u********e 发帖数: 4950 | 1 Bank bonds yield 232 basis points more than treasuries compared with of 181
basis points for investment-grade debt overall in the U.S.
换句话说,在金融危机3年之后,债券市场仍然认为银行比工业公司更有风险。从银行
的角度来看,这种状态下他们是不愿意给公司贷款的,因为利率差是负的。 这可能也
是近期银行持续成为债券净买入者的原因, 银行宁可手里拿大把的现金或买大量的国
债也不愿放贷。不知道美联储将如何解决这个问题。 |
L****n 发帖数: 12932 | 2 good point.
the accounting rule change last year allow them to hold those soured loan in
a black box. even not shown on the book, the market hasn't forgotten that.
before housing market turns around, financial will underperform, but they
won't choke the system like they did 2 yrs ago. |
m*****i 发帖数: 4342 | 3 Fed did something very stupid, the answer is to raise the short term
interest rate and force the bank goes to the market.
181
【在 u********e 的大作中提到】![](/moin_static193/solenoid/img/up.png) : Bank bonds yield 232 basis points more than treasuries compared with of 181 : basis points for investment-grade debt overall in the U.S. : 换句话说,在金融危机3年之后,债券市场仍然认为银行比工业公司更有风险。从银行 : 的角度来看,这种状态下他们是不愿意给公司贷款的,因为利率差是负的。 这可能也 : 是近期银行持续成为债券净买入者的原因, 银行宁可手里拿大把的现金或买大量的国 : 债也不愿放贷。不知道美联储将如何解决这个问题。
|
s******r 发帖数: 653 | 4 这其实是美联储的高明之处,增加货币供应量却通过国债将流动性给禁锢了,所以没有
造成通胀,相当于慢慢来冲坏账~~
181
【在 u********e 的大作中提到】![](/moin_static193/solenoid/img/up.png) : Bank bonds yield 232 basis points more than treasuries compared with of 181 : basis points for investment-grade debt overall in the U.S. : 换句话说,在金融危机3年之后,债券市场仍然认为银行比工业公司更有风险。从银行 : 的角度来看,这种状态下他们是不愿意给公司贷款的,因为利率差是负的。 这可能也 : 是近期银行持续成为债券净买入者的原因, 银行宁可手里拿大把的现金或买大量的国 : 债也不愿放贷。不知道美联储将如何解决这个问题。
|
B*S 发帖数: 1328 | |
b*****g 发帖数: 983 | 6 对头
这就叫急病还要慢药治
银行亏空太多,要慢慢积累revenue,等到银行的坏账冲销完毕,通胀开始或即将开始
时,fed升息,
开始下一个通胀/抑制通胀周期。
【在 s******r 的大作中提到】![](/moin_static193/solenoid/img/up.png) : 这其实是美联储的高明之处,增加货币供应量却通过国债将流动性给禁锢了,所以没有 : 造成通胀,相当于慢慢来冲坏账~~ : : 181
|
N********n 发帖数: 8363 | 7
Nah. It's still pure inflation and socializing the loss.
Say the fair value of a stock is 20$/share but gets hyped to 100, and I
jump in at 100 on full margin. So I end up deflating my wallet to inflate
that of whoever selling me those shares.
"BANG"! The bubble pops and the stock plunges, and I then start to scream
"holly sh*t deflation!!" as my portfolio gets bombed. It's not deflation
at all. That's purely the price adjusting to market fundamentals.
Lucky for me, government comes in for resc
【在 s******r 的大作中提到】![](/moin_static193/solenoid/img/up.png) : 这其实是美联储的高明之处,增加货币供应量却通过国债将流动性给禁锢了,所以没有 : 造成通胀,相当于慢慢来冲坏账~~ : : 181
|