0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif# |! A* f/ y% w# @  j  W, p, X
Why bank will sell 借據給第三者???
/ u6 r/ s" O1 o- t6 x# Y7 BI was so confused.....

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講到尾都係賺錢
6 R0 ?" E- |  ^2 R, d& `so銀行可以不斷放款
* \8 i- A1 X$ M# P4 K, _, t美國的房貸問題散佈到全世界
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mortgage loan
5 p+ g; @; _( \>conduit0 {$ ^  y% D2 b( u- w
>RMBS(Residential Mortgage Backed Securities)
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>CDO(Collateralized Debt Obligation)# s" b2 G* C6 X' G
最後去到投資者

Kev

i thought it is the reason of rate of return.9 I$ G% r& P) G' g( E- u
CDs could have different ratings, AAA -> F,6 u0 M- X; A) h# K+ r5 F. u
more risky ones would have higher premium (interest rate) as a compensation for an investment.) J. G4 T9 o, w$ l  I
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
# q5 P$ V9 |7 X# u: Min other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities." g' f6 j* x! M& Q' q+ ]
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.; d( y/ H$ I8 c; E2 m* V$ X
similar to bonds, CDs trading in the secondary market have different value at different times," W+ c7 V2 z$ Z, C
normally the value is calculated by adding it's principle and interest. ' \! i- e  `0 J7 S& t3 R
eg. the value of the mortgage+the interests to be recieved in the future. / r4 H3 b; g# {3 J
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.
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5 Y( o: w9 f" }! k7 Aim not quite sure if the multiplier effect does really matter in this case.& b$ \5 X5 n1 r9 `% x- a
in stock market, it's the demand and supply pushing the price up/downwards.
) v- T2 t4 t0 V9 u5 I% JFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,+ ]! ]" X) M; {  H2 p% Y
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
2 [4 \  d) q3 R8 _/ S; X7 ^( s9 {, P; }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.
6 n( v: Y  G0 G" ^but the value of their assets did really drop significantly.4 b( N1 D8 v" H; f6 V; o5 J' v: Q

+ x  Q7 a7 ]0 y( R6 A/ K5 B[ 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- w. l+ N) {2 [7 c& W; i
Refer to last example,
5 ]6 T. ?( W+ a, d: A6 \that means bank A have no money because we borrow 10 dollars from bank A " j( e( J& d) K1 w4 Q" t
Because bank A doesnt have enough cash on hand - C4 L) r$ o/ q! {4 U
therefore bank A need to be bankrrupt ??? Am I right ?? ...

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A->B->C->D->E
7 p1 e2 |6 S& C1 F0 Xso does it mean if E failed to pay D,
  r7 d* [  f/ Y8 Q, j$ tall 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, 6 L$ \5 J9 Z; L6 o
in this case it doesnt really matter how much money is created, & \4 D7 ~/ S+ `2 j1 \# l
it's the problem of the debt itself.4 O* Y2 g" S5 {& M4 F+ t" s
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" s# H2 W! b. q5 g- v& h* r
小弟一直都唔明...
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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...+ G$ Q+ d! O; R9 r4 f+ q7 m

/ z/ o: T( r9 \2 }. V) P敬請各師兄解答& O. F9 C7 I6 t

6 b- Y% S; Y! S8 tThanks

! z7 X3 {; e8 Q6 j% I" [那些根本係 紙上財富  
- P' w2 s) Z6 @7 @* ?0 N( S+ n$ _. 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 graphic1 S9 }6 L- G; w

5 X! v( R& A0 C/ T. C/ zhttp://www.thedeal.com/newsweekly/images/100608_NWleverageFloChrt.gif

fderek

其實個D錢係你可以當係虛擬資產
$ F3 a! R, \/ }當經濟好,投資銀行相信會賺錢, 物價既估值相對較高
5 B! E9 r# a1 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. t* l" l' Q0 c" L2 Z
個件物價係市場好既時候升, 例如15%先算,變左12蚊啦
7 a, v, r& _( X( b* R* ]扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,
% w4 I* f' _. h) D3 N7 ]7 v- k計番回報率就已經係50%,所以可以好好賺$ X7 Q) Z' @; O4 m1 f8 [+ b
前提係銀行之間要互相信任先可以咁樣借法5 O$ m* e$ l! ?
同埋個市場既前境要係好先得7 W2 }8 ?3 ^9 I1 \; q
但當經濟一差,公司估值趺了,物價不升反趺
; X( G9 O4 j7 `1 q% v+ Z例如剛才說10蚊的, 趺到得番9蚊,
* ~9 S+ ?; X# n3 ?1 t咁投資銀行一下子就要還11蚊, 一來一回變左虧200%
) b8 f" L& }) K) b) l" D, y所以你就會覺得D錢好似蒸發哂咁2 @( ?. j3 y! c' @6 w% q

+ N$ |8 m. \" O9 M. n! Y你都可以當標野咁諗, 個樣野多人可以狂升值,
$ P6 h+ F1 a% o5 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 N* \- j+ z9 {% e淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
/ Z* S# J% ?0 b( [4 d" I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$ U1 q3 W, L6 [6 h
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
/ o' I5 H8 z, ^& }' u唔係d錢蒸發, 而係比美國佬洗晒未來錢, 8 B3 k, ^! `" s0 M( i  g" r
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, / Z+ p  }! S. j& m0 [
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
" e5 `: G( N' X  C. j咁你話d錢蒸發左去邊? ...

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8 F: B% u* D6 Z, C: `正係咁樣% l! T2 W) Y* [5 k, }3 h0 ?2 M
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+ j, f; @8 }2 s- Q/ V
分分鐘佢地唔使還錢7 o  w1 F& n) Q2 ?

: e) Y3 u4 R  c, U$ U& V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,5 Z/ ^7 I) B( K4 R5 [, l
連國家都係問人借, 不停發債券, 印鈔票
6 |$ O+ }5 Z: |% W% n& K一個國家好少出口, 而又大量入口 ,反映到佢唔多生產6 W! y3 P! t& X! {; E- _& d
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
  Z9 h+ S+ b' L7 E5 y$ e咁而家"爆哂煲"算唔算先至係變番"正常"???

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其實係...$ x- y* R5 m) P" G& d, j1 A
因為以前未生產, 先消費/ z4 y# ^2 h' P$ z/ L
而家就要多生產, 少消費