Credit deflation and the reflation cycle to come (part 9)

[snaga]

5 minutes ago, SpectrumFX said:

Not sure what's going on there. It's flip floping between showing me a 14% and 0.25% daily gain for me in HL.

1400.00 seems like a glitch? too perfect.

[leonardratso]

20 minutes ago, desertorchid said:

Interesting- SEDY

 

glitch

[leonardratso]

not a glitch

[Mandalorian]

6 hours ago, headrow said:

Shell PLC (LSE:SHEL, NYSE: SHEL) would cause the FTSE 100 to experience an 8% drop should it leave for the US.

At the start of April, Shell’s boss Wael Sawan warned the oil giant would ditch the LSE if its market valuation didn’t improve.

Since then the shares have edged around 5% higher, but at its first quarter update, the question of a US switch popped up.

Sawan expressed he was still unhappy with the group’s valuation and said it was keeping the issue “under review”.

Should Shell finally call it quits on London, it would be bringing with it £180 billion of the FTSE 100’s value.

The LSE would then be forced to replace this with FTSE 250 digger Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF), which has a market cap of around £4.1 billion.

This means some £176 billion would be wiped from the blue-chip index, which would cause the valuation of the overall index to drop by 8%.

An 8% drop would be the worst fall of the index since it dropped 9% during the pandemic and worse than any day during the financial crash in 2008.

London’s FTSE 100 is already scheduled to shed more than £22 billion when Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) ditches its UK listing for the US.

Shareholders of the gambling firm voted overwhelmingly in favour of a primary New York listing on Wednesday, thereby meaning it will exit the FTSE 100.

With a market cap of around £26.4 billion, the group ranks as one of the top 25 largest stocks in the index.

Replacing the departing group would be the largest FTSE 250 company, which as of Thursday is Darktrace PLC (LSE:DARK).

However, the cybersecurity firm is also quitting its UK listing to go across the pond, albeit through the purchase by US private equity fund Thoma Bravo rather than a move to the NSYE.

Next in the FTSE 250 rankings is Hiscox Ltd (LSE:HSX), the insurance provider, which has a market cap of just under £4.2 billion, meaning when it replaces Flutter the FTSE 100 will drop in value by £22.2 billion.

While £22.2 billion represents a small portion of the nearly £2 trillion made up by the companies, things would be significantly worse should Shell ditch the UK.

More immediately, Shell’s share price requires some self-help.

“The whole issue is not one of the London market, there are just basic fundamentals we have to work on,” Sawan said.

I keep saying it.

Never bet against the United States.

[Mandalorian]

2 hours ago, ThoughtCriminal said:

I'm sorry but that's utter bollocks. Do you actually read what people say and listen to them or just go off vibes? Please point to this secret store of MPs to the Right of Galloway on Trans, immigration, crime, gays etc.

It's the effect of the Overton window.

Left and right are purely economic. 

It's more like graph axes than a line. 

Horizontal is left and right - economic

Vertical is authoritarian and libertarian - social.

So Galloway's party appears to be socially authoritarian  and left economically.

[Mandalorian]

2 hours ago, Yadda yadda yadda said:

Imagine what this country would look like if people invested even a small sum of money each month rather than borrowed for consumption.

They'd get it confiscated/taxed to give to spongers.

Do you blame them for not doing?

[Mandalorian]

35 minutes ago, desertorchid said:

Interesting- SEDY

 

Dodgy data feed by the looks of it

 

 

36 minutes ago, JMD said:

 denying-the-divinity-of-the-dividend!!

I knew it was religious!  (Therefore irrational!)

[leonardratso]

5 minutes ago, Mandalorian said:

Dodgy data feed by the looks of it

 

 

or is it a portal glitch into the future?

Edited May 3 by leonardratso

[Errol]

2 minutes ago, leonardratso said:

or is it a portal glitch into the future?

That's how I always view these 'glitches'.

[leonardratso]

1 minute ago, Errol said:

That's how I always view these 'glitches'.

i knew it was going mad cos i got like this on t212 for about 10 rounds, that usually only happens on the shit im shorting where it bounces wildly all the time.

[HousePriceMania]

Big move here...

 

Everyone celebrating debt becoming cheaper....

[janch]

6 hours ago, ThoughtCriminal said:

This seems like one of the best summaries of money creation I've seen. Has he been featured on here before?  Starts at 5.50

 

Thanks for posting.  The best bit is at the end about the City of London which is outside the UK and outside the EU and is independent of the Queen (King now).  He doesn't say it but they are the ones in charge then. 

No wonder they've banned RT from the UK........none of our UK MSM would run anything like this.

[Yadda yadda yadda]

1 hour ago, Plan-b said:

Large Miss on the US non farm employment, instant rocket under the price of PMs

That is a @nirvana size move. I want an @Errol sized move.

[Plan-b]

8 minutes ago, Yadda yadda yadda said:

That is a @nirvana size move. I want an @Errol sized move.

We got a manipulation sized reversal instead..

[Loki]

2 minutes ago, Plan-b said:

We got a manipulation sized reversal instead..

Back on sale 

[Long time lurking]

3 hours ago, ThoughtCriminal said:

No, you're just talking nonsense.

If there are no MPs to the right of you then you are, by definition, the most Rightwing MP.

Galloway was interviewed yesterday and said being gay isn't normal, it's not equal to heterosexuality, trans isn't normal and he doesn't want his kids taught that either of them are normal. He also asked why a Muslim can be FM of Scotland but not a Christian. Not a single other MP would dare come anywhere close to saying any of that. And you think he's on the Left. You probably think Jacob Rees Mogg is Rightwing. 

No wonder we're fucked.

Love him or loath him, but he`s the only MP that`s stood on the same podium for his entire career ,he`s never gone off script for personal gains like all the others ,none of the others stand for their beliefs they're just position themselves with the hope of getting their snouts in the trough 

For that you have to give him credit regardless of whether one agrees with his politics or not 

[leonardratso]

sedy just jumped up and down again

[Long time lurking]

I`m just lost for words ,a bit like the guy in the video 

 

[DurhamBorn]

47 minutes ago, snaga said:

1400.00 seems like a glitch? too perfect.

Its just showing everyone the future early.

7% outperformance over the S&P @Mandalorian now,hope you bought some even if you felt dirty ,

I told the girls about our little wager and the fact its now a 14.5% outperformance from ABRDN over the S&P.They said something in Thai

ดูและเรียนรู้

 

[leonardratso]

rearn

was uncle dave in the waiting room?

Edited May 3 by leonardratso

[leonardratso]

at least its nice to see something else on top; i love tdw and val

[leonardratso]

hmm, me old muckers DS smith seemed to suffer the glitch as well, but looks like they just decided to run with it anyway;

[leonardratso]

nothing whatsoever to do with the peg to IP;


Im sticking with the mystic meg shit.

[DoINeedOne]

19 minutes ago, DurhamBorn said:

Its just showing everyone the future early.

7% outperformance over the S&P @Mandalorian now,hope you bought some even if you felt dirty ,

I told the girls about our little wager and the fact its now a 14.5% outperformance from ABRDN over the S&P.They said something in Thai

ดูและเรียนรู้

 

I Knew It

[TNS]

54 minutes ago, janch said:

Thanks for posting.  The best bit is at the end about the City of London which is outside the UK and outside the EU and is independent of the Queen (King now).  He doesn't say it but they are the ones in charge then. 

No wonder they've banned RT from the UK........none of our UK MSM would run anything like this.

Yep, the City of London is essentially another country with its own laws. Crazy, but keeps those in real power in power.

Edited May 3 by TNS