directors. Truly weak are slightly less begrudgingly protected and the lazy are thrown on the bonfire. 

Woke isn’t real left…..market rigging isn’t real right…..it’s just our political system is now so fucked that elections are no more than an X Factor type final where the least shit person wins and most of the population don’t care because they know it doesn’t matter anyway.

Never mind….at least following the money keeps me somewhat sane. 😉👍

[Shamone]

6 hours ago, DurhamBorn said:

https://www.telegraph.co.uk/business/2023/06/13/epidemic-public-sector-quiet-quitting/?li_source=LI&li_medium=liftigniter-rhr

Quiet quitting.

Again this is driven by bennies and pensions.They see everyone doing nothing as well as or better off than them,so then decide to do as little as they can.Its all feeding in,the poison of monetising welfare etc slowly destroying our economy.

It truly is a sight to behold.

[Shamone]

5 hours ago, CannonFodder said:

Britain has fallen ...

 

We live in rainbow clownland now

 

 

Photo I took last week.

[One percent]

15 minutes ago, Shamone said:

Photo I took last week.

Is that like the flag they fly to show that the monarch is in residence?  This then signifies that trannies live there.  

[Plan-b]

.

Edited June 13, 2023 by Plan-b

[DurhamBorn]

Fancy that,two ailments that are easy to game.See how it runs,more and more join,they all get bigger increases than workers,more and more join.Question now is will the BOE monetise when we get a gilt strike?

https://www.telegraph.co.uk/business/2023/06/13/disability-benefits-bill-jump-11bn-long-term-sickness/

[Noallegiance]

21 minutes ago, DurhamBorn said:

Fancy that,two ailments that are easy to game.See how it runs,more and more join,they all get bigger increases than workers,more and more join.Question now is will the BOE monetise when we get a gilt strike?

https://www.telegraph.co.uk/business/2023/06/13/disability-benefits-bill-jump-11bn-long-term-sickness/

Yes

[reformed nice guy]

19 minutes ago, DurhamBorn said:

Fancy that,two ailments that are easy to game.See how it runs,more and more join,they all get bigger increases than workers,more and more join.Question now is will the BOE monetise when we get a gilt strike?

https://www.telegraph.co.uk/business/2023/06/13/disability-benefits-bill-jump-11bn-long-term-sickness/

Pertinent quotes

"The Institute for Fiscal Studies (IFS) warned that the number of claims was growing by 20,000 people a month"

"Soaring prices have left the average worker no better off in terms of weekly pay than in 2005, obliterating nearly two decades of pay gains."

"Economic inactivity – the share of people neither in work nor job-hunting – fell by 0.4 percentage points to 21pc"

 

 

[ashestoashes]

10 hours ago, leonardratso said:

Didnt someone mention their solar output was crappy lately;
 

 

and coal fired efficiency goes down when it's hot

[King Penda]

3 hours ago, HousePriceMania said:

Sunak orders banks to protect borrowers from surging mortgage rates

Strong employment figures and stubborn inflation pile pressure on Threadneedle Street
 

https://www.telegraph.co.uk/business/2023/06/13/rishi-sunak-banks-protect-borrowers-high-mortgage-rates/

 !!!! WHAT THE FUCK ARE THE TORIES DOING !!!!

It’s carector building I’d love 6% interest ie base rate

[Bobthebuilder]

3 hours ago, HousePriceMania said:

Sunak orders banks to protect borrowers from surging mortgage rates

Strong employment figures and stubborn inflation pile pressure on Threadneedle Street
 

https://www.telegraph.co.uk/business/2023/06/13/rishi-sunak-banks-protect-borrowers-high-mortgage-rates/

 !!!! WHAT THE FUCK ARE THE TORIES DOING !!!!

Sunak the banker, asks bankers not to fuck his career that he got from being a banker, up yet please.

What a wanker.

 

[M S E Refugee]

https://www.reuters.com/sustainability/uk-pension-fund-fights-appeal-landmark-fossil-fuels-lawsuit-2023-06-13/

Climate Change Clownworld continues.

I wonder if the Pensioners can sue the Academics if it performs poorly after divesting from fossil fuels.

[Eventually Right]

4 hours ago, HousePriceMania said:

Sunak orders banks to protect borrowers from surging mortgage rates

Strong employment figures and stubborn inflation pile pressure on Threadneedle Street
 

https://www.telegraph.co.uk/business/2023/06/13/rishi-sunak-banks-protect-borrowers-high-mortgage-rates/

 !!!! WHAT THE FUCK ARE THE TORIES DOING !!!!

Told ya…

[Axeman123]

I think people are missing the big picture on the "Sunak orders banks to protect borrowers..." headline. A more accurate headline would be along the lines of "Sunak does fuck all of substance, instead makes empty gesture and leaves borrower cunts to burn".

[Jay]

6 hours ago, M S E Refugee said:

https://www.reuters.com/sustainability/uk-pension-fund-fights-appeal-landmark-fossil-fuels-lawsuit-2023-06-13/

Climate Change Clownworld continues.

I wonder if the Pensioners can sue the Academics if it performs poorly after divesting from fossil fuels.

Well she’ll is increasing dividends by 15% and more share buybacks..the gift that keeps giving..I sold out a while ago…they are close to the price at which I got out…definitely worth holding…

[M S E Refugee]

27 minutes ago, Axeman123 said:

I think people are missing the big picture on the "Sunak orders banks to protect borrowers..." headline. A more accurate headline would be along the lines of "Sunak does fuck all of substance, instead makes empty gesture and leaves borrower cunts to burn".

I wonder how many of the useful idiots in the media are panicking about their massive mortgages and BTL Portfolios.

[headrow]

Shell PLC (LSE:SHEL, NYSE:SHEL) kicks off the day with an update ahead of its Capital Markets Day and it looks like good news for shareholders.

The oil major will raise dividends and boost share buybacks as it aims to deliver more value with less emissions alongside increased returns for shareholders.

“Performance, discipline, and simplification will be our guiding principles as we allocate capital to enhance shareholder distributions, while enabling the energy transition,” said Shell Chief Executive Officer, Wael Sawan.

Shell said shareholder distributions would increase to 30-40% of cash flow from operations through the cycle from 20-30% before by a combination of dividends and buybacks.

Shell will raise the dividend by 15% effective from the second quarter 2023 and start share buybacks of at least US$5bn for the second half of 2023.

Capital spending is set to fall to US$22-25bn per year for 2024 and 2025 with annual operating cost structurally reduced by US$2-3 billion by the end 2025.

The FTSE 100-listed firm also plans to grow its Integrated Gas business and maintain leadership in the global liquefied natural gas market and extend its position in Upstream to achieve cash flow longevity by stabilising liquids production to 2030.

Shell reiterated commitment to climate targets, including net-zero emissions by 2050 aiming to achieve near-zero methane emissions by 2030 and eliminate routine flaring from its Upstream operations by 2025.

It plans to invest US$10-15bn across 2023 to 2025 to support the development of low-carbon energy solutions including biofuels, hydrogen, electric vehicle charging and carbon capture storage.

“We need to continue to create profitable business models that can be scaled at pace to truly impact the decarbonisation of the global energy system,” said Sawan.

[Yadda yadda yadda]

8 hours ago, reformed nice guy said:

Pertinent quotes

"The Institute for Fiscal Studies (IFS) warned that the number of claims was growing by 20,000 people a month"

"Soaring prices have left the average worker no better off in terms of weekly pay than in 2005, obliterating nearly two decades of pay gains."

"Economic inactivity – the share of people neither in work nor job-hunting – fell by 0.4 percentage points to 21pc"

 

 

You might say that we're well into a 2nd lost decade.

[A tremendous # on the lung]

19 hours ago, Joncrete Cungle said:

Anyone being antisocial with a trolley gets some expensive items popped in it when they are not looking. Or something that will cause a row like just for men, centrum and a couple of packs of Johnny's...

One pack should suffice