m*****5
发帖数: 23482 | 1 The current financial and economic crisis is difficult to appreciate, not
only for the drop in elevation, but because of the swiftness of the declines
. It’s been a Wile E. Coyote 12 months – straight down like a dead weight.
A year ago, global equity prices were nearly twice today’s levels and
recession was only a whisper on the lips of the gloomiest of economists.
Today, descriptions drawing parallels to the Great Depression make it
obvious that a major shift in economic growth and its histori | w*********1
发帖数: 31 | 2 In a nutshell, 伊要政府出来支撑asset price, 包括股票,债券等等.basically, all
the mbs, cmbs, abs are trading under its intrinsic value supposedly, so
banks are under-capitalized.用脚趾头想就知道他夹带私货.pimco去年年底开始买
abs,cmbs,估计也亏了点.
其实花街想要的,其实也是financial stimulus package里面最effective的就是
treasury or fed come out to guranttee those bonds. geithner的plan里没有,
under delivered comparing to expectation, 所以股票大跌,今天mbs又跌了,
treasury 大长. | w*********1
发帖数: 31 | 3 say if you have $100 of TARP fund, if you go out buy $100 bond, you are only
help out $100 bond holders.
however, if you go out guaranttee this bond has a price of $100 (assuming
intrinsic value you calculated is $100), if in the end the actual value of
this bond is $95, you only used $5 of the TARP fund, you can actually help
out $500 bond holders.
basically wall street does not think the plan is big enough, there are about
3 trillion of ABS outstanding. And if treasury is going to do it by pie |
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