Showing posts with label statement. Show all posts
Showing posts with label statement. Show all posts

Sunday, September 22, 2013

BEFORE I GO TO WORK TOMORROW SOME BUSSINES JOKES



YOU KNOW YOU WORK IN CORPORATE AMERICA IF ...


You sat at the same desk for 4 years and worked for three different companies

Your company welcome sign is attached with Velcro

Your resume is on a diskette in your pocket

Your company logo on your badge is applied with stick-um

You order your business cards in " half orders " instead of whole boxes

When someone asks about what you do for a living, you lie

You get really excited about a 2 % pay raise

You learn about your layoff on CNN

Your biggest loss from a system crash is that you lose your best jokes

You sit in a cubicle smaller than your bedroom closet

Salaries of the members on the Executive Board are higher than all the Third World countries' annual budgets combined

You think lunch is just a meeting to which you drive

It's dark when you drive to and from work

Fun is when issues are assigned to someone else

Communication is something your group is having problems with

You see a good looking person and know it is a visitor

Free food left over from meetings is your main staple

Weekends are those days your significant other makes you stay home

Being sick is defined as can't walk or you're in the hospital

Art involves a white board

You're already late on the assignment you just got

You work 2 0 0 hours for the $ 1 0 0 bonus check and jubilantly say " Oh wow, thanks!

Dilbert cartoons hang outside every cube and are read only by your co-workers

Your boss' favorite lines are, " When you get a few minutes " or " When you're freed up "

Your boss' second favorite lines are, "... this isn't exactly what we need. It may be what we asked for, but things have changed.

Vacation is something you rollover to next year, or you try to use up three weeks between Christmas and New Years because otherwise you will lose it, or you get a check for it every January

Your relatives and family describe your job as " works with computers "

Change is the norm

The only reason you recognize your kids and friends is because their pictures are hanging in your cube

You only have makeup for fluorescent lighting

You read this entire list and understood it.


The Vacuum Cleaner CEO


The CEO of a Vacuum Cleaner company was impatient with the poor job his salespeople were doing, so one day he decided to do the job himself.

He pulled up to an old house in his Mercedes Benz and knocked on the door. A little old barefoot man wearing overalls answered the knock on the door, only to be confronted by the very well dressed and dignified CEO in a $ 2, 0 0 navy blue pin-striped business suit, a Hermes silk tie, a starched white shirt with monogrammed cufflinks, $ 7 0 0 shoes polished like black mirrors, and carrying a vacuum cleaner.

" Good morning, said the well-dressed and impeccably groomed CEO. " If I could take a couple minutes of your time, I would like to demonstrate the very latest in high-powered vacuum cleaners.

" Get lost, Mister fancy suit! said the old man. " I haven't got any money " and he proceeded to close the door.

Quick as a flash, the CEO wedged his polished shoe in the door and pushed it wide open.

" Don't be too hasty! he said. " Not until you have at least seen my demonstration.

The old man again told him to get lost. And with that, the CEO emptied a bucket of mud all over his hallway carpet.

" If this vacuum cleaner does not remove all traces of this mess from your carpet, sir, I will personally eat the remainder. I am the CEO! You have my GUARANTEE!

" I got a better idea " said the old man, " If you don't clean it all up, I'll swap those fancy clothes of yours fer my overalls. Your nice suit, your tie, your shoes, everything!

" Fine, sir! said the CEO confidently. " I'll give you my clothes!

" Lemme ask you somethin', pal... Where are you goin' when you leave here?

The CEO answered very confidently : " To a VERY important conference! WHY?

" Will they let you in if yer barefoot? said the old man.

" Of course not! said the CEO.

" How much did you pay for those socks you'v got on? asked the old man.

" Fifty dollars " said the bewildered CEO.

" I ain't never worn fifty dollar socks before! said the old man. " It will be kinda hard for you to wear overalls to work, I guess! said the old man.

" WHAT?! said the confused CEO.

" And will you show how me to tie a necktie? said the old man...

One hour later, the door of the apartment opened, and the CEO carefully looked out. Seeing that no one was around, his foot appeared.

A bare foot.

He stepped out into the hallway - dressed only in overalls and bare feet. His expensive executive suit and tie had vanished, along with his confidence and dignity.

The old man watched him run away to his car with a grin, admiring the expensive pinstriped suit and silk tie he had just acquired. He then sat down and pulled on the CEO's fifty dollar socks and gleaming shoes.

" Now I gotta see about payin' that electric bill...


The Ferengi Rules of Acquisition
# 1 Once you have their money... never give it back.
# 3 Never pay more for an acquisition than you have to.
# 6 Never allow family to stand in the way of opportunity.
# 7 Keep your ears open.
# 8 Small print leads to large risk.
# 9
Opportunity plus instinct equals profit.
# 1 0 Greed is eternal.
# 1 3 Anything worth doing is worth doing for money.
# 1
6 A deal is a deal... until a better one comes along.
# 1
8 A Ferengi without profit is no Ferengi at all.
# 1 9 Satisfaction is not guaranteed.
# 2 1 Never place friendship above profit.
# 2
2 A wise man can hear profit in the wind.
# 2 7 There's nothing more dangerous than an honest business man.
# 3 1 Never make fun of a Ferengi's mother... insult something he cares about instead.
# 3 3 It never hurts to suck up to the boss.
# 3 4 Peace is good for business.
# 3 5 War is good for business.
# 4 0 She can touch your lobes but never your latinum.
# 4 1 Profit is it's own reward.
# 4 4 Never confuse luck with wisdom.
# 4 7 Don't trust a man wearing a better suit than your own.
# 4 8 The bigger the smile, the sharper the knife.
# 5 2 Never ask when you can take.
# 5 7 Good customers are as rare as latinum - treasure them.
# 5 8 There is no substitute for success.
# 5 9 Free advice is seldom cheap.
# 6 0 Keep your lies consistent.
# 6 2 The riskier the road, the greater the profit.
# 6 5 Win or lose, there's always Huyperian beetle snuff.
# 7 5 Home is where the heart is... but the stars are made of latinum.
# 7 6 Every once in a while, declare peace. It confuses the hell out of your enemies.
# 7 9 Beware of the Vulcan greed for knowledge.
# 8 2 The flimsier the product, the higher the price.
# 8 5 Never let the competition know what your thinking.
# 8 9 Ask not what your profits can do for you, but what...


Texas Salesman

 

A keen Texas lad applied for a salesman's job at a city department store. The store was the biggest in the world and sold everything under the sun.

" Have you ever been a salesman before? the boss asked during his interview.

" Yes, I was a salesman in
Texas, the lad answered.

The boss took an immediate liking to him and told him he could start the next day. " I'll come and see how you made out after we close up, the boss said.

The day was long and hard for the young man, but finally it was
5 o'clock. The boss closed up the store and found the lad sitting, slumped and exhausted, in a chair. " How many sales did you make today? the boss asked.

" One, said the lad.

" One? said the boss, obviously displeased. " Most of the sales people on my staff make 2 0 or 3 0 sales a day. How much was the sale worth?

" Exactly $ 1 0 1, 3 4. 3, said the young man.

" How did you manage that? asked the boss, flabbergasted.

" Well, said the lad, " this man came in and I sold him a small fish hook, then a medium fish hook, and finally a really large hook. Then I sold him a small fishing line, a medium one, and huge one. I asked him where he was going fishing, and he said he was going down the coast. I said he'd probably need a boat, so I took him down to the boat department and sold him that fancy 2 2 - foot Chris Craft with twin engines. Then he said his Honda Civic probably wouldn't be able to handle the load, so I took him to the vehicle department and sold him a new GMC 1 - ton pickup truck.

" You sold all that to guy who came in for a fish hook? the boss asked in astonishment.

" He didn't come in to buy a fish hook, the
Texas boy explained. " He came in to buy a box of tampons for his wife, and I said to him, ' Your weekend's shot. You might as well go fishing. "

How to sell everything


One summer, on a Friday afternoon, a young man was being trained by his supervisor on his first day as a salesperson at a large department store. His supervisor was trying to show him the amount of things he could sell to customers by making them feel they needed the items. " Watch this, he said and approached a man who has just entered the store. " May I help you, sir?

The man replied, " I just moved into my first house and I need some fertiliser for my lawn.

So the supervisor said, " Well, we have five- and ten-pound bags of fertiliser. I recommend you go with the ten pound bag.

" Why is that?

" The ten-pound bag will get you through most of the summer, but the five-pound bag won't, the supervisor answered.

" Fine, the man agreed, " I'll take the ten-pounder. " Very good sir. And would you like the stiff rake or the spring-rake with that?

" Rake? What do I need that for?

" Well sir, said the supervisor authoritatively, " if you don't rake up the old dead grass before you spread the fertiliser, it won't all reach the soil.

" All right then. I'll get the stiff rake.

" Very good sir. And would you like the fixed sprinkler or the oscillating sprinkler with that?

The man started to get a bit steamed and asked harshly, " Sprinkler? Look, I just came in here for some fertiliser. What do I need a sprinkler for? Calmly, the supervisor responded, " Well sir, if you water your lawn immediately after fertilising, the fertiliser will sink into the soil more quickly and in no time at all, you'll have the greenest lawn in your neighbourhood.

This sounded pretty good to the man so he picked up the fixed sprinkler. " OK, then. I'll take all this.

" Very good sir. And would you like the electric or gas mower with that, asked the supervisor.

Now the customer had about had it and he all but blew up at the supervisor. " LAWNMOWER? Look, all I wanted when I came here was a bag of fertiliser. You've already managed to sell me a rake and a sprinkler besides. Give me one good reason why I should get a lawnmower, too!

Calm as ever, the supervisor said, " Well sir, if you get a lawnmower now, then you'll be all ready to start trimming your beautiful green grass the minute it starts getting too long. Your lawn will look like a golf course and you'll be the envy of all your neighbours! Besides, they are on sale this week only, and you're going to need it either way.

Well, the man figured that sounded OK and he really wanted to get out of there before he bought anything else so at last he relented. " Fine. I'll get the electric mower, but that's it!

" Very good sir. I'll ring that up for you.

After the man had left the store with all his new purchases, the supervisor turned to the trainee and said, " So, do you think you could do that? The trainee said that he thought he could and the supervisor directed him towards another customer.

The trainee approached the puzzled-looking man and asked, " May I help you sir?

The man replied, " Yes. I need some tampons for my wife. Well, the trainee is totally thrown off by this request. He can't imagine what he could offer the man to go along with that. However, he wanted to impress his boss so he thought hard. Suddenly, he had it! " Very good sir. And would you like the electric or gas mower with that?

" Mower? What the hell is wrong with you? I came in here looking for tampons. Why the hell should I get a lawnmower, too?

" Well sir, the trainee answered, " I figure your weekend is shot, so you might as well cut the grass.


Getting Out of Work


I won't be coming to work today because :
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

1. If it's all the same to you, I won't be coming in to work. The voices told me to clean all the guns today.
2. On Saturday, I set half the clocks in my house ahead an hour and the other half back an hour, I can never remember which it is-accordingly, I will be in late or early.
3. I can't come in to work today because I'll be stalking my previous boss, who fired me for not showing up for work. Okay?
4. I'm stuck in the blood pressure machine at Walgreen's.
5. Yes, I seem to have contracted some attention-deficit disorder and, hey, how about them Falcons, huh? So I won't be able to, yes, could I help you? No, no, I'll be sticking with Sprint, but thank you for calling.
6. I just found out that I was switched at birth. Legally, I shouldn't come to work, knowing my employee records may now contain false information.
7. The psychiatrist said it was an excellent session. He even gave me this jaw restraint so I won't bite things when I am startled.
8. I am converting my calendar from Julian to Gregorian

Go to Work Naked?


1. Your boss is always yelling, " I wanna see your ass in here by 8 : 0 0!

2. Can take advantage of computer monitor radiation to work on your tan.

3. Inventive way to finally meet that hottie in Human Resources.

4. " I'd love to chip in, but I left my wallet in my pants.

5. To stop those creepy guys in Marketing from looking down your blouse.

6. You want to see if it's like the dream.

7. So that with a little help from Muzak you can add " Exotic Dancer " to your exaggerated resume.

8. People stop stealing your pens after they've seen where you keep them.

9. Diverts attention from the fact that you also came to work stoned.

1 0. Gives " bad hair day " a whole new meaning.

1 1. No one steals your chair anymore


Government Workers


Four men were bragging about how smart their dogs are. The first man was an engineer, the second man was an Accountant, the third man was a Chemist and the fourth was a Government Worker.
To show off, the Engineer called to his dog, " T-square, do your stuff!. T-square trotted over to a desk, took out some paper and a pen, and promptly drew a circle, a square, and a triangle.

Everyone agreed that was pretty smart. But the Accountant said his dog could do better. He called his dog and said, " Slide Rule, do your stuff!. Slide Rule went out into the kitchen and returned with a dozen cookies. He divided them into 4 equal piles of 3 cookies each.

Everyone agreed that was good. But the Chemist said his dog could do better. He called his dog and said, " Measure, do your stuff!. Measure got up, walked over to the fridge, took out a quart of milk, got a 1
0 ounce glass from the cupboard and poured exactly 8 ounces without spilling a drop.

Everyone agreed that was good. The three men turned to the Government Worker and said, " What can your dog do?. The Government Worker called to his dog and said, " Coffee Break, do your stuff!. Coffee Break jumped to his feet, ate the cookies, drank the milk, dumped on the paper, sexually assaulted the other three dogs, claimed he injured his back while doing so, filed a grievance report for unsafe working conditions, put in for Worker's Compensation and went home on sick leave.


I Love My Job


I love my Job
I love my Job, I love the Pay!
I love it more and more each day.
I love my Boss; he's the best!
I love his boss and all the rest.
I love my Office and its location -
I hate to have to go on vacation.
I love my furniture, drab and gray,
and the paper that piles up every day!
I love my chair in my padded Cell!
There's nothing else I love so well.
I love to work among my Peers -
I love their leers and jeers and sneers.
I love my Computer and all its Software;
I hug it often though it doesn't care...
I love each Program and every File,
I try to understand once in a while!!
I'm happy to be here, I am I am;
I'm the happiest Slave of my uncle Sam.
I love this Work : I love these Chores.
I love the Meetings with deadly Bores.
I love my Job - I'll say it again -
I even love these friendly Men -
These men who've come to visit today
in lovely white coats to take me away


Thursday, July 25, 2013

FUNNY WORLD



Top Ten... Sleeping at Desk

 

10) ''They told me at the blood bank this might happen.''

9) ''This is just a 15 minute power-nap like they raved about in that time management course you sent me to.''

8) ''Whew! Guess I left the top off the Wite-Out. You probably got here just in time!''

7) ''I wasn't sleeping! I was meditating on the mission statement and envisioning a new paradigm.''

6) ''I was testing my keyboard for drool resistance.''

5) ''I was doing a highly specific Yoga exercise to relieve work-related stess. Do you discriminate toward people who practice Yoga?''

4) ''Dang! Why did you interrupt me? I had almost figured out a solution to our biggest problem.''

3) ''The coffee machine is broken...''

2) ''Someone must have put decaf in the wrong pot...''

1) ''.....in Jesus' name, Amen.''

Uncle Ted's Morals


Billy's homework assignment is to think of a true story with a moral so he goes home and thinks about it all night and finally has one. The following day, Suzy raises her hand and says, "My dad owns a farm and every Sunday we load the chicken eggs on the truck and drive into town to sell them at the market. Well, one Sunday we hit a big bump and all the eggs flew out of the basket and onto the road."
The teacher asks for the moral to the story. Suzy replies, "Don't put all your eggs in one basket."
Next is Lucy. "Well, my dad owns a farm, too, and every weekend we take the chicken eggs and put them in the incubator. Last weekend only 8 of the 12 eggs hatched. The moral is, don't count your chicks before they are hatched.''
Billy is last to speak. He says, ''My uncle Ted fought in the Vietnam War. His plane was shot down over enemy territory. He jumped out before it crashed, with only a parachute, a bottle of bourbon, a machine gun, and a machete. As he floated down he drank the bottle of bourbon. Unfortunately, he landed right in the middle of 100 North Vietnamese soldiers. He shot 70 with his machine gun, but ran out of bullets so he pulled out his machete and killed 20 more. The blade broke on his machete, so he killed the last 10 with his bare hands.''
The teacher looks in shock at Billy and asks if there is possibly any moral to his story.
Billy replies, "Don't fuck with Uncle Ted when he's been drinking.''

Watch and Learn


A rather confident young man walks into a bar and takes a seat next to a very attractive young woman. He gives her a quick glance, then casually looks at his watch for a moment.
The woman notices this and asks, "Is your date running late?"
"No," he replies, "I just bought this state-of-the-art watch and I was testing it."
Intrigued, the woman says, "A state-of-the-art watch? What's so special about it?"
"It uses alpha waves to telepathically talk to me," he explains.
"What's it telling you now?"
"Well, it says that you're not wearing any panties..."
The woman giggles & replies, "Well it must be broken then, because I am wearing panties!"
The man exclaims, "Damn - this thing must be an hour fast!"

A Real Watch Dog


A blind man walked into a bank with his seeing-eye dog that guided him everywhere. He walked into the center of the bank floor, took the dog by the chain, and started swinging him around his head.
Everyone stopped what they were doing and stared. The other customers were taken aback and some were very upset at the way the animal was being treated. One of the tellers ran up to the blind man and asked, "Sir, what are you doing!?!"
The man turned toward the teller and said, "Oh, nothing - just looking around."

American in Mexico

There was this American tourist in Mexico, and he was getting tired of walking around, so he went up to a donkey rental place and said, ''Can I rent a donkey?'

The guy said, "We don't call them donkeys here, we call them asses. This is the only ass I have left, and you have to scratch him when you want to make him stop."

The guy rides his ass for a while, sees a hotdog stand, and asks for a hotdog. The vendor replies, "We don't call them hotdogs here we call the wieners."

Meanwhile his donkey is wandering away, so he goes up to another tourist and says "Will you hold my wiener whille I scratch my …?"

Monday, June 24, 2013



Battles on the sea


The following is supposedly a true story relating to a United States shipping company.

THE
U.S. shipping company had a new ship built. It was to be the pride of the fleet, and something special was wanted to decorate the captain's saloon, a large living room/office where the vessel's business and entertaining would take place.

Someone suggested that a set of nautical prints would lend a nice touch. He knew of a shop in
London that specialized in such things, and the prints were ordered and hung in the saloon.

It was not until the trial run of the vessel, when both the builder's and the owner's representatives were aboard, that someone looked closely at the prints. Each was of an American ship being captured by, or surrendering to, a British warship during the War of 1812.

China blames America


Time sensitive note: This joke pertains to the crash of a Chinese plane into a United States plane over International waters. China demanded an apology from us and stole technology from our plane when it was forced to make an emergency landing in Chinese lands.

China blames U.S. for second mid-air collision!

Beijing (Reuters) - Chinese officials have stated they are holding the United States,” Fully responsible" for today’s mid air collision, involving several Chinese aircraft and one American aircraft. This comes just weeks after a similar incident involving a
U.S. spy plane.

Officials have stated that at approximately
8:46am, GMT, a squadron of F-8 fighters collided with the American Goodyear Blimp. The crash left over a dozen Chinese fighters downed and the blimps electronic billboard damaged.

A Chinese pilot who witnessed the collision involving his squadron, nicknamed "Panda Rash", told China's news agency that he saw the American blimp dive out of the clouds and onto wingman Thee Sum Yun Dork's f-8 jet.

"I told Thee Dork his tail was all broken. Keep it straight. Keep it straight." said the pilot "He could not shake the American foreign-devil" The blimp reportedly then veered left then right, taking out the rest of the squadron.

Pilot Chawp Sueey told Xinhua the American blimp " Fully responsible for the incident" repeating the language
Beijing had used in the earlier incident.

China blames this new accident on the Goodyear blimp, saying it rammed the supersonic fighters, and has demanded an apology.

Officials from the Goodyear Company have said it is unlikely that the slow propeller driven blimp could turn inside and ram a dozen nimble fighters unless the Chinese were testing chimp pilots.

"The direct cause of the collision was that the American blimp made a sudden big move toward the Chinese planes, making it impossible for the Chinese planes to get out of the way. The savage act of American blimps colliding with Chinese planes while conducting spying missions at sporting events makes us indignant" Chawp Sueey was quoted as saying.

Chinese officials are calling for an apology from the
United States and enough Goodyear tires to replace the Firestone's that experienced spontaneous combustion last year.


Military work rules


1. Sickness: No excuses will be acceptable. We will no longer accept the Medical Officer's statement as proof of illness as we believe that if you are able to go on sick parade, you are able to come to work.

2. Leave of Absence for an Operation: We are no longer allowing this practice. We hired you as you are, and to have anything removed certainly makes you less than we bargained for.

3. Death, Other than Your Own: This is no excuse. If you can arrange the funeral services to be held late in the afternoon, however, we can let you off an hour early, provided all your work is up to date.

4. Death, Your Own: This will be accepted as an excuse, but we would like at least two weeks notice, as we feel it is your duty to teach someone else your job.

5. Quantity of Work: No matter how much you do, you'll never do enough.

6. Quality of Work: The minimum acceptable level is perfection.

7. Advice from the Commanding Officer: Eat a live toad first thing in the morning and nothing worse will happen to you the rest of the day.

8. The senior officer is Always Right.

9. When the senior officer is Wrong, Refer to Rule 8.


Valid identification


DURING a readiness exercise, my friend Jim and I, Air Force security policemen, were guarding entry to a bunker-like structure where aircrafts were kept.

When a pilot about to do a preflight check approached without his identification in plain view, Jim asked him for it.

"I don't see why I have to show you my ID," the pilot snapped. "After all, it is my plane."

"Sir, with all due respect, it may be your plane," replied Jim, "but it's sitting in my garage!"


Chinese plane crash


Time sensitive note: This joke pertains to the crash of a Chinese plane into a United States plane over International waters. China demanded an apology from us and stole technology from our plane when it was forced to make an emergency landing in Chinese lands.

In a heroic dogfight, fought over international waters off the mainland China coast, a 60s era American-built Lockheed Electra propeller airliner with 24 US Navy passengers/observers aboard chewed up one of China's best state-of-the-art supersonic fighter aircraft.

The Americans utilizing the infrequently seen combat tactic of straight and level flight, often accomplished by relying solely on auto pilot, engaged the unfortunate single seat combat jet and knocked it out of the air using only one of its four formidable rotating air mass propeller weapons system.

After the action, the crew and passengers/observers dropped in on
China's Hainan Island Resort for some much-deserved R&R as guests of the Chinese government.


Murphy's Combat Laws


Murphy's Laws Of Combat Operations

Friendly fire - isn't.
Recoilless rifles - aren't.
Suppressive fires - won't.

You are not Superman; Marines and fighter pilots take note.

A sucking chest wound is Nature's way of telling you to slow down.

If it's stupid but it works, it isn't stupid.

Try to look unimportant; the enemy may be low on ammo and not want to waste a bullet on you.

If at first you don't succeed, call in an airstrike.

If you are forward of your position, your artillery will fall short.

Never share a foxhole with anyone braver than yourself.

Never go to bed with anyone crazier than yourself.

Never forget that your weapon was made by the lowest bidder.

If your attack is going really well, it's an ambush.

The enemy diversion you're ignoring is their main attack.

The enemy invariably attacks on two occasions: when they're ready. & when you're not.

No OPLAN ever survives initial contact.

There is no such thing as a perfect plan.

Five second fuzes always burn three seconds.

There is no such thing as an atheist in a foxhole.

A retreating enemy is probably just falling back and regrouping.

The important things are always simple; the simple are always hard.

The easy way is always mined.

Teamwork is essential; it gives the enemy other people to shoot at.

Don't look conspicuous; it draws fire. For this reason, it is not at all uncommon for aircraft carriers to be known as bomb magnets.

Never draw fire; it irritates everyone around you.

If you are short of everything but the enemy, you are in the combat zone.

When you have secured the area, make sure the enemy knows it too.

Incoming fire has the right of way.

No combat ready unit has ever passed inspection.

No inspection ready unit has ever passed combat.

If the enemy is within range, so are you.

The only thing more accurate than incoming enemy fire is incoming friendly fire.

Things which must be shipped together as a set, aren't.

Things that must work together, can't be carried to the field that way.

Radios will fail as soon as you need fire support.

Radar tends to fail at night and in bad weather, and especially during both.

Anything you do can get you killed, including nothing.

Make it too tough for the enemy to get in, and you won't be able to get out.

Tracers work both ways.

If you take more than your fair share of objectives, you will get more than your fair share of objectives to take.

When both sides are convinced they're about to lose, they're both right.

Professional soldiers are predictable; the world is full of dangerous amateurs.

Military Intelligence is a contradiction.

Fortify your front; you'll get your rear shot up.

Weather ain't neutral.

If you can't remember, the Claymore is pointed towards you.

Air defense motto: shoot 'em down; sort 'em out on the ground.

'Flies high, it dies; low and slow, it'll go.

The Cavalry doesn't always come to the rescue.

Napalm is an area support weapon.

Mines are equal opportunity weapons.

B-52s are the ultimate close support weapon.

Sniper's motto: reach out and touch someone.

The one item you need is always in short supply.

Interchangeable parts aren't.

It's not the one with your name on it; it's the one addressed "to whom it may concern" you've got to think about.

When in doubt, empty your magazine.

The side with the simplest uniforms wins.

Combat will occur on the ground between two adjoining maps.

If you can keep your head while those around you are losing theirs, you may have misjudged the situation.

If two things are required to make something work, they will never be shipped together.

Anything you do can get you shot, including nothing.

Whenever you lose contact with the enemy, look behind you.

The most dangerous thing in the combat zone is an officer with a map.

The quartermaster has only two sizes, too large and too small.

If you really need an officer in a hurry, take a nap.

There is nothing more satisfying than having someone take a shot at you, and miss.

If your sergeant can see you, so can the enemy.

You'll only remember your hand grenades when the sound is too close to use them.

Close only counts in horseshoes and hand grenades.

Well .. It could be worse: It could be raining .. and we could be out in it.

So he said, "Cheer up: it could be worse!" So we cheered up. And it got worse.

The side with the simplest uniform wins...

The spare batteries for the PRC-whatever your troops have been carrying are either nearly dead or for the wrong radio.

The ping you heard was the antenna snapping off at
6 inches above the flexmount, while a fire mission was being called in on a battalion of hostiles who know your position.

Why is it the CO sticks his head in your radio hooch to see if anything has come down from DIV when you are listening to the VOA broadcasting the baseball games?

How come you are on one frequency when everyone else is on another?

Why does your 500-watt VRC-26 (real old) not make it across
200 miles while a ham with 50 watts on the same MARS frequency can be heard from Stateside?

Know why short RTOs have long whips on their radios? So someone can find them when they step in deep water.

The enemy "Alway's" times his attack, to the second you drop your pant's in the Latrine!!

The ammo you new "NOW"!! is on the "Next" airdrop!!

Murphy's Law
The Army Weather Corollaries

Inclement weather always begins AFTER you've already done PT.

A sudden downpour always occurs at the end of a summer field exercise--just in time coat all your equipment and camouflage with mud.

The best beach weather always occurs when you are in the field wearing MOPP 4.

There is no such thing as a blue sky during a company picnic.

There is no such thing as a cloudy sky when your unit needs to infiltrate enemy territory.

Road conditions are always red when it's time to convoy home.

Motor pools are always 20 degrees warmer than the rest of the post during the summer and 50 degrees colder in the winter.

Army training areas exist in a constant state of weather flux controlled by a deity with a truly cruel sense of humor--How do you think we got them so cheap?

The
peak of Mt. Everest would flood if an Army unit was told to set up on it.

Hell really would freeze over if someone decided to conduct an exercise there.

The Port-a-Potty Postulate states that the likelihood of a hurricane, sandstorm, tsunami, or blizzard occurring immediately over your location is directly related to how bad you need to get to the portajohns at the other side of the campsite in the middle of the night.

The temperature always rises to 70 degrees AFTER you put on two layers of polypros, your bear suit, and all of your Gortex.

If you whine about the weather, someone else will always whine louder.

Rules of the Rucksack

1. No matter how carefully you pack, a rucksack is always too small.

2. No matter how small, a rucksack is always too heavy.

3. No matter how heavy, a rucksack will never contain what you want.

4. No matter what you need, it's always at the bottom.

Phillip's Law:

Four-wheel-drive just means getting stuck in more inaccessible places.

Weatherwax's Postulate:

The degree to which you overreact to information will be in inverse proportion to its accuracy.

Least Credible Sentences:

1. The check is in the mail.

2. The trucks will be on the drop zone.

3. Of course I'll respect you in the morning.

4. I'm from the government and I'm here to help you.

Brintnall's Second Law:

If you receive two contradictory orders, obey them both.

Pavlu's Rules for Economy in Decision Papers:

1. Refute the last established recommendation.

2. Add yours.

3. Pass the paper on.

Oliver's Law:

Experience is something you don't get until after you need it.

Lackland's Laws:

1. Never be first.

2. Never be last.

3. Never volunteer for anything.

Rune's Rule:

If you don't care where you are, you ain't lost.

Law of Supply (also known as the Law of Gifts):

You get the most of what you need the least.

Hane's Law:

There is no limit to how bad things can get.

Tuesday, April 2, 2013



We stay by funny economy today


Bill and Boris are taking a break from a long summit, Boris says to Bill, -Bill, you know, I have a big problem I don't know what to do about. I have a hundred bodyguards and one of them is a traitor. I don't know which one. -Not a big deal Boris, I'm stuck with a hundred economists I have to listen to all the time before any policy decision, and only one tells the truth but it's never the same one.

Two government economists were returning home from a field meeting. As with all government travelers, they were assigned the cheapest seats on the plane so they each were occupying the center seat on opposite sides of the aisle. They continued their discussion of the knotty problem that had been the subject of their meeting through takeoff and meal service until finally one of the passengers in an aisle seat offered to trade places so they could talk and he could sleep. After switching seats, one economist remarked to the other that it was the first time an economic discussion ever kept anyone awake. 

Robert J. BARRO in his 1989 paper in the Journal of Economic Perspectives:
"A colleague of mine argues that a 'normative' model should be defined as a model that fits the data badly."
 Found in a paper of Anatol RAPOPORT (Scientific American, July 1967) who tells the following joke which he found in 'The Complete Strategist' by J. D. Williams:
"Two policemen are considering the problem of catching the bandit. One of them starts to calculate the optimal mixed strategy for the chase. The other policeman protests.
'While we're doodling,' he points out, 'he is making his getaway.'
'Relax,' says the game-theorist policeman. 'He's got to figure it out too, don't he?'" 


During the waning days of communism in the Soviet Union, an inspector was encharged with visiting local poultry farmers and inquiring about the amount of feed they were giving their chickens. Central planning was still in effect and each farmer was allocated 15 Roubles to spend on chicken feed.
One farmer very honestly answered that he spent five of the allocated 15 Roubles on chicken feed. The inspector took this to mean that the thieving farmer pocketed the other ten and promptly had him imprisoned.
Hearing of this through the rumour mill, the next farmer down the road insisted that he spent all 15 Roubles on food for the chickens. The inspector saw this as a case of budget-padding and the farmer as a wasteful opportunist. He too was imprisoned.
The third farmer heard of both episodes and was more prepared for the inspector's arrival.
"How many of the 15 Roubles do you actually spend on chicken feed," asked the inspector.
Like a true nascent capitalist, the farmer threw his hands in the air and answered, "hey! I give 15 Roubles to the chickens. They can eat whatever they want!"

Experienced economist and not so experienced economist are walking down the road. They get across shit lying on the asphalt.
Experienced economist: "If you eat it I'll give you $20,000!"
Not so experienced economist runs his optimization problem and figures out he's better off eating it so he does and collects money.
Continuing along the same road they almost step into yet another shit.
Not so experienced economist: "Now, if YOU eat this shit I'll give YOU $20,000."
After evaluating the proposal experienced economist eats shit getting the money.
They go on. Not so experienced economist starts thinking: "Listen, we both have the same amount of money we had before, but we both ate shit. I don't see us being better off."
Experienced economist: "Well, that's true, but you overlooked the fact that we've been just involved in $40,000 of trade."


What's the difference between economists and businessmen: the first don't keep their feet on the ground; the latest use to keep their four feet in the ground 

An economist is someone who knows the price of everything and the value of nothing. 

Following story is to demonstrate some possible implications of the above statement. Two stangers, a man and a woman, meet in a cafe, the man asks.
"My Dear, would you go to bed with me for a million dollars?"
"Well, yes, I guess I would."
"How about $100?"
"What kind of person do you think I am?"
"My Dear, we have already established that. We are merely haggling over the price!" 
According to Ross Emmet, the story was told by George Bernard Shaw. The man and woman are Winston Churchill and Lady Astor and the incident allegedly did occur.

Economists are people who are too smart for their own good and not smart enough for anyone else's.

From Ambrose Bierce, The Devil's Dictionary:
Tariff -- A scale of taxes on imports, designed to protect the domestic producer against the greed of his consumer.
Economy -- Purchasing the barrel of whiskey that you do not need for the price of the cow that you cannot afford. 


A woman hears from her doctor that she has only half a year to live. The doctor advises her to marry an economist and to live in South Dakota. The woman asks: will this cure my illness? Answer of the doctor: No, but the half year will seem pretty long. 

A boy was crossing a road one day when a frog called out to him and said, "If you kiss me, I'll turn into a beautiful princess." He bent over, picked up the frog and put it in his pocket. The frog spoke up again and said, "If you kiss me and turn me back into a beautiful princess, I will stay with you for one week." The boy took the frog out of his pocket, smiled at it, and returned it to his pocket. The frog then cried out, "If you kiss me and turn me back into a princess, I'll stay with you and do ANYTHING you want." Again the boy took the frog out, smiled at it and put it back into his pocket. Finally, the frog asked, "What is the matter? I've told you I'm a beautiful princess, that I'll stay with you for a week and do anything you want. Why won't you kiss me?" The boy said, "Look, I'm an economist. I don't have time for a girlfriend, but a talking frog is cool." 

Q:Why did God create economists ?
A:In order to make weather forecasters look good.

Q: Why did the economist cross the road?
A: It was the chicken's day off. 

Q. What does an economist do?
A. A lot in the short run, which amounts to nothing in the long run. 

Two economists meet on the street. One inquires, "How's your wife?" The other responds, "Relative to what?" 

To an economist, real life is a special case. 

Allow me to tell one joke in Finnish... its difficult to translate without loosing the funny point...
K: Miten ekonomi ja ekonomisti eroavat toisistaan?
V: Samalla tavoin kuin alkoholi ja alkoholisti!
 ...and one joke in German as requested...
 Zwei Geraden treffen sich in der Unendlichkeit. Sagt die eine: "Aus dem Weg, sonst leit' ich dich ab!" Antwortet die andere: "Aetsch! Ich bin eine e-Funktion." 

I asked an economist for her phone number....and she gave me an estimate. 

One more lightbulb joke:
Q: How many economists does it take to change a lightbulb?
A: Eight. One to screw it in and seven to hold everything else constant. 


Conversation between two Dinosaurs:
Dinosaur #1: "How many economists does it take to screw in a light bulb?"
Dinosaur #2: "What is an economist?"
Dinosaur #1: "A flunkie mathematician who tries to predict the population of kangaroos in
Australia. But that's not important and don't ask what a Kangaroo is."
Dinosaur #2: "I don't know, how many?"
Dinosaur #1: "10 economists and one grad student. One economist to make a model, one to run the regression, one to test the hypothesis, one to interpret the results, one to conclude how to screw it on, one grad student to screw it on, and five economists trying to fight off the dinosaurs trying to eat them. 


Economists have forecasted 9 out of the last 5 recessions. 

An econometrician and an astrologer are arguing about their subjects. The astrologer says, "Astrology is more scientific. My predictions come out right half the time. Yours can't even reach that proportion". The econometrician replies, "That's because of external shocks. Stars don't have those". 

SOCIALISM: You have two cows. State takes one and give it to someone else.
COMMUNISM: You have two cows. State takes both of them and gives you milk.
FASCISM: You have two cows. State takes both of them and sell you milk.
NAZISM: You have two cows. State takes both of them and shoot you.
BUREAUCRACY: You have two cows. State takes both of them, kill one and spill the milk in system of sewage.
CAPITALISM: You have two cows. You sell one and buy a bull.

Alternative: A COWSMIC VIEW OF WORLD ORGANIZATION
FEUDALISM: You have two cows. Your lord takes some of the milk.
PURE SOCIALISM: You have two cows. The government takes them and puts them in a barn with everyone else's cows. You have to take care of all the cows. The government gives you as much milk as you need.
BUREAUCRATIC SOCIALISM: You have two cows. The government takes them and puts them in a barn with everyone else's cows. They are cared for by ex-chicken farmers. You have to take care of the chickens the government took from the chicken farmers. The government gives you as much milk and as many eggs as the regulations say you should need.
FASCISM: You have two cows. The government takes both, hires you to take care of them, and sells you the milk.
PURE COMMUNISM: You have two cows. Your neighbors help you take care of them, and you all share the milk.
RUSSIAN COMMUNISM: You have two cows. You have to take care of them, but the government takes all the milk.
DICTATORSHIP: You have two cows. The government takes both and shoots you.
SINGAPORE DEMOCRACY: You have two cows. The government fines you for keeping two unlicensed animals in an apartment.
MILITARIANISM: You have two cows. The government takes both and drafts you.
PURE DEMOCRACY: You have two cows. Your neighbors decide who gets the milk.
REPRESENTATIVE DEMOCRACY: You have two cows. Your neighbors pick someone to tell you who gets the milk.
AMERICAN DEMOCRACY: The government promises to give you two cows if you vote for it. After the election, the president is impeached for speculating in cow futures. The press dubs the affair "Cowgate".
BRITISH DEMOCRACY: You have two cows. You feed them sheep's brains and they go mad. The government doesn't do anything.
BUREAUCRACY: You have two cows. At first the government regulates what you can feed them and when you can milk them. Then it pays you not to milk them. After that it takes both, shoots one, milks the other and pours the milk down the drain. Then it requires you to fill out forms accounting for the missing cows.
ANARCHY: You have two cows. Either you sell the milk at a fair price or your neighbors kill you and take the cows.
CAPITALISM: You have two cows. You sell one and buy a bull.
HONG KONG CAPITALISM: You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with associated general offer so that you get all four cows back, with a tax deduction for keeping five cows. The milk rights of six cows are transferred via a Panamanian intermediary to a Cayman Islands company secretly owned by the majority shareholder, who sells the rights to all seven cows' milk back to the listed company. The annual report says that the company owns eight cows, with an option on one more. Meanwhile, you kill the two cows because the Feng Shui is bad.
ENVIRONMENTALISM: You have two cows. The government bans you from milking or killing them.
FEMINISM: You have two cows. They get married and adopt a veal calf.
TOTALITARIANISM: You have two cows. The government takes them and denies they ever existed. Milk is banned.
POLITICAL CORRECTNESS: You are associated with (the concept of "ownership"is a symbol of the phallo-centric, war-mongering, intolerant past) two differently-aged (but no less valuable to society) bovines of non-specified gender.
COUNTER CULTURE: Wow, dude, there's like... these two cows, man. You got to have some of this milk. Far out! Awesome!
SURREALISM: You have two giraffes. The government requires you to take harmonica lessons.
JAPANESE DEMOCRACY: You have two cows. You give the milk to gangsters so they don't ask any awkward questions about who you're giving the milk to.
EUROPEAN FEDERALISM: You have two cows which cost too much money to care for because everybody is buying milk imported from some cheap east-European country and would never pay the fortune you'd have to ask for your cows' milk. So you apply for financial aid from the European Union to subsidise your cows and are granted enough subsidies. You then sell your milk at the former elevated price to some government-owned distributor which then dumps your milk onto the market at east-European prices to make Europe competitive. You spend the money you got as a subsidy on two new cows and then go on a demonstration to Brussels complaining that the European farm-policy is going drive you out of your job.
EASTERN EUROPEAN DEMOCRACY: You have two cows. You sell the milk (diluted with some water) at a high price to the neighbors or to anyone at the open-air market. If somebody asks for receipt, you charge for a two times higher price, so nobody will request an invoice. For concerned families with small babies you claim that the milk is "bio", though you collect the grass for feeding at the side of the highway and you keep the milk in plastic barrels used previously as containers of dangerous chemicals. Later, your neighbor or anybody from town will steal the cows and will buy their meat for a high price, and if you ask for a receipt, you will be charged for a two times higher price.
FINNISH SOCIALISM: You have two cows. Soon you have to kill one of them because in the Netherlands there is an overproduction of milk and the European Union rules say so. When you do so, you realize that it was not necessary, only the system was too slow in getting you the up-to-date news. From the stress, you get an ulcer in your stomach so you go to a doctor. The doctor realizes that this ulcer is a serious one, so you need an urgent treatment. Therefore, you soon get a call to the local hospital. The call's date is for 3 months later, because there is a queue with more urgent cases. Then your ulcer becomes even more serious because you remember that 40 percent of your income is taken for social tax. 

Q: What do you call a little girl in a brown dress who is running across a playground?
A: A brownian motion. 

David Gunn (Scotland): "Eighty percent of rules of thumb only apply 20 percent of the time" 

This one I attribute to Richard Thaler, now at the Univ of Chicago.
When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite. 

From Peter Kennedy's "A Guide to Econometrics" (MIT Press, 1992):
(P. 7) [Econometrics is...] the art of drawing a crooked line from an unproved assumption to a foregone conclusion." 

True story: One day in microeconomics, the professor was writing up the typical "underlying assumptions" in preparation to explain a new model. I turned to my friend and asked, "What would Economics be without assumptions?" He thought for a moment, then replied, "Accounting." 

Q: Why has astrology been invented? A: So that economy could be an accurate science. 

This is a true story:
Back in the mid-1970s, I attended an ASSA/AEA convention in Dallas. During the third day of the convention, one of the bellhops at the convention hotel asked me who the people attending the convention were and what we did for a living.
"We're economists," I replied. "Why do you ask?"
"I don't know..... no women, no drugs, just booze, booze, booze."

John Palmer 


An old joke applied to economists.
One night a policeman saw a macroeconomist looking for something buy a lightpole.  He asked him is had had lost something there.  The economist said, "I lost my keyes over in the alley."  The policeman asked him why he was looking by the lightpole.  The economist responded, "it's a lot easier to look over here."


This tale is said to be told by John Kenneth Galbraith on himself. As a boy he lived on a farm in
Canada. On the adjoining farm, lived a girl he was fond of.  One day as they sat together on the top rail of the cattle pen they watced a bull servicing a cow. Galbraith turned to the girl, with what he hoped was a suggestive look, saying,  "That looks like it would be fun."  She replied, "Well....she's your cow."


An economist is someone who gets rich explaining others why they are poor.


Not a joke as such, but (a true story, apparently, as told by a Finance lecturer at LSE):
An economist was about to give a presentation in Washington, DC on the problems with Black-Scholes model of option pricing and was expecting no more than a dozen of government officials attending (who would bother?). To his amazement, when he arrived, the room was packed with edgy, tough-looking guys in shades. Still, after five or so minutes into the presentation all of them stood up and left without a word. The economist found out only later
that his secretary ran the presentation through a spell-checker and what was "The Problem with Black-Scholes" became  "The Problem with Black Schools", a rather more fascinating subject.



The last severe depression and banking crisis could not have been achieved by normal civil servants and politicians, it required economists involvement.


"I'd rather be vaguely right than precisely wrong."
- J.M.Keynes; Found in Forbes magazine 01/25/1999 issue.  In the Numbers Game column by Bernard Cohen 

A joke from the October 1992 Reader's Digest, the Best Medicine section:
"I'm thinking of leaving my husband," complained the economist's wife.
"All he ever does is stand at the end of the bed and tell me how good things are going to be." 


Q: Why do social workers refuse to sleep with economists?
A: They have learned its a sunk cost. 

Q: Why do Economists provide estimates of inflation to the nearest tenth of a percent?
A: To prove they have a sense of humour. 

"Economic statistics are like a bikini, what they reveal is important, what they conceal is vital"
- Attributed to Professor Sir Frank Holmes, Victoria University, Wellington, New Zealand, 1967. 

"An economist is a person who confronted with a eight foot high wall, immediately assumes he is ten feet tall."
- Attributed to John Zanetti, Senior Lecturer,
Victoria University, Wellington, New Zealand 1971. 

Contagion: A strory demostrating the possible outcomes from interlinkages in the financial markets.
Back during the Solidarity days, I heard that the following joke was being told in Poland:
A man goes into the Bank of Gdansk to make a deposit. Since he has never kept money in a bank before, he is a little nervous.
"What happens if the Bank of
Gdansk should fail?" he asks.
"Well, in that case your money would be insured by the Bank of Warsaw."
"But, what if the Bank of Warsaw fails?"
"Well, there'd be no problem, because the Bank of Warsaw is insured by the National Bank of Poland."
"And if the National Bank of Poland fails?"
"Then your money would be insured by the Bank of Moscow."
"And what if the Bank of Moscow fails?"
"Then your money would be insured by the Great Bank of the Soviet Union."
"And if that bank fails?"
"Well, in that case, you'd lose all your money.
But, wouldn't it be worth it?"

Seven habits that help produce the anything-but-efficient markets that rule the world by Paul Krugman in Fortune.
1. Think short term.
2. Be greedy.
3. Believe in the greater fool
4. Run with the herd.
5. Overgeneralize
6. Be trendy
7. Play with other people's money


Phelson's Law (or so I was told)
Copying an idea from an author is plagiarism.
Copying many ideas from many authors is... research !! 

These deep thoughts of colleague economists were originally collected by Hiroyuki Kawakatsu
How to do research
Keep the ass to the chair.
-James Buchanan

Everything has been thought before, but the problem is to think of it again.
-Goethe

Concepts without perceptions are empty; perceptions without concepts are blind.
-Kant

Mathematics has no symbols for confused ideas.
-George Stigler

All models are wrong but some are useful.
-George Box

Far better an approximate answer to the right question, which is often vague, than an exact answer to the wrong question, which can always be made precise.
-J. Tukey

The paradox is now fully established that the utmost abstractions are the true weapons with which to control our thought of concrete fact.
-A. Whitehead

In the long-run, there's just another short-run.
-Abba Lerner

Life can only be understood backwards, but it must be lived forwards.
-Kierkegaard

Someone once said about partisan analysts that they use economic data the way a drunkard uses a lamppost: for support rather than illumination. Or as Disraeli put it, there are three kinds of lies: lies, damn lies, and statistics.
-Paul Krugman

Theories are testable where they are least needed, and are not testable where they are most needed.
-Charles Manski

If you torture the data long enough, Nature will confess.
-Ronald Coase

There are two things you are better off not watching in the making: sausages and econometric estimates.
-Edward Leamer

Doing econometrics is like trying to learn the laws of electricity by playing the radio.
-Guy Orcutt

Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes.
-Charles Goodhart

Time series regression studies give no sign of converging toward the truth.
-Phillip Cagan

Any time series regression containing more than four independent variables results in garbage
-Zvi Griliches

Forecasting is like trying to drive a car blindfolded and following directions given by a person who is looking out of the back window
-Anonymous

Given the choice between Bob Solow and an econometric model to make forecasts, I'd choose Bob Solow; but I'd rather have Bob Solow with an econometric model, than Bob Solow without one
-Paul Samuelson

Keep in mind the three most important aspects of real data analysis: compromise, compromise, and compromise.
-Edward Leamer

The four golden rules of econometrics:
1.Think brilliantly,
2.Be infinitely creative,
3.Be outstandingly lucky,
4.Otherwise, stick to being a theorist
-David Hendry

A good empirical study requires three components:
1.A concise and sensible theoretical framework that is related to the questions to be asked,
2.Reasonably good data, and
3.An experiment or an event or a set of circumstances that give the data a chance to answer the questions asked. In short, the model needs to be identifiable from the data at hand.
-Zvi Griliches

Two students of economics at lunch:
Student 1" 'Do you know what are the two most important degrees in economics?"
Student 2:"The MSc and the PhD?" Student 1:"No, the zeroth and the first!" 

In explaining why she felt our relationship had problems, a former girlfriend (an English teacher) told me that the problem was that I was so ... so ... reasonable. (David Colander) 

+With simultaneous low inflation and low unemployment in the US persisting for some time, certain policy-makers at the Fed are beginning to think NAIRU stands for Nothing About Inflation (is) Related (to) Unemployment.
- Chris Varvares (September 2000)

+A true story:
A game theorist was talking to a group of psychologists at a conference. The conversation turned to children. He said that he does not intend his children to get any money from him now that they are grown. "In fact, if I have so much as a penny to my name on the day I die, it will only be because I miscalculated my utility."

+In the Soviet Union, Stalin asked the Minister of Finance to give him an advice as to the establishment of the ruble convertibility. The minister produced a thick document, arguing in favor of establishment the rate 1 dollar = 14 rubles. Stalin looked at it and did not like that ruble is so undervalued. He took his red pencil and eliminated "1". The exchange rate was established at 1 dollar = 4 rubles.

An economics journal article should be like a woman's skirt: short enough to be provocative; long enough to have something substantial underneath.
- Gerard Debreu (?)

+ A student was sitting in an econometric class taught by Prof White. The lecture was too difficult that few students understood it.
 "What is the lecture all about?" A student asked his friend who was sitting right next to him.
"I don't quite understand it either. All I get is, it's just some noise...specifically, white noise. He said we can expect it to be nothing on average." 


+ When doctors make mistakes, at least they kill their patients. When economists make mistakes, they merely ruin them.

An economist is someone who has had a human being described to him, but has never actually seen one.

There are three sorts of economist. Those who can count, and those who can't.

Grow your own dope -- plant an economist.

Economic forecasters assume everything, except responsibility.

Economics is to be found in the library -- beyond fiction.

You know the difference between a dead economist and a dead cat. There are usually skid marks in front of the dead cat.

I begin with the assumption that economists have their uses. I know many of you will disagree with this, but as economists themselves say, 'we can relax the assumption later'.

Several academics are asked whether all odd numbers are prime:p> Mathematician: let's see...3 is prime, 5 is prime, and the result follows by induction.
Physicist: let's see...3 is prime, 5 is prime, 7 is prime, 9 is -- experimental error, 11 is prime, 13 is prime, ...
Engineer: let's see...3 is prime, 5 is prime, 7 is prime, 9 is prime, 11 is prime...
Computer Scientist: let's see...3 is prime, 3 is prime, 3 is prime...
Economist: let's see...2 is prime, 4 is prime, 6 is prime...

(the joke has apparently very little to do with economics, but if it makes you laugh...)


An econometrician E.M. left his office after a long day of doing estimations. When arriving at the parking lots, he could not find his car because he could not remember the exact place where he left it. After pondering a while, he stopped at an empty lot and started cursing, "they stole my car, those bloody bandits". He called in the police who started taking notes after arrival. A friend from the history department passed along. After listening to what had happened he said, "hey, your car is 25 meters over there, didn't you realize?" The econometrician said, "Can't be, this is the mean value of the distribution of my past choices of lots".

"I once read about a meeting of economists who agreed that if their forecasts were 33 1/3 % correct, that was considered a high mark in their profession. Well, of course, I know you cannot invest in securities successfully with odds like that against you if you place dependence solely upon judgement as to the right securities to own and the right time or price to buy them. Then, too, I read somewhere about the man who described an economist as resembling 'a professor of anatomy who was still a virgin.'"
-Gerald M Loeb (1935, 1965 ed.) "The Battle for Investment Survival"

Economics-everything we know in a language we don't understand.

A voice from history.
 "Not all Germans believe in God but they believe in the Bundesbank"
 Jacques Delors former president of European Commission
in FT December 15,1998 


A real story
 One day, the professor who taught Money and Banking in Buenos Aires told us: "I do not know if you will find a job as economists, but am sure you will know why you are going to be poor"