So How's the Job Market Doing?

Loughton_Monkey

TruckerT wrote: »

A third of a pound is 33.3....p, so if something which costs a pound now, and is a third cheaper than a week ago, then arguably the previous price could be said to be £1.333...p

Conversely, if the current price of £1 goes back up to £1.50, then will this be one third dearer, or 50% dearer?

TruckerT

If you choose to go to the Clapton School of Mathematics I cannot answer for that. The only good thing I've heard about that school is that they teach you that 2 and 2 is not always 22.

There is no "arguably" about it. One third cheaper than £1.33 is something like 89 pence. And 50% dearer than £1 is definitely £1.50. Isn't it well known that if your Share Portfolio were to fall by 33%, then it needs to rise by 50% to get you back to where you started? Or indeed it could rise by 50% and then fall by 33% to bring you back to your starting point.

Come back next week, and I'll teach you why half a loaf is better than none, and how many beans make five.

TruckerT

Loughton_Monkey wrote: »

If you choose to go to the Clapton School of Mathematics I cannot answer for that. The only good thing I've heard about that school is that they teach you that 2 and 2 is not always 22.

There is no "arguably" about it. One third cheaper than £1.33 is something like 89 pence. And 50% dearer than £1 is definitely £1.50. Isn't it well known that if your Share Portfolio were to fall by 33%, then it needs to rise by 50% to get you back to where you started? Or indeed it could rise by 50% and then fall by 33% to bring you back to your starting point.

Come back next week, and I'll teach you why half a loaf is better than none, and how many beans make five.

I think there is a difference between '50% dearer' and a '50% rise'.

I know it's a cliche, but 'dearer' is a relative term, whereas 'rise' is absolute.

Economists are like sheep - very woolly.

TruckerT

Loughton_Monkey

TruckerT wrote: »

I think there is a difference between '50% dearer' and a '50% rise'.

I know it's a cliche, but 'dearer' is a relative term, whereas 'rise' is absolute.

Economists are like sheep - very woolly.

TruckerT

I normally wear a 'mathematics' hat which tells me that 3 and 3 equals 6. An economist would say "what do you want the answer to be?"

Every day I have a few large gin & tonics, thus proving the economic law of marginal utility.

TruckerT

Loughton_Monkey wrote: »

I normally wear a 'mathematics' hat which tells me that 3 and 3 equals 6. An economist would say "what do you want the answer to be?"

Every day I have a few large gin & tonics, thus proving the economic law of marginal utility.

I am sometimes tempted to a glass or two of cider - I think 'ShoeString' would be a very good brand name. I can't afford a hat.

TruckerT

Loughton_Monkey

TruckerT wrote: »

I am sometimes tempted to a glass or two of cider - I think 'ShoeString' would be a very good brand name.

Plant an apple tree and make your own.

TruckerT wrote: »

I can't afford a hat.

Then who's hat do you usually talk through?

TruckerT

Loughton_Monkey wrote: »

Then who's hat do you usually talk through?

It's one I found in the 1980s which becomes increasingly threadbare.

TruckerT