Interview With Dr Mandelbrot... The End Of The Middle Class

Asheron

This is a great interview, Interview with Dr Mandelbrot proffessor of Mathematics, Says present economy more serious than the Great Depression...


http://www.youtube.com/watch?v=H3zZ6qNWeGw&eurl=http://www.silverbearcafe.com/private/02.09/taleb.html

Really2

Asheron wrote: »

This is a great interview, Interview with Dr Mandelbrot proffessor of Mathematics, Says present economy more serious than the Great Depression...


http://www.youtube.com/watch?v=H3zZ6qNWeGw&eurl=http://www.silverbearcafe.com/private/02.09/taleb.html

x+y(z1 X p2)/300000 = I would rarther trust some one who is an active contributor to an economy (people who run companies and countrys). Not a proffessor in maths.
You can do anything with statistics to support a theory IMHO.

Asheron

Did you watch the Video? Oviously not, LOL

mbga9pgf

Really2 wrote: »

x+y(z1 X p2)/300000 = I would rarther trust some one who is an active contributor to an economy (people who run companies and countrys). Not a proffessor in maths.
You can do anything with statistics to support a theory IMHO.

A mathematician is exactly what you need when you realise the model they have been using to price risk and variance is incompletely wrong. Taleb calls it the great intellectual fraud. Its also known as the bell curve.

Have a look at current pricing of RMBS AAA rated assets today if you want to see what I am talking about. According to bell curves, the current pricing was about as likely as being hit by an asteroid. Obviously the model is wrong.

robin_banks

The OP is a conspiracy theorist tbh, read other posts, sources all a bit bonkers tbh.

Asheron

Who is a conspiracy theorist? those people wear tin foil hats! I hate there alternative views!

Decadent_Fool

I haven't watched this video, but I know the Mandelbrot set is pretty weird.


http://www.youtube.com/watch?v=G_GBwuYuOOs&feature=related

piggeh

Everyone is taking guesses tbh, none any more reliable than the next.

brummybloke

labour got rid of the middle class and traditional working class due to their stupid policies of rewarding the lazy.

the working class are now people what used to be the middle class, your teachers, nurses, police. most shop work is part time staffed by working mothers or young people under 20 on minimum wages, most restuarants are staffed by students.

people now dont work, they get more being on benefits having banged out a couple 'investments' or children as normal people call them.

these would have been the working class, where the mother may have had to get a couple cleaning jobs to help the fathers manual labour job.

the problem is that previously 'working' class, were in general, decent people working as hard as they could with limited skills or education, trying to get by.
in general they had strong values and a working ethic, normally working harder than the middle class, in hours and physical demands. strong community spirit, and decent morals, the qualities these people had has been eroded from todays 'bottom rungs'.

excuses galore from the majority, there are genuine people out of work, of course there are, but i doubt more than 30% of claimants are truely genuine.
a large portion of claimants typical day is as follows...
home is council house/ flat in disrepair due to lack of any kind of respect for others property, wake up at ooh, mid day, light a ciggy, watch jeremy kyle ( the later version apparently on itv2 in the afternoon) , text like minded people on latest mobile telephone , play video games on latest console, have a domestic with current wife / partner, drink some cheap alcohol.. bang out a couple more 'investments' to make sure they get a top up in 'pay'. go down town, either to benefits office to shout loudly and complain they want more for less or hang around mcdonalds / blockbusters annoying anyone vagualy normal. get into the only pub left in town they are not banned from, drink a few pints, start a fight, cause further problems on their way 'home'. smash property up on arrival.

of course these people are 'entitled' to everything for nothing, it is 'their right'.

maybe once labour who are a shower of rubbish, are out, someone brave enough to stop this nonsense and either raise inflation AND wages, thus reducing the value of benefits, or merely slash benefits and make certain things voucher only. things like cigarettes and alcohol should not be able to be got with benefit money, lottery tickets also.

no doubt if i checked it would be people who dont pay into the UK tax system who use the facilities more than people who do pay into them.

maybe looking after the workers and the old instead of spending millions upon millions to scroungers, criminals and financial migrants who pretend they are asylum seekers, ruining it for genuine people in need then we can build the country back up from the socialist mess created by phoney b.liar and his cronies.

and the mugs that pay for this?

dervish

Asheron wrote: »

This is a great interview, Interview with Dr Mandelbrot proffessor of Mathematics, Says present economy more serious than the Great Depression...


http://www.youtube.com/watch?v=H3zZ6qNWeGw&eurl=http://www.silverbearcafe.com/private/02.09/taleb.html

I don't think anyone should ever take any lectures from Peter Mandleson when you consider his dodgy dealings and desperate pleas to be seen as belonging to the aristocracy.

Kev09

brummybloke wrote: »

labour got rid of the middle class and traditional working class due to their stupid policies of rewarding the lazy.

the working class are now people what used to be the middle class, your teachers, nurses, police. most shop work is part time staffed by working mothers or young people under 20 on minimum wages, most restuarants are staffed by students.

people now dont work, they get more being on benefits having banged out a couple 'investments' or children as normal people call them.

these would have been the working class, where the mother may have had to get a couple cleaning jobs to help the fathers manual labour job.

the problem is that previously 'working' class, were in general, decent people working as hard as they could with limited skills or education, trying to get by.
in general they had strong values and a working ethic, normally working harder than the middle class, in hours and physical demands. strong community spirit, and decent morals, the qualities these people had has been eroded from todays 'bottom rungs'.

excuses galore from the majority, there are genuine people out of work, of course there are, but i doubt more than 30% of claimants are truely genuine.
a large portion of claimants typical day is as follows...
home is council house/ flat in disrepair due to lack of any kind of respect for others property, wake up at ooh, mid day, light a ciggy, watch jeremy kyle ( the later version apparently on itv2 in the afternoon) , text like minded people on latest mobile telephone , play video games on latest console, have a domestic with current wife / partner, drink some cheap alcohol.. bang out a couple more 'investments' to make sure they get a top up in 'pay'. go down town, either to benefits office to shout loudly and complain they want more for less or hang around mcdonalds / blockbusters annoying anyone vagualy normal. get into the only pub left in town they are not banned from, drink a few pints, start a fight, cause further problems on their way 'home'. smash property up on arrival.

of course these people are 'entitled' to everything for nothing, it is 'their right'.

maybe once labour who are a shower of rubbish, are out, someone brave enough to stop this nonsense and either raise inflation AND wages, thus reducing the value of benefits, or merely slash benefits and make certain things voucher only. things like cigarettes and alcohol should not be able to be got with benefit money, lottery tickets also.

no doubt if i checked it would be people who dont pay into the UK tax system who use the facilities more than people who do pay into them.

maybe looking after the workers and the old instead of spending millions upon millions to scroungers, criminals and financial migrants who pretend they are asylum seekers, ruining it for genuine people in need then we can build the country back up from the socialist mess created by phoney b.liar and his cronies.

and the mugs that pay for this?

I wish you could tell us what is really bothering you! you do not happen to have a shaved head and a liking for 1930-40's European political memorabilia do you?