Posts by Steve Barnes
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20/20 hindsight would be a wonderful thing if we didn't have to put up with crappy reality,
But Craig, dear chap, it's not the reality were looking at, it's the collapse of fantasy that is the problem here. The system is supposed to work like this.
You give me your money and I will give you more back, as long as I can find people who want to borrow that money from me at a higher price than you are charging me. This works great all the while I am lending to people who are adding value with their expertise and hard work. It turns to shit when that added value is purely imaginary, as in too good to be true.
I am still at a loss as to where the money has gone, or was it just imaginary money to start with?. -
We sat down last night and figured out some really neat iPad cover Designs, they seemed so clever in the Cauliflower Cheese induced euphoria of the late evening. They did all kinds of gymnastics to give functionality and protection, some were akin to the most complex origami others had a hard as nails football boot feel.
All to no avail, how can you compete with These?. -
First I must apologise to Steve for not having taken all the degrees on offer at University.
Accepted, slacker.
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I sat down to watch the "Debate" last night but after a short time I decided I had bigger things on my plate, in this case it was a rather nice piece of Gurnard and some cauliflower Cheese.
Looking and listening to John Banks reminded me of a stoner going on about how he would spend a Lotto win. "We're going to buy a new train set and make Brittomart work like a real train station and buy lots of really neat stuff, it's going to be great" The truth, however, will be slightly different "When we sobered up we found out that we didn't actually win Lotto"
This tactic will work on the numb of mind as it did for National in the National elections, promise the Earth and when you've won, not deliver.
After all, it was about winning, not keeping promises.
As soon as Brown mentioned the rail link to Albany I thought "Oh, so you think you're going to win instant Kiwi too?" -
As, no doubt, you have all seen
"Now the receivers and liquidators can get under the hood of the South Canterbury empire and work out what Allan Hubbard was really up to."
It is not what he was up to that is the problem, the problem is that it was allowed to happen at all, where is the oversight?.
Now we should just flick off the bad debt to Australian Banks and roll the rest up into KiwiBank. KiwiSaver and the "Cullen Fund". Now is the wrong time to play market speculators, which is what I bet JK & English are gagging to do. Maybe that could cut our overseas borrowing to an acceptable level. -
Yes, there is science to everything and what is a science and what isn't can be quite confusing. Take a peek at Nash's game theory as applied to economics and I will show you how close to custard science can get.
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More like a HippyFlask.
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Someone will be screwing on top of the coats in the spare bedroom
You'll always find me hiding under the coats at parties.
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And the applicable Scientists are?
Here is a list...
We can't use these...
Statistician, not a science.
Economist, not a science.
Feel free to expand this list. -
Thank you Craig, you're such a tease ;-)
The problem is the designers of business are basically guessing and its time the whole game was given new workable sustainable rules.
People think I'm joking when I say the rules of economics should be based on Thermodynamics, Money cannot be created or destroyed, merely changed from one state to another. The difficulty in this is the measuring of potential value, basing it on risk alone is ridiculous, you end up with perceived high values being the least likely to eventuate. The best way to do it is...
Send answers on the back of unmarked $100 bills to....
ETA. The biggest part of the problem, as far as I understand, is that the risk of an investment is calculated by its risk assessment and that risk assessment is supported by confidence in the diligence of the Financier this must, inevitably, lend itself to conflicts of interest.