0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif* @% s* V8 [2 W! \9 A
Why bank will sell 借據給第三者???
! X$ h* R2 _4 X* X0 X) d, Q: _I was so confused.....

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講到尾都係賺錢
7 F* I2 d' W; m0 l1 b6 |7 T2 dso銀行可以不斷放款: I1 @$ ^; d" k' H- K. Q
美國的房貸問題散佈到全世界0 F8 M3 L; Y$ L& k- g
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mortgage loan
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>RMBS(Residential Mortgage Backed Securities)
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>CDO(Collateralized Debt Obligation)
# h( J# u4 c2 L/ |) g0 _' R. o4 H( f最後去到投資者

Kev

i thought it is the reason of rate of return.
0 S* o; U2 E. L! c7 ]# Q4 jCDs could have different ratings, AAA -> F,2 x2 ]' b# Z3 X" C
more risky ones would have higher premium (interest rate) as a compensation for an investment.8 ?# b6 e+ T1 s8 I; n: E
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,' {4 z+ S. c$ E) k* U/ q
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.! A; k& h; S# L2 V
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
& q, M% F, Z4 A5 nsimilar to bonds, CDs trading in the secondary market have different value at different times,
7 N$ A7 [5 u  A( u8 jnormally the value is calculated by adding it's principle and interest.
! x! v' X' @7 I2 feg. the value of the mortgage+the interests to be recieved in the future.
' Z7 v+ l% H+ f- F# r8 zbanks 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.6 }& D: _" [% j1 B% {

" M: p/ }" b0 ^! ?/ l; X8 ~& Bim not quite sure if the multiplier effect does really matter in this case.
  n8 ]  N: B. Z3 I6 pin stock market, it's the demand and supply pushing the price up/downwards.4 D- _9 k% p1 q+ X3 J
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,$ Y6 J3 m& A- E+ n6 ?! K
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.& Q4 i4 _1 O( @5 R) p; B* g
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 c0 r% X" y) d9 d; K
but the value of their assets did really drop significantly.
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9 q1 F# ?7 F8 y  ^[ 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
! n4 s, t& Q4 J! SRefer to last example,. [+ Y' b/ q5 A% t# M
that means bank A have no money because we borrow 10 dollars from bank A 9 x: o! p) h6 v' p& C. Z
Because bank A doesnt have enough cash on hand
6 }1 r0 I$ W( ^; Y' T- Q- q5 Utherefore bank A need to be bankrrupt ??? Am I right ?? ...

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A->B->C->D->E5 d3 M7 R) z- I9 l  P
so does it mean if E failed to pay D, 3 i, `$ U2 v7 l; h
all the B,C,D,E have to go bankrupt?
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the multiplier just tell how much money created in a whole economy,
$ H" w# C2 C) oin this case it doesnt really matter how much money is created,
9 _* c; K+ S0 ]# `, ^, [' uit's the problem of the debt itself.( y6 s: P- c9 {$ D9 ?3 ^& 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
4 x) V- z  Z% G5 g7 P小弟一直都唔明...
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全世界都蝕錢，咁邊個賺緊錢呢?8 a5 G; ?% L. q! F4 `
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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, w# ]5 b, F0 B! C% L% W
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Thanks

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那些根本係 紙上財富  . C, s# I9 j/ E& ?. B3 j+ r% O
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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% C' j- `  b2 _& e9 ^7 n+ Yhttp://www.thedeal.com/newsweekly/images/100608_NWleverageFloChrt.gif

fderek

其實個D錢係你可以當係虛擬資產2 v# y" f# T3 A! p" p4 k
當經濟好,投資銀行相信會賺錢, 物價既估值相對較高, E6 l1 U, F$ x& Q3 p+ h
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
4 v7 N; W7 H) o. g3 E$ r+ S  _個件物價係市場好既時候升, 例如15%先算,變左12蚊啦
* c+ v) l2 U9 c- H$ _' I: `扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,& Y. l; T3 U9 z
計番回報率就已經係50%,所以可以好好賺: @& i6 e$ R1 ~6 c
前提係銀行之間要互相信任先可以咁樣借法$ s9 s; p$ s9 N- L
同埋個市場既前境要係好先得( P: }9 S; c5 T: O' ?
但當經濟一差,公司估值趺了,物價不升反趺
/ I8 i) P) [' d( z' O% n例如剛才說10蚊的, 趺到得番9蚊, ! l9 r4 @: O4 T
咁投資銀行一下子就要還11蚊, 一來一回變左虧200%
2 K; F4 O& l- @- K& ~/ ~所以你就會覺得D錢好似蒸發哂咁0 k% [# l* s8 O4 ]4 W. s5 Y
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你都可以當標野咁諗, 個樣野多人可以狂升值, * R6 O# I" z8 o# H9 I
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,
. @8 e# D& C; M& H; B淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, # b8 M+ [& A( k) g4 r- Q7 K& C
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
. ^+ `2 c* o  u4 K: h- Y) \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- p2 H* g% _! Q
唔係d錢蒸發, 而係比美國佬洗晒未來錢,
! c2 ?: h! E( d' m% Q0 q! `淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, * G' O. Y0 |* O
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 k. m% l. A2 f1 w( H' q. _* r+ Y
咁你話d錢蒸發左去邊? ...

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正係咁樣
! ?  x2 P* }( ?6 J5 K5 A0 ^; r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/ w7 H! N6 @1 d1 M, T, \5 b8 x6 D
分分鐘佢地唔使還錢
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5 i- J# p& z( S1 n. x( t+ a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 `, q0 g6 b9 q0 ^8 `. `% A連國家都係問人借, 不停發債券, 印鈔票: ?& x& O+ r$ |- H% X6 s
一個國家好少出口, 而又大量入口 ,反映到佢唔多生產' c! ?# ]" @, K: u
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( w9 |- G% z$ O0 o
咁而家"爆哂煲"算唔算先至係變番"正常"???

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! q, }( r3 [+ m其實係...
% F2 H+ J, a* y. d因為以前未生產, 先消費
6 j4 ~  U9 K3 Z; L9 L) o2 ~而家就要多生產, 少消費