[Merged]Brexit stuff (part 2)

[DimPrawn]

and perhaps interest rates will start jacking up when inflation does, which it may when oil prices start jacking up ..

2016-11-30 Opec countries agree first oil output cut in eight years

$200 a barrel oil with GBP/USD at parity will be interesting. Anyone fancy spending £1000 filling up a large 4x4 or similar?

[Uncle Albert]

$200 a barrel oil with GBP/USD at parity will be interesting. Anyone fancy spending £1000 filling up a large 4x4 or similar?

Sounds good to me, it'll keep the roads nice and empty for me.

[OwlHoot]

It's actually a fact:

https://www.newscientist.com/article...man-intellect/
Were the Victorians cleverer than us? The decline in general intelligence estimated from a meta-analysis of the slowing of simple reaction time

For extra proof read CUK General

From the article

The Victorian era was marked by an explosion of innovation and genius, per capita rates of which appear to have declined subsequently. The presence of dysgenic fertility for IQ amongst Western nations, starting in the 19th century, suggests that these trends might be related to declining IQ.

It's not about IQ. If anything, average IQs have been rising, perhaps on account of more stimulation by vividly coloured images and clothes etc. 19th century life was pretty drab, literally, by today's standards.

The most potent source of originality is solitude in early age, from say three to seven, and that's in ever shorter supply these days with population increase and rising housing density and, worst of all, infant schooling from a ridiculously young age.

Why do you think the Chinese, clever as they are in many ways, notoriously tend to be short on true creativity? It's because Chinese kids probably rarely if ever find themselves on their own.

We shouldn't take British originality and creativity for granted, because the way things are going there will be far less of it in years to come.

[OwlHoot]

$200 a barrel oil with GBP/USD at parity will be interesting. Anyone fancy spending £1000 filling up a large 4x4 or similar?

Sod that - I'm going back to horses if oil prices ever get that bad.

( Out of interest, does anyone know how much a barrel of hay costs? )

[OwlHoot]

Anyway, reaction times don't seem a very good measure of IQ. IQ is more about the ability to make meaningful connections, whether rapidly or not.

Cats have lightning fast reactions, but aren't really very intelligent. Also a slow elderly person could be far more intelligent than a champion boxer in tip-top physical form.

[jamesbrown]

As long as interest rates are low, it's always going to be up. The bubble will burst quick enough when interest rates get jacked up.

True, and the BoE base rate isn't really the one to watch. I'd be watching the US 10yr yield, as global borrowing costs follow this closely. It's been on a tear, relatively speaking, post Trump. Interesting times ahead. Brexit or no Brexit the London megabubble (along with many others) is primed for a megacrash at some stage. It's already happening in some Canadian cities...

[DodgyAgent]

So after 5 months of Brexit all we have from the government is a "notepad" with a single page of contradictory comments and a very unclear position scribbled with poor handwriting. :

Once the government invokes article 50 they will have just 15 months to agree exit terms, border arrangements, and agree on a comprehensive trade treaty with the EU and 60 other countries.

Brexit talks to be completed in 15 months

Let the show begin:

Stick with it and I am sure you will eventually be proved right

[shaunbhoy]

It's a two tier market.
Anything above a million is languishing, while good BTLs in prime areas are selling overnight.
Have experienced both these phenomena personally.

Of course you have!!

[DimPrawn]

Of course you have!!

He pushed a shopping trolley full of belongings past the million pound+ properties, after his BTL landlord sold his bedsit from under him.

[vetran]

Stick with it and I am sure you will eventually be proved riwrong

FTFY

gotta admire his persistence.