0000001

原帖由 balachiDavis 於 2008-10-8 05:56 PM 發表 http://www.26fun.com/bbs/images/common/back.gif
. D: V7 L2 b+ QWhy bank will sell 借據給第三者???7 a; k! V" I* ?  h
I was so confused.....

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講到尾都係賺錢5 m0 m9 f- o' ~+ N5 J8 u1 Q6 a
so銀行可以不斷放款6 d; d2 A: O# x+ @$ l/ Q
美國的房貸問題散佈到全世界
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mortgage loan 9 S' W1 h5 [* m' V
>conduit- t3 c9 r. P9 w. p3 u5 q
>RMBS(Residential Mortgage Backed Securities)
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>CDO(Collateralized Debt Obligation)
( d5 r2 F) O7 r4 C) J+ A最後去到投資者

Kev

i thought it is the reason of rate of return.* p1 C- A9 M, b4 z8 H+ F( r: z
CDs could have different ratings, AAA -> F,
2 g4 E- }8 D& S  c7 \: v% r! vmore risky ones would have higher premium (interest rate) as a compensation for an investment.
* z2 f6 W' B$ E5 a- amain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
/ O! f  E5 N5 ~% B: R/ xin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.' d$ A4 l% z5 o$ z
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
  k" d0 t+ W+ @* c6 ~2 qsimilar to bonds, CDs trading in the secondary market have different value at different times,
5 n: U7 ^1 v$ h* xnormally the value is calculated by adding it's principle and interest. ; m4 }* U  c! x6 a" @5 C
eg. the value of the mortgage+the interests to be recieved in the future.
/ G1 O# l; S  w8 G4 |" R% M% Vbanks 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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; h3 v3 M6 `8 ?8 K( W  Q( c- |( I0 Nim not quite sure if the multiplier effect does really matter in this case.  r+ V5 h) V3 z) v+ A( \
in stock market, it's the demand and supply pushing the price up/downwards.
) v5 T7 d8 N3 yFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,, b3 v# X- q9 G9 F( g& g$ N
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.8 L% U% C: R1 K& l
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 s; e( l- y! s
but the value of their assets did really drop significantly.3 y, `# m! k6 ?& d  M9 c5 [$ @. b

$ o. B6 U! a8 G( |- p7 e6 \3 `[ 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
6 I/ ~1 t8 n% @3 Z" q! ]Refer to last example,$ \8 u4 f3 e' C" M8 k& ^
that means bank A have no money because we borrow 10 dollars from bank A
' z, v8 ]1 J* m8 Z  j( @Because bank A doesnt have enough cash on hand
) [1 r4 G5 V2 C/ S, ]5 u2 qtherefore bank A need to be bankrrupt ??? Am I right ?? ...

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A->B->C->D->E( h: @  r- }4 v- I( D
so does it mean if E failed to pay D,
) y7 F4 D3 A! N6 \6 H$ c! G( k( tall the B,C,D,E have to go bankrupt?; h1 P5 o3 ]9 w4 L" E
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the multiplier just tell how much money created in a whole economy,
) R0 v$ l  A  u+ D: gin this case it doesnt really matter how much money is created,
$ t6 d  U5 |# a6 J" s( Pit's the problem of the debt itself.
7 Y  a; P3 d' }  J/ U7 T* Wthe 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.gif5 ~  P6 ^( e# i% V
小弟一直都唔明...
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( q2 ?. c, {* v全世界都蝕錢，咁邊個賺緊錢呢?
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. ~! w  N6 Y! J* H" W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
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4 Z  r4 }2 @6 a# W" XThanks

8 j' Y" f; s3 a  y' C' [那些根本係 紙上財富  ; o2 v, k' K. v, y5 H
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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3 P' k2 a7 Z# Q  a* x! p7 ^& chttp://www.thedeal.com/newsweekly/images/100608_NWleverageFloChrt.gif

fderek

其實個D錢係你可以當係虛擬資產! h  n$ q* A3 G/ B- _) N3 `5 ~* F9 ?
當經濟好,投資銀行相信會賺錢, 物價既估值相對較高% \( M9 w; `/ n
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8 t" o, ?- }4 D3 T9 q
個件物價係市場好既時候升, 例如15%先算,變左12蚊啦
8 y' T0 a* }4 h; Z& V! N扣番利息當10里, 咁公司都可以賺左11.5-10(1.1)=0.5蚊,2 C" ~- M; O. N5 m: r2 j
計番回報率就已經係50%,所以可以好好賺
4 K. t. a# r; k+ z* i( Z前提係銀行之間要互相信任先可以咁樣借法
  m% Z# v& b- H5 t同埋個市場既前境要係好先得
7 S9 b0 l  P  ~, R8 T  |( a但當經濟一差,公司估值趺了,物價不升反趺
- W% R' H' @4 V* G& H8 m' ~例如剛才說10蚊的, 趺到得番9蚊, - v$ i) ^. L8 q! p8 m3 g( R9 `8 S7 ~
咁投資銀行一下子就要還11蚊, 一來一回變左虧200%6 a. G* Y8 D  o% x" A1 K2 W9 F
所以你就會覺得D錢好似蒸發哂咁; k- K8 D) @4 O

! ~$ }" U) y% D- G! k5 e你都可以當標野咁諗, 個樣野多人可以狂升值, + I# ?5 Q0 F8 D4 |. {
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, # x2 |, I$ s8 ]
淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒,
. h6 L' Z; B  U0 N) a3 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 r1 [9 Y9 z8 t- M6 |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
2 H* Y" a! g  U, {! |. Q唔係d錢蒸發, 而係比美國佬洗晒未來錢,
/ s! w% [# y: c淨如你簽左卡, 呢刻爆卡,咁d去晒邊?咪之錢用晒, " x: G! g3 K: t& m" J2 m% [
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
4 D, d# n" }9 }' n咁你話d錢蒸發左去邊? ...

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3 T  H9 ^5 E# \正係咁樣' a% G6 y& \/ Q0 p3 W7 W3 I  b
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. D! n9 X/ H( h% `& P8 |  U5 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,
: I: {1 s) O- I6 V連國家都係問人借, 不停發債券, 印鈔票, y! J  U% F# Y( z) d+ o' j6 e4 e
一個國家好少出口, 而又大量入口 ,反映到佢唔多生產) y. P' R; |6 B* p( I
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
7 q4 ]6 F$ D1 N  m, j咁而家"爆哂煲"算唔算先至係變番"正常"???

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其實係...0 X% O4 I% B6 P/ C! z1 _6 l
因為以前未生產, 先消費
9 A& l" R5 A6 \* c7 x* I, u/ N而家就要多生產, 少消費