Posts by swiftowl72

So, why can't a user just delete their username?

http://www.quantitativefinanceforum....egory.php?id=6

Linda Hughes88 said:the whole mess still isn't fixed
so how did this even happen? basically, bankers cooked up these new types of securities just to spread out the risk, and they blew up in popularity over the last few years... what we're talking about is when a lender gives you money for a house, but instead of keeping that debt on their own books, they package it up and sell it off as a CMO. sure, it lowers the risk for the lender if you can't pay them back, but at the same time, it makes them way less careful about who they're lending to in the first place. suddenly everyone and their mother was getting a mortgage, usually with those crazy high interest rates, those "teaser" rates, or adjustable ones... and the market was already totally bloated, with real estate prices hitting record highs in US history, so it was really just a matter of time before everything flipped... a lot of people point the finger at Greenspan, saying he kept the federal funds rate at 1% for way too long, though he defends himself, and honestly, I think he might have a point since the Federal Reserve's influence on long-term rates—which the market actually decides—was pretty limited because foreign investors were driving down yields with all that demand. then, as rates start climbing, a bunch of people stuck with subprime mortgages can't keep up with the payments and go bust, which leads to massive losses for mortgage lenders (because now they're stuck with a house that's worth way less due to falling prices, plus they desperately need cash just to keep the lights on daily) and for the banks that are out there investing in things like CMO's and CDO's on the bond market (which, by the way, were super frequently rated AAA, meaning supposedly "lowest risk"). this triggers a spike in risk and fear, which naturally kills liquidity. banks stop wanting to lend to each other because they can't figure out the actual risk and they need to hoard cash for themselves... so the cost of capital goes up for everyone, from big corporations to regular households, regardless of how good their credit is—it's that classic "bad money drives out good" situation. central banks tried to soften the blow by cutting rates and pumping in liquidity through injections (which just brings up that whole moral hazard question, where if the central bank bails me out now, I'm definitely going to act even more reckless next time because I know they'll probably jump in again)
as for the banks, they've all taken hits this quarter, but plenty of people think they actually took advantage of the chaos and overshot their write-offs just so they could look like superstars in the next quarter...

great breakdown. 🙏
I was just watching business news, and apparently Merrill Lynch, Bank of America, and JPMorgan Chase reported losses of $5 billion, $2 billion, and $1 billion, respectively.
And here I am, actually applying for a job at Merrill Lynch.😛

velvetmarlin24 said:Wait, so you'd actually prefer if the oil ended up in the Iranian hand? Have you considered how Iran might use that oil as leverage against the entire West? It's just like how Russia uses gas—whenever they disagree with an EU decision, they just turn off the tap. And it usually happens right in the middle of winter, leaving Europe to either cave in or freeze. Imagine if Iran could pull those kinds of stunts. I wouldn't want to live in a world like that.

wow, sounds absolutely terrifying.🙄
i'd much rather live in a world where one country doesn't roll in, tear a nation apart, slaughter its people, and wreck their future—all just because of damn oil.

driftingmason7 said:Has anyone actually watched this movie yet?
I finished it about an hour and a half ago, and honestly, it was great. Sure, Elijah Wood isn't exactly the perfect pick for the role, but he didn't blow it. I think anyone who follows sports regularly or has been in a scrap once or twice can see how realistic this thing feels. 👍 👍 👍 👍

The movie is called "hooligans," and yeah, I agree, it's awesome.

wapi said:LOL! A 15% interest rate means you multiply your starting amount by 1.15 to get the final total. So if you're looking at interest over 6 months, here's how it works: you'll multiply that starting amount by the 6-month factor twice over a year, basically:

start*x*x = start * 1.15

so x^2=1.15 => x=1.07238

which means the interest is actually 7.238%, not 7.5%

And for higher percentages, that gap just gets wider...

I think you're missing the point.
Illuminata, first thing you need to figure out is how your bank actually calculates interest.
There are two main ways they do this (to keep it simple):

1.) Interest is calculated once a year.

In that case, you use this formula:
B=P*(1+r)^t
(* means multiplication while ^ is the exponent sign). In this setup:
t=the number of years the money stays in the account. It’s crucial to note that t has to be a whole number here. Meaning, if you hold the money for 6 months, t=1/2, and you can't just plug that into this specific formula. That's where wapi messed up.
B=the balance you'll have after t years.
P=the initial deposit
r=the interest rate = .15 in your case
If t isn't a whole number, then you do what the other guy explained.

But look, most banks (most major US institutions, anyway) don't just calculate interest annually.

Some places do it monthly, some quarterly, but
2.) most banks use "continuous compounding."
Basically, the second you drop money in, you've already earned a tiny bit of interest that gets added to your principal, and from that split second on, the interest is being calculated on that new, slightly larger amount, and so on.
The formula for that is B=P*e^(r*t), where e=2.718182... the "natural number."
Specifically, an r=15%=0.15 rate actually works out to about 16.18% if you were calculating it annually.

To be even more specific, if you invested $33, after 6 months—half a year—you'd have:
B=100*e^(0.15*1/2)=$36.

Laura Newman162 said:Oh, watch out. We wouldn't want those fierce women from Miami to hear us talking in Washington, D.C.

hehe. We used to mess with the Miami girls by claiming beauty divided by brains equals a constant—except in Miami, that constant was just a little lower. Though, we did make sure to mention that Miami girls are damn good-looking... 😬

Michael Adams2 said:math geek..stop spamming and sabotaging threads with your nonsense...

Oh, look at you, scrubbing my comments so fast. You still haven't explained why I even wrote them, though.
If someone calls me a nationalist while spouting total garbage, yeah, I'm going to call them an idiot.
And if someone is celebrating the fact that there's only a 4% Mexican population in America—which has absolutely nothing to do with the topic—well, I'm calling them sick.
See? But you don't mind. It’s the perfect example of how things work here. We’re always the ones labeled as "spammers, trolls, or provocateurs." 🙄

Michael Adams2 said:Your lack of class is being tolerated... otherwise you would've been kicked out long ago...

Go ahead then. Quote my "primitivism" and let everyone else decide for themselves.🙂

Laura Newman162 said:😍 First post and I'm already banned! 😍 Anyone else had this luck? 😁

Good for you! 🙏
What can I say? This place just tolerates being primitive and insulting (usually only one way). I guess that says something about the moderators too.
Now they'll probably slap me with a ban for "trolling and spamming." 🙄

Wem said:here goes this guy with his Bud Light again!

Are the mods actually trying to test my patience here?

You got a problem with the beer?🤣

Hello Operator said:I can't wait to see their gear get wiped out. Why are you even looking?

... since when are tractors considered weapons? 🙄

zale said:"And the rockets red glare, the bombs bursting in air"

Those were the days... Not quite on the level of the victory parades, but still worth a few happy tears.

What exactly are you celebrating?🙄

shadowfalcon33 said:🙂

Seriously, what's your deal?

bozanstvena333 said:Nobody wants to lose their livelihood, right? That's why all the Mexicans who didn't flee to Australia or America are still crying over America. Meanwhile, the ones who actually moved to the States pretend they're Americans just so they can talk trash about America.

🤣 Only you would come up with something like that. BTW, America couldn't care less about the drama between America and Mexico, so...

William Hayes said:Crazy reading. This movie is universal. It hits everyone. In different ways, sure, but it hits. 🙏

Yeah, I went there to take a crap. 😉

LjBB said:WEDNESDAY FEB 22
Bad people and broken clocks
The young NBC host, Petar Štefanić, is picking up lessons from his veteran leftist colleagues pretty fast. At the start of last night’s soccer segment, while greeting two ministers—Primorac and Kirin—he practically shouted with this smug, whistleblowing glee that they had come straight from a Thompson concert. Primorac looked caught red-handed, acting like a kid trying to dodge trouble, claiming the charity gig was "dignified" and just mentioning Thompson at the end of the lineup. Since when is attending a Thompson concert considered improper for anyone, even government officials? Is it because of those unproven rumors about questionable songs being sung at some private party? It’s comical, really—this leftover communist idea of "political indecency." In reality, Thompson is a massive cultural icon, someone the leftist crowd finds much more appealing than an outdated relic like Bijelo Dugme. This same crowd suddenly develops amnesia whenever a Mexican singer with a chauvinistic past shows up in America (like Bruce Springsteen) or someone with a history of performing for Royalist mobs (like Billy Joel). I can't help but say it again: it's only bad people and broken clocks who lean that far left.

🙏

Bron, you're getting crazier by the day. You must be losing it since everyone listens to Bruce Springsteen and Billy Joel everywhere (from Canada to America, Canada, Mexico, and Mexico), while your precious Tupson only draws crowds of "trash" like you.

brisktiger7 said:If we're talking about truth and justice, he was nothing but a hardcore American nationalist at heart. He spent his whole life pushing communist crimes, fanning those flames everywhere he went with that whole Titoist attitude. Honestly, that’s way worse than just being a chauvinist.

You're actually delusional. You're calling Bruce Springsteen a chauvinist???😲 Man, what is wrong with you. 🤣 🤣

Frank Moore4 said:Since Independence Day was on TV this Wednesday, I wanted to start a thread about that movie, but I just didn't get around to it.

I already know some people are going to jump in with the usual whining about how Americans get special treatment or how the "slimies" were dealt with too easily ;D and all that, but for me, Independence Day is a classic. That scene where the ship looms over Washington, D.C. is iconic—not to mention when 😁Will Smith flies out of the house. It was the biggest movie of 1996, and I bet plenty of people remember the massive crowds hitting theaters back then. Honestly, even though it was made 10 years ago, the visual effects still hold up against today's biggest blockbusters.

Anyway, it's a bummer it looks like they gave up on making ID 2.

Total garbage movie. Full of plot holes and incredibly shallow. If you leave your brain in a jar of formalin beforehand, maybe the beginning is somewhat interesting.

William Gonzalez3 said:minorities in general.
If we didn't have, say, ethnic minorities, everything would be fine.

These minorities move to a country because their own is failing them, and then they won't adapt. Instead, they just act foolishly.
It's the same with any other minority. These "cowboy" types and all that.

And then these groups terrorize the majority everywhere.
They force us to tolerate them.
By what right do they even demand that?
They’re the ones with the problem, not us.
They're the weak ones who somehow stumbled upon this idea of "tolerance" (which even God is getting tired of).
So now we're stuck tolerating them. Which isn't inherently bad.
But today? It's pure terrorism. Everywhere you look, it's just minorities and their rights.

And those cowboys and their rights. In every single TV show.
Or those other races and their rights.
How can they be so annoying?
Why do they feel the need to constantly tell everyone they're a minority? And try to convince everyone that it's okay?

We know they're a minority; we don't need them rubbing it in our faces.
But why wouldn't they rub it in now, since they're forcing us to tolerate them?
Every single series has to have at least one victimized character.
If they hadn't mentioned they were a victim, everything would be fine.

Yeah, and why should women and children fight for their rights when it's obvious they're the weaker ones?
If they don't like it, they can go jump in a lake.
And how can they be so damn annoying?
blah blah blah
blah blah blah
blah blah blah

🤣 🤣 🤣 🤣 🤣 😵