Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

Hays, they were analogies to help individuals like you to understand the model.

Sadly, he failed.

But, in one way the market has many holes in it.

fred 3 £10 =30 you give back to the £1 so they then paid 9 not knowing that he put 2 in is pocket plus the 27 =29

this is as old as the hills

There's not necessarily anything wrong with his ideas, but Keynes' policies are really only intended for use during a recession.

The problem is that they were being used during the boom years when they shouldn't have been. As a result, there's no money in the coffers now to implement the infrastructure investment advocated by Keynes, so you've got to have austerity whether you like it or not.

not if you're fred you don't .... he knows (from his comfy armchair) absolutely how this gov't has done everything wrong, and therefore by elimination, knows exactly what they should have done - hahahaha!

Tanker,

It's not difficult to see that you're a mathematical genius.

Tell me please, what is the Nash Equilibrium in the following game between Kuwait and Saudi Arabia?

The payoffs are net profits to each from producing millions of barrels of oil per day. If 5 million barrels per day are produced then the profit margins are £16 per barrel. If 6 million barrels per day are produced then the profit margins are £12 per barrel and they are £8 per barrel if 7 million barrels per day are supplied.



I'm sure you won't need it, but here's a clue if you get stuck.

cynic just watching the colditz story the polish quisling their was hundreds of them
sell there own mothers for a free ticket

to what?

a free meal .

Hilary
The oil production problem is further complicated by the fact that the oil is a finite resource. Typically, many oil producers prefer lower production at a higher price to increase the lifespan of their resource. Many OPEC producers resist increased production due to a downward influence on prices. The last thing they want is selling even more oil at lower prices. It is similar to the way that diamond sales and production are controlled by a cartel to maintain the price.

Is the answer 42?

Or maybe the Kursaal Flyers - little does she know that I know that she knows ..

leaving aside that Colditz Story was a highly fictionalised version of a true story, perhaps MrT can enlighten us all about this (alleged) polish informer and what happened to him

Sometimes 42!

I think these were polished by the fashion informer.

Bit early for the Lambrini, eh Skinners?

Hils - as you mentioned it - I bought in Morrisons earlier, Lagunilla Rioja on offer £4.99 :-

Arthur Dent & Ford Prefect methinks skinny?

They saw you coming, Skinners. That stuff's only £3.00 a bottle in Lidl.... and the added anti-freeze is free!

Hils :-)

Harry - similar - deep thought ?

wine at £4.99 is about good enough for cooking and little else ...... i haven't done the maths, but the wine content must be barely 50p