To: Jonty30
Why “basis points?”
Is important detail - to be that small?
27 posted on
04/13/2024 4:31:33 PM PDT by
linMcHlp
To: linMcHlp
I was clarifying what I meant by 5%. I didn’t mean 5% as in 1.05 whatever the interest rate currently is. I means the current interest rate +5%. 500 basis points is 5%.
28 posted on
04/13/2024 4:37:40 PM PDT by
Jonty30
(He hunted a mammoth for me, just because I said I was hungry. He is such a good friend. )
To: linMcHlp
An extra 5% is going to cost an extra $1.7 trillion/year.
29 posted on
04/13/2024 4:39:30 PM PDT by
Jonty30
(He hunted a mammoth for me, just because I said I was hungry. He is such a good friend. )
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