Thursday 28 July 2011

Jugs Galore - Caption Competition



Lohan: I bowled my socks off, you know.

Comely Barmaid: That explains it. I thought the drains were blocked.




Or...

Lohan: I've got five kids you know.

Comely Barmaid: Jug!



A pint of gassy yellow stuff for the most humorous contribution, as judged by me. Smut welcome but no filth please.

10 comments:

  1. What's a man supposed to do around here to get some head on his jugs?

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  2. Suspicious mirrored sunglasses wearing Lohan "GADZOOKS, JUGS"!!

    Comely barmaid "That'll be £22.40 Jerry"

    Lohan "FACK"!!

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  3. Lohan bowled over by a couple of bouncers at Arbo.

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  4. Barmaid: The aggregation problem refers to the difficulty of treating an empirical or theoretical aggregate as if it reacted like a less-aggregated measure...

    Cricketer: You mean like, say, the behavior of an individual agent as described in general microeconomic theory?...what do YOU think Shifty?

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  5. Indeed, what do you think Shifty?

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  6. An interesting point, very analogous to the behaviour of quantum-level particles at temperatures approaching absolute zero - the weirdness rises to such a degree that what would normally be aggregated can behave as though entirely disaggregated.

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  7. A point well made, Shify, but I think you missed the interest rate policy in the Volcker-Greenspan period appears to have been much more sensitive to changes in expected inflation than in the pre-Volcker period. It could be said that some of the implications of the estimated rules for the equilibrium properties of inflation and output, using a simple macroeconomic model, show that the Volcker-Greenspan rule is stabilizing. And I reckon you should have known that. Slightly shame on you Shifty. Slightly.

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  8. And that's not all....SSB0aGluayBpdCdzIGFsc28gZmFpciB0byBzYXksIFNoaWZ0eSwgdGhhdCB5b3VyIG11bSdzIGEgRG9jaGVydHkuIEhvbHkgQ3Jvc3MgaXMgdG9vIHNtYWxsIHRvIGNvbnRhaW4geW91LiBSb2NrIG9uLg==

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  9. If you're suggesting that the move to an expectations-adjusted Phillips Curve in policy setting, as argued by Greenspan and later Bernanke, was responsible for the stabilization of observed inflation during the period known as the Great Moderation, one could counter that there is considerable confusion as to cause and effect, and using a Minsky framework the moderation of both expected and recorded inflation was itself responsible for the financial crisis and the subsequent non-linear shift in the observed Phillips Curve. A simple point but easily forgotten - you should have known better.

    And that's not all - ???????????????????

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