0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
- h8 J) ]7 Q4 j" Z  S: jWhy bank will sell 借據給第三者???
$ d/ h  B: [$ y" XI was so confused.....

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8 B8 ~4 P& q% W% f講到尾都係賺錢* b- D, p' h3 E
so銀行可以不斷放款4 M7 e! v/ v3 K- B' ]" B
美國的房貸問題散佈到全世界
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mortgage loan
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>RMBS(Residential Mortgage Backed Securities)
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0 l6 t( ?$ V4 s& }+ t  n$ g# I>CDO(Collateralized Debt Obligation)
( O+ i, g9 S. A) Y4 G最後去到投資者

Kev

i thought it is the reason of rate of return.
% m9 C% q2 k5 l5 A  R7 HCDs could have different ratings, AAA -> F,& H% h: a; `4 y8 q* K0 [' G, u
more risky ones would have higher premium (interest rate) as a compensation for an investment." t# H( i1 T; F0 A( M. s! {
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
$ a2 _& b2 k; w2 X# i1 a' hin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.( R9 N+ N, n5 k' }
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
0 c$ p1 w, m: B! w$ p6 X$ L; ]similar to bonds, CDs trading in the secondary market have different value at different times," R7 T2 p- z# r) z/ G* F2 X5 R
normally the value is calculated by adding it's principle and interest. 7 z0 U( }7 w. d4 n: M
eg. the value of the mortgage+the interests to be recieved in the future.
& o# E) U; ~2 C& F3 L& E% ?9 O* M2 ibanks 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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3 m$ w& D0 I7 H% ~$ ~; w6 R: zim not quite sure if the multiplier effect does really matter in this case.
5 d( G0 |3 @! i4 r' oin stock market, it's the demand and supply pushing the price up/downwards.
2 F0 t0 ~4 D# _For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,& T4 }& s* B' q$ q& j6 O9 G( o& f
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
6 u8 l7 J7 m5 Y6 e$ @' ]* _3 U8 GThe 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.
- r5 s2 a, K/ l  D) }but the value of their assets did really drop significantly.8 s5 F1 s$ |" Q- s5 W6 ]+ l
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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
1 j4 r$ F' i- Y7 w$ hRefer to last example,: @0 z2 }- s5 C9 k
that means bank A have no money because we borrow 10 dollars from bank A . q( o  G  o1 l
Because bank A doesnt have enough cash on hand . U5 {6 d2 P& c" D$ y/ P
therefore bank A need to be bankrrupt ??? Am I right ?? ...

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A->B->C->D->E9 j% g. k" @: q/ \; U# z
so does it mean if E failed to pay D,
! Y! ^( h3 G8 Fall the B,C,D,E have to go bankrupt?! [( V/ I* j4 y4 J) z3 Q6 I/ b4 ]0 v& n
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3 S' L1 `, t- Tthe multiplier just tell how much money created in a whole economy,
! q; O' L2 ?% E) o4 ]in this case it doesnt really matter how much money is created, $ y3 J( x4 k5 L' W+ C
it's the problem of the debt itself.
; }, v+ c- z& A* v9 `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$ u; p) C- w! \$ u% F
小弟一直都唔明...
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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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8 Z+ Q( t% `$ c# o3 s敬請各師兄解答7 [6 u! B" p+ E$ f( \7 j
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Thanks

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那些根本係 紙上財富  + H$ A7 i: i" g) t# C0 {  b
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, h2 K, l& B9 @' ^0 X1 y

3 K+ `! C% l% ~: e0 N& v% Ihttp://www.thedeal.com/newsweekly/images/100608_NWleverageFloChrt.gif

fderek

其實個D錢係你可以當係虛擬資產
; |0 z, I  d  l: w5 ^* r當經濟好,投資銀行相信會賺錢, 物價既估值相對較高- z# w8 ]0 Z: D2 F8 m/ t2 g
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
; \# O/ K" h& f9 m$ d個件物價係市場好既時候升, 例如15%先算,變左12蚊啦
; h2 q; z; p7 n扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,
6 W/ Z/ b2 O6 ?) Y) C計番回報率就已經係50%,所以可以好好賺4 c( f% d  M# ~( J, M
前提係銀行之間要互相信任先可以咁樣借法
1 [* c- j1 d- H/ h同埋個市場既前境要係好先得
& L4 Z9 b& P  G; G但當經濟一差,公司估值趺了,物價不升反趺
" O; h* r$ W4 k. E2 K% }6 i例如剛才說10蚊的, 趺到得番9蚊, & N+ n( R3 r, z$ U- t- F$ G1 i
咁投資銀行一下子就要還11蚊, 一來一回變左虧200%
8 P) i! w9 t9 J# q+ [& b4 s所以你就會覺得D錢好似蒸發哂咁$ e3 H+ t5 J+ u1 Y3 p5 t9 F5 @) K
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你都可以當標野咁諗, 個樣野多人可以狂升值,
8 z& W% S% S/ P6 C$ H  i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,
- V) j0 x$ G' S3 m淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
7 `" |7 m, J1 T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
" r8 n# O3 n$ T, ?" L) e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) q) x/ W1 x7 ?7 N
唔係d錢蒸發, 而係比美國佬洗晒未來錢, + H$ i+ u+ w/ d6 ?. n2 }: P
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
1 O5 m1 B" j3 G9 S* B6 \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: ?6 ~0 d! l0 \$ d! v; J# ]
咁你話d錢蒸發左去邊? ...

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7 D9 f6 G; ?" J( d" x  P正係咁樣
3 Y) F8 k- K8 S, c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
. V+ i' W! K# c* d分分鐘佢地唔使還錢
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5 W, v: H/ c3 D. q9 i. d: f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,
! z, R  Y1 o* S' s( W) [$ b連國家都係問人借, 不停發債券, 印鈔票3 b& u/ _5 H1 V
一個國家好少出口, 而又大量入口 ,反映到佢唔多生產6 s  o2 p- n  }1 q( t6 y* R6 t
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( k' W; a8 j, S9 @& |, L  ?  {
咁而家"爆哂煲"算唔算先至係變番"正常"???

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其實係...
1 X9 `8 c& q4 Y5 k5 i因為以前未生產, 先消費
/ ~# h$ M: w7 l: K9 W, Z而家就要多生產, 少消費