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catch?

 
 
Reply Mon 17 Jan, 2011 11:30 pm
I was so glad when my mathematician-brother introduced me to the concept of
Imaginary numbers. Aha! I thought -- now maybe I can balance my checkbook! Only one catch. It seems the banks were all using imaginary numbers, too. Oh well. At least we'll have a lot of high-class company, swimming in the bankruptcy Pool.

What does "catch"mean here?
What's the relationship between the use of imaginary numbers by banks and high-class company faced with bankruptcy?
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Type: Question • Score: 0 • Views: 499 • Replies: 5
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View best answer, chosen by PennyChan
roger
 
  1  
Reply Mon 17 Jan, 2011 11:34 pm
@PennyChan,
'Catch' in this use means a problem, maybe a rough spot in a smoothly operating machine.

Catch 22 is a rather well known book, in which various 'catches' were numbered. Catch 22 is one that clearly involves a contradiction. In the story, you could get out of combat duty if you were crazy. The catch was that if you wanted out of combat, that was proof you weren't crazy.
PennyChan
 
  1  
Reply Mon 17 Jan, 2011 11:40 pm
@roger,
One more question, what does "imaginary number" mean here?
Does it mean the number people can't see?
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Ceili
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Reply Tue 18 Jan, 2011 12:17 am
@PennyChan,
Imaginary numbers...
It's hard to say for sure without knowing exactly what the author is referencing. I'm going to take a stab at it.
Leading up to the economic collapse in the USA, many of the bankers, investment bankers and traders were using funky mathematic formulas that were so complicated most of them did not understand it. However, using these formulas, they were able to reap unbelievable rates of return, paying themselves obscene fees.
So, I'd imagine...
The author is being tongue in cheek hoping to use the same "magical" formulas to make money appear and debt disappear in his own bank accounts.
PennyChan
 
  1  
Reply Tue 18 Jan, 2011 01:06 am
@Ceili,
Many Thanks!
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McTag
 
  1  
Reply Tue 18 Jan, 2011 08:11 am
@Ceili,

A imaginary number is a real and legitimate mathematical concept, involving the square root of minus one.

Here I think, the intended meaning is just "fantasy maths".
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