0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif1 J! U( S( `2 D4 n$ C7 n: M
Why bank will sell 借據給第三者???
! A! F! L& a1 P  b8 tI was so confused.....

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0 L/ F$ c( N" \3 {, G: m) i4 E. ]講到尾都係賺錢) n# B( Y$ C+ G- h5 c
so銀行可以不斷放款2 w& G2 ^6 v' Q; C* O
美國的房貸問題散佈到全世界
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5 d4 z6 t. l' a  T8 Omortgage loan % |+ M, @4 C$ _  X3 K. E
>conduit! _9 ?) Y, y3 l; A
>RMBS(Residential Mortgage Backed Securities)
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>CDO(Collateralized Debt Obligation)1 M: g( P* p& c
最後去到投資者

Kev

i thought it is the reason of rate of return.
+ {- G, h  e/ c, ^, }CDs could have different ratings, AAA -> F,7 p, g/ _2 [# z) {' k" b! L3 j* L
more risky ones would have higher premium (interest rate) as a compensation for an investment.1 _+ Q' l  {( \
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,6 F# {, h" ~6 J8 S% l9 H3 A
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.2 W: g, k" C7 u* U% n* Y
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.' M! p( f0 F+ W: `& J' n" o
similar to bonds, CDs trading in the secondary market have different value at different times,
, C- a- A, G% S; bnormally the value is calculated by adding it's principle and interest. 9 g: N0 Y/ J0 h# Q6 o# l2 h4 _! z
eg. the value of the mortgage+the interests to be recieved in the future.
+ o( Z+ m) b# {5 c/ R* Mbanks 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 \" @) Z( ~" [im not quite sure if the multiplier effect does really matter in this case.2 f0 G1 n; x  U) H
in stock market, it's the demand and supply pushing the price up/downwards.9 h7 I; S8 d( V5 T, @8 V- ]
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,' n' N% g: ?, Q4 c
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction." G1 n1 a7 e  P  i" }$ {1 C5 K$ v' q
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. 8 N5 B3 l! F, W. c  n0 f' A
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.gif+ d$ j9 E4 J* Y, W7 F
Refer to last example," F( \0 [+ m4 e6 G
that means bank A have no money because we borrow 10 dollars from bank A 6 a1 E6 e: M) j" X8 d% M+ O8 N
Because bank A doesnt have enough cash on hand ) \: I3 o- `8 P/ {, I
therefore bank A need to be bankrrupt ??? Am I right ?? ...

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A->B->C->D->E8 ]! |5 J. p1 |1 ~) p
so does it mean if E failed to pay D, " Y3 F( t' ^1 H- `$ T( I9 ?: ]- S
all the B,C,D,E have to go bankrupt?7 L! K! j6 _+ z( G2 r7 {

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: O, i7 G7 U8 b5 _7 E+ T3 jthe multiplier just tell how much money created in a whole economy, 2 X! \) L, A7 F/ R4 I
in this case it doesnt really matter how much money is created, 9 L" q9 j. ]7 k' c/ U) ~
it's the problem of the debt itself.& B) a& s% U; k( I
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
; H/ v9 o3 {3 s+ v4 l& E* Y小弟一直都唔明...- c( Q- m: V8 p# W4 s$ Z4 r
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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...
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+ O9 {4 {8 q+ ^, z敬請各師兄解答5 x+ m& R8 b  A( }- f8 t8 @1 D* s

* g! W0 d+ U$ ~Thanks

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那些根本係 紙上財富  . J* i; P8 ^( I: n( ?  n
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 graphic8 N' t5 p# e6 {
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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% G. {: x% x6 x- m
當經濟好,投資銀行相信會賺錢, 物價既估值相對較高
) y: e% W3 V  \" j6 g% Y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
0 b: t- x; [0 j個件物價係市場好既時候升, 例如15%先算,變左12蚊啦
  G. v8 Q9 v/ s& K1 b( P1 }, o扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊," p2 j- E% N  j4 E: c
計番回報率就已經係50%,所以可以好好賺) s1 ?! t* R* L1 b1 u/ c8 Q, u
前提係銀行之間要互相信任先可以咁樣借法
1 W' M: M# k! \. }, T( L; O同埋個市場既前境要係好先得8 H$ j2 L1 v; w7 g, j
但當經濟一差,公司估值趺了,物價不升反趺, s3 o# z  O! T* @9 u! u
例如剛才說10蚊的, 趺到得番9蚊, 4 N" U9 T; p0 z# s0 S' L- n
咁投資銀行一下子就要還11蚊, 一來一回變左虧200%
8 p0 K* H; g+ _+ e& b' b3 c所以你就會覺得D錢好似蒸發哂咁
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2 {( @+ L$ Y3 k5 {* ^; O你都可以當標野咁諗, 個樣野多人可以狂升值, / G. e% G6 g1 q+ K4 L
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,
9 Y+ z* W2 \& E% I0 n+ R淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
, T% y) s; B& K4 |) J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9 K- e. O. 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
0 ?9 Q! d( T" T. L唔係d錢蒸發, 而係比美國佬洗晒未來錢, + |6 G3 [+ u1 d# }0 G
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
5 ~' l; F& `2 M# B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- {- ]; e+ e( w4 s! A
咁你話d錢蒸發左去邊? ...

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( w0 u/ S0 W- F# w; K9 @0 S( T正係咁樣' @3 a- n/ O3 E4 G+ a
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0 \8 P  b  f5 f& K" G
分分鐘佢地唔使還錢1 S) r+ X5 T0 k/ D" j% P( }

+ z$ i' ^& b# E+ S7 A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,1 s$ F; L  N* ~- ]: Z. t' Y
連國家都係問人借, 不停發債券, 印鈔票
- x) Y- P) V. a% x一個國家好少出口, 而又大量入口 ,反映到佢唔多生產' W: z3 P3 _4 Y) D0 E* |
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
; D: _) [+ N* \0 a" ]咁而家"爆哂煲"算唔算先至係變番"正常"???

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其實係...
1 F+ {5 m7 T% `- e# a" c因為以前未生產, 先消費; w2 g8 ]/ D; D4 f1 c6 e* s/ \1 {
而家就要多生產, 少消費