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/biz/ - Business & Finance

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53519085 No.53519085 [Reply] [Original]

What the fuck is a basis point?

>> No.53519091

>>53519085
It means that interest rate go up

>> No.53519095

>>53519085
it's an obfuscatory way of talking about percentages

>> No.53519096
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53519096

>>53519085
a point made of bases

>> No.53519114

>>53519085
1/100 of a percent. For example:

75 basis points = 0.75%

>> No.53519119

>>53519085
The jews got tired of saying point zero one or typing 0.01%
1bps is a lot easier to say and less ambiguous when speaking.

>> No.53519149
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53519149

>>53519114
I keep it 10000 basis points fr fr

>> No.53519152

>>53519119
It also confuses the goys

>> No.53519191
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53519191

>>53519085
Your mom’s dick is a basis point.

>> No.53519194

>>53519085
It’s not based I’ll tell you that.

>> No.53519220

Its used because it would be ambiguous to say "interest rates went up 25%" to denote that rates went from 4 to 5%. Basically you dont ever want to talk about a percent of a percent.

>> No.53519227

>>53519191
Looks delicious

>> No.53519241

>>53519085
permicro sounds weird

>> No.53519256

>>53519227
Like literally drinking from a swamp.

>> No.53519278

>>53519085
It's how based you are.

>> No.53519289

ashly is the future, you heard it here first...

>> No.53519297

>>53519256
>pho is like drinking from a swamp
You will never have sex

>> No.53519314

>>53519085
When you shoot the ball into the basin

>> No.53519416

>>53519297