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Intended to post updates to the blog at . But frequently distracted.

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@PeterKBonney @OnodaCapital it's about 50% in 5 years (illustrative example below -- not to be relied on for any purpose!)

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@modestproposal1 Because bond traders don't want to buy them without some equity-like upside ?

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@DarioCpx No the bond coupon is not a factor in this. Here is a rough survival analysis (pure illustration, not to be relied on for any purpose of course!)

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@Schuldensuehner Added ~$15bn bond borrowing and ~$5bn leases in 6 months to November....

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@GTCost @Schuldensuehner The bonds don't seem to be that far from the CDS? The 5 year Oracle bond is yielding 5.1% versus 5 yr treasury 3.7%

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@FlipLondonTours Ha, remember the old buildings well! Walked past it again ~7 yrs ago and is now unrecognisable and shiny!

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@BenClose1983 Looks like the condensing boiler drain is just behind... With a bit of adaptation (but not for £15!) you could connect the water outlet into that and not have to empty the tray...

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@NicholasOShaug1 It could be that we are coming up to the first deep downturn in UK HE since then... things would be playing out very differently now if the old rules had stayed.

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@BruceHistorian Didn't English tenure get abolished in practice by Thatcher in 1988 ?

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@NeilForPoole Pensions already invest vast amounts of money in UK government projects through buying "gilts" ....

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@arpitrage Weirdly true in UK too. Really not good for children travelling on their own on foot or bike.

[Arpit Gupta @arpitrage]

We’ve evolved a social norm post pandemic in which one more car is allowed to cross after the light turns red, and then you wait a second longer when it’s green to avoid hitting this car.

Which, I guess is sustainable as long as everyone follows

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@Chris_arnade First there were tax riots, now riot tax !

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@WallStRollup ~10% chance of default in 5 years....

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@MortgageMikeN2 @moneyandmore72 I'm sure they have great capabilities and will be able to earn enough for all this.

But I don't get how they can be sure enough the next great job is in London?

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@duncanrobinson Got to question her career choice of going into politics if that is indeed how the exchange went.

Plenty of jobs where people can demand (perhaps unreasonably) automatic respect but politics should never be one of them

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@DrewPavlou But predecessor countries for most of this map (A-H and Ottoman empires) were far *more* multicultural and yet lasted hundreds of years vs ~70 yrs for Yugoslavia.

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@david_stillwell Why not have permanent homes there for academics & their families? If a collegiate university is desired, the solution is available right here and now.

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@singleaspect @MunicipalDreams We can make it happen. In next recessions council should buy PRS properties at a good discount and turn them back into social. Better than propping up the private sector artificially like last 3 times.