0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
' s2 P/ l6 R7 Z' [: K, sWhy bank will sell 借據給第三者???
/ n6 x, Y3 h" j$ @# `! E. X; UI was so confused.....

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講到尾都係賺錢) x/ [5 w* V- g, P0 }6 _+ j! q
so銀行可以不斷放款
- q! X7 q; t; I- I, S% I3 b5 `美國的房貸問題散佈到全世界% j, C$ G" R+ ]

% Z% O: L, d& h$ C2 }" P0 j; W2 Pmortgage loan
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>RMBS(Residential Mortgage Backed Securities), b# y% ~" `. a# ?
>arranger) ]: n+ j, r# p9 L
>CDO(Collateralized Debt Obligation)
8 o5 C( ]+ b6 E; s+ ^最後去到投資者

Kev

i thought it is the reason of rate of return.. l0 z2 k% P6 T
CDs could have different ratings, AAA -> F,* {' \5 a$ H; G# o" o
more risky ones would have higher premium (interest rate) as a compensation for an investment.
" t  f( G/ Y! a$ j- o% \main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,: N+ S5 s. x5 O1 F( d! B7 c
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
3 f: @  ~, I3 @! g* T$ w" d* _Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
& R( x/ Z  Y2 s) X) q: asimilar to bonds, CDs trading in the secondary market have different value at different times,
5 |$ t) e/ u- |  e9 Ynormally the value is calculated by adding it's principle and interest. - y; K* k& Z# R; Z1 e/ L, f
eg. the value of the mortgage+the interests to be recieved in the future. 5 S) q- {0 C9 \* M4 \2 C0 |
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.$ ]6 a  t! y& E+ n% F+ `

9 t  S, O" Z, ]( y- j! him not quite sure if the multiplier effect does really matter in this case.
* Q& h1 o8 A1 n" zin stock market, it's the demand and supply pushing the price up/downwards.
4 T9 T2 R  V/ @5 V7 L  @7 }7 o) Y/ [For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
% N: Z( i5 I, EA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.0 m) B5 @* q! V  @8 O
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. 4 a1 o! Q# h0 C5 Q+ @
but the value of their assets did really drop significantly.! I$ J1 ?, j6 [& u
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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) p( F  m( G- |" |+ `
Refer to last example,
! ^3 T0 g* |! n) o) E- D" |$ @  tthat means bank A have no money because we borrow 10 dollars from bank A
4 C4 h  {/ i2 ]# D5 l. ~Because bank A doesnt have enough cash on hand " c) G! J' u' q" `1 h4 }" Z3 z
therefore bank A need to be bankrrupt ??? Am I right ?? ...

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/ J0 ~: Q  t/ L. |9 OA->B->C->D->E0 ?4 F* B% U: ]* H" E9 i- ]
so does it mean if E failed to pay D, , p- ]! c# T  L  y$ h
all the B,C,D,E have to go bankrupt?/ p8 W5 x5 L9 W7 H2 A

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the multiplier just tell how much money created in a whole economy, - g  ]: L; s/ T. f2 z  _
in this case it doesnt really matter how much money is created, 1 ~% _2 i5 M  e1 J# F
it's the problem of the debt itself.. V& j$ U; t" \% V" V+ O' ^" r* y
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
. a$ M7 w* g/ i. F  ~小弟一直都唔明...2 t  V0 g' X# F6 H4 ?3 z: z
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全世界都蝕錢，咁邊個賺緊錢呢?$ A5 ]5 ]" S( _/ m

; K4 y0 M* _, R9 r5 [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2 u- [. v$ S: F; Z

" v) [+ ~2 x. G% G2 [& u6 d; YThanks

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那些根本係 紙上財富  8 @/ l* p& r7 W4 X' P' D
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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5 m# l6 [; c! [+ K/ Q7 |4 ?2 khttp://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 J) F4 j. f6 Y1 p6 H4 m
當經濟好,投資銀行相信會賺錢, 物價既估值相對較高/ Y0 P3 n7 E$ r( L
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5 ~; C* _$ M0 B# _% q
個件物價係市場好既時候升, 例如15%先算,變左12蚊啦
; U7 Y9 X1 L" E扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,+ n0 n$ D1 v( H" C# ?2 w) `; j* ?
計番回報率就已經係50%,所以可以好好賺9 y9 X* d9 `8 K9 ]4 k
前提係銀行之間要互相信任先可以咁樣借法* D5 b9 b7 e  u" _' Q0 `
同埋個市場既前境要係好先得
9 j: O5 Z+ }+ D5 b, G但當經濟一差,公司估值趺了,物價不升反趺' g" ^; e( @6 ]8 B# p$ f
例如剛才說10蚊的, 趺到得番9蚊, 7 w8 l( d/ I& u$ z+ ^! N
咁投資銀行一下子就要還11蚊, 一來一回變左虧200%2 e& i6 M8 w" G, p" s
所以你就會覺得D錢好似蒸發哂咁' i( `2 c/ A; D2 T/ ^* W9 S/ W
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你都可以當標野咁諗, 個樣野多人可以狂升值,
- P/ B1 l( U: f# y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 Y5 o& z- \0 O, P
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
5 F$ w: B1 X5 E& R) u3 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+ i( ]& d7 Q' _& d
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.gif3 h+ M  e, \- m' n
唔係d錢蒸發, 而係比美國佬洗晒未來錢, / @# I' J) X; v% f& p
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
5 M2 C, v' _' @) W7 H; I1 p9 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& g! N$ `5 b1 ]: F
咁你話d錢蒸發左去邊? ...

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正係咁樣
+ o: P5 ]2 \+ ?% E5 I5 \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, ^9 k5 e, F" p  l7 t
分分鐘佢地唔使還錢
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2 T% `( G# X! L# C- Y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,- Y+ r" v) i8 e' C/ n0 Y* j
連國家都係問人借, 不停發債券, 印鈔票/ c2 Q6 ^1 ]  q0 V' ^" n" F
一個國家好少出口, 而又大量入口 ,反映到佢唔多生產
0 B# P& u3 D8 \3 G* k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 U1 K- }# \1 E( h/ @咁而家"爆哂煲"算唔算先至係變番"正常"???

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$ U1 _& {! t9 {/ L6 G1 `其實係...- v0 t4 c3 K7 t+ S
因為以前未生產, 先消費! V. A% _% q' F( {
而家就要多生產, 少消費