Australian Politics Forum - Hit The Bank With The Big Stick

crocodile

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Re: Hit The Bank With The Big Stick
Reply #30 - Oct 14^th, 2019 at 9:32pm

Bobby. wrote on Oct 14^th, 2019 at 8:11pm:

juliar wrote on Oct 14^th, 2019 at 8:00pm:

Bobby give up, you have been creamed by the master the CROC.

No - he's an idiot.
he hasn't used my figures of 4% and 5% and
he hasn't taken the borrowing cost into account.

Your figures would make the difference even larger you dope. Try it yourself. Compound interest is high school stuff

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Very funny Scotty, now beam down my clothes.

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crocodile

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Re: Hit The Bank With The Big Stick
Reply #31 - Oct 14^th, 2019 at 9:39pm

Bobby. wrote on Oct 14^th, 2019 at 8:11pm:

juliar wrote on Oct 14^th, 2019 at 8:00pm:

Bobby give up, you have been creamed by the master the CROC.

No - he's an idiot.
he hasn't used my figures of 4% and 5% and
he hasn't taken the borrowing cost into account.

Just for a bit of fun we can all have a laugh on bobby.

$1,000,000 * 1.05^25 - $1,000,000 * 1.02^25 = $1,745,749
$1,000,000 * 1.04^25 - $1,000,000 * 1.01^25 = $1,383,404

Now fukk off you fool.

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Very funny Scotty, now beam down my clothes.

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juliar Gold Member Offline Australian Politics Posts: 22966	Re: Hit The Bank With The Big Stick Reply #32 - Oct 14^th, 2019 at 9:45pm Bobby you have been told. The Croc is not impressed by your Swanny economics.
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Bobby.

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Re: Hit The Bank With The Big Stick
Reply #33 - Oct 14^th, 2019 at 9:46pm

crocodile wrote on Oct 14^th, 2019 at 9:39pm:

Bobby. wrote on Oct 14^th, 2019 at 8:11pm:

juliar wrote on Oct 14^th, 2019 at 8:00pm:

Bobby give up, you have been creamed by the master the CROC.

No - he's an idiot.
he hasn't used my figures of 4% and 5% and
he hasn't taken the borrowing cost into account.

Just for a bit of fun we can all have a laugh on bobby.

$1,000,000 * 1.05^25 - $1,000,000 * 1.02^25 = $1,745,749
$1,000,000 * 1.04^25 - $1,000,000 * 1.01^25 = $1,383,404

Now fukk off you fool.

You still haven't taken the borrowing cost into account
and we're talking about 1 year not 25 years.
The world might not even exist in 25 years.
Go back to high school and redo your maths.
I mark your test as an F for fail. Grin

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juliar Gold Member Offline Australian Politics Posts: 22966	Re: Hit The Bank With The Big Stick Reply #34 - Oct 14^th, 2019 at 9:48pm Does Bobby believe the DoomsDayer Rent A crowds ?
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crocodile

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Re: Hit The Bank With The Big Stick
Reply #35 - Oct 14^th, 2019 at 10:14pm

Bobby. wrote on Oct 14^th, 2019 at 9:46pm:

crocodile wrote on Oct 14^th, 2019 at 9:39pm:

Bobby. wrote on Oct 14^th, 2019 at 8:11pm:

juliar wrote on Oct 14^th, 2019 at 8:00pm:

Bobby give up, you have been creamed by the master the CROC.

No - he's an idiot.
he hasn't used my figures of 4% and 5% and
he hasn't taken the borrowing cost into account.

Just for a bit of fun we can all have a laugh on bobby.

$1,000,000 * 1.05^25 - $1,000,000 * 1.02^25 = $1,745,749
$1,000,000 * 1.04^25 - $1,000,000 * 1.01^25 = $1,383,404

Now fukk off you fool.

You still haven't taken the borrowing cost into account
and we're talking about 1 year not 25 years.
The world might not even exist in 25 years.
Go back to high school and redo your maths.
I mark your test as an F for fail. Grin

You really have no fukkin' idea. The article specifically mentions housing loans but I excuse you for being illiterate and not noticing. What difference would a yearly calculation make. Banks calculate the compound interest daily you twat. t makes no fukkin' difference.

Borrowing cost makes it worse dickhead.

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Very funny Scotty, now beam down my clothes.

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macman Gold Member Offline Australian Politics Posts: 2435 australia Gender:	Re: Hit The Bank With The Big Stick Reply #36 - Oct 15^th, 2019 at 5:12pm juliar wrote on Oct 14^th, 2019 at 9:48pm: Does Bobby believe the DoomsDayer Rent A crowds ? Is Liar an idiot?
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Bobby.

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Re: Hit The Bank With The Big Stick
Reply #37 - Oct 15^th, 2019 at 5:45pm

crocodile wrote on Oct 14^th, 2019 at 10:14pm:

Bobby. wrote on Oct 14^th, 2019 at 9:46pm:

crocodile wrote on Oct 14^th, 2019 at 9:39pm:

Bobby. wrote on Oct 14^th, 2019 at 8:11pm:

juliar wrote on Oct 14^th, 2019 at 8:00pm:

Bobby give up, you have been creamed by the master the CROC.

No - he's an idiot.
he hasn't used my figures of 4% and 5% and
he hasn't taken the borrowing cost into account.

Just for a bit of fun we can all have a laugh on bobby.

$1,000,000 * 1.05^25 - $1,000,000 * 1.02^25 = $1,745,749
$1,000,000 * 1.04^25 - $1,000,000 * 1.01^25 = $1,383,404

Now fukk off you fool.

You still haven't taken the borrowing cost into account
and we're talking about 1 year not 25 years.
The world might not even exist in 25 years.
Go back to high school and redo your maths.
I mark your test as an F for fail. Grin

You really have no fukkin' idea. The article specifically mentions housing loans but I excuse you for being illiterate and not noticing. What difference would a yearly calculation make. Banks calculate the compound interest daily you twat. t makes no fukkin' difference.

Borrowing cost makes it worse dickhead.

Bullshit - the borrowing cost for the bank
is less if they only pay 1% for the money
compared with 2%.
Go back to school.
Why do I waste my time arguing with halfwits?

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crocodile

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Re: Hit The Bank With The Big Stick
Reply #38 - Oct 15^th, 2019 at 6:21pm

Bobby. wrote on Oct 15^th, 2019 at 5:45pm:

crocodile wrote on Oct 14^th, 2019 at 10:14pm:

Bobby. wrote on Oct 14^th, 2019 at 9:46pm:

crocodile wrote on Oct 14^th, 2019 at 9:39pm:

Bobby. wrote on Oct 14^th, 2019 at 8:11pm:

juliar wrote on Oct 14^th, 2019 at 8:00pm:

Bobby give up, you have been creamed by the master the CROC.

No - he's an idiot.
he hasn't used my figures of 4% and 5% and
he hasn't taken the borrowing cost into account.

Just for a bit of fun we can all have a laugh on bobby.

$1,000,000 * 1.05^25 - $1,000,000 * 1.02^25 = $1,745,749
$1,000,000 * 1.04^25 - $1,000,000 * 1.01^25 = $1,383,404

Now fukk off you fool.

You still haven't taken the borrowing cost into account
and we're talking about 1 year not 25 years.
The world might not even exist in 25 years.
Go back to high school and redo your maths.
I mark your test as an F for fail. Grin

You really have no fukkin' idea. The article specifically mentions housing loans but I excuse you for being illiterate and not noticing. What difference would a yearly calculation make. Banks calculate the compound interest daily you twat. t makes no fukkin' difference.

Borrowing cost makes it worse dickhead.

Bullshit - the borrowing cost for the bank
is less if they only pay 1% for the money
compared with 2%.
Go back to school.
Why do I waste my time arguing with halfwits?

Profit is the difference idiot.

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Very funny Scotty, now beam down my clothes.

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juliar

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Re: Hit The Bank With The Big Stick
Reply #39 - Oct 16^th, 2019 at 10:00am

Now to do things the easy way with an on screen calculator that saves having to think. Of course the Croc is correct as always he is so smart. I have done it for 1 year with interest compounded daily which is what the Croc said the banks do.

You can try yourself by clicking on the URL eg:- https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

Now for the Banks's profit at 5%.

https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

Now for the Banks's cost at 2%

https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

PROFIT = 1,051,267.50 - 1,010,050.03 = 41,217.47

Now for the Banks's profit at 4%.

https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

Now for the Banks's cost at 1%

https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

PROFIT = 1,040,808.49 - 1,020,200.78 = 20,607.71

So for the banks at the lower interest rates there is a loss of 41,217.47 - 20,607.71 = 20,609.76

Which is I think what the Croc was getting at.

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crocodile

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Re: Hit The Bank With The Big Stick
Reply #40 - Oct 16^th, 2019 at 11:40am

juliar wrote on Oct 16^th, 2019 at 10:00am:

Now to do things the easy way with an on screen calculator that saves having to think. Of course the Croc is correct as always he is so smart. I have done it for 1 year with interest compounded daily which is what the Croc said the banks do.

You can try yourself by clicking on the URL eg:- https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

Now for the Banks's profit at 5%.

https://i.postimg.cc/rpXRqG4t/Capturecompound1.png

https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

Now for the Banks's cost at 2%

https://i.postimg.cc/PrJSDHRQ/Capturecompound-333.png

https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

PROFIT = 1,051,267.50 - 1,010,050.03 = 41,217.47

Now for the Banks's profit at 4%.

https://i.postimg.cc/VNkvf76v/Capturecompound2.png

https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

Now for the Banks's cost at 1%

https://i.postimg.cc/cCg8sFFw/Capturecompound444.png

https://www.calculatorsoup.com/calculators/financial/compound-interest-calculato...

PROFIT = 1,040,808.49 - 1,020,200.78 = 20,607.71

So for the banks at the lower interest rates there is a loss of 41,217.47 - 20,607.71 = 20,609.76

Which is I think what the Croc was getting at.

That's pretty well the nuts and bolts. It can't seriously be that hard to see why the full rate doesn't get passed on.

Poor ol' Bobby waffles on about borrowing costs as if banks have to buy money like bananas and hold them in stock waiting for customers. It doesn't quite work that way with RBA as another cog in the engine. All banks have exchange settlement accounts with the RBA. They only need to settle the spread between rates in a single transaction.

It has to work this way else the RBA would not have the means to implement monetary policy. The cash rate doesn't come about because the RBA waves a magic wand and says what the rate will be. They have to buy and sell securities on the open market to maintain the size of the money supply. The cash rate is the target. The RBA has to manage the supply of money vs demand for money until the target rate is achieved. It can only be done via the exchange settlement accounts with the banks.

So Bobby doesn't want to deal with halfwits. In reality he is just an ignorant fool who doesn't understand how the monetary system works.

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Very funny Scotty, now beam down my clothes.

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barryfromthebush Gold Member Offline Australian Politics Posts: 702 Bum Chum Gender:	Re: Hit The Bank With The Big Stick Reply #41 - Oct 16^th, 2019 at 12:08pm macman wrote on Oct 15^th, 2019 at 5:12pm: juliar wrote on Oct 14^th, 2019 at 9:48pm: Does Bobby believe the DoomsDayer Rent A crowds ? Is Liar an idiot? Yep.
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Bobby. Gold Member Online Australian Politics Posts: 102932 Melbourne Gender:	Re: Hit The Bank With The Big Stick Reply #42 - Oct 16^th, 2019 at 2:04pm I'll check Juliar's calculations at a later time when I'm not so tired.
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juliar Gold Member Offline Australian Politics Posts: 22966	Re: Hit The Bank With The Big Stick Reply #43 - Oct 16^th, 2019 at 2:15pm BazzaFromTheScrub is a Commo trained by the GetUp! Terrorists. He glues himself to roads as a DoomsDay protest.
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Auggie Gold Member Offline The Bull Moose Posts: 8571	Re: Hit The Bank With The Big Stick Reply #44 - Oct 17^th, 2019 at 5:11pm Nationalise the big four banks!
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