EG :: Volume #18

#1717: The situation is grim

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When global financial market was shaken seriously, the stock, stock, bond fell in abundance, but many people actually discovered that crude oil and golden price actually about fluctuation of keeping, even can say that simply has not fallen, instead small dramatic increase. 在全球金融市场受到严重震荡的时候,股票、期货、债券等纷纷下跌,但是很多人却发现,原油和黄金的价格却在不停的上下波动,甚至可以说根本没有跌,反而小幅度上涨。 First is these floating capital of the bond and stock market fleeing, enters the futures market in abundance, the stock is also the goods, is considered as on is the material object. 首先是那些从债券、股票市场出逃的游资,纷纷进入期货市场,期货也是货,算得上是实物。 They can also the bond anything's realization, turns into US dollar anything save, but US dollar is depreciating, they save money also owe. 原本他们还可以将债券什么的变现,变成美元什么的存起来,但是美元在贬值啊,他们存钱也是亏的。 Falling of stockmarket, various types of advantage spatial news appeared in addition, cause massive investor to flee. Naturally , some investment fund seize the chance to sell short stockmarket, operates the profit reverse. 股市的下跌,加上各种利空的新闻出现,引起了大量的股民出逃。当然,也有一些投资基金趁机卖空股市,反向操作获利。 What what a pity was this quick cannot do, was not Government anything does not permit, but did not have financial Corporation to be willing to borrow the stock to you. 可惜的是这个很快也不能做了,不是政斧什么不允许,而是没有金融公司肯借股票给你了。 Everyone knows that stockmarket falls seriously, why can that also lend your stock? 谁都知道股市下跌严重,那为什么还要借给你股票？ Before invested the Corporation financial leverage multiple to increase unceasingly, from five times to ten times, to 30 times, even some Corporation, caused 50 times of superelevation multiple financial leverage again. 之前许多投资公司的杠杆倍数不断攀升,从五倍到十倍,再到30倍,甚至有的公司,弄出了50倍的超高倍数杠杆。 Do not think that these invest Corporation are silly x, makes such high multiple financial leverage to court death. They can buy the insurance, an insurance of credit violation exchange. 不要以为这些投资公司就是傻x,弄这么高倍数的杠杆是找死。他们可以买保险,一种信用违约互换的保险。 bank cannot use these high-power financial leverage, but these fund Corporation what, they use high-power financial leverage to invest, risk too greatly what to do? 银行是不能使用这些高倍杠杆的,但是那些基金公司什么的可以,他们用高倍杠杆进行投资,风险太大怎么办？ Buys the insurance. Naturally, this is not insurance in the traditional sense, but the actual result and insurance are the same. 买保险啊。当然,这不是传统意义上的保险,但实际效果与保险相同。 Fund Corporation looked for bank saying that my here investment risk was very high, did you help me make the loan defaults to insure what kind of? Ten years, I pay your insurance premium one every year hundred million, this is ten hundred million US dollars. 基金公司找银行说,我这边投资风险很高,你帮我做贷款违约保险怎么样？十年时间,我每年付你保费一个亿,这就是十个亿美元啊。 If I have not broken a contract, then this insurance premium your Bai Na, moreover you took my insurance premium investment, definitely can also gain one again right? 假如我并没有违约,那么这笔保费你就白拿了,而且你拿了我的保费投资,肯定也能再赚一笔对吧？ If I have broken a contract, then you must help me lose money. 假如我违约了,那么你要帮我赔钱。 What Party A thinks, I use financial leverage to invest, the profit is in itself the several fold, hundred million buys the insurance with ten, I have the profit. 甲方想的是,我用杠杆投资,利润本身就是数倍,拿出来十个亿买保险,我还是有利润。 After Party B analyzes believes that the risk that Party A breaks a contract is extremely low, possibly also 1%, then this insurance can do, the profit is not low. 乙方进行分析后认为,甲方违约的风险极低,可能也就1,那么这个保险可以做,利润也不低呢。 One words, then the profit is not specially many, but if can draw the same 100 customers? Did 100 billion insurance money receive? 只有一家的话,那么利润不是特别多,但如果能拉来同样的100家客户呢？岂不是就有100000000000保险金收了？ Like this even if some really bad luck lost money to break a contract, I also richly could repay. With the insurance premium payment insurance payments of other policy holders, this is in itself insures Corporation normally manages method/trick. 这样哪怕其中某一家真的倒霉赔钱违约了,我也有钱赔得起啊。用其他投保人的保费支付保险赔付,这本身就是保险公司的正常经营手段。 Therefore bank sells this credit violation exchange to major fund Corporation the insurance contract, charges the Corporation insurance premium, they were safe. 于是银行向各大基金公司推销这个信用违约互换的保险合同,收取更多公司的保费,他们就安全了。 But this profit needs ten years to attain thoroughly, too slow some are right? 可是这个利润要十年才能彻底拿到,太慢了一些对不对？ Therefore they discussed with the third party that my these contracts, valued at 100 billion US dollars, but needs ten years to attain, now sold to your 50 billion US dollars, do you want? 于是他们跟第三方谈,我这些合约,价值100000000000美元,但是要十年才能拿到,现在卖给你50000000000美元,你要不要？ After bargaining, the third party by 40 billion US dollars price, buys these 100 billion US dollars contracts, Party B falls bag 40 billion US dollars profit directly. 经过讨价还价,第三方以40000000000美元的价格,将这100000000000美元的合约买走,乙方直接落袋40000000000美元利润。 The third party also thought that probably ten years of some were too many, therefore after he also this marked price , the license sells, 400 five One billion US dollars, attract the four directions purchase, hands over, they also fall the bag of five One billion US dollar profits with ease. 第三方也觉得好像十年时间有些太多了,于是他也将这个标价后挂牌出售,400五十亿美元,吸引第四方购买,一转手,他们轻松也落袋五十亿美元利润。 After such layer upon layer hands over, in addition the attraction of this pattern, the market of this type of insurance contract, became extremely huge, the total quantity has exceeded 60 trillion US dollars. 经过这么层层转手,加上这种模式的吸引力,这种保险合约的市场,已经变得极为庞大,总量超过了60000000000000美元。 Above these all financial institutions of participation, made money, they gain, basically from at first that Corporation with the secondary loan stock that financial leverage operates, but these loans, pressed finally completely above these credit institutions and lenders. 上面这些所有参与的金融机构,都赚了钱,他们盈利,基本上都是来自最初那家公司用杠杆操作的次级贷款债券,而这些贷款,最终全部压在了那些信贷机构和贷款人头上。 Therefore in this only then the credit institution and lender have owed, other people can make money. Normally bank will therefore not lose anything, but bank is also the credit institution, even bank following fund Corporation, invests secondary loan stock anything. 所以这里面只有信贷机构和贷款人亏了,其他人都能赚钱。按说银行因此不会损失什么的,但偏偏银行也是信贷机构,甚至银行下面的基金公司,也投资次级贷款债券什么的。 When the lender breaks a contract, this must have insurance contract Corporation to pay damages. 当贷款人违约的时候,这个就要持有保险合约的公司赔付了。 The last taking over a business hero has had then bad luck, they must pay for this insurance. If only then not mattering of such 1-2 violations, they can withstand. How however they cannot think, violation lead unexpectedly such high. 然后最后一个接盘侠就倒霉了,他们要为这个保险所买单。如果只有那么一两个违约的无所谓,他们能够承受。但是他们怎么都想不到,违约率竟然会如此之高。 From 0% several, turn into 0% several, insurance premium where is so high, let alone they layer upon layer hand over. 从0几,变成0十几,保险费哪有那么高啊,更何况他们还是层层转手的呢。 Last taking over a business hero could not shoulder to go bankrupt, upwardly will affect, then step by step affected the entire chain link. 最后一家接盘侠扛不住要破产了,就会向上波及,然后一步步的波及整个链条。 At this time, everybody started to look for Government. We must go bankrupt, doesn't Government manage? 这时候,大家就开始找政斧了。我们要破产了,政斧不管吗？ But you think that initially received many insurances, the money of but paying damages, has actually been over insurance money dozens over a hundred times, even is higher. 可是你想想,当初才收了多少保险啊,但是赔付出去的钱,却超过了保险金数十上百倍,甚至更高。 US Government not these much money what to do, simple, they have two group jumbos, therefore two groups are forced to swallow this type of rotten contract again. 米国政斧没有这么多钱怎么办,简单啊,他们有两房集团这种巨无霸呢,于是两房集团被迫再吞下这种烂合约。 Government take action, fund Corporation that then these must unable to shoulder, many starts announced that went bankrupt. Their some parent company were some big financial groups, these losses cannot shoulder. 政斧出手,那么那些要扛不住的基金公司,更多的开始宣布破产了。本来他们有一些的母公司属于一些大财团,这些损失不是扛不住。 However now Government has taken over, throws directly well the burden. Their financial groups, is giving a thought to own benefit for first first. 但是现在政斧接手了,直接将包袱丢出去多好啊。他们那些财团,还是先顾着自己的利益为先。 Therefore situation of bankruptcy is getting more and more serious, Company goes bankrupt, the personal being broke, this figure is rising dramatically. 于是破产的情况越来越严重,企业破产,个人破产,这个数字都在飙升。 Also at this time, cow announced the series of measures, in view of the poor person, this attracted too many people to give him the ballot. 也是在这个时候,奥巴牛宣布了一系列措施,都是针对穷人的,这吸引了太多人给他选票。 He also declared that the US starts to the war of Afghanistan, radically is a mistake. If the eternal truth expects with them the rapid solution fight is also like that good, but towed to be so long, has burnt out the economy of US directly. 他还宣称,米国发动对阿富汗的战争,根本就是一个错误。如果真如同他们预料的那般迅速解决战斗也行,可是拖了这么久,直接拖垮了米国的经济。 George Bush must leave office in any case, at this time any evil reputation, screwed on toward his head. Many policies are country ~ will decide that the George Bush authority is not big. 反正小布十要下台了,这时候什么屎盆子,都往他脑袋上扣。许多政策都是国~会决定的,小布十的权力远没有那么大。 The person of George Bush family, in behind diligently, wants constraining that goes all out, at least lets George Bush calm and steady resigning, then troubles to lose to the successor, when to prevent their family presents the campaigner again, this matter by the match takes to criticize. 小布十家族的人,也在背后努力,想要拼命的拖住,至少让小布十安稳的卸任,然后麻烦丢给继任者,以防止他们家族再出现竞选者时,这件事被对手拿出来攻讦。 Economic situation in US even more stern, that side Europe seriously was also affected, UBS lost money. 米国的经济形势愈发的严峻,欧洲那边也受到严重影响,就连瑞银都亏损了。 At this time, many funds simply escaped from the US market, changed the European market, reason that actually this was also the European that side the reason of big effort bailout, attracted these floating capitals to join, making their economy improve. 这个时候,许多资金干脆逃出米国市场,转向了欧洲市场,其实这也是欧洲那边之所以大力度救市的原因,吸引这些游资加入,让他们经济变好。 Reason that the economic situation in US is very good, can attract world many foreign capitals to be related with them. 米国的经济形势之所以很好,也跟他们能吸引全世界最多的外资有关。 These funds to Europe, really have been similar to like that joined the futures market that Feng Yu they expect . Moreover the investment were most, was the crude oil and gold. 那些资金到了欧洲,果然如同冯宇他们预料的那般,加入到了期货市场,而且投资最多的,就是原油和黄金。 After Feng Yu they see these news, relaxed, it seems like that the crude oil rose to about 100 US dollars, was not a problem! 冯宇他们看到这些消息之后,都放松了许多,看来原油涨到100美元左右,不成问题了！ When Feng Yu is cheerful, Feng Yu a business of important partner, presented the serious problem. 在冯宇乐呵呵的时候,冯宇的一个重要合作伙伴的生意,却出现了严重问题。 ......( To be continued.) ……(未完待续。)
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