0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif, y/ D6 a+ i  o* g" a
Why bank will sell 借據給第三者???
) r0 _! B7 `& F; V9 Z% ~4 O7 O, V0 `1 `I was so confused.....

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講到尾都係賺錢) e" ^' d) l3 m; U; E
so銀行可以不斷放款" @: F  Z' P  E9 P  `: i' b+ |6 B
美國的房貸問題散佈到全世界
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mortgage loan - E: r+ j/ [, X8 M
>conduit
4 e5 l0 U9 x' I1 n. j7 _' g1 _% Y>RMBS(Residential Mortgage Backed Securities)
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>CDO(Collateralized Debt Obligation)
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Kev

i thought it is the reason of rate of return.# s  Z5 a# K; @- Q/ @$ m! P+ d
CDs could have different ratings, AAA -> F,
# i: b/ }. Y* _( cmore risky ones would have higher premium (interest rate) as a compensation for an investment.
* z; E2 f& y. ^1 f" o+ U7 o* ^main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,: d' L9 I4 g3 [1 Y8 [2 o$ K8 X
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
. {3 n9 i0 c: J5 P& t, ZAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.. X- F! O- b* n: y8 g, N1 r
similar to bonds, CDs trading in the secondary market have different value at different times,
2 s+ @$ ~! D1 e- Knormally the value is calculated by adding it's principle and interest. , p! o: {# r) E( {  E$ L
eg. the value of the mortgage+the interests to be recieved in the future.
* c! l) ^8 X6 g* Q; ?+ abanks 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.
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, A/ [" o: |8 a  H) t* u0 z- `im not quite sure if the multiplier effect does really matter in this case.
. h4 x; w8 D9 m* K; N" Q6 Lin stock market, it's the demand and supply pushing the price up/downwards.
) S; h1 P$ {+ oFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,: }: {5 E% E1 O/ }/ ]
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction., d7 C% F' O3 c: f/ p; Q
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.
( [, \; t$ o: F1 h5 Xbut the value of their assets did really drop significantly.8 g* F/ C7 L% t. l. w1 i
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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
2 B8 V% ~! g- c8 J* ^Refer to last example,, G7 x0 G9 u2 m% J: X
that means bank A have no money because we borrow 10 dollars from bank A
* C* [' |3 J# u* C% K! ?Because bank A doesnt have enough cash on hand
+ G( c+ _8 X* R6 C  ~% ltherefore bank A need to be bankrrupt ??? Am I right ?? ...

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7 A, @0 E- |0 d0 M# b3 v- _, D2 }A->B->C->D->E
# }! V- f# r# g2 Wso does it mean if E failed to pay D, . f0 r$ t, I& w5 A- s
all the B,C,D,E have to go bankrupt?4 a; q# R3 g+ A& a
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- X3 T* G3 s7 v$ g3 A7 }the multiplier just tell how much money created in a whole economy, ; W1 c$ s1 @$ ~! I
in this case it doesnt really matter how much money is created, # I" N$ e7 z! t' G
it's the problem of the debt itself.3 G* t$ c: ?/ r  Q3 Q, S: b4 Q
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.gif8 t! A6 @2 Y# Q4 T/ x8 C
小弟一直都唔明...5 j% h5 E9 }7 h0 A% L$ g  s' Q2 v/ C; x
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全世界都蝕錢，咁邊個賺緊錢呢?
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+ A) o) T2 v7 p% ~! @, a- d, N無可能淨係有人蝕錢無人賺架嘛...$ F, b! h* F* O- \& A. L5 S! R
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敬請各師兄解答* k7 e+ t' ^1 b+ W; A0 d0 f
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Thanks

" |, ?2 `6 p, H: {% N, S那些根本係 紙上財富    b, o4 N6 t" K: {. M( s+ \
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( P5 h* E8 t% T" G2 X, S" W: o
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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
1 f! P# i0 W/ H" k; g1 X當經濟好,投資銀行相信會賺錢, 物價既估值相對較高
; I8 N' N+ f" C0 D, C5 Z  m5 P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
; X2 c# L0 k0 q( T/ i個件物價係市場好既時候升, 例如15%先算,變左12蚊啦8 p- v1 k( B! a$ y! s1 a4 ^
扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,( w, t! {1 |0 f. h
計番回報率就已經係50%,所以可以好好賺$ d8 |3 e: O7 i+ P) d3 K- L
前提係銀行之間要互相信任先可以咁樣借法
' ]; h' ?9 Y( b4 v. y* y% u7 C同埋個市場既前境要係好先得
% e1 ]9 F4 R! P$ o7 u但當經濟一差,公司估值趺了,物價不升反趺
8 P+ E% Q( j* ?2 w6 D1 j例如剛才說10蚊的, 趺到得番9蚊, # m4 @) _+ A1 e# @& u3 p! B
咁投資銀行一下子就要還11蚊, 一來一回變左虧200%
$ R& g0 Q9 ]4 c' B/ n- S0 T" R! f所以你就會覺得D錢好似蒸發哂咁
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你都可以當標野咁諗, 個樣野多人可以狂升值,
+ O) s7 u$ J7 z7 L" X# L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,
( W9 a0 T* |7 p- P淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, % l( f, J2 |; g  c: t' k, J: b
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
! d8 w. l$ O' g2 u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
8 {* r! Z# i0 M, q- O唔係d錢蒸發, 而係比美國佬洗晒未來錢,
5 b) w3 m0 i! A4 @" P9 P淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, 3 Q" i1 u  o* P( M4 E
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' \9 F4 ?5 z! H/ L% l7 ?
咁你話d錢蒸發左去邊? ...

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正係咁樣1 s: f9 s% s9 z, 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' F! [  d1 V2 g2 ^  z3 ]
分分鐘佢地唔使還錢  M1 ?  `4 c) e. s  Y
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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,7 z+ K2 z5 t, z' M6 `( t
連國家都係問人借, 不停發債券, 印鈔票
) S& T* Z  _. ~9 I! W! \5 I' O一個國家好少出口, 而又大量入口 ,反映到佢唔多生產) p: [: c8 m2 b0 p
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# i" \  C$ _  l+ s. V
咁而家"爆哂煲"算唔算先至係變番"正常"???

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- C7 a: z9 @3 ~& l其實係...) x* p- p3 ]6 b5 D: J
因為以前未生產, 先消費3 E, m- Z+ f7 Y
而家就要多生產, 少消費