*meow meow -- FOOD
Wednesday, October 29, 2008
Tuesday, October 28, 2008
周杰伦 - 稻香
The first time when i watched this MV, it touched me. A very simple, honest, encouraging message.
Saturday, October 25, 2008
Tuesday, October 21, 2008
Thursday, October 16, 2008
Wednesday, October 15, 2008
china car restrictions..
It is ironic eh? The rich never gets touched...
Getting round it
haaaaaaaaaaa.......................
Getting round it
Car restrictions have been re-introduced in Beijing, in an effort to cut pollution. The BBC asks Beijingers their views.
Ouyang Shaonan, 23, a businessman
This is a good policy that means there will be fewer cars on the road. It will not affect me because I have two cars. If I cannot drive on one day, I will use my other car.
haaaaaaaaaaa.......................
Monday, October 13, 2008
Thanksgiving at Mont Tremblant
It is a holiday on Monday, today. Thanksgiving is traditionally dedicated to Canadian farmers who have toiled hard throughout the year and it is the time to celebrate their harvest. For us,... its another reason to just enjoy alittle rest. So, a friend of mine rented a car.. n.. we went to Mont Tremblant, to look at the pretty leaves.. relax, breathe some mountain air. =)
Wanabe monkey!
Froggie...
Dont you think the architecture is pretty!
I ROCK!
hrm.. where is the ball...
Guess where am i...
a pretty baby falconAnyhow.. work starts tomorrow..
Wednesday, October 01, 2008
Useful up-todate terminologies
A-C
A rescue mechanism for UK companies in severe trouble. It allows them to continue as a going concern, under supervision, effectively to try to trade out of difficulty.
A firm in administration cannot be wound up without permission from a court.
Bear market In a bear market, prices are falling and investors, anticipating losses, tend to sell. This can create a self-sustaining downward spiral.
A debt security - or more simply an IOU. The bond states when a loan must be repaid and what interest the borrower (issuer) must pay to the holder. Banks and investors buy and trade bonds.
A bull market is one in which prices are generally rising and investor confidence is high.
The term for bankruptcy protection in the US. It postpones a company's obligations to its creditors, giving it time to reorganise its debts or sell parts of the business, for example.
Commodities are products that, in their basic form, are all the same so it makes little difference from whom you buy them.
That means that they have a market price. You would be unlikely to pay more for iron ore from a particular mine, for example.
The situation created when banks hugely reduced their lending to each other because they were uncertain about how much money they had.
This in turn resulted in more expensive loans and mortgages for ordinary people.
A swap designed to transfer credit risk. The buyer of the swap makes periodic payments to the seller in return for protection in the event of a default.
A bank which owns a lot of mortgage debt could swap it, but would have to make a pay-out if those mortgages were not repaid.
D-F
Derivatives are a way of investing in a particular product or security without having to own it. The value can depend on anything from the price of coffee to interest rates or what the weather is like.
Derivatives can be used as insurance to limit the risk of a particular investment.
Credit derivatives are based on the risk of borrowers defaulting on their loans, such as mortgages.
In a business, equity is how much all of the shares put together are worth.
In a house, your equity is the amount your house is worth minus the amount of mortgage debt that is outstanding on it.
A home-made, belt-tightening version of a takeaway - think, a curry made with a jar of sauce, bag of rice and a packet of poppadoms from the supermarket.
A futures contract is an agreement to buy or sell a commodity at a predetermined date and price. It could be used to hedge or to speculate on the price of the commodity.
H-K
A private investment fund with a large, unregulated pool of capital and very experienced investors.
Hedge funds use a range of sophisticated strategies to maximise returns - including hedging, leveraging and derivatives trading.
Making an investment to reduce the risk of price fluctuations to the value of an asset.
For example, if you owned a stock and then sold a futures contract agreeing to sell your stock on a particular date at a set price. A fall in price would not harm you - but nor would you benefit from any rise.
Techniques used by drivers to get more miles to the gallon, such as coasting in neutral and keeping tyre pressure high.
Investment banks provide financial services for governments, companies or extremely rich individuals. They differ from commercial banks where you have your savings or your mortgage.
L-P
Leveraging, or gearing, means using debt to supplement investment.
The more you borrow on top of the funds (or equity) you already have, the more highly leveraged you are. Leveraging can maximise both gains and losses.
Deleveraging means reducing the amount you are borrowing.
London Inter Bank Offered Rate. The rate at which banks lend money to each other.
The liquidity of something is how easy it is to convert it into cash. Your current account, for example, is more liquid than your house.
If you needed to sell your house quickly to pay bills you would have drop the price substantially to get a sale.
For financial institutions, the sum of their loans divided by the sum of their deposits.
Currently important because using other sources to fund lending is getting more expensive.
Recording the value of an asset on a daily basis according to current market prices.
So for a futures contract, what it would be worth if realised today rather than at the specified future date. Also marked-to-market.
Refers to a situation in which the value of your house is below the amount of the mortgage that still has to be paid off.
When a company issues a statement indicating that its profits will not be as high as it had expected. Also profits warning.
R-T
Bonds are rated according to their safety from an investment standpoint - based on the ability of the company or government that has issued it to repay.
Ratings range from AAA, the safest, down to D, a company that has already defaulted.
A person who manages to look fashionable on a tight budget.
Turning something into a security. For example, taking the debt from a number of mortgages and combining them to make a financial product which can then be traded.
Banks who buy these securities receive income when the original home-buyers make their mortgage payments.
Essentially, a contract that can be assigned a value and traded. It could be a stock, bond or mortgage debt, for example.
A technique used by investors who think the price of an asset, such as shares, currencies or oil contracts, will fall. They borrow the asset from another investor and then sell it in the relevant market.
The aim is to buy back the asset at a lower price and return it to its owner, pocketing the difference. Also shorting.
A term popularised in World War II for flashily-dressed chancers involved in black market dealings. A fictional spiv is ladies' man Private Joe Walker in Dad's Army.
Newspaper headline writers use "spiv" as shorthand for traders who play for high stakes.
The dreaded combination of inflation and stagnation - an economy that is not growing while prices continue to rise.
Staying at home for your holiday in a bid to save money.
These carry a higher risk to the lender (and therefore tend to be at higher interest rates) because they are offered to people who have had financial problems or who have low or unpredictable incomes.
An exchange of securities between two parties. For example, if a firm in one country has a lower fixed interest rate and one in another country has a lower floating interest rate, an interest rate swap could be mutually beneficial.
U-Z
To unwind a deal is to reverse it - to sell something that you have previously bought, or vice versa.
When administrators are called in to a bank, they must do the unwinding before creditors can get any money back.
Reducing the book value of an asset to reflect a fall in its market value. For example, the write-down of a company's value after a big fall in share prices.
FYI: this is copied from BBC.co.uk...
http://news.bbc.co.uk/2/hi/uk_news/magazine/7642138.stm
Subscribe to:
Posts (Atom)
