0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
: x4 ?) [5 }7 l: Z8 yWhy bank will sell 借據給第三者???4 J. n4 d1 U9 {) B. W7 K! ^0 L) f" z% ^
I was so confused.....

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) r9 k* |) B1 _" E+ e講到尾都係賺錢
) w* T$ j7 V1 c  D9 fso銀行可以不斷放款
, i2 D( e8 N( w. H美國的房貸問題散佈到全世界. M, O+ Q: H3 D7 `7 J5 |% |
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mortgage loan
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>RMBS(Residential Mortgage Backed Securities)
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>CDO(Collateralized Debt Obligation)
4 e( E3 N" E9 H最後去到投資者

Kev

i thought it is the reason of rate of return.4 J4 c1 p/ A/ ?9 o8 Q3 ]
CDs could have different ratings, AAA -> F,9 U9 A+ z. z( U
more risky ones would have higher premium (interest rate) as a compensation for an investment.
' [3 j9 Q; Z# a. L! H% _) Zmain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,! {. P6 k' O! D. i$ i8 {
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.2 n9 \: W" F! {
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.& l9 o- u# O" @1 v) h' g# M
similar to bonds, CDs trading in the secondary market have different value at different times,+ C+ s- h- V) e7 O
normally the value is calculated by adding it's principle and interest.
, f4 ?- ?& M( [* a  ueg. the value of the mortgage+the interests to be recieved in the future.
" \4 I: ]9 V5 h6 ~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./ _0 c! s2 P7 @
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im not quite sure if the multiplier effect does really matter in this case.
/ a& [4 K1 W  j, b) e+ M& V; F# Zin stock market, it's the demand and supply pushing the price up/downwards.
& X/ @; l4 ]+ }# c7 w7 v$ P, D% u% kFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
2 @% q4 R% f8 J( }# J4 f' nA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.! j) K% E% P/ K- o& ?! b. b5 p: v
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. $ C9 l# L9 x% w
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.gif5 k8 F7 _3 b+ J) O
Refer to last example,
) y5 A2 E% Q+ f( u5 O8 d% Dthat means bank A have no money because we borrow 10 dollars from bank A " S/ Y9 S: x, R
Because bank A doesnt have enough cash on hand
& M% j) A0 \- t6 ftherefore bank A need to be bankrrupt ??? Am I right ?? ...

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! D- v" O6 ]; OA->B->C->D->E
+ _6 l$ N: h4 _, ?7 q( G! T# fso does it mean if E failed to pay D,
1 S( ~7 X% e; W/ jall the B,C,D,E have to go bankrupt?/ a: G+ d8 o! J/ Z  f9 P& X
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the multiplier just tell how much money created in a whole economy, ) z5 ^. p7 \. n' o/ c! r
in this case it doesnt really matter how much money is created, : n$ |( N( K% W$ b; l
it's the problem of the debt itself.. {. P# ]. h+ H0 j. f
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
$ D( L9 B' p4 t小弟一直都唔明..." C, Y3 [% _+ U6 R! T$ j  @
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全世界都蝕錢，咁邊個賺緊錢呢?
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8 N- u; J. X* c0 f& k8 h7 ?+ L無可能淨係有人蝕錢無人賺架嘛...
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% `2 d4 m" V9 d* V3 a) f3 p敬請各師兄解答
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Thanks

+ f; c' w8 r. J$ v- _0 J那些根本係 紙上財富  5 `% H6 b0 i* u' Z, Y* q0 s# j
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
2 G& X  e, E4 U# B4 [0 t8 s5 F  {當經濟好,投資銀行相信會賺錢, 物價既估值相對較高$ y5 ?9 h3 ]2 w" S$ C- `/ n' o$ A
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; Y2 i7 N+ r7 v9 `/ K7 B
個件物價係市場好既時候升, 例如15%先算,變左12蚊啦
* b4 P1 B" i9 A) M- k扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,( e; H5 n7 G2 f  h3 s8 Q0 c+ P
計番回報率就已經係50%,所以可以好好賺
" T1 ^( x. f  ^9 L  U# Z前提係銀行之間要互相信任先可以咁樣借法! K! A7 A" ?+ F8 U8 o
同埋個市場既前境要係好先得/ O4 `7 Z) j0 @, E* X
但當經濟一差,公司估值趺了,物價不升反趺
0 F5 o5 z# z' F6 j$ V: Y例如剛才說10蚊的, 趺到得番9蚊,
$ S2 K3 j3 a$ w7 S2 I咁投資銀行一下子就要還11蚊, 一來一回變左虧200%
1 [8 K" U- Y, J$ V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,
; C; |. k9 M! G4 w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,
! R6 E/ K) J) |7 A8 B3 E; _& ?淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, 4 e& m( i1 n6 f# 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
! v0 z9 A: O; [* B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  x- t2 [/ N% a( T; l
唔係d錢蒸發, 而係比美國佬洗晒未來錢, 4 {4 q4 O4 s' B7 y) V6 J
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
$ |7 C' X0 c6 J6 z. x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
! n1 H  V0 r- ]6 O  Z咁你話d錢蒸發左去邊? ...

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正係咁樣) f6 ~  T8 e1 U, n" x0 L. z6 f% p3 |
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: r! d- _& E, Z
分分鐘佢地唔使還錢2 ?8 J$ D9 ?$ r2 H# j
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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,
2 d2 S2 ~4 B% V連國家都係問人借, 不停發債券, 印鈔票
" T) v- F! c8 V$ s一個國家好少出口, 而又大量入口 ,反映到佢唔多生產
/ m+ g9 g. ?. A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/ b5 L) Q5 D8 \# A9 H! p
咁而家"爆哂煲"算唔算先至係變番"正常"???

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其實係...4 N2 I: E: }0 }8 j5 r6 f
因為以前未生產, 先消費  |. _, i2 o8 D% H1 I
而家就要多生產, 少消費