0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
) z$ y4 n2 F8 q! K1 H: n4 i' _Why bank will sell 借據給第三者???
, d1 e( G# C0 t- d7 a! W, UI was so confused.....

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2 j/ P. G$ ]  k  @6 S2 i  J4 |9 p講到尾都係賺錢
4 k; F  y+ u5 Hso銀行可以不斷放款
* O0 }0 d2 e- `7 r: |0 O% i9 @美國的房貸問題散佈到全世界
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" T' s) c7 h& omortgage loan 9 \5 W+ K" U& Y! h5 {7 U7 F; J$ `
>conduit/ |; k/ F$ U0 N& M) J! c
>RMBS(Residential Mortgage Backed Securities)/ Z. ]7 D  u" ~% p" _
>arranger6 H" O3 H& b4 J# y4 t
>CDO(Collateralized Debt Obligation)2 k2 B. F& N5 w& s7 j
最後去到投資者

Kev

i thought it is the reason of rate of return.
, |. `7 E. i1 }( G. rCDs could have different ratings, AAA -> F,
  z& u" `& h1 @more risky ones would have higher premium (interest rate) as a compensation for an investment.- F5 c8 k6 Y  E. s  t
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
* `- E4 G  J2 ?# S, z; g/ Kin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.) `$ A) Q& a+ s" `" F! r/ D* Y9 y2 i
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.7 g* {) \, _2 }4 O3 M
similar to bonds, CDs trading in the secondary market have different value at different times,
, s8 ~+ |3 J+ N4 D& ynormally the value is calculated by adding it's principle and interest. $ p. U1 N; r% E) J' |' S' B
eg. the value of the mortgage+the interests to be recieved in the future.
' M- |: x& c1 @* S4 I/ z9 ebanks 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." i4 C9 ]. ~0 j9 w1 Z  K  M5 _

) q' B$ }8 x$ {2 H- Jim not quite sure if the multiplier effect does really matter in this case.: B3 y$ x- z1 G4 C& j; ^
in stock market, it's the demand and supply pushing the price up/downwards.  Z# t& }* W: j/ C# t
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,* }" ]9 P/ g# u! m5 _
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.# {7 o3 `4 w! C
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.
. t2 ~; M: r/ B+ @' F8 U( ?6 F$ sbut the value of their assets did really drop significantly.
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5 D1 I8 o7 r6 G  x" ][ 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
/ ^7 {+ k- @+ YRefer to last example,' u* R+ |+ \. a) M
that means bank A have no money because we borrow 10 dollars from bank A
" Z' d9 t. e+ gBecause bank A doesnt have enough cash on hand
+ n5 i3 g5 a7 ~2 `1 h4 jtherefore bank A need to be bankrrupt ??? Am I right ?? ...

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: j. n- b8 c3 K( d! oA->B->C->D->E( I6 U* Q( k% b9 E7 C
so does it mean if E failed to pay D,
& R$ p  \# {, N9 {9 Ball the B,C,D,E have to go bankrupt?3 Z4 H/ ]! u( H1 F6 C+ X% }8 ^
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+ D$ d( m8 W5 K; c! |$ ~
the multiplier just tell how much money created in a whole economy,
/ ?" A4 o8 m) z/ k# ?3 a9 Hin this case it doesnt really matter how much money is created,
7 T9 ?" v" s( `7 `5 P3 uit's the problem of the debt itself.
& n1 s. [5 q! z* vthe 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
; x% c- R/ B! q1 m( G小弟一直都唔明...3 K- e8 B$ M/ S' S0 D

) m1 \. o! a" F全世界都蝕錢，咁邊個賺緊錢呢?. M7 T9 s* }' W7 r/ O* ^
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無可能淨係有人蝕錢無人賺架嘛...
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" Q: X- ?% r8 E1 s4 |7 o; p. x" n, a敬請各師兄解答
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Thanks

7 Y, w- a5 E6 o  _$ }
那些根本係 紙上財富  
9 `+ s; c' R2 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% v8 N, }7 a; z1 c0 Q) w/ z" |5 R7 i

" T& W& q: r) p4 O6 Dhttp://www.thedeal.com/newsweekly/images/100608_NWleverageFloChrt.gif

fderek

其實個D錢係你可以當係虛擬資產
$ I: g$ H: i$ y當經濟好,投資銀行相信會賺錢, 物價既估值相對較高
  f+ Q/ P. h& d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
; c$ F& r0 I) x" H個件物價係市場好既時候升, 例如15%先算,變左12蚊啦, b! S# ], K8 {( q0 P
扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,
" Y& a! f4 j$ e! u1 W  D計番回報率就已經係50%,所以可以好好賺
3 M" w6 v4 _' e- x* A前提係銀行之間要互相信任先可以咁樣借法
9 |/ H$ a( ?2 D: C同埋個市場既前境要係好先得
: K, K7 M2 |+ G8 h% h2 s# g但當經濟一差,公司估值趺了,物價不升反趺
2 ^  E( t, q) |  L' ^) l; r9 Y$ C例如剛才說10蚊的, 趺到得番9蚊,
; Q3 K2 `% M- b5 x8 q$ |) Z咁投資銀行一下子就要還11蚊, 一來一回變左虧200%; c2 z) q& \0 M' o9 }
所以你就會覺得D錢好似蒸發哂咁/ \8 q% W4 c1 i3 Z
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你都可以當標野咁諗, 個樣野多人可以狂升值,
7 Y( o$ q; v( r; F  o5 ?1 j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,
$ l$ i2 R+ a6 q. e% ~淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
: M9 x9 Y0 Z) d( Z4 C( p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
1 k3 D$ J* e/ f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' D' l4 b) s' n0 M- Z- Q: p9 V$ O% A
唔係d錢蒸發, 而係比美國佬洗晒未來錢,
. V: I" ?" s/ _/ R% P2 D! }, e淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, . Y1 C9 I5 B( K7 Y( g6 |
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/ M: u- H; d) O  I7 D! o& |6 i3 U% v$ j
咁你話d錢蒸發左去邊? ...

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% t! K" M! l% b+ e- g4 e正係咁樣# \) U0 h- b* `' M) \/ `5 [: `
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2 H6 q9 ]$ m- `- V. v
分分鐘佢地唔使還錢' a+ w/ k% k2 r0 X9 M7 t1 `( @

3 |! ]- s. \# i6 H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,! M) `8 ~* @* z* Y* p
連國家都係問人借, 不停發債券, 印鈔票
8 _. L: x4 L) v: J+ Y一個國家好少出口, 而又大量入口 ,反映到佢唔多生產
0 Y% |: c8 t% K9 E  j8 T. Z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: B8 _3 e& N6 n- b# g5 n8 {
咁而家"爆哂煲"算唔算先至係變番"正常"???

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其實係...; ]5 q  [" V1 l$ B4 Y7 ]9 Z6 F7 E
因為以前未生產, 先消費
. ]; ~' W* ]6 c/ ?7 f7 B! ~而家就要多生產, 少消費