0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif' R" Y8 D. q% u7 N$ K
Why bank will sell 借據給第三者???
* s0 s6 ^. S+ ^0 k  `4 \" EI was so confused.....

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講到尾都係賺錢" m) T# _. Y- B4 I  g* m' a: x$ t5 J+ v
so銀行可以不斷放款
& k7 N# W' N% i/ P美國的房貸問題散佈到全世界
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mortgage loan
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>RMBS(Residential Mortgage Backed Securities)
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. O* |+ ^! }9 x0 u5 k1 a>CDO(Collateralized Debt Obligation): ]% u* u8 o4 x% U$ N( ^
最後去到投資者

Kev

i thought it is the reason of rate of return.
; y8 f: m/ Q/ a  j" d- |CDs could have different ratings, AAA -> F,& d7 L! Q3 X8 a% Y; D; x
more risky ones would have higher premium (interest rate) as a compensation for an investment.
. u. e0 K2 r# f8 ?$ E* A: Lmain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
( b: K. p* `9 V1 L$ u7 x. Lin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
3 P* V$ U: s8 ?1 rAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.) l( ^" `8 y; d* Z! E
similar to bonds, CDs trading in the secondary market have different value at different times,5 [5 g  |- j. g. X
normally the value is calculated by adding it's principle and interest. ; z) J. S6 }' @6 v
eg. the value of the mortgage+the interests to be recieved in the future.
% b% x7 f+ p3 c+ v8 \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.1 e! s# v0 G3 [: [: P9 ]! y& O

, W5 v. |) j" Q2 h5 D* L, him not quite sure if the multiplier effect does really matter in this case.
- A. r* P8 ]3 u6 d* I+ Hin stock market, it's the demand and supply pushing the price up/downwards.
1 o& W# _6 O2 I% Z, C1 NFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,: p/ W9 _2 s% |3 r
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
+ ]+ R, O" k" \% w: c0 IThe 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. 1 ^# |  e% Y1 E4 {2 {, d
but the value of their assets did really drop significantly.6 H4 ]7 }6 R( p; O
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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 m/ k( I1 Q( }* h; H8 J/ h; r; W8 YRefer to last example,1 G% E# C0 Y9 `
that means bank A have no money because we borrow 10 dollars from bank A
3 J  `& o' X" q; a: t4 rBecause bank A doesnt have enough cash on hand $ ]2 ^; ]* O" p3 r* y& i
therefore bank A need to be bankrrupt ??? Am I right ?? ...

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' C% i) t8 k4 c( s1 i+ \A->B->C->D->E
  D8 N2 K2 m' g5 g- |, Pso does it mean if E failed to pay D,
: d: Y2 c' m: w* d& q# k$ uall the B,C,D,E have to go bankrupt?
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2 m# V( m2 F2 @/ f7 P9 A* bthe multiplier just tell how much money created in a whole economy,
0 k% Y) H$ M4 a; Tin this case it doesnt really matter how much money is created, , e4 ]  c$ A) E6 `6 K; T4 b5 R
it's the problem of the debt itself.
2 Q* N# {" d* {8 }% O3 h; Bthe 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
) ~/ j) N; t  p( X8 a1 F6 l小弟一直都唔明.../ Y9 ?8 ~, U: R! F2 P
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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...
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) q0 C4 p( O9 I" b* x4 n" H敬請各師兄解答
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Thanks

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那些根本係 紙上財富  ) F* |) Z; Z) d; `' m  f
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
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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8 y% D, T" i5 _0 @  L; A
當經濟好,投資銀行相信會賺錢, 物價既估值相對較高
' U6 s, H( X& I7 y$ e# Z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) G+ H- S% W6 n5 {$ ?7 B% `! T
個件物價係市場好既時候升, 例如15%先算,變左12蚊啦# d( C" W( V" }+ F% ?: p5 r
扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,5 P; G. Y9 X! g# C- M
計番回報率就已經係50%,所以可以好好賺
9 ~+ j" V& m$ {) a, z- D/ W前提係銀行之間要互相信任先可以咁樣借法
! ?, I) q. |$ U6 k8 v6 r0 ^同埋個市場既前境要係好先得
6 B2 E6 ~* z* |9 G但當經濟一差,公司估值趺了,物價不升反趺
  c6 R2 C" Q) X2 C: x+ U例如剛才說10蚊的, 趺到得番9蚊, 2 Q$ c5 G* @; g8 g# k2 y
咁投資銀行一下子就要還11蚊, 一來一回變左虧200%: u4 _" f. H0 D3 H) 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,
" _7 H( c: o! s* l4 X! 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~

kuru

唔係d錢蒸發, 而係比美國佬洗晒未來錢, ' P9 q( v! F7 h6 P' f
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
# I3 W2 `. e9 \! N0 i; E5 |; D! _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
, D4 b& C, ^3 v8 W  \' @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.gif8 Z$ @, Y& e9 a4 d0 z1 o: W3 X
唔係d錢蒸發, 而係比美國佬洗晒未來錢,
8 p$ @3 x/ Q2 \* m6 `3 \/ i淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
# D+ j. W- p: Y4 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" R5 M# b. Z$ O" I
咁你話d錢蒸發左去邊? ...

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正係咁樣1 n/ F6 K( P+ A1 _3 J
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
% }7 m& T& Q' k& M$ f5 F分分鐘佢地唔使還錢
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3 N' m$ A# o( {, I9 q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,  W7 N$ H% j8 W/ d" G* P1 k
連國家都係問人借, 不停發債券, 印鈔票
* K/ @- v% ]& S' R9 s一個國家好少出口, 而又大量入口 ,反映到佢唔多生產
6 P# i9 v* v& ^. ^+ {9 `9 u/ g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
0 U+ A5 m0 D" m) H" ?咁而家"爆哂煲"算唔算先至係變番"正常"???

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( d- N9 T9 z( U, Y# T4 ]& w9 O其實係...
) x( q! x* U+ A9 {; r0 C& x因為以前未生產, 先消費0 S+ p! m/ L- C
而家就要多生產, 少消費