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Shit, wrong forum. @hippy, could you move to the general classifieds please?
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Won’t post, just collection from SE10.
Just these two left now:
Tall adjustable stem
FreeSRAM single-speed levers
£40£30———
Hope/Pacenti 650b rim brake wheels
£100? – soldSim-works Dirty Rhonda stem
£40 – soldTitanium Flite saddle
£40 – soldGevenalle CX 1x10 road levers (brand new)
£40 – soldGevenalle CX 1x10 road levers (used)
£20 – soldSoma HWY One bars, black, 31.8, 415mm wide at the end of the drops (C-C)
£40£30 – soldSingle-speed brake levers (not sure on the brand)
£10?Free – goneShimano BB, UN55, 68mm
Free – goneVO randonneur rack with integrated decaleur
£40 – soldAvid cable hanger yoke thingies
Free – goneThomson seatpost (black) 27.2 x 330
£30 – soldThomson seatpost (silver) 27.2 x 250
£30 – soldSim works getaround CrMo bars, 70cm
£50 – sold32h Novatec F172SB rear hub (without cassette body)
Free – gone -
Fillet-brazed Reynolds 631 touring frame with mounts for mudguards and front+rear panniers. It has braze-ons for Paul Racer brakes and takes 650b wheels. I've had 47mm tyres in here and there's probably room for mudguards too on top of that.
Comes with brake calipers and a Cane Creek headset. I don't have the tools to remove the cranks, so it also comes with Easton EA90 cranks + Hope BB, all components are basically brand new.
Wheels not included — they're just for illustration and are being sold separately.
History
This is a frame I built at Dave Yates' frambuilding course that, stupidly, was a little too long for me and so it was never really used. It's had decals in the past (under the clearcoat), which I've since removed although you can see the edges and a few chips on the paint.
The seat post can only be inserted by ~9.5cm, so a suitable seat post might have to be cut down to size. This is more than enough for it to be secure though.
Measurements
Seat tube: 54cm centre-to-top
Top tube: Roughly 57cm when measured horizontally to seat tubePrice
Looking for £300Collection from SE10
Now sold
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The seat tube is split a little by the clamp and the seat post is stuck. The top tube is also dented.
Would be good for spares if anyone’s playing around with frame building, or a very ratty build.
60cm seat tube (C-T), 57 top tube (C-C).
1982 Raleigh Record Ace, Reynolds 531, suitable for 700c wheels and can fit up to 32mm tyres (with mudguards).Based in SE10, pick up only in the next few days.
(Sorry for the shit pictures!)
Now gone
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Refinishing floorboards…
We’ve got relatively thin (1/2”) but wide (9”) old pine boards, which I’d like to patch up, replace a few, and refinish. The consensus on the internet is that anything less than 18mm is too thin, and ours are already ~13mm, but I’m assuming that’s more for standard-width boards (4-5”?).
Has anyone done something similar / how thick were the boards? I’m wondering if we just use an orbital and belt sander to do a less intensive job, without removing too much material, rather than the more industrial sanders people generally use to fully flatten the entire subfloor.
Edit: whoops, wrong thread
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I get that civil servants are meant to be impartial, but I also get that it may not be the case in reality in such a central institution. It’s well understood that the actions of the treasury cause problems, mostly in preferring short term cost-benefit analysis rather than prioritising long-run growth projects and that its actions have political consequences outside of its remit. It’s very difficult to know where that behaviour comes from given its relative lack of transparency too.
It’s obviously been politically convenient for the Tories to blame the civil service since the alternative is to take responsibility themselves, something which is very much not in their nature. Since Labour have taken charge though there’s much the same description of institutional failure and calls for reform: https://archive.ph/v9jxb
I know very little about the man, and it’s difficult to find any information on him frankly, but I think it’s quite a jump to using it as an argument for madness. Recklessness, sure, why not. Careful reform would be better.
Like I say, it’s mostly just drama and I’d be tempted to ignore it. He’ll be fine after his £335k final payout, and there are plenty of other reasons to consider Truss full of hubris and lacking self-awareness.
You can be sure that if John McDonnell, for example, had got in, he would have wanted to change things up dramatically, but known the importance of not spooking people
Absolutely. As far as I know, McDonnell’s team were actively courting various financial institutions in preparation for office to make sure their reforms were well regarded.
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3) in a bizarre connection that doesn’t make much sense to me yet, pension funds need to report their obligations (as of today, how much do they owe how many lucky boomers in final salary pensions) in terms of the income available from gilts, yield.
I presume this regulation is to ensure they can always meet their obligation, since gilts/bonds are always the floor for any financial institution’s investments.
“Always”…
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This is the bit I didn’t really understand, and still not sure I do
That makes two of us! It sounds like some short term betting of some kind on bond yield rates(?), but all of the financial jargon of margin/option calls goes right over my head.
Peston mentioned Toby Nangle's article talking about it in the summer before it all kicked off, I think this might be it:
https://www.ft.com/content/83927688-e0d1-4934-8d91-e279da6d6b6c (archive link) -
There's the tradable value of the bond, and the yield provided to the bond holder from government. The yield went up, and the tradable value went down due to the market being flooded with bonds.
So if they weren't engaging in funny business with derivatives, they'd have been given more free money from government (for index-linked bonds, at least). But they had to sell them at a reduced price in order to pay their creditors.
The whole thing is bizarre, frankly.
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- Gilt prices falling has massive knock-on impacts on pension funds who rely on gilts and instruments based on gilts to have predictable income/growth
- Pensions were forced to sell off their own gilts to cover their liabilities
This is the important bit. Pension funds were doing weird derivative shit in schemes set up by major banks (LDIs, or liability-driven investments), rather than simply taking the yield from the bonds they already held (the value of which would have increased…), or doing what the financial industry is really meant to do and invest in the real economy.
That process was not properly policed by the Bank of England's financial policy committee.
- Gilt prices falling has massive knock-on impacts on pension funds who rely on gilts and instruments based on gilts to have predictable income/growth
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I don't disagree at all with that, although the press clearly play a large part in what happens next. Labour would be idiotic not to pick it up as a line of attack, and of course they have, and will continue to mention it for years to come. It's politically convenient to say the least, but also deeply favours the status quo.
My frustration is that we'll likely see less progressive experimentation in macroeconomic policy because of it, and that's to society's detriment.
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They certainly went about it with reckless abandon, I agree. I'm not a huge fan of the OBR, but refusing their forecast was obviously going to spook some traders.
Sacking the permanent secretary of the Treasury though, I don't see that as being unreasonable if a government wants to move away from their typical 'treasury-brained' ways. Reporting on it as an argument for Truss' personal failings is just another bit of Westminster psychodrama, so I'd be inclined to ignore it.
The markets aren't so much committed to the orthodoxy
I think that's debatable, and regardless of their potential reaction to heterodox policies, the press has already learned to react to any change negatively. That's limited current and future governments' ability to change the rules, even when done carefully.
(Edit: not that Labour are interested in doing so anyway)
Price drop on Soma bars and SRAM levers.