0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif  X$ M6 t; N% U( |/ C7 \; {$ q8 p
Why bank will sell 借據給第三者???
4 V2 g7 K) w. s: k9 I; v; DI was so confused.....

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6 j8 H' U7 t/ v: R( f# a% {' o# V講到尾都係賺錢
; n0 {0 i. L' `, u5 H- n6 Yso銀行可以不斷放款
$ E/ W: H- |7 h. @% U美國的房貸問題散佈到全世界. p, r* y6 X; A

' {7 a" Y  c- ?( T0 Omortgage loan ) k' B; [) q9 R9 Q
>conduit+ i7 j7 F# N5 v- H3 W- q% Y
>RMBS(Residential Mortgage Backed Securities)
' a$ b( c5 G0 [0 q5 h+ U' ^>arranger
6 d. P/ {8 q! \# _, w' V8 Y3 i: @>CDO(Collateralized Debt Obligation)% e; C. t9 E5 p! d3 e
最後去到投資者

Kev

i thought it is the reason of rate of return.2 F$ V( D. m7 M( p' K
CDs could have different ratings, AAA -> F,1 I: L' A7 l; f1 s6 p, [; a
more risky ones would have higher premium (interest rate) as a compensation for an investment.
& j" E) Q+ M# fmain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,$ O1 e8 t4 Q. r$ k# z: E/ o
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities./ K: y9 l' v5 }+ r1 S- x- w5 p
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
% ^- j) y6 a9 _% Q# K; o; G$ ssimilar to bonds, CDs trading in the secondary market have different value at different times,- r% U. n# M6 C/ N! S
normally the value is calculated by adding it's principle and interest.
. _5 Q4 T) |' H- _* Z! f% Veg. the value of the mortgage+the interests to be recieved in the future. : ~5 E, c. o' v9 C" b
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.. i9 p) h, ~" k% ]4 J  e8 S- Y
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im not quite sure if the multiplier effect does really matter in this case.
- R1 Z8 w7 w6 `6 o) s) I( k/ T4 _  l# bin stock market, it's the demand and supply pushing the price up/downwards.. k4 A$ F4 s' |; A8 x& `
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,/ D- l) l( c$ e' o. A  @" |
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.  j, q7 x9 w& @% I
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.
& X8 g3 d# q/ R+ E& G! ^) |but 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) t! D6 p, z0 s  f6 y: Q' t& y: y. @$ O
Refer to last example,9 U  I3 J: j2 x
that means bank A have no money because we borrow 10 dollars from bank A
# m, w# {* ]  Q$ e8 w, R2 [Because bank A doesnt have enough cash on hand
) l. F8 T1 i+ J1 j0 otherefore bank A need to be bankrrupt ??? Am I right ?? ...

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A->B->C->D->E5 q6 H( p8 c' W& V
so does it mean if E failed to pay D,
% t3 R6 Y4 Q. f5 Sall the B,C,D,E have to go bankrupt?; f1 N; {. l+ [, F3 S; N, e
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* r/ X6 E) n4 I& J/ ~4 j* t* {the multiplier just tell how much money created in a whole economy, : s2 Q' W6 `7 _6 W
in this case it doesnt really matter how much money is created,
" W$ N/ P. R  [it's the problem of the debt itself.
* E$ e5 B2 R) F* w* gthe 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
1 g9 h2 H# e  T3 M. p小弟一直都唔明...
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; B; U& G' \9 S3 g$ o6 _! `! ]$ l全世界都蝕錢，咁邊個賺緊錢呢?
3 Z1 w1 F/ X4 b3 I% Q4 J, X/ \
無可能淨係有人蝕錢無人賺架嘛...
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敬請各師兄解答
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$ [1 r- |% E* q" T' }- B& XThanks

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那些根本係 紙上財富  
# L  y, j. w( ]/ H0 Y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$ `4 ~, E4 @. _
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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4 @9 J# G* J1 g! a& I( J$ _) L
當經濟好,投資銀行相信會賺錢, 物價既估值相對較高8 H# U% l( U  _& O  n. T/ ]( l
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
$ A2 f9 x; M1 K個件物價係市場好既時候升, 例如15%先算,變左12蚊啦
* g; g0 g* {1 t; G7 J扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,4 w3 F+ E! S9 m* F" t' P
計番回報率就已經係50%,所以可以好好賺
+ G* H, }7 B. q& r+ y前提係銀行之間要互相信任先可以咁樣借法
" {5 C) b9 i: z5 Y4 ]# T5 d4 x; j同埋個市場既前境要係好先得
8 s+ I3 }: x% i但當經濟一差,公司估值趺了,物價不升反趺& H! m1 z- W# h2 l
例如剛才說10蚊的, 趺到得番9蚊,
# _( a' l+ s9 E1 }! R( S) e咁投資銀行一下子就要還11蚊, 一來一回變左虧200%
" e) @$ @( m- `8 k7 C6 l所以你就會覺得D錢好似蒸發哂咁1 T8 Z- ~, L0 P: [' F
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你都可以當標野咁諗, 個樣野多人可以狂升值,
+ t* |; n; y" h' s( F/ o( A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,
. y. H. m" D5 f淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, 9 h! J" c( V- S0 n
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/ X2 L( A# Y9 l
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
2 P; ~$ K" F& g9 `% V唔係d錢蒸發, 而係比美國佬洗晒未來錢,
4 M) o: G7 S; |% d淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
  u! N' u" o: a) L" K6 r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6 R+ {! B3 ]- {5 H' U, |# A. L' f
咁你話d錢蒸發左去邊? ...

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6 ^  a  m5 c; c/ t正係咁樣6 x, r& O* }4 U1 N; ]: f9 _. D
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
" p- f+ b7 ~( i3 a; V% r. }分分鐘佢地唔使還錢& x  A7 c, @* d* q/ F% V

  i# M2 c. M% G' i3 P* u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,
# P$ a- b4 b; i- G8 Y$ s連國家都係問人借, 不停發債券, 印鈔票
9 y/ w, r0 b/ i一個國家好少出口, 而又大量入口 ,反映到佢唔多生產8 Y$ o7 r5 }5 M; }/ w& O( r
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
  U* I" D, }, O8 I1 l8 e3 o咁而家"爆哂煲"算唔算先至係變番"正常"???

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其實係...
5 W, Q0 N% K+ f# [因為以前未生產, 先消費
3 ]# O/ c, O! O$ t, u' ^4 _. c而家就要多生產, 少消費