0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
3 b1 J6 W1 \6 n0 s; n+ BWhy bank will sell 借據給第三者???) n* n- g( H! L3 K+ P
I was so confused.....

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& i" L: s) g# L, V' b/ Z: E講到尾都係賺錢  ~3 Z3 T, l: Y+ `5 y1 p
so銀行可以不斷放款5 n- J' X! [- b' I
美國的房貸問題散佈到全世界
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mortgage loan
" ]( A+ u( @) y! ?' W: z; {>conduit
! U4 L! r& b0 L: ?6 M! b>RMBS(Residential Mortgage Backed Securities)
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>CDO(Collateralized Debt Obligation)3 ?9 B. U! ?# X) ~# n4 ^
最後去到投資者

Kev

i thought it is the reason of rate of return.) X4 A4 X. h8 f8 |% E6 Z# J
CDs could have different ratings, AAA -> F,7 f% {& h4 X- y$ T. J
more risky ones would have higher premium (interest rate) as a compensation for an investment.
+ \6 q0 J/ w2 ?- g. c/ |" Umain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
/ y5 Y) X: l7 k% y$ e; yin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.; Z4 q% r9 q3 G2 c9 B2 \
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.0 q7 b1 Q5 A' E/ [
similar to bonds, CDs trading in the secondary market have different value at different times,
# R3 M- W4 m, J  \3 X% V4 Bnormally the value is calculated by adding it's principle and interest.
' T0 `+ M9 P# e% Ueg. the value of the mortgage+the interests to be recieved in the future. - g, @! r: v3 K" @
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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/ A8 F# U6 q- m3 R' Gim not quite sure if the multiplier effect does really matter in this case.
1 O; u1 }% Q. [$ fin stock market, it's the demand and supply pushing the price up/downwards.2 t% n. Z: G+ o8 ~" i
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
- f# t% |# K5 o+ f$ @! i9 RA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
7 J: o6 W& _9 ^, }1 wThe 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.
9 x9 y6 u* n0 f7 v- I* Pbut the value of their assets did really drop significantly.! J3 Z& e/ y5 q9 B8 f
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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. x8 W5 T* g& @+ U# J% X6 X3 t
Refer to last example,2 k2 n8 E$ M" |5 N0 }
that means bank A have no money because we borrow 10 dollars from bank A
+ u( C, M" u6 o2 |* g, Y! k5 _Because bank A doesnt have enough cash on hand
) s7 F; I1 D% e9 R6 Itherefore bank A need to be bankrrupt ??? Am I right ?? ...

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6 D! S( x8 V& q3 Z! N0 iA->B->C->D->E1 Y$ u8 |6 v2 C( {+ h5 m0 Y0 Z
so does it mean if E failed to pay D,
. B4 K3 G/ d! L. {& c* K/ ~: _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,
! A3 o: \; M& r; m; Ain this case it doesnt really matter how much money is created, " }6 K6 g, }  m4 l; n: i
it's the problem of the debt itself., x3 ~/ A* T; E; {2 i# ?! ^$ C
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
6 r: ~. O" f9 `* d+ C8 e! c小弟一直都唔明...8 M8 J4 F, {( c9 P6 `0 s
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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...  c* b9 y( u( [8 e4 @0 `( k  C

' N$ r3 b; O# S( U, \2 ^敬請各師兄解答: G& ]" Y, z7 e: B: y" v, @% |0 D

6 B/ Y" \0 X" Y5 i# w( AThanks

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那些根本係 紙上財富  
( r& E  A& {* y) M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  a) e5 z* U- `; b4 q1 L  f$ f) j4 m

1 |* t8 d+ j' m2 {2 Nhttp://www.thedeal.com/newsweekly/images/100608_NWleverageFloChrt.gif

fderek

其實個D錢係你可以當係虛擬資產
3 v9 [/ V! `8 x/ V( q3 R當經濟好,投資銀行相信會賺錢, 物價既估值相對較高
7 H/ M2 O' L, y8 j0 f3 X5 O1 e4 o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
/ l; t8 L; O$ y, o" P" ]個件物價係市場好既時候升, 例如15%先算,變左12蚊啦9 o/ s7 g2 o0 ~% S/ s  B3 @7 o
扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,
. q% N) U4 Y" G' _; h" d: T計番回報率就已經係50%,所以可以好好賺
% Z5 H5 K/ l! Z1 G6 s1 N前提係銀行之間要互相信任先可以咁樣借法1 X. l- `3 g+ m- B: @! R! C! _
同埋個市場既前境要係好先得
, e+ w4 ]3 I- w6 k6 l但當經濟一差,公司估值趺了,物價不升反趺
& {1 x0 Y' v+ _9 m; K( y例如剛才說10蚊的, 趺到得番9蚊,
# D" x; e8 a- B咁投資銀行一下子就要還11蚊, 一來一回變左虧200%
/ Z9 X9 H- m3 x: p! ]& H8 a6 x所以你就會覺得D錢好似蒸發哂咁) [) ^8 ?$ q$ N: A# j  K& F

6 a6 O9 U& C% Q5 d5 o你都可以當標野咁諗, 個樣野多人可以狂升值, ( v. W0 o* J& r' @4 D1 s
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,
2 f8 u6 E4 O7 G7 F( z  L; V淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
2 @: U! N7 e+ F  o2 j+ F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" O4 y8 ^! B! x
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' A3 o/ j; E2 i8 U
唔係d錢蒸發, 而係比美國佬洗晒未來錢, 0 a' _, P- `& r
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, 0 y9 E5 i4 I- I! R; q# `. K. N& g
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; z9 Q: z* f1 Y
咁你話d錢蒸發左去邊? ...

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正係咁樣
6 O; W! I/ T1 u: [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
! @( j0 m  f4 z1 h% T分分鐘佢地唔使還錢! C# M7 [& B* ?; t% }
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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# ]! k/ B% {# \) r
連國家都係問人借, 不停發債券, 印鈔票
3 y( w0 |2 E4 \3 @0 E7 l一個國家好少出口, 而又大量入口 ,反映到佢唔多生產! B- o6 b7 Y7 g+ N
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, ~3 t+ y  q2 p
咁而家"爆哂煲"算唔算先至係變番"正常"???

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4 n' `( g# l8 d; G其實係...' {; K3 H' C) |1 n8 l- z- ?! n
因為以前未生產, 先消費
  n2 A. ^3 p7 K. x而家就要多生產, 少消費