During this period of time, the US stocks fuse three times, and the Dow is flying down 3,000 feet, falling 30% in just one week, close to the last subprime mortgage crisis in 2008.
So I turned out this "Big Short", and then aftertaste.
Financial professionals are all too smart. Struggling to change the way to engage in financial innovation, financial derivatives.
Ordinary people, who would have thought that banks would pack all their mortgages into bonds and sell them to investors? Moreover, it is still AAA, and the rating is similar to bonds with government credit guarantees such as treasury bonds and government bonds. Of course, the subprime loans were also packaged and turned into bonds with a slightly lower grade. As a result, the bank made a lot of ill-gotten wealth from this business.
As for the relevant financial-related companies, rating agencies, investment banks, and agency agencies, everyone keeps one eye open and one eye closed, not trying to figure out the hidden risks behind this. The rating department is even more for money. White can be said to be black. The risk control system of various financial institutions is in vain, and ordinary investors and consumers are the most hurt. Either assets have shrunk drastically and are in vain, or the house is closed, homeless, and unemployed.
In fact, we should not just watch the US financial crisis and gloat. In fact, in ZG, financial product innovation and derivatives have copied a lot from the old United States, so the financial risks are not too far away from us.
Briefly say two. P spit P, and some pits in public and private equity.
Now everyone basically can’t see the P or P platform. In order to prevent financial risks, they are basically shut down. There are not a few investors who lose money. Why are there risks? Let’s just give an example, borrowing on the platform. People need mortgages. Some borrowers hang a house on n platforms and borrow a lot of money, but there is only one house. When the time comes, the money for the house is not enough to repay.
Public funds, some time ago, when the market was good, they were very hot, often over-issued, and could not buy them. In fact, few investors went to the bottom of the fund to investigate what exactly was invested in the fund? There are so many types of funds, and the mixed type, there is no special limit to the investment range, stocks, bonds, notes, currencies, everything can be invested. And just bonds, there are n multiple categories, treasury bonds, corporate bonds, convertible bonds, there are more ways to go, and sub-prime loans like the United States can also be packaged into bonds. If investors don't know what's inside, once the risk comes, it is really called every day to avoid it.
There are also popular ETF index funds, which must allocate stocks on the market in proportion. For those stocks that are not actively traded, once the market plummets and is redeemed by large-scale ETF funds, the fate of these stocks is a continuous lower limit and cannot be sold. . The net value of ETF funds has also plummeted. The plummet of U.S. stocks this time has also contributed to ETF funds to a certain extent.
Private equity, not to mention, there are more pits. Not only angels and equity investments, but also all messy things can be packaged into funds for you. What is a corporate project, overseas real estate is split into shares, commercial real estate Rent can be packaged for you as a contractual fund and sold to you. I don't understand the doorway inside. Once the project defaults and cannot be paid, it will be too late to look back at the contract.
Therefore, whether it is the United States or ZG, this financial risk has never been far away. If you want to consume financial products, you still have to be more mindful. Faced with layers of derivatives, it is always good to be cautious.
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