tag:blogger.com,1999:blog-8031824543370830642.post9045303749693527275..comments2023-10-31T21:50:46.985+11:00Comments on Plonka's Blog: InterestingPlonkahttp://www.blogger.com/profile/01552546816593027504noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8031824543370830642.post-50563267799475708602008-02-03T07:59:00.000+11:002008-02-03T07:59:00.000+11:00Dikkii:Say one of the big four banks did only post...Dikkii:<BR/><BR/><I>Say one of the big four banks did only post a $1B profit this year.</I><BR/><BR/>Hehehe... There'd be hue and cry, and no mistake.<BR/><BR/>Contrary to my writing, I really don't have a problem with profit. I just think that posting that sort of profit and <B>then</B> raising fees is a bit rude.<BR/><BR/>I do like Tim. He and Alan Kohler at least manage to inject a little humour and common sense into the whole scary financial thing.Plonkahttps://www.blogger.com/profile/01552546816593027504noreply@blogger.comtag:blogger.com,1999:blog-8031824543370830642.post-19695916890284718452008-02-03T02:32:00.000+11:002008-02-03T02:32:00.000+11:00I actually find it ironic that the banks who stand...I actually find it ironic that the banks who stand to lose the least from the whole credit crunch are the ones leading the interest rates up.<BR/><BR/>Admittedly, there is going to be flight to those institutions as borrowers fret about the institutions that they've borrowed from as going concerns, however I wouldn't have thought on the basis of this that this would have constituted enough excess demand (at this early point) to justify interest rate rises.<BR/><BR/>And whether this is enough to deter the RBA from raising rates again this week is another question, but a good 'un.<BR/><BR/><I>Is it just me, or does there seem to be a direct correlation between tax cuts and interest rate rises? </I><BR/><BR/>There should be, ceteris paribus.<BR/><BR/>Tax cuts > increased disposable income > inflation > interest rate rises.<BR/><BR/><I>And why do banks always have to make $4+ billion? Why can't they just make $1billion? It's still a hell of a profit.</I><BR/><BR/>It's an interesting question with quite a few answers.<BR/><BR/>But one of them is this: Say one of the big four banks did only post a $1B profit this year. APRA, for one, would be hopping mad as there would be the question of fiscal prudence on the table.<BR/><BR/>Tim Colebatch, incidentally, is good value.Dikkiihttps://www.blogger.com/profile/07897381809885423712noreply@blogger.comtag:blogger.com,1999:blog-8031824543370830642.post-57412598130560245882008-01-25T21:42:00.000+11:002008-01-25T21:42:00.000+11:00LOL!!! Oh yes...:)LOL!!! Oh yes...:)Plonkahttps://www.blogger.com/profile/01552546816593027504noreply@blogger.comtag:blogger.com,1999:blog-8031824543370830642.post-60458866428763274622008-01-25T17:29:00.000+11:002008-01-25T17:29:00.000+11:00Why do the Irish call there currency the punt?Beca...Why do the Irish call there currency the punt?<BR/><BR/>Because it rhymes with... bank manager.Sean Wrighthttps://www.blogger.com/profile/14485575602984697926noreply@blogger.com