adrianc
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Post by adrianc on Jun 16, 2021 21:30:37 GMT
Strange (I was born in 1950). I have total recall of the war. Probably because of my parents memories and tales. As a child, I woke up, frequently,crying , experiencing the London Docks burning and sheltering at the end of our garden (1950s council house ) expecting the bombs to demolish it . Yes. If you say it , it will eventually happen. I just grew up as a child in the 50s being terrified of the apparently inevitable nuclear war to come! That was a definite thing when I was at school in the 80s... www.youtube.com/watch?v=pO1HC8pHZw0
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Post by bracknellboy on Jun 16, 2021 21:40:30 GMT
I just grew up as a child in the 50s being terrified of the apparently inevitable nuclear war to come! While I was a decade later, but until the fall of the Berlin wall, this was a very genuine and consuming concern of mine. Probably less so than someone from the 50s, but then I was always far more interested in world affairs and geo politics as a young kid than is remotely healthy. I still have a memory from secondary school when Russia invaded Afghanistan, and my class in a lesson specifically asked me - not the teacher - whether this meant that America would end up at war with Russia, and the Uk get pulled in, and WWIII was going to happen. I recall giving a vaguely sensible response, explaining the role and limits of Nato as a mutual defense force, and that regardless it was unlikely that the US would want direct conflict with the USSR. Sad git. It is probably not required for me to point out that my year groups appreciation for my knowledge of world affairs did absolutely nothing to help me garner the affections of the opposite sex, and indeed probably did the opposite. Fickle, thats all I'll say.
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Post by bernythedolt on Jun 17, 2021 0:45:51 GMT
I've got a neighbour who became a switchboard operator when the local telephone exchange was first built. She lives in Hampshire in the house she was born in, has wood and coal delivered, has never owned a passport, and never ventured north of Stratford-upon-Avon. Her house dates back to a time when the world was flat, and she still thinks it is. Her uncle bought the house for £223 9s 6d in 1923, now worth c.£1m. That's proper inflation. That is only 8% //pedantic hat on Interestingly, £223.475 compounded at 8% for 98 years is £421k - quite a shortfall. The true figure to reach £1m would be close on 9%. (8.956%) That extra 1% doesn't sound a lot, but it more than doubles the investment!
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Post by Deleted on Jun 17, 2021 6:49:51 GMT
Actually I suspect we are both suffering from the mathematical limitation of data processors to handle multiple iterations of very small or very large numbers. So your precision lacks accuracy, while my rough accuracy lacks precision.
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Jun 17, 2021 8:57:27 GMT
Inflation has arrived, or in my industry at least. As of 1st July, timber will have increased 75% since January 2020, just as a pointer, even investment companies are hopping on to this now and buying harvesting rights on forestry. Steel, timber, all building materials in fact, have seen massive rises since the beginning of last year, due to demand brought on by covid, and not Brexit as some may suggest. I remember the last time this happened..... the next thing will be the house builders showing massive losses, stocks tumbling in value, 2008/9, etc etc.... Hope i'm wrong, time will tell. I'm told cement will massively increase in price as HS2 is buying huge quantities
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Post by crabbyoldgit on Jun 17, 2021 9:02:01 GMT
Inflation is here and from my experiance being driven by pure greed,examples. 1 I work part time on the edge of the fish and chip shop trade they have never made so much money as since covid. One owner has raised his prices by 25% and intends to do the same again in 3 months so as to reduce his opening hours to Fridays Saturday only and just be below the vat limit and if the customers do not like it they can bugger off and drive 10 miles to the next shop. 2 Another is raising a pitza from £8 to £ 14 on the bases the young will pay that in the major chains so i will to. 3 Building materials have just gone mad , 3 week wait here for a bag of concrete mix and the price is double in dewsons compared to the next compeditor but they have a few for favoured customers. 4 Camping rate in a field with a porter loo last year £10 a night , this year £25 5 Composte last year £6 , this year £9 but a 40 ltr not 50ltr bag.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Jun 17, 2021 9:05:11 GMT
failed to find a bag of cement/post create on Monday, best bq came up with was try every day, see if some comes in! Timber is going to the moon, local small company is flying in its own supplies, just to keep business supplied with decking.
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keitha
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Post by keitha on Jun 17, 2021 9:10:59 GMT
A good few of the youngsters ( Below 40 ) I know can't remember mortgage rates above 2 or 3 %
If you look at a mortgage of £300,000 at an interest rate of 2.5% they will pay £625 a month in interest plus £825 capital over 30 years ( yes I know its a simplification but it's illustrate a point ) So £1450 a month.
Take the interest to 5% It becomes £2075 a month and at 7.5% £2700 a month.
I believe 7.5% is about the average of the 50 years prior to 2008.
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Jun 17, 2021 9:29:48 GMT
Inflation is here and from my experiance being driven by pure greed,examples. 1 I work part time on the edge of the fish and chip shop trade they have never made so much money as since covid. One owner has raised his prices by 25% and intends to do the same again in 3 months so as to reduce his opening hours to Fridays Saturday only and just be below the vat limit and if the customers do not like it they can bugger off and drive 10 miles to the next shop. 2 Another is raising a pitza from £8 to £ 14 on the bases the young will pay that in the major chains so i will to. 3 Building materials have just gone mad , 3 week wait here for a bag of concrete mix and the price is double in dewsons compared to the next compeditor but they have a few for favoured customers. 4 Camping rate in a field with a porter loo last year £10 a night , this year £25 5 Composte last year £6 , this year £9 but a 40 ltr not 50ltr bag. Compost in Sainsburys 3 40 litre bags for £9, I can remember Gordon Ramsey saying a few years ago he'd seen country gastro pubs charging the same for a meal as he was at a restaurant in central London. Our local Chippy always increases prices when the "new potatoes" come in, it never goes down. The average wholesale price of electricity has nearly doubled since December 2020 ( today mid afternoon when solar output at a peak it's still over 5P) according to 2 articles I've read wages are up 5 or 8% since last year ( interesting because I know no one who has had a big increase ) and given the small increases given to the public sector the private sector must be getting huge rises, this apparently may cause a huge jump in the state pension. One group of staff I know working for a fairly major company had a pay cut of between 10 & 20% imposed last year ( due to covid ) the staff have been told they may get 2% extra this year. One friend working for this company has decided to retire as he can take advantage of the rules on being able to take the best of last 3 years salary for his pension calculation. By taking it early he will have a 5% reduction in pension but against a higher starting figure.
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Post by captainconfident on Jun 17, 2021 11:05:35 GMT
I just grew up as a child in the 50s being terrified of the apparently inevitable nuclear war to come! While I was a decade later, but until the fall of the Berlin wall, this was a very genuine and consuming concern of mine. Probably less so than someone from the 50s, but then I was always far more interested in world affairs and geo politics as a young kid than is remotely healthy. I still have a memory from secondary school when Russia invaded Afghanistan, and my class in a lesson specifically asked me - not the teacher - whether this meant that America would end up at war with Russia, and the Uk get pulled in, and WWIII was going to happen. I recall giving a vaguely sensible response, explaining the role and limits of Nato as a mutual defense force, and that regardless it was unlikely that the US would want direct conflict with the USSR. Sad git. When I was around 9 or 10, about 1975, I became aware of the news, and realised that there was a hugely tall chimney that if it fell over, could hit our house. And it might be a target for the IRA. I was really secretly terrified and used to come back home from school and hang around near the base of the chimney, looking for terrorists. I've never told anyone that before!
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travolta
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Post by travolta on Jun 17, 2021 11:07:51 GMT
Inflation has arrived, or in my industry at least. As of 1st July, timber will have increased 75% since January 2020, just as a pointer, even investment companies are hopping on to this now and buying harvesting rights on forestry. Steel, timber, all building materials in fact, have seen massive rises since the beginning of last year, due to demand brought on by covid, and not Brexit as some may suggest. I remember the last time this happened..... the next thing will be the house builders showing massive losses, stocks tumbling in value, 2008/9, etc etc.... Hope i'm wrong, time will tell. I'm told cement will massively increase in price as HS2 is buying huge quantities I'm trying to get hold of a bit for building work. There is none to be had , locally. The Building Merchants all carry the same HS2 story. D'y reckon its fake news?
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Jun 17, 2021 11:58:15 GMT
travoltaSomeone I know here travelled 40 miles yesterday to get hold of 2 bags
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Post by bracknellboy on Jun 17, 2021 12:04:03 GMT
While I was a decade later, but until the fall of the Berlin wall, this was a very genuine and consuming concern of mine. Probably less so than someone from the 50s, but then I was always far more interested in world affairs and geo politics as a young kid than is remotely healthy. I still have a memory from secondary school when Russia invaded Afghanistan, and my class in a lesson specifically asked me - not the teacher - whether this meant that America would end up at war with Russia, and the Uk get pulled in, and WWIII was going to happen. I recall giving a vaguely sensible response, explaining the role and limits of Nato as a mutual defense force, and that regardless it was unlikely that the US would want direct conflict with the USSR. Sad git. When I was around 9 or 10, about 1975, I became aware of the news, and realised that there was a hugely tall chimney that if it fell over, could hit our house. And it might be a target for the IRA. I was really secretly terrified and used to come back home from school and hang around near the base of the chimney, looking for terrorists. I've never told anyone that before! I don't know about terrorists, but the sight of Fred Dibnah turning up should have put the fear of god into you....
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Post by bernythedolt on Jun 17, 2021 12:40:34 GMT
Actually I suspect we are both suffering from the mathematical limitation of data processors to handle multiple iterations of very small or very large numbers. So your precision lacks accuracy, while my rough accuracy lacks precision. Thanks to applications like the Taylor Series expansion and the error function on convergent series, today's data processors handle multiple iterations of these numbers fantastically well in fact. Time to retire that old slide rule you've been using! I've always loved mathematics and, in 1973, spent my entire first week's wages on a CBM hand held (but plug-in only) electronic calculator, to finally graduate from my slide rule and log tables. I still remember the look of sheer joy and astonishment on my dad's face when he realised just what he could do in ten seconds that previously would have taken him several hours of laborious and error-prone calculation by hand. Having taught me long division as a lad, with pencil & paper, he was completely felled by this new-fangled wizardry and literally like a kid with a new toy for a couple of hours! We lost him to cancer aged just 52, so that's a fabulous memory I still treasure.
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agent69
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Post by agent69 on Jun 17, 2021 16:08:39 GMT
When I was around 9 or 10, about 1975, I became aware of the news, and realised that there was a hugely tall chimney that if it fell over, could hit our house. And it might be a target for the IRA. I was really secretly terrified and used to come back home from school and hang around near the base of the chimney, looking for terrorists. I've never told anyone that before! I don't know about terrorists, but the sight of Fred Dibnah turning up should have put the fear of god into you.... A decent and honourable man, but not fit to hold a candle to the late, great Derek Macintosh Bates (aka Blaster Bates)
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