Richard Urwin
@rickx1.bsky.social
Macro stuff, philosophy, Crystal Palace
I’m a lifelong Crystal Palace fan, and I am not at all surprised we lost. Or particularly bothered: fewer games mean better chance of going further in Europe.
January 10, 2026 at 9:40 PM
I’m a lifelong Crystal Palace fan, and I am not at all surprised we lost. Or particularly bothered: fewer games mean better chance of going further in Europe.
Use GoodReader for PDFs, not Kindle
January 7, 2026 at 9:15 AM
Use GoodReader for PDFs, not Kindle
Yes. Everything goes down by one fret, so your previous E chord (022100 fingering) becomes an E flat. So one fret up is an E. Why bother? Lower tuning was more consistent with JH’s voice (better low than high), made it easier to bend heavy gauge strings, and he got a better tone - more sustain.
October 13, 2025 at 6:23 AM
Yes. Everything goes down by one fret, so your previous E chord (022100 fingering) becomes an E flat. So one fret up is an E. Why bother? Lower tuning was more consistent with JH’s voice (better low than high), made it easier to bend heavy gauge strings, and he got a better tone - more sustain.
It’s possible that this tells us more about Justin Webb than anything else. His comments made around that assertion were bizarre.
September 11, 2025 at 8:32 AM
It’s possible that this tells us more about Justin Webb than anything else. His comments made around that assertion were bizarre.
May depend on whether savers are tax payers or not, and which tax band they are in. Post tax real interest rates for higher rate payers likely to be negative, but maybe positive for non tax payers. I guess the first group is much larger.
August 16, 2025 at 6:55 AM
May depend on whether savers are tax payers or not, and which tax band they are in. Post tax real interest rates for higher rate payers likely to be negative, but maybe positive for non tax payers. I guess the first group is much larger.
Most defence stocks in the UK already up 50-60% so far this year. Rheinmetall in Germany up over 200%. So significant increase in defence spending is priced in. On absence of widespread gains today, you can go for ‘market doesn’t believe 5%’ or ‘5% was already in the price’
June 25, 2025 at 2:49 PM
Most defence stocks in the UK already up 50-60% so far this year. Rheinmetall in Germany up over 200%. So significant increase in defence spending is priced in. On absence of widespread gains today, you can go for ‘market doesn’t believe 5%’ or ‘5% was already in the price’
In the 1980s, when Sheffield was known as ‘The People’s Republic of South Yorkshire’, you would have been entirely correct.
May 22, 2025 at 12:44 PM
In the 1980s, when Sheffield was known as ‘The People’s Republic of South Yorkshire’, you would have been entirely correct.
I did a little project last year which took the ten largest UK companies by market cap back to their origins. The average year of foundation was 1845, and the ‘youngest’ company was founded in 1913. The ‘oldest’ was born in 1715.
April 9, 2025 at 1:05 PM
I did a little project last year which took the ten largest UK companies by market cap back to their origins. The average year of foundation was 1845, and the ‘youngest’ company was founded in 1913. The ‘oldest’ was born in 1715.
Thanks, nice explanation
March 4, 2025 at 3:14 PM
Thanks, nice explanation
That’s a bit hard on Martin Bell
February 23, 2025 at 1:45 PM
That’s a bit hard on Martin Bell
I can remember doing this in an undergraduate degree in 1980. Seemed on the right lines even then.
February 16, 2025 at 9:15 PM
I can remember doing this in an undergraduate degree in 1980. Seemed on the right lines even then.
‘Barbarian’ tribes were poorer than the Roman Empire when they overran it; Vikings defeated richer Kingdoms; so did Ghengis Khan; so did Tamerlane; and the American colonies; and Japan defeated richer Russia in 1905; and the Americans lost in Vietnam; etc - GDP does not determine military outcomes.
February 15, 2025 at 8:34 PM
‘Barbarian’ tribes were poorer than the Roman Empire when they overran it; Vikings defeated richer Kingdoms; so did Ghengis Khan; so did Tamerlane; and the American colonies; and Japan defeated richer Russia in 1905; and the Americans lost in Vietnam; etc - GDP does not determine military outcomes.
Basically discounted short rates (up to about 6 years) are a bit lower, say 20-30 bps. Longer term rates are higher. 20 year ~5% vs ~4.8%. So steeper curve makes it hard to generalise.
February 5, 2025 at 5:23 PM
Basically discounted short rates (up to about 6 years) are a bit lower, say 20-30 bps. Longer term rates are higher. 20 year ~5% vs ~4.8%. So steeper curve makes it hard to generalise.
Hopefully he would choose the UK
February 3, 2025 at 5:29 PM
Hopefully he would choose the UK
Interesting 50:50 ‘left’ ‘right’ split if you aggregate the votes
January 24, 2025 at 7:41 AM
Interesting 50:50 ‘left’ ‘right’ split if you aggregate the votes
Endlessly interesting
January 13, 2025 at 3:22 PM
Endlessly interesting
Even less of a non-event in terms of differential with US yields
November 29, 2024 at 4:45 PM
Even less of a non-event in terms of differential with US yields