0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
7 b4 f' m5 F- h2 [Why bank will sell 借據給第三者???
9 ^8 _) |  f, G; Y9 mI was so confused.....

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講到尾都係賺錢
) N/ `  ~: E1 W5 C2 zso銀行可以不斷放款
+ z! z7 e3 k1 p' k9 e) I% W美國的房貸問題散佈到全世界
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' o: ^  F0 W% ~mortgage loan 0 E* @% ~$ h) [3 E: r$ e
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>RMBS(Residential Mortgage Backed Securities)
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9 p* k, {6 x, \% Q>CDO(Collateralized Debt Obligation)1 B2 M9 d2 R0 R& }
最後去到投資者

Kev

i thought it is the reason of rate of return.
1 e( b( ^3 p' c4 S( c. ^, SCDs could have different ratings, AAA -> F,
8 }1 a- z; j$ ^5 X( ?& G8 c7 O7 \more risky ones would have higher premium (interest rate) as a compensation for an investment.
9 D/ X: J3 c  z: \8 ~main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
! E3 ]$ a- y: K8 a/ Win other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
9 u# l; c% I; c# h. j8 rAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.2 K* r0 V1 v) c) W
similar to bonds, CDs trading in the secondary market have different value at different times,* n. K0 ?- H$ Y. `" V  J
normally the value is calculated by adding it's principle and interest. : H2 p. K7 t. i  C! g. l, Y
eg. the value of the mortgage+the interests to be recieved in the future. - O; p, K* U$ t
banks who sell the CDs, could enjoy a few benefits like, the present value of cash and passing the risk of holding a debt to another party.) X0 V: o& s4 X5 z9 p: a" i2 ]5 k

* k. `5 t3 Q! Q1 vim not quite sure if the multiplier effect does really matter in this case.
/ _. K  J% _  ]; \4 s% a: [in stock market, it's the demand and supply pushing the price up/downwards.- @2 O" u: T: A3 p/ \/ d* q. a
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
" s1 ?7 V! w  NA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.8 D7 j! V8 @9 ~7 z2 c
The capital loss that ppl suffer nowadays, i believe, most of them does not really suffer a real $ lost yet as long as they dont sell their securities.
0 [! M) e" C4 {8 {# K" Cbut the value of their assets did really drop significantly.
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[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ]

Kev

原帖由 balachiDavis 於 2008-10-8 04:09 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
4 k" s# M( J) u( V+ V  p: H. k6 }! HRefer to last example,9 p- r: d- f/ e7 j- [) i; J4 H
that means bank A have no money because we borrow 10 dollars from bank A
( H+ b: j1 m% N5 z! C8 d! d" ?2 TBecause bank A doesnt have enough cash on hand
3 k! c% D! H# ^6 Xtherefore bank A need to be bankrrupt ??? Am I right ?? ...

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* L5 g2 @3 Z1 I8 qA->B->C->D->E8 n' l  }$ X& O6 b
so does it mean if E failed to pay D,
/ I3 a9 F! F. [/ Y5 s' K5 u( ]all the B,C,D,E have to go bankrupt?% B+ o- K8 t" t

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the multiplier just tell how much money created in a whole economy,
1 F5 C. W  p, ?. ]8 Y" z1 Lin this case it doesnt really matter how much money is created, . o3 N% N$ m+ ]; K, N- ^  [
it's the problem of the debt itself.6 T2 D% a( `2 a' }$ X# T4 d
the debt(securities) is bad, faulty, that harmed the whole system.

benny1219

原帖由 kerr12ca 於 2008-10-8 02:44 PM 發表 http://www.26fun.com/bbs/images/common/back.gif" o3 E: p3 O% \
小弟一直都唔明...- c3 y: ], ~. Z- i" {
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全世界都蝕錢，咁邊個賺緊錢呢?
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無可能淨係有人蝕錢無人賺架嘛..., W& G2 D5 ^5 g+ O% Q# o
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敬請各師兄解答
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" d) p; ]# C  J2 `& PThanks

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那些根本係 紙上財富  
) N( s6 l2 ?8 h6 I& V' E$ L各式各樣的證券被炒到上天 你一樣唔賣那筆錢永遠都不是真的存在

qulapo

with regards to the current crisis, Chain of fools does a reasonable job of explaining what happened with a nice graphic- E' p- w5 h4 J9 `- N& f
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http://www.thedeal.com/newsweekly/images/100608_NWleverageFloChrt.gif

fderek

其實個D錢係你可以當係虛擬資產3 U$ V- I" E" D- `4 u
當經濟好,投資銀行相信會賺錢, 物價既估值相對較高
  Y: O0 w" _" a$ Y7 [/ ?1 F於是投資銀行就去搵銀行抵押借錢投資, 打個比喻1蚊既野借10蚊
5 M; ^% F7 a1 D6 L% k$ Z# ?個件物價係市場好既時候升, 例如15%先算,變左12蚊啦3 e5 Z8 {% a6 E3 e
扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,
# V8 j* j  F2 O: ?計番回報率就已經係50%,所以可以好好賺
4 {5 x% V' F. K9 I. [$ n+ E- _前提係銀行之間要互相信任先可以咁樣借法0 t3 h6 a7 c( a* y) P' i
同埋個市場既前境要係好先得& n) T( `7 ?: C
但當經濟一差,公司估值趺了,物價不升反趺
9 W8 e; t2 j+ d# Y2 x9 p例如剛才說10蚊的, 趺到得番9蚊,
/ D/ g9 p8 \4 U5 o7 h; G咁投資銀行一下子就要還11蚊, 一來一回變左虧200%; @2 S& K/ j0 o  i
所以你就會覺得D錢好似蒸發哂咁
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; F0 g7 {$ H) F( j  s: B你都可以當標野咁諗, 個樣野多人可以狂升值,
7 W! _; j/ P) u. o& x但當冇人要既時候一蚊都唔值...中間D錢其實真係冇人話賺左~

kuru

唔係d錢蒸發, 而係比美國佬洗晒未來錢, ' H6 W( q! S7 V" D4 o4 t3 }9 C
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
8 j" g7 k- U9 {$ Q呢刻樓市爆, 原本冇錢買樓既, 又係問銀行借但又唔留錢供, 既然冇錢還比銀行7 o" O6 I0 L& Q
咁你話d錢蒸發左去邊?

fcukyoukelly

原帖由 kuru 於 2008-10-12 05:08 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
5 v1 v) G4 u2 D# _唔係d錢蒸發, 而係比美國佬洗晒未來錢,
: Q) ?8 W- r0 a淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, 3 R5 b( i2 w- u& F: [
呢刻樓市爆, 原本冇錢買樓既, 又係問銀行借但又唔留錢供, 既然冇錢還比銀行  ~; G" T! C, O
咁你話d錢蒸發左去邊? ...

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+ f0 K! i# T: H# @正係咁樣
7 m- R. r: i) f  N其實, 以個人立場去睇, 美國好多市民都唔怕銀行/財務/投資公司結業
6 o' m. A, X$ ^分分鐘佢地唔使還錢
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再講, 美國人先洗未來錢應該係世界第一, 唔知點解無錢都可以買咁車買樓,9 s9 a& C# c9 c8 U0 A) Z0 L
連國家都係問人借, 不停發債券, 印鈔票, B; l' R7 C- |. s6 O
一個國家好少出口, 而又大量入口 ,反映到佢唔多生產+ F& I6 T0 V* @  f+ f
編編唔生產又使用物品使用得最多, 美國就係咁既情況

Jk

咁而家"爆哂煲"算唔算先至係變番"正常"???

fcukyoukelly

原帖由 Jk 於 2008-10-22 02:15 AM 發表 http://www.26fun.com/bbs/images/common/back.gif
( [( b! K9 V5 I0 F  n咁而家"爆哂煲"算唔算先至係變番"正常"???

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( X  c, o- r7 o3 s% g! Q/ T( [其實係...
9 d$ h- H! E% z0 e2 o* ^. S/ T因為以前未生產, 先消費
% m* n- ?8 U0 ^而家就要多生產, 少消費