<<新主題 | 舊主題>>
娛樂滿紛 26FUN » 吹水版 » 全世界都蝕錢,究竟d錢蒸發左去邊?
返回列表 回復 發帖
原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif4 i8 `1 M- w' R& B9 v1 X) |2 }( Y
Why bank will sell 借據給第三者???6 Q6 [0 Y: U& j: ^
I was so confused.....
2 o( M# a2 g. x$ d
- r* U; G* G! G7 {( j' b9 K+ v講到尾都係賺錢
6 R# i; M, ]& Cso銀行可以不斷放款
8 J2 W. d) c  }8 {; N6 F美國的房貸問題散佈到全世界
- r. ]& {" a! r) Q  l) ^* S. @" L3 S( `% r  I
mortgage loan
& J; f2 S/ `" _" x* o5 u. k>conduit; \, O9 g' t5 a; _1 t4 [  _
>RMBS(Residential Mortgage Backed Securities)/ {' v% M: i8 e3 u
>arranger& f& s3 P5 x& }$ K- \# ~2 D8 v
>CDO(Collateralized Debt Obligation)) z+ w. Q* T) g
最後去到投資者
i thought it is the reason of rate of return.
4 c4 w( O0 w$ `4 u) T, y+ X  F: dCDs could have different ratings, AAA -> F,
. e/ u$ `6 j4 M- k1 X; K0 Xmore risky ones would have higher premium (interest rate) as a compensation for an investment.
* o' M) |  c8 e/ J& [main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,' d5 Z; ]% G2 W2 L
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.3 H* U8 ?( y# p) V+ `$ y
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
6 ]- O8 M& E2 K/ ?0 Msimilar to bonds, CDs trading in the secondary market have different value at different times,
: o  ^* z% A/ a) `- U3 Vnormally the value is calculated by adding it's principle and interest.
: z% S0 r6 P, {: p7 Peg. the value of the mortgage+the interests to be recieved in the future. . J, g: ]8 ]6 ?6 S( {( `3 z
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.
  H+ @+ |. X! H: o! C, V. A
6 U9 s" M! G3 Y' a$ ^2 ~3 X$ j, {im not quite sure if the multiplier effect does really matter in this case.1 s* ~- o$ e, F4 I3 g- `4 J
in stock market, it's the demand and supply pushing the price up/downwards.
& i; i2 e$ a6 v$ c9 P, K, A+ _For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,5 l4 e: l+ c0 p% ]8 Q2 ]/ a4 Y
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
# \0 A7 x4 W4 _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. / `7 x% J; ]; I% O- J
but the value of their assets did really drop significantly.
: ~8 i# t6 I5 C2 P' K; G8 j0 l$ c: ~. B7 }
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ]
原帖由 balachiDavis 於 2008-10-8 04:09 PM 發表 http://www.26fun.com/bbs/images/common/back.gif9 E; Q0 `' i, u
Refer to last example,7 S9 D- G2 J" u( m; r
that means bank A have no money because we borrow 10 dollars from bank A
; E5 ^" A( M$ ]Because bank A doesnt have enough cash on hand . c. X: O* y/ u: e6 L; R
therefore bank A need to be bankrrupt ??? Am I right ?? ...
- `0 k- y- N5 u( H8 ^6 y* G  Z& i

" J( ^' M  |. C' Y( ]' n2 L: E; ~, I, l8 o
A->B->C->D->E
, I/ f5 `/ z7 Z% ^/ W3 Sso does it mean if E failed to pay D,
" Y) {: x$ d# N" f: Pall the B,C,D,E have to go bankrupt?
) x( L  k4 u* h' C5 U2 U) n
* ]. f  [" Z/ R9 V' \) |+ z3 Z7 w
# f! ]! t% L% w$ i- Pthe multiplier just tell how much money created in a whole economy,
. D! c( H' r" Ain this case it doesnt really matter how much money is created, # T. T6 `* j2 d& e' D
it's the problem of the debt itself.
# D+ ?% E+ A9 n* Q. `the debt(securities) is bad, faulty, that harmed the whole system.
原帖由 kerr12ca 於 2008-10-8 02:44 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
- Y( t+ M9 x& T5 X' R% m小弟一直都唔明...
' }! C# T& T2 E$ j! ?( |4 p
  |2 i$ T  J6 t2 E" |- M全世界都蝕錢,咁邊個賺緊錢呢?
7 M% Z2 S0 w5 ]* t
0 m9 Y1 l5 E% `& n8 c無可能淨係有人蝕錢無人賺架嘛...) {$ E# T+ z$ S9 O7 m1 i5 u, D
: q7 `. n0 ^- D% l& l$ a3 I
敬請各師兄解答
+ L9 W$ Q# a( G4 h% j% W
- }2 i* D9 Z1 y$ k' y3 YThanks
& B8 o. {3 P" n" Q那些根本係 紙上財富  
& c; V6 U7 f0 q' a+ ?  v- u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
with regards to the current crisis, Chain of fools does a reasonable job of explaining what happened with a nice graphic5 a: b! u8 @' W+ S- p

' o. S* }- R: ?7 a+ |http://www.thedeal.com/newsweekly/images/100608_NWleverageFloChrt.gif
其實個D錢係你可以當係虛擬資產
$ i8 \  y, a9 P- `1 R當經濟好,投資銀行相信會賺錢, 物價既估值相對較高
; R$ w: D8 M8 ]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
# R+ W# M) |" }7 l' x個件物價係市場好既時候升, 例如15%先算,變左12蚊啦+ D1 H9 ^6 l! t" m# S, e9 L& i8 |
扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,
, G# o7 ]. |5 q) U+ t& D5 b* A計番回報率就已經係50%,所以可以好好賺" v( O! K5 q8 m6 Z1 N
前提係銀行之間要互相信任先可以咁樣借法$ G+ F' L( x7 I- C8 U
同埋個市場既前境要係好先得" E9 E+ a0 l2 b- t9 D7 w9 q! z
但當經濟一差,公司估值趺了,物價不升反趺
8 f- j0 Z- W: U! M' K例如剛才說10蚊的, 趺到得番9蚊,
! n# z+ Q8 F" l" h/ P0 ^4 |咁投資銀行一下子就要還11蚊, 一來一回變左虧200%% d& A# C9 P7 w2 Q% r6 N
所以你就會覺得D錢好似蒸發哂咁0 ?0 E4 q' U7 ]0 ~& @
6 p& U/ H* _# {: o1 q2 V2 E
你都可以當標野咁諗, 個樣野多人可以狂升值,
+ G4 z5 b/ D  h% U6 @% i: D! E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~
唔係d錢蒸發, 而係比美國佬洗晒未來錢, ) w6 }# J; a2 A: A6 P+ M5 ^
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
2 Q; N/ k# a  r8 [  e7 f/ Q$ R; U% h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% e& b. |+ j$ j$ U+ V- l# T3 S, w
咁你話d錢蒸發左去邊?
原帖由 kuru 於 2008-10-12 05:08 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
; p* N% ~+ M4 T3 m- y唔係d錢蒸發, 而係比美國佬洗晒未來錢,
8 W% f( X  ?$ F4 i$ {; [+ z+ B淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, 2 a1 R5 s6 L1 m
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5 x6 z: Q) }2 ?3 U
咁你話d錢蒸發左去邊? ...
5 E( J9 L3 a2 E# s4 e* \
$ ~) A* H9 J3 q正係咁樣! V/ X. S0 l5 S; A# g
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
/ W8 r) z& _# `3 ]分分鐘佢地唔使還錢
% U, ?9 t( V0 q7 i* A) n, }6 j; n- z
2 Y- h" K" s% }4 v' C2 J9 I- E% l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,/ }4 l3 ?% L' b2 T
連國家都係問人借, 不停發債券, 印鈔票
9 G" s2 S1 Z8 w! r一個國家好少出口, 而又大量入口 ,反映到佢唔多生產- d( L5 l$ ~0 U+ n5 I$ j+ x7 l
編編唔生產又使用物品使用得最多, 美國就係咁既情況
咁而家"爆哂煲"算唔算先至係變番"正常"???
原帖由 Jk 於 2008-10-22 02:15 AM 發表 http://www.26fun.com/bbs/images/common/back.gif
9 Z( A: |8 z# W( W4 j# t. C咁而家"爆哂煲"算唔算先至係變番"正常"???
! I, s- @$ I0 y6 o

- l, R, J( t& a* g其實係...
- d3 I- p  g3 {: v6 ~7 i7 p因為以前未生產, 先消費/ _! ]) N9 s. o! p/ X" _
而家就要多生產, 少消費
返回列表 回復 發帖
<<新主題 | 舊主題>>
娛樂滿紛 26FUN » 吹水版 » 全世界都蝕錢,究竟d錢蒸發左去邊?

重要聲明:26fun.com為一個討論區服務網站。本網站是以即時上載留言的方式運作,26fun.com對所有留言的真實性、完整性及立場等,不負任何法律責任。而一切留言之言論只代表留言者個人意見,並非本網站之立場,用戶不應信賴內容,並應自行判斷內容之真實性。於有關情形下,用戶應尋求專業意見(如涉及醫療、法律或投資等問題)。 由於本討論區受到「即時上載留言」運作方式所規限,故不能完全監察所有留言,若讀者發現有留言出現問題,請聯絡我們。26fun.com有權刪除任何留言及拒絕任何人士上載留言,同時亦有不刪除留言的權利。切勿撰寫粗言穢語、誹謗、渲染色情暴力或人身攻擊的言論,敬請自律。本網站保留一切法律權利。