0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
0 D5 B" f& I. B, v9 n% K* P% }Why bank will sell 借據給第三者???
$ s9 R( V3 J! p* I* aI was so confused.....

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- V* l7 l# A; f7 R講到尾都係賺錢7 H4 Y+ h! L* D& e6 U5 K( w8 P0 L1 B
so銀行可以不斷放款
. ~. |8 t" o1 O) z: A8 K美國的房貸問題散佈到全世界
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5 u" I, F; l1 U4 ?2 R6 j- b  G! smortgage loan 3 j8 `# x6 Y- ?, X8 }( i9 J2 G
>conduit8 D! L+ ?6 ?. F) [2 `4 m
>RMBS(Residential Mortgage Backed Securities)
2 i, d$ i  L  S" J$ t>arranger
6 _& ^9 }( C3 }" Z; `>CDO(Collateralized Debt Obligation)
: D' u4 [# ^3 a7 T, D$ F! @2 q最後去到投資者

Kev

i thought it is the reason of rate of return.
  n0 A7 U+ m* r! ?5 k, V; PCDs could have different ratings, AAA -> F,
& z- K3 n+ g/ V* Q2 mmore risky ones would have higher premium (interest rate) as a compensation for an investment.) m8 v9 A9 K/ o& |; \
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,2 ^  Q5 _  k5 i1 _: M# H% d
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
; B6 j+ T) X0 u7 g& D3 I. U! cAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.& n' t1 j2 g, d9 x, {
similar to bonds, CDs trading in the secondary market have different value at different times,, G2 C2 P$ V1 s+ X4 t; K0 E& g6 y
normally the value is calculated by adding it's principle and interest.
& a# j" U4 ]7 ^4 [eg. the value of the mortgage+the interests to be recieved in the future. 9 a6 `* \# F; w) v; E' }8 u& @/ D
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.
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8 i- N) x  a, ^0 q; X! {3 S9 qim not quite sure if the multiplier effect does really matter in this case.
5 _# u: _6 d) r7 C& Hin stock market, it's the demand and supply pushing the price up/downwards.$ M. L* k$ w  G
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,+ [7 H+ h9 F" `; P) r: G
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.' X5 r! _. L6 G" f
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.
7 d& \: S- r* X) t$ M% m2 nbut the value of their assets did really drop significantly.. T' I3 R& A6 D# w& o
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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
3 A) Q  i( ]5 T" g( P' PRefer to last example,) i- m- c: \9 f3 J- u# m! j$ |
that means bank A have no money because we borrow 10 dollars from bank A
; l/ j* r* p1 Y/ \Because bank A doesnt have enough cash on hand
6 ?6 B+ Y+ ]' f* {5 |( R: j  utherefore bank A need to be bankrrupt ??? Am I right ?? ...

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2 v3 I+ c" b1 XA->B->C->D->E3 K3 c9 w, E+ c  b- l
so does it mean if E failed to pay D, 4 V# h- v2 X# `+ h6 N8 o
all the B,C,D,E have to go bankrupt?% S3 D0 N/ m2 q9 h7 r2 v7 p

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' F: b$ S( `" k  K: o- v& ?the multiplier just tell how much money created in a whole economy,
; h+ y& r. l" A9 \9 qin this case it doesnt really matter how much money is created,
. M6 d# Y% y  d/ t( hit's the problem of the debt itself.
7 j) b. N, I" t" @5 `4 Cthe 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
  Q5 p) |/ D1 m3 `, ^小弟一直都唔明...' @& Z9 n3 t( @7 Y1 C8 Q5 U1 F

' V# R( A* d) F  z6 N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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3 d. D4 |$ t% g  l敬請各師兄解答
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+ c& H' R* x; A7 h( q4 A$ RThanks

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那些根本係 紙上財富  8 p% g& [  K+ D: Z+ ?2 B0 ~
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 graphic7 Q/ w- @; V! d* W% s- y% A) Y5 \
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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+ @5 h; {* ]3 b7 l* x( y
當經濟好,投資銀行相信會賺錢, 物價既估值相對較高: e* g6 {; Q5 T3 }$ 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& ]5 W0 y! k5 R  c6 l
個件物價係市場好既時候升, 例如15%先算,變左12蚊啦
" Z, W& k4 R' a( a0 a  [扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,
9 k0 v6 h5 [7 u計番回報率就已經係50%,所以可以好好賺: l( d6 t8 X( U8 ^( b
前提係銀行之間要互相信任先可以咁樣借法
9 H5 R" F9 f  R+ p同埋個市場既前境要係好先得
5 Q9 q  N/ A/ U# S5 V) Z" `但當經濟一差,公司估值趺了,物價不升反趺
' u; Z! C6 l. g- [+ K; `例如剛才說10蚊的, 趺到得番9蚊, : J. a; T9 ~/ k( d
咁投資銀行一下子就要還11蚊, 一來一回變左虧200%$ l: b% t/ e! n9 |7 C. 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,
) I7 e3 P0 ^2 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, # k; N% Y7 t4 `1 \; M$ x7 U
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, # f) U" i/ A* t2 J* Z0 C
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
0 d6 B" m2 E' A+ f, T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
) M) o' g  `: T0 @# d唔係d錢蒸發, 而係比美國佬洗晒未來錢, % K3 E7 U3 m) z7 i: X. S% m, r5 @
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
; x, ^& l: G0 U8 E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- p, S3 j0 p. K! ^  o
咁你話d錢蒸發左去邊? ...

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正係咁樣0 ~5 M  c  ?1 N* t% Q( S/ W
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
8 G1 P% p' e& b分分鐘佢地唔使還錢
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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,$ u. T* O& v$ N, k" k$ x
連國家都係問人借, 不停發債券, 印鈔票) h8 i* j9 B* d+ f7 H: [
一個國家好少出口, 而又大量入口 ,反映到佢唔多生產
* U/ x8 n  Z7 O( i. 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.gif5 h% E; B$ j. D5 V/ @" s
咁而家"爆哂煲"算唔算先至係變番"正常"???

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其實係...
7 ~3 H+ b( e: j& T/ _; ~' G因為以前未生產, 先消費
* K" `0 b% ]9 `而家就要多生產, 少消費