Friday, April 30, 2004
yo bloggster..
i'm quite in a buoyant mood cuz we're going to keng's place later to play some table tennis, pool, monopoly or maybe warcraft.. yay. anyway, i should be happy to think that i survived bowling today..
It was such a great ordeal, like the Great Depression. Say's Law states that supply creates demand, which is so obviously untrue when we are on the downward trend of the business cycle. As the economy eases off, people's expectation change from the times where they were on the curve, towards the peak of the cycle, when everything was just nice and rosy. Stock prices rising, increased choice and innovation in the economy, great spending and investments... Then the most unfortuitous occurences happen and people stop being so optimistic. They start saving and hoarding their wealth, which becomes just so disastrous due to the negative multiplier effect, and firms cut production and also investment due to the grim prospects. They lessen their employment and pple start losing their jobs and the whole cycle repeats itself. The government start begging people to spend and NOT increasing the money supply (Ok, maybe i'm just an advocate of Keynes and i believe in expansionary fiscal policies cuZ HELL... Why would any economy be at full employment as the monetarists say.)
Anyway..Just as the economy stagnates due to lack of consumer spending and investment, my bowling score took a nosedive to ultimate nadir today! freaking 11+.. which pulls the whole AVC curve downwards due to a complete say VeRtical MVC today.
Well, it's been a tiring day, due to me being the helpful boy of the ct council who helped to move aLOT of the tables and benches around the school, and due to me being a very helpful friend who helped many pple locate and carry thE tABLES and bencheS. My back sorta aches, but i guess it's the last event of my council career. So i'd put in that little bit of effort for it.
Long day tomorrow.
posted by iambrianfu [ 9:28 PM ] |
Monday, April 26, 2004
hey yo.. mY mom just fed a cockroach to the fish
ok today was quite a nice day. cuz i woke up.. and decided that it was too early.. with my mother shouting at me to get up.. and i told her 'later' .. which was like 2 hrs later... but anyway, i woke up fresh and well.. and i went for ms ding's lesson.. so it wasnt too bad anyway cuz she didnt notice i wasnt at assembly
Today's bowling was quite ok.. considering the way i bowled the other two days. my average was 154.. (previous ones were 145 and 135).. So what can i say??
the market opened at 135 and conditions were volatile as we saw the average slump by 6.9% to a year low of an absolute value of 135. Then, the economic prospects brightened, and figures surged in the third quarter by 14.1% to reach a peak of 154. The future looks rosy .. just as the Japanese economy looks poised to return from deflation, becoming the second largest trade industry in the world, with confident sustained growth.
WHAt the FUck?
anyway...
its 10 plus and its time to go..
"Success is a day to day progressive realisation of pre-planned personal worthwhile goals"
posted by iambrianfu [ 10:15 PM ] |
I am always stretching.. If i cannot, i MUST. The only limit is in my thinking. I am a super student
I learn quickly and remember well... Relax and learn.. I loVe exams
Every idea is possible.. It's only a matter of skills and STRategies
It is Okay to make mistakes.. I learn from my mistakes.. I'm a Super-student.. Relax and learn
Learning is fun, Exciting and Interesting for me.. I learn quickly and remeber well
For things to change, I must CHANGE First. I am a super -- student.. Relax and learn
If what you are doing is not working, Do something else that might work for you. FOCUS on your outcome
A positive personality brings sure success.... if you believe in yourself, you know you can and will succeed in school
and of course.. the best of all..
Success is a day to day progressive realisation of pre-planned personal worthwhile goals.
.. these are some of the quotes from my superteen camp.
wow.. aint they powerful.. Look.. i'm all geared up already. Ok.. so if i say
i'm a millionaire
i'm a millionaire
i'm a millionaire
i'm a millionaire
i'm a millionaire
i'm a millionaire
i'm a millionaire.. i'm really gonna become a millionaire..
jUSt the same way.. i'm gonna say. Maths is Chicken. MAths is easy. I'm gonna whack maths. Beat it to pulp. No sweat for maths. Im gonna ace tomorrow. Yeah.. Its gonna happen. cuz
A positive personality brings sure success.... if you believe in yourself, you know you can and will succeed in school
But i guess i gotta finish studying before that's REALLY gonna happen. Half more to go.. Gambatte. Hrm.. anyway.. its just maths A . I'm chillin out and over
posted by iambrianfu [ 12:07 AM ] |
Friday, April 23, 2004
When i set up a small family business in the near future, here are a few strategies...
1) the efficiency-wage theorem - Henry Ford
... which recognised all those decades ago when offered to pay above the market wage in order to raise MRP. Notice – not paying high wages because workers were already achieving high MRP and were therefore attractive to him, but in order to induce them to create higher MRP in the future – out of FEAR of losing such well paying jobs. (NOTE that none of this is related in any way to fairness) -->J.Cook
wait a minute.. so what's fairness?
There's is no room in an economy for freedom, but there certainly is a place for fairness. As mentioned in my previous entry, freedom is an absolute which is correlated closely to getting-things-done-as-naturally-(by market forces)-as-we-could. Ok.. maybe i have put it wrongly. The idea should be 'free'.... just 'free'.
Fairness is in itself a normative statement. My fair couldnt possibly be EXactly the same as your fair less with have exactly the same minds and thoughts. Therefore, what the government advocates as a 'fair' economic policy of taxing 'sins' (smoking , drugs, booze, toplessbars) to subsidize university education, may not be so fair in an economic sense afterall, since we all know that the taxation of 'sins' are very much regressive, and they worsen the welfare of a state by widened income disparity.
Damn.. that was quite an amount of drifting off..
So the fairness here couldnt mean "Im paying you a little more coz u work harder than the rest", but the effect is to freak u into working even HARDer for me even while you are already working HARD for me.
2)
posted by iambrianfu [ 1:06 AM ] |
Wednesday, April 21, 2004
as always.. here's the economic outlook for the nicholl highway incident
Vadivil Nadason is gone. and so are the three other missing. Why does the goverment say that they are still looking for the two Singaporeans and the china national?
It is just not economically justifiable to begin an extensive search project for these guys. Just think... If Singapore doesnt have cars, we could well have 5 or 6 less deaths from car accidents each year. The negative externalities from usage of cars would be gone. No more car exhaust (ok, this's not quite.. we have catalytic convertors now), no noisy car horns..
hey.. but all these goodies come with a friggin' high price.. it is disastrous to the economy. an efficient economy usually has a v established transport system. (afterall, one of the assumptions of the comparative advantage theory is perfect mobility of resources within a country)
The emphasis of is not on looking for the missing people but in potraying the goverment is TRYINg to look for them. There is a clear distinction between the former and the latter. The first one requires a whole large search team and the need to halt the renewal process. This is extremely costly. Each day without nicholl highway, is a day with more crowded roads near nicholl highway, lack of business for shops that nicholl highway lead to, and discontent people who dont really care about vadivil nadason, but thinks that the govt isnt doing anything to increase his conveniene. the second option is simple to and simple to do. Just blow the whole damn thing up with the media.( its great too, with the revenue that is generated from this coverage) What needs to be done, is to show a few SCDF men with dogs running about the rubble.. and yes.. thats about it..
posted by iambrianfu [ 11:09 PM ] |
shit im sick today... i hate to be sick cuz i cant eat panadol.
posted by iambrianfu [ 9:20 PM ] |
Tuesday, April 20, 2004
today's a loong long day. its monday. but its 24 hours! same as tuesday wednesday up to saturday. saturday and sunday seems short. Why? its the psychological impact of the monday blues that create the additional imaginary hours of monday. i introduce... Alfred Marshall and the marginalists..
ok .. im digressing a little . but anyway... economics is about marginals. Margins tell the whole story, not absolutes. That is why econometricians hate the words 'complete' and 'free'. There is no such thing as a perfectly competitive market. Its a horribly horrendous economic model that shouldnt be learnt at all! (i guess its only used to explain the 'economy' as a academic concept and not the practical economy) Even the closest monopolistic markets which we talk about are based on a multitude of economic assumptions that HAve to hold. In my opinion, free trade is a misnomer cuz the 'free' is tied to so many other things, amongst them, creation of vested interest. Also, i believe that perfect market failure does not occur in real life. (correct me!)
Let me get back to my initial argument. Why is Monday a long day? We notice long mondays because of the marginal effect it has on us, not the absolute effect. What can i say? Tired arms, Closing eyes, what else? In addition to the psychological impact of 'thinking' that monday is a long day.. there we have it... a darn long monday...
-Marginalism declares that the past is behind you-
why? because the sweet cherries you ate yesterday do not affect whether you are going to eat the not-so-sweet apples today. What you have hand are apples. Big, red, juicy,but not-so-sweet apples. You can choose either to eat them or not. We weigh the marginal cost and benefits here. i believe that the apples and cherries are therefore viewed as totally independent occurences (otherwise one can say that the sweet cherries will cause a high rate of marginal disutility to set in when the not-so-sweet-apples are consumed... oh my.. thats d2y/dx2!!)
ok .. i found out what kuachas is..
"The Zambian currency is one of the weakest in the area. Prepare you pockets for a load of notes as the exchange rate is approximately 3,800 kuachas to 1 U.S. dollar."
its the zambian currency... one point for my econs S mcq!
posted by iambrianfu [ 1:00 AM ] |
Sunday, April 18, 2004
ok .. im so happy. im quite done with this part of the site.. html is so funn
i went to centro and RAV yesterday.. ok.. it wasnt that fun already. maybe its cuz of the downward sloping demand line.the absolut waterbabes bikini show at centro wasnt too great either. it started freakin late... and the shots were like how diluted. the music was good though.. nice house mix ( not too loud too.. only till much later ) the crowd was quite old.. but freakin.. tt shouldnt be an excuse to dance wif... gUYSs!!?? ok.. i didnt do too bad.. danced with this two girls for awhile .. den i saw 4 babes.. ok i think i have to hone my pick up lines. they went off
we moved to RAV.. and it was crowded like a damn shithole. with all those bald ns bastards making the whole place like a freakin sweatshop. ok.. i saw this bowling senior there but he was fucking dao (ok he can just fuck off.. he bowls like fuck shit) .. and i saw tanny with the dingyi guy.. AgAin! the music wasnt too great.. just lame boring r&b..
ok i tried a fag. it wasnt that great after all.. darn.. smoking kills
this wk im gonna go know that yr two chio bu.. its freakin surprising she existed! i hadnt even noticed her till this yr.
posted by iambrianfu [ 7:31 PM ] |
Saturday, April 10, 2004
Discuss the William Hung Phenomenon ...
The following case is a representation of the winner-takes-all market. Why do i say so? Just think. William Hung is no doubt amusing, but he is only marginally more interesting than the next best comedian (is he one in the first place?). The winner-takes-all market, as Robert H Frank puts, is a capitalist system where the top most or elitist brings home most of the industry's profits. Other examples include the sporting arena, where the top 5 percent tennis players collect around 30 percent of the the industry's profits. Similarly, soccer players command phenomenal wages because of the same reason. They marginal revenue product theory is not justifiable in this instance. Consider this case. When it comes to skills, we do not say that Real Madrid's David Beckham is a hundred times better than Singapore's Indra Sahdan Daud ( Well, if that is the case, Beckham would be scoring a hundred out of a hundred free kicks, while Indra Sahdan would only be able to manage one out of a hundred. Inconceivably nonsense!)
In a free market economy, each economic agent is selfish and it is only through this that society works best. As indicated by Adam Smith's invisble hand, market forces will determine the demand and supply of a good or service. (William Hung provides a service of boosting economic welfare of others by enhancing their utility. ) As such, the invisible hand points its thumbs up. This is indicate by the demand curve shifting a great extent to the right. Coupled by the fact that the supply curve is perfectly inelastic (one!). William therefore, commands a high wage. We should therefore be asking : why is there such a great demand for this service? How did it come about?
I explain it in the following two ways...
Global media is an immense tool that can work as a massive advertising machinery. The demand function for William's service is shifted to the right and is skewed to form a greater angle with the horizontal quantity axis. (the latter though, has no whatever effect on William commanding a high wage)
Secondly, i attribute the phenomenon to a model which i have come up myself. I coin it - latent demand. This term is otherwise known as 'hidden' demand. In a nutshell, it means that people are always ready to give up some other demand for an alternative one due to changing demand patterns. What i mean is that demand is always fluctuating and we would never know, maybe only at a point of time, what our demand is. Even then, we are still not certain. Many economic models (the most common being the Arrow-Debreu model of Demand and Supply) assume that the consumers are welfare-maximizing. But this is not the case in reality. What i can say is that the human mind is complex and the individual do not know what they really want.
All i can say is that William Hung had a massive latent demand.
Nevertheless, I believe that the William Hung Phenomenon is a bubble phenomenon. Again, i attribute it to the model of latent demand and fluctuating demand patterns. What people might demand today may not be what they would demand tomorrow. This is especially in this case as William Hung has not the capacity to constantly upgrade and sustain their preference. He is marketed only on one sole purpose - to be mocked and laughed at
posted by iambrianfu [ 1:01 PM ] |
Thursday, April 08, 2004
It is thursday morning. i am editing the Nanotech presentation. If i am still doing going to work on it for another 15 mins. The title of the project is going to change. (sorry qinhong.. haha)
ok.. like the beckham and loos sms quote. here's one
"If you dont wish to go...just say... i'll respect you... as for the strategy shit...no point telling me ... go ahead and tell the fucking principal... all i know is that i'm supposed to finish selling the tickets...and we'll all make sure it's worth the money.."
Ok .. i am too nice and i got turned around and shot. But anyway.. i was kinda expecting it so it doesnt really matter. in fact.. im quite happy that she actually replied.. lol
today was gp common test and i think i was totally off though it was so fucking easy but anyway.. i was off and i should think that i have been off if i dont think i have dont well .. which i supposedly think so. But GP is an important subject. Coz the whole world will friggin get 4As after the release of the A level results and what separates me from u.. its dreary old GP...
i got my ct results some time ago. and hey man (fuck u dont say im cocky) they suck like the dirt , like some serville sprawling scum of the earth. because i got D for econs. which epitomises everything. this is bad coz i have to write it in my scholarship application report (Hell! even last yr's mids and promo results... and sec4 O's results! damn) but well.. as what some people say.. econs S students dont usually do well for econs A coz we look at the broader things of life and not the finer details which 'is so damn obvious that we dont bother explaining'. ok i'm comforting myself. So i got a DADA. which had originated from promos CCCD .. and mids BBBB. On hindsight... all is not too bleak coz im doing fine with maths S and econs S isnt really demanding.
Get a life.. outta school man
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Fags, Booze, the Grinds .. they have it all.
Let loose and Chill out..
posted by iambrianfu [ 1:21 AM ] |
Thursday, April 01, 2004
hello!
im aWake im awaKe.... the sleeper awakes
so what to write about today?
it is a long day and i am tired. though i am quite happy today. why so? ever since i have been reading about the John Stuart Mill and the utilitarians, i have been asking myself. Why do we work so hard each day? Well.. we work hard so as to enjoy the process of being busy which in itself is utility-contributing and not so much about the fruits of our process. Come to think of it.. when will man be satisfied? after he retires at 50 and live on the hoard of wealth he has accumulated? well no.. man is an unsatisfied creature that yearns for a sack of rice when he gets a meal. He is 'non-satisfiable'! Think of a day when man finds that he has no more wants to fulfill (which is highly impossible). Man will find that he has nothing worth to live for now. Why so? A man's live is a constant pursue of a desire -... A small boy wants to grow up and find a woman to be his wife.. a teacher wants to retire and get away from students, living on his measly pensions for the rest of his life.. Think about it
So... the bottomline is that i am maximizing my utility whenever i do something.
We should all strive to be happy people
posted by iambrianfu [ 7:37 PM ] |