Wednesday, June 30, 2004
the post finally came today. and its confirmed. im a pes C9 boy of deployment status L3. which means based for duty only at the army base. even zhirong the limping boy is C2. so i think im pretty lucky as my NS years will pass like a breeze. just think about it. its a two years break from 12 years of studying. get it right. 12 Freaking years from primary one to j2. im now at yaocheng's house and we are getting ready to be sick tomorrow because my dear holland is playing. and when holland is playing, everyone must make way , even lousy economics papers.
anway, i haven really started on economics yet . so erhem.,.. thats kind of an excuse too.
ok. stuff bout today. i was screwed but tan fucker hui because he doesnt like my hair. but i kinda saw it coming and actually, on a rather fair point of view, i am the one in the wrong. so.. tan fucker hui is not at fault but me. but tt doesnt give him the reason to kaobei so loud right. fuck. is he deaf? am i deaf? what a big dick head ---> (0|0)
then i went for piano and buni scolded me again. and i was so angry with the pent up anger from the morning, carried through the chem paper too that i nearly told her i wanted to quit. bui i didnt.. cuz i couldnt let my emotions overcome me. and in the end. i ended up playing quite ok. and buni made me play my beethoven piece in front of annette. haa
ok. so good luck to all those taking econs.
may the spirit of adam smith guide you through your papers
posted by iambrianfu [ 11:07 PM ] |
Tuesday, June 29, 2004
i was talking to jiffy this morning and he told me that he is in pes C9 , whatever that means. he said that its the most relaxing pes C segment. since we are both low hamoglobin boys, i think i'll be going to somewhere in pes C too. ive sorta made up my mind already. i told ma that im not gonna appeal to be combat fit. and she said that its good, cuz practically everyone is trying to run away from army, and here i am, wanting to be an officer - a chiongster. so mervin is also exempted, he's pes B. but he's a storeman and it should be quite relaxing cuz he works nine to five. i am gonna be a driver so i can get to learn driving free of charge. woohoo. and work nine to five too. im gonna give up on my officer dreams and get more realistic. c'mon.. army's only 2 years and what can i can do with an officer post after that? no big nuts. if i work nine to five, i can learn to drive (even if im not a driver), i can learn some shit during the free time, get a gym membership to tone up, pick up some jc girl, probably some acj girl. and have a wonderful two years of NSF. isnt that just wonderful? then i can earn extra bucks by giving tuition, piano lessons or organise events outside ns hours, to cover the 700 difference between a non-combat fit personnel pay and a officer's pay. just think of all the poor boys struggling in the jungle getting bitten by insects and worms and shit. if i dont be a driver, i can be clerk and sit in an aircon room the whole damn day. how rocking is that. and after my two years, im gonna go fly off to uk to enjoy another couple of years. life cant be better.
so today's gp wasnt too bad after all. i was saying i was going to write about some jihad boys and terrorist and guess what? the big first essay question staring at my face was a 'is terrorism justifiable' question. oh.. i had quite some fun writing about our dear old muslim jihad boys.
there isnt gonna be school and im gonna start studying economics. i was reading the balance of payments notes just now and practising some essay techniques and if all goes fine, i should be ok with chem n econs tomorrow.
the night is kinda quiet without soccer today. still yearning for the next match. portugal and my dear old holland boys
posted by iambrianfu [ 1:33 AM ] |
Monday, June 28, 2004
dear blog. im back hear at my dear old home again. its the first day of the holiday and boy am i having fun. look. i just went to school for a couple of hours to do a maths paper. hrm.. it was pretty easy and i probably get about 90.. but then again, shouldnt speak too fast yet. but a reasonable gauge.. yes an A. an A will do. so.. i'll be heading back to school later for GP. which is Gonna be 3 MORE HOURS. but hey.. there's no school tomorrow. its the second day of the holidays tomorrow.
so i was reading the papers and i saw 3 turks at gun point. and mutha fucka.. whats with all the beheading man. its getting trite. these bloody jihadists. i havent really started reading my mcworld vs jihad book yet, but i will get to it after the exams. then maybe i can be a bit more understanding towards muslims. muslim terrorists really force a really bad impression of Malays in my head. muslim = malay= muds.. come to think of it.. i dont have many malay friends. probably a few, but you know. the numbers start to get smaller and smaller as you grow older cuz many of them just stop schooling at primary 6 or probably sec4. wwhoaa... thats a bit too far. ok primary six. and you lose touch with mud friends and you dont really see muds except at the street soccer courts or at the void deck, and your opinion of muds become BAD> ok. rough nonsense. i was watchign the nick berg beheading a number of days ago and it was totally GrotesQue. yucks man.. the bLood spilling all over the floor and he's head lying on his body . STARING at YOur face.
maybe i'll write a terrorist essay later if theres a topic on it. it'd be pretty interesting.
posted by iambrianfu [ 12:35 PM ] |
Saturday, June 26, 2004
good day! it is Time for your daily dose of economic commentary.
well well. what do we have today? to start things off, here's a quote that i can remember. i think its from adam smith or something. it goes like this : people of the same trade seldom meet together even for merriment and diversion, but the conversation always ends up with a conspiracy against the public or some contrivance to raise prices.
in the world of macroeconomics, students are always riddled by the four elements of growth, inflation, unemployment and the balance of payments. dont you hear too often of your friends saying that there isnt time to prepare for the examinations and its time for them to study , for instance, the balance of payments and not inflation or maybe, just unemployment and not the rest. well, chances are they have completely bundled up the study of economics and seriously undermined the four elements. so what is a study of economics? i came across a definition of economics that i liked to a certain extent. it goes something along the lines of economics being the observation of the behaviour of human behaviour at two ends of a spectrum and their needs to be satisfied by scarce resources. well, i think its much complicated then that but i cant quite remember it.
so maybe i should formulate what i think economics is about. it is about the individualistic behaviours of people that constitute a large continous transactionary process based on the limited resources that there is available, but, due to the self-centred-ness of people is there progress and an expanding capacity which's allocation is in the decision of the few that actually run the system, and prone to public scrutiny.
so life has been quite fair and easy for me these few days. ive been to the airport a couple of times but i guess i wont be going there anytime soon. i think its saturday now , which means that tomorrow is the LAST day of school. which kinda sucks. cuz school is gonna start with a bang and the first week kinda resembles a holiday. wtf? why a holiday?? anyway. dont you find that you have just need to go to school about 3 hours each day. yay! but theres exams.. which's kinda long and boring.. so its kinda sad once again, and which should all be in a sombre mood. but once the exam's over its the weekends. and weekends are fun, or presumably, they Should be fun cuz they're weekends. so i should be having fun in another 7 days or probably 168 hours or probably.... it seems quite far off though. :{
i went to cut my hair today and i thought i wanted to cut a barthez hairstyle but i didnt anyway. my hair is still brown but i seriously cant be bothered cuz im a yr two and tan yew hui is quite a dick already and i dont go to the pe dept to put or take my bowling ball. so i dont need to worry too much. but the hair dresser was quite amusing cuz she told me that an army boy dyed his hair and had to go back to the army but he was quite sad of cutting he's hair or dying it back to black. so he had an idea and sprayed he's head black. and he went marching under the sun and he's whole face became black becuz of a concoction of the dye and he's sweat and he got screwed by he's officer and came back again to dye his head which was quite dumb and stupid afterall. so i was thinking i couldnt possibly dye my hair already cuz my hair is so short , and if i take PE, i might suffer he's faith. so i might end up coming back to the hair salon and being like a barthez afterall.
posted by iambrianfu [ 1:39 AM ] |
Tuesday, June 22, 2004
yet again, ive bought two more draws. they say that.. in life, one cannot give up too easily. one must persevere to the very end and he will enjoy the fruits of his labour. im gonna win big bucks one of these days.
anyway... come to think about it
im not much of a gambler. gambling is bad sia. shouldnt be a habit. one shouldnt rely on it earning money. i dont do that. i just by small bets usually when any tournament starts just into the mood of festivity.
but when the event progress, i just get carried off.. so dont blame me.
gambling is bad anyway
posted by iambrianfu [ 9:53 PM ] |
Monday, June 21, 2004
i bought two more draws today..
my brother bought me a jihad vs mcworld book that i saw on the bookshelves in some bookstores but didnt really bother to look at. so im going to read it after all.
been mugging recently.. goodbye to humanity cuz i wont see much of light this week. im saying tt cuz i'll be studying for the mids thru the nights of this wk..
posted by iambrianfu [ 9:59 PM ] |
hi.. i bought myself two draws today.
and the lover boys ronaldo n torres are playing.
posted by iambrianfu [ 2:56 AM ] |
Sunday, June 20, 2004
those czech asses have beat the shit out of holland. and euro is such an ironical show cuz they always show the faces of the losers and the winners after the match. the czech have got good shooting. but so do the dutch. so since the czech boys like to win so much, they had better whack germany out and holland will finish latvia up.
so now, the two teams i sppt will be in second places. holland n england.
well, the dutch coach is a real coward. just like what van nistelrooy called him. he is a horrible tactician. and arjen robben should just kick him in the teeth. when a team loses, the players will look sad. but in holland, the players arent sad. they are angry. and an angry team cant go far in this tournament
posted by iambrianfu [ 4:35 AM ] |
a few days ago, i thought i was happy for my brother cuz i helped him win about a hundred n fifty bucks fr portugal, czech n england matches. he had arnd 450 in his online acct and i told him to take the money out n tou1-xiao4 already. and guess how right i was. in just two matches, he lost 500 bucks n there is a big fat 0.00 in his ladbrokes already. well, soccer is cruel.. esp cruel to those crazy betters like my brother who doesnt have a winning strategy and just follow their animal instinct. thats crazy..its just all what the game is about. tts why soccer is such a lucrative industry. im gonna go for my drawing run soon.. i realized not long ago tt its just applicable in euro too. how could i have been so dumb not to realize it earlier.
so whats with all the money flowing around here and there changing hands. i suggest you guys stop betting already. havent you read that the Federal Reserve is gonna raise interest rates to mop up all this excess liquidity and to prevent the creeping inflation around the corner. we are all dead in the long run. so stop lavishing your wealth in conspicuous ways like funding william hill already thick bankbook.
one day im gonna write a book about soccer betting and there will be parts of economizing behaviours by bett-ees and there will be tips on how to place a good bet (although they will not be full-proof. but even then, they will be good enough to entice u guys to buy my book). And there will be stuff like why people bet, and more stuff on probably cost-benefit analysis of betting and moral hazards, and its impacts, and its impact to the economy apart from the individual. and just to add a little colour to it, i'll throw in my how-to-win-big-time-with-brian strategy, which is the one tt only involves draws and the need for huge start-up capitals.
i saw the odds of the sweeden denmark match on eurobet on soccernet and i was shocked... stunned. its 2.25. that is absolutely wrong and bad for my system . its far from the 3.00 minimum tts required. looks like i need to make some adjustments to my strategy.
posted by iambrianfu [ 2:05 AM ] |
Friday, June 18, 2004
today, kayun from nj injured me. there are wounds on my left knee, and a stretch of wounds down the whole of my left hand. it is painful, and i will remember kayun the nba star who plays as a keeper cum striker.
ok.. kayun is really a dick cuz he scored two goals today in our 2-1 lost to chinese high. anyway, no one even bothered to mark him cuz we all thought that he was too lousy. but he sure proved us wrong.
im gonna get some new boots cuz my ole' ones keeps causing me agonizing blisters at the heels. im gonna play more street soccer and be a full-fledged striker so i can show the misfiring kenny that he isnt doing what strikers are supposed to do. so our dunman team is gonna play three strikers or kenny will have to make way for me soon and i will partner bengwee.
i went to study at the airport yest with ed camy n lizhi yest. if all goes well, i should be able to finish my chemistry preps soon. then i can start on my maths S.
posted by iambrianfu [ 10:35 PM ] |
Thursday, June 17, 2004
yoyoyo. couldnt wake up for piano today. so i said i was running a high fever. hrmm.. thats pretty irresponsible of me again. went to visit rong yesterday, and we got him some fruits. he's looking fine after all although he walks funny. then antho merv n ed came to my house to watch soccer and our conspiracy tried to burn ed's leg hair and pour wax over him but it didnt really happen. so anyway, i bought a little hope for my self. england to win euro . although i dont really think it'd happen, but its worth a try.
i just studied some chemistry and i feel like going to mug at the airport for the next wk.. im left with maths, growth, half of chem and 2-3 chpts of economics left. i hope i can force in some time to do my maths s. its gonna be a maths week nxt wk.
so ive bought two new economics book from kino w the voucher jason n steps gave me. depression economics n a book on ronald coase's coase theorem n stuff like that.. i wanna start reading dan brown's da vinci's code soon too.
posted by iambrianfu [ 5:31 PM ] |
Tuesday, June 15, 2004
hi you dumb old furbolg.. now tell me. what am i doing online now? i guess im seeing if theres any screw ups online now who are watching the screwed up sweden bulgaria match. like me.. like dumb old me. but hey.. i didnt watch the stupid loser-istic croatia swiss match. that was a goaless one. i hate defences which are too tight and keepers who are too good. cuz u dont see goals and thats quite boring if you're watching the match at home. so this sweden match isnt not so bad after all. theres goals aplenty. the earlier match.. i thought italy should have lost. and rommendahl is darn good. he's super fast.
ok.. now 5-0 to sweden. hooray! goals goals goals!!
hrm.. i wanna talk about my run the day before. i ran abt 3k.. but it was a totally satisfying one. the run was timed and steady. i started off with kengyang's advice abt runs - let the lactic acid slowly build up. so it went out all fairly well.towards the end.. i suddenly felt the urge to stop. and there was so much thoughts running through my head. i was thinking.. why was i running ? what the hell was i thinking? i slowed down, and i was thinking. shit.. cant complete what i aimed to do again.
then i glared into the horizon.. with dreary eyes. and i tasted the sweat trickling down the sides of my face. salty.. probably bitter.
then i was thinking... no . i cant stop. must keep going. and i focussed on this very spot in the distance (it was some dumb traffic light that seemed so far away) i tilted my head back, gritted my teeth, and let my legs do the work. occasionally, when i felt tired, felt like giving up, i continued to look straight at that spot. and it reaffirmed me. and it worked for me cuz i continued to run and run and run. and the surroundings seemed less of concern, each of my footsteps grew distanced and it all soon drifted away like in some kind of dreamy slumber. and the spot was there. the dot. my goal, and all my energies was focussed on that spot. so when i reached it, there was only jubilation within me. like the world just came down. and all of life soon became clear again. after of which i took my leisurely stroll back home. which was quite a great feeling. and a burning sense of achievement inside.
its four fifty now. and i think its getting screwy cuz i have to be in school at 9.30. which means i'll wake up at 8.30. which means.. 4 hours? no! less. argHGHHHGHGH
posted by iambrianfu [ 4:26 AM ] |
hey hey! today is monday again. i woke up late today. well, the after effects of yesterday's england and france match. the french sure didnt deserve anything more than a lose. not even a draw. but they won the match in less than four minutes. so now, about 24 hours later, im watching soccer again. a rather boring match between italy and denmark. >PART OF THE GAME< sounds familiar? it sure got me into it. im just drinking my second can of carlsberg today. funny isnt it. im drinking a copenhagen (denmark) product watching a dannish match. anyway, unless u dont really know me. just like how pple take tea and not coffee, im not the beer type of guy. im the wine/liquor sort. and my past achievements have been dousing vodka by the bottle, and tequilas by the dozens. hrmm.. dont get me wrong. im not an alcoholic. im just experience sudden spasms for something hard or strong. something like good old jim bean in the tiny bottle.
ok.. i forgot to go to school today. which was quite irresponsible of me. im goto go tomorrow though for the piano rehearsal again. after that im gonna come home to mug a little or maybe go to keng's house. then we'll celebrate yaocheng's bday at fish n co. nice old fish and co. i like simple birthday parties at places like fish n co, kenny rogers or some cozy little place.
hrm.. i think that adding friends on friendster is like an expansionary fiscal policy.
dont ask me why. i just find it so.
posted by iambrianfu [ 12:20 AM ] |
Sunday, June 13, 2004
today's the first day of euro2004. and its starting with a bang! i hope portugal loses and all the underdogs go through. maybe greece in the finals
anyway.. looking at all the players on the field reminds me of my times soccer tenure. oh.. the feeling which is indescribable when you put on your boots. of fond memories. our dunman team played against anglican some days ago and although i didnt score a goal, it was a good feeling to see all the guys and playing together again. so i was mainly walking during the match, but im working on my fitness though. ive been working out in the gym and running frequently. and ive made it a point to run at least 3 times a week from now on. probably start eating consistent 3 good meals a day before i start to eat weight gainers.
on a more solemn tone...
a very close family member has left us. she has always been there when we needed her. but... but.. yes. she has left us. she is my dear old maid, tarni. she has not been with us for a long period of time, nevertheless, her loss will be felt deeply by every one of us. i, myself, have an unusual rapport with my maids. so much that i used to talk to my previous maids about her life, or maybe, my life. but i havent been talking to tarni due to a tight jc schedule.
on the bright side, we've got a new maid and she will be coming soon.
posted by iambrianfu [ 12:19 AM ] |
Thursday, June 10, 2004
im a little slow, but i finally went for my ns medical check up today. so it was an experience for me coming all the way from the east to the west to this shiny building opposite a hindi temple on a darn hot day - to cmpb. well, the place was crowded with blur looking 18 year old boys who were wandering around wondering how the system worked, often so always walkin into the wrong stations. but anyway, many learnt and found out the ns guys modus operandi and soon were on the fast track, zooming through stations like a pro. im a pes D boy, being held up at the blood station cuz my haemoglobin levels are too low. whats that mean? im gonna die!
well it goes like this. Pes A are those who can run under 8 minutes, pes B- 9 mins, pes C- 10 mins. so im in pes D! yay!
but anyway, the other stations were ok and i got a pes A for all of them. in the end though, i still got a pes D cuz of the stupid bloody test. they drawed my blood 3 times! twice on the finger and once at the arm joints, drawing out 2 test tube fulls (the small test tube types u use for QA in chemistry). so when i reached home, guess what i did?
im a be a super soldier. i started reading the "how to pass your napfa/ippt test" and went for a run. it started of as a run fit for a soldier. the air was cool and my pace was good. the swing of the arms so gentle and smooth with the striding gallops like a horse. then it happened. i started thinking of my low haemoglobin levels and how im surving on half the amount of oxygen you dumb ass would have been having should you be at the same state as i was. then my steps became heavier, i started gasping for air, and my lungs started throbbing and then... THEN!!!!!
i started to walk.
like how i walked as a dunman boy during the the annual 4.8 marathon arounnd tanjong rhu, which i would so often try to find an excuse to miss.
thats bad! save me cells. im playing soccer w the guys tml. hope i can score some goals!
posted by iambrianfu [ 8:23 PM ] |
Wednesday, June 09, 2004
good day. today has been a rather fine day. i went to watch harry potter after eating at sakae sushi. got a couple of nice presents.. hrm.. kino gift vouchers, cards, wallet, cake.. CAKE!. oh no.. the cake is still in my bag. lynette's gonna kill me if she finds out. anyway, thanks all those who played a part some way or another to mark the eventful day. im not the kind of person who sits back and enjoys all the attention and sweet nothings, but just looking at my handphone stuffed with messages (i used to delete em straight away after reading them) makes me brighten up and wanna say a big big thanks you!
posted by iambrianfu [ 12:00 AM ] |
Tuesday, June 08, 2004
dear blog.
its officially my birthday now.
at this instance. staring at your face! yay. a very happy birthday to me. so a year has passed, stars have passed me by, and the world has turned around. i am now an angsty eighteen passed periods of the neurotic seventeen and the stormy sixteens. so what have i learnt over the past year. well, ive learnt a lot of stuff. ive learnt stuff about people and ive witnessed many personalities. its great to enjoy the feeling of 'becoming of age' where i no longer succumb to public scorn and displeasure of going into clubs underage, or running around in frantic search for an identity that i can pull a fast one over..
now, i no longer need to remember the IC of lan zhongzheng, bld type:O+, 2nd of february, 81N jelan senang s418448. now, i can laugh at all you kiddies trying to enter parties when OBviously you shouldnt. nono. its bad. you'd mix with the wrong group of people and your mommy wouldnt be too pleased . muahahaha
so while i feel a brimming of liberation, there is another part that is loss. introspection... a me that is drifting away from myself, as me, the original self. of infant memories and childhood desires. i got a big present today. it came in a big box from TOYS-R-US. its a spiderman kit that i cant belive some dicks can actually waste money buying. money is hard to earn you know. anyway, besides the fact that it serves no economic value to me but a temporal thrill that passes as a fleeting fad, ITS DAMN FUN.. ok i put on the spider punching gloves with electrifying sound and its damn cool coz when i punch some one with it, the gloves makes noise. this means that i dont have to whack anybody and there will be a simulated punching sound. so i had a great time 'punching' my fat brother who was running around the house with the Spidey' super mask, but i ended up punching him anyway coz .. ya.. he's fat. like mervyn.
oh.. when i do the spiderman hand sign ( tucking in the 3,4 fingers leaving the one, two, five), i can evoke the web shooting sound just like SpiderMan. oh well...
so back to my story. its gonna be just 365 days more before its my birthday again. and i'd be in an army camp washing toilets or stuff like that. the transitions of life is just so rapid that it brings us fear and uncertainty. then another 730 days and id be like some lost soul wandering around in london. then look back two years and id still be in that white uniform with metal buttons tormented by the omni-potent and with watchful eyed kiwseng. but life must go on, and time will heed not to man's calling. not even for archilles, mightiest warrior of greece, son of peleus, who killed prince hector, son of king priam, whose son, and brother of hector, paris the coward, whose arrow killed the man himself. so, it has dawned upon us that we must strive for excellence in life with whatever time we have in the world. and with this little time that we do the best of our abilities. this is so awe inspiring. and you should heed to me. because...
i am eighteen already.
posted by iambrianfu [ 2:07 AM ] |
Sunday, June 06, 2004
tml's the start of week two. and i can summarise the first week as studying at the airport for 2 days, partying one night, and playing stupid games for the rest of the time, like footman, dota, towerss on battlenet. ive planned my timetable for the rest of the holidays and it appears that i will start studying bio next wk.
there's gonna be a class outing tomorrow and i think they're gonna catch some movie or something at orchard. i havent watched harry potter though. would be fine to watch it tml. the the tj clowns told me to go chinablack at night. hrm.. still considering whether to go. i guess it'd be a bloody gay outing like a guys night out , though i think the response wont be too good for the party.
hrmm.. this is the message. (i am such a nice guy and without any obligation, and i do not know who organised this party, im gonna help him/her advertise)
Party@Chinablack on the 7th june/mon... $18-guys,$15-ladies. inclusive of 2 drinks.. Jugs of hsepour gg at $15, shots at $2.. R&B all nite till 3...
Just look at this party. the pricing strategy is kinda wrong. (it is to my realization that the june market is much much more saturated than the march market, where i organised my party). The low price strategy will only be suitable . look at hongjie's party last monday. this clubbing king dont even dare charge a high price, whats more the newbies. then again, hongjie and co. has monopoly power in the industry. so they can offer lower prices also as a strategy to raise entry barriers.
also, the message tells me that the party wont be hot cuz.1. the template is the SAME as hongjie's party - starting with 'Party@CHinablack'. hey.. they got to put in more life and enthusiasm. make it catchy too. and 2., the message's kinda dull. could have done betta with a catch phrase like 'R&B.. all the coOoolest hits. pUmpiNg ontO the dAnce floor" yeah. or could you remember something like 'rouge- playing through the lusty red ambience' or smtg like that.
posted by iambrianfu [ 7:00 PM ] |
good day to you. it is of great pleasure to talk about economics once again.
today, we go back to the monetarist keynesian debate that is seriously non-exhaustive. there is just so much to talk about. though.. the key difference between the two. summarised in three points.
1.flexibility of prices and wages. 2.flexibility of supply and 3.expectations of demand in the workings of the market.
an interesting statement : supply creates demand. but why is this so?
Let me quote a v interesting statement from Jean Baptiste Say..
[A] product is no sooner created, than it, from that instant, affords a market for other products to the full extent of its own value. When the producer has put the finishing hand to this product, he is most anxious to sell it immediately, lest its value should vanish in his hands. Nor is he less anxious to dispose of the money he may get for it; for the value of money is also perishable. But the ony way of getting rid of money is in the purchase of some product or other. Thus the mere circumstances of the creation of one product immediately opens a vent for other products.
Hence, we see that Say is indirect trying to emphasize that supply is sure to create demand, prices are downward flexible, markets will clear, and there will be full employment. production of goods and services will generate expeditures sufficient to ensure that they are sold.
Say,a classical economist, believed that firms hand out payments to other firms or as factor payments to households when they produce goods. there are four ways that income can end up. they are through consumption of local goods (Cd) by households, and throught the leakages - savings, imports and taxation. well, the first one is fairly straightfoward. Cd causes aggregate demand to be boosted. whereas for the leakages (S,M&T), are merely seen as withdrawals that will go back to the cicular flow through injections. In this case, savings is equated to investments, imports to exports, and taxes to goverment expenditure.
henceforth, all income returns to the circular flow.
a further justification on the S=I(investments) and M=X (exports). i shall skip the assessment of S=I. the more interesting one at hand is M=X. Referring to the case of the British economy. After the great depression, the Uk's economy was operating on the gold standard. that is, the sterling was attached to the value of gold. The central bank held gold as reserves and a balance of payments deficit meant that Britain had to pay its debts using gold. ok. so assuming that there indeed was a BOP deficit (M>X). there would be an outflow of gold from the country. to maintain the stipulated cash-reserves ratio, the central bank has to reduce the money supply (Ms) of the country. As said by Milton Friedman, "inflation is always and everywhere a monetary phenomenon", the fall in Ms is followed by a decrease in the general price level. Exports become relatively cheaper and imports more expensive. hence, X will increase and M falls until X equates to M.
a further note on an earlier point.
the flexibility of aggregate supply argument is "always and everywhere" nearly the distinction between a Keynesian and a monetarist. monetarist are also known as supply-side economists. they believe that demand can only raise output and employment in the short run and demand-side policies (such as expansionary fiscal policy) will not be effective in the long run. They believe that aggregate supply can only increase if quantity and quality (increased factor productivity) of FOP is increased or if there is some technological improvements in the economy.
so what happens when aggregate demand increases say, as a result of expansionary fiscal policy. Prices would get bid up. Consumers would realize the fall in real income and demand a wage increase. as such, firms realize the illusion of increased demand due to rising factor costs such as wages, raw materials and machinery etc. hence, there would be no increase in output and employment but only rising prices.
Keynesians, however believe that there is slack in the economy. (here bringing in the role of expectations in the working of the market) people's expectation of future demand would increase given that there is increased aggregate demand. Unemployment would fall and output would increased. therefore, investments would also rise due to business confidence, which ultimately gives rise to a increase in the productive capacity of the economy , or a shift outwards from the PPC.
then again, Keynesian argued against a laissez-faire, but an economic policy that sees a push by the government to ensure employment closer to optimal output. The Keynesians believed that an increase in potential growth may not see an increase in actual growth (ie, an outward shift of the product possibility frontier but the dot remaining at the same place) this in contrast with the monetarist that there will always be full employment in the economy. when the PPF shifts outward, the dot would accompany this shift such that it appears on the frontier after aggregate supply increased.
its been a tiring day today. dont have much to write
i still have my flu.. ive had it for like 71hours ! damn! can you beat that. and i hope my cough will begone by tuesday so i can eat the ice cream at breeks..
posted by iambrianfu [ 1:31 AM ] |
Friday, June 04, 2004
hi.. im sick. sick as a cow. aWww.. been coughing and sneezing for as long as i can remember. and i woke up a couple of hours ago. what time did i sleep? oh i slept on thursday morning. what happened then? i rememeber coming home from the piano rehearsal feeling like shit cuz i was tired sleepy and fluey. so what day is it today? friday. friday the 4th. 4 more days to more birthday.. yay. shit.. my back aches and im feeling like shit. so i slept 24hours non stop. all you future doctors out dare better do something. invent a new medicine thats not panadol or parecetamol. cuz im allergic to both of em and i get choked and suffocated cuz of expanding windpipes and my eyes gets puffy and red cuz the hormones start to bleed. yeah.. yuck. hormones cant bleed you dumb ass.
anyway, i took up some economics and started to read before this
its about the opec amd the oil prices. since i havent been commenting much about economics about some time, here are my views.
a little of background info.. saudi is the greatest oil producing country in the world, followed by russia etc. its production of 9bpd ( barrels per day) of oil is unsurpassed , and it is the buffer capacity in saudi that affects much of the world prices today. its is said that up to 20% of the oil price today is not due to genuine demand and supply but due to the speculations. since we have all the threat of terrorism (cause) and the opec raising output (effect), oil prices has been highly volatile nowadays, fluctuating around US$40 per barrel. a point to note also is that the oil fields in saudi are state owned.
so the crux comes in high. how is the world affected by rising oil prices?
developing countries with a high marginal propensity to import are those affected the worse. I am talking particularly about China. Escalating energy prices causes import inflation in China. we all know that the China's Yuan is seriously undervalued ( pegged to the US dollar), and the rising price of oil causes the overall real income in the country to plummet. the purchasing power of the yuan diminishes. why do i say developing countries then? these are economies which are inflexible to crises in the world economy. henceforth, China rapidly industrializing (and very much open) economy would still be reliant on goods such as oil, and would not be able to curtail demand in response to rising prices. China is presently the epicentre of trading. the imported inflation causes phenomenons such as the wage spiral, where workers demand higher wages in response to rising commodity prices (face it.. every good or service in the economy is somehow affected by oil prices. let me say that you buy a cake from the local bakery. the cake is delivered by a van which is somehow or other powered by oil. there you have it - higher price of cake passed on to you due to increased costs from the firm. ) so as to maintain the same standard of living.
then again, we have the theoretical economic argument that SOL is not merely due to material welfare but also of non material welfare and the argument breaks down.
cost-push inflation in China is therefore spread to many countries as i mentioned, due to its role as a trading hub.
im a going to see a doctor.
posted by iambrianfu [ 2:41 PM ] |
Thursday, June 03, 2004
hi. im in the computer lab in school. i wanna sleep soon. but there'll be a concert rehearsal later. i came about 7 plus and just fell asleep on the couch outside the piano room. i realized that my duet partner is this short boy who seems quite dorky.. anyway, he looks quite a nice guy and he's playing the treble, which is good stuff cuz i only tried the bass and the bass looks easier.
ok.. im attracting some stares around in school, like ive grown some turban on my head. maybe its because of my hair.
posted by iambrianfu [ 8:58 AM ] |
Wednesday, June 02, 2004
time flies like an arrow and fruit flies like banana. after a slow start to the holidays its finally june. yes june. its my birthday soon.
i got myself a new phone. some samsung phone.
anyway.. my new number's 92773722. quite a nice number i think. but it seriously doesnt matter cuz the number's gonna get right smack into the phone book. no one's into memorizing numbers these days..
its a slow slow dayy.. i woke up around 4 hours ago and it was rushed all the way.. took a cab down for piano lesson then went to parkway for a while.. till just when i had my dinner, or should i say 'breakfast'. so my whole biological clock's ruined . but seriously.. i dont care. thats what holidays are for, you try doing all the dumb shit. so i went to the airport yesterday to meet up with calebs. and i knew i shouldnt have gone cuz he's just a dumb dick. acjc pple cant study and its useless to go find them. we went to some cafe at terminal 1 and he started eating some sushi , hell knows from where. then he started talking to me about how he'd failed most of his 3 subjects and the next round of exams would be prelims, and ramblings of this sorts of which i wasnt paying too close attention to. then the dumb dick pulled some chairs together and fell asleep.
i like the cool night and not the hot morning. i do not enjoy the warm afternoons and perennial sweat drops on my legs. i like the quiet evenings and the stony pavements, and i like the incandescent glow of cafe lights.
i want to play the piano more often too. i wanna take the chance to learn all the pieces i havent had the time to touch. there's a piano rehearsal for the concert tomorrow and its pretty horrible for me cuz i havent met my duet partner yet, nor know who he is. and we're SuppoSed to perform tml!!
whatsup.. i think im gonna dye my hair some day
posted by iambrianfu [ 7:52 PM ] |