Vox Nihili

Because it can take me 20 minutes to order food in a restaurant, and up to 6 months to find a dress for the ball, I thought I should get started.

And I still haven’t found what I’m looking for.

Adding on. This is all crappish btw. All in the name of fun.

More thoughts on consistency:

One of the things I do in my line of work is reviewing actuarial assumptions set by the pension scheme’s employer, such that they are reasonable for estimating the scheme’s liabilities. For example, say we think the discount rate should be 5% based on market conditions, but the employer uses a discount rate of 7% instead. Theoretically it’s not quite right, and we’d classify this assumption as “weak”, or “aggressive” because discounting on a higher figure might result in the liabilities being underestimated. Blah blah blah whatever it is, it’s not good. BUT, say the same methodology was adopted last year i.e. 2% above market conditions, and that was approved. Hence if it was given the “OK” last year, and if this year’s method of setting the assumption is consistent with last year, this implies that it should also be “OK” this year. No problems then. Such is the power of consistency.

Aiyo, don’t la like that.

I got lazy with the Sultan.

And at the end of the day, the King still reign.

0.26? As DeLong says, “Be afraid, be somewhat afraid.”

In regards to Badawi stating that assets declaration will be made public a day after revealing his trimmed down cabinet, which was also told to stay away from corruption. The cabinet may not look awesome and those promises sound eerily familiar, but I patiently awaits to see what happens.

As for the chubby brown dude, I didn’t quite know what to use to represent ‘everyone else’. I was looking for something that opposes a political dinosaur, therefore something spunky? Since the opposition are often brand as monkeys, I thought a character from Gorillaz (spunky band with primate name) should suffice.

Yes there is. Hence the Fed responded to the emergency call by slashing rates down 75 bps. The cut though, is not as deep as expected which might imply the situation is not as bad as it seems. Or is that what they want us to think? This is like throwing buckets of water into a building on fire. It’s not enough and may in fact, prolong the burning process. Since there will be casualties anyway, better to let the fire burn?