I love your videos. What interests me is the deflation/inflation argument. I'm quite into the Austrian perspective, which is, at times of economic bust just let things be, let prices fall, let those who have made bad decisions face the consequences. From that point the economy will start rebuilding. In fact, they say it is at this point when bargain offers are available on the market then that will be a catalysis to start recovery. Why is that wrong or is it?
As I’ve gotten older I’ve become fascinated by stock market and investments. Of course, like many Ive got no formal education in these matters. Thank you Paddy for helping me understand so much now.
Paddy Hirsch, you are the best! Informative, straightforward, clear, concise and very entertaining. A lot of this stuff discussed on CNBC goes over my head but you simplify these abstract concepts for regular people like me with simple real life analogies we all can relate to and grasping the logic behind it all becomes painless. Keep up the great videos. I am a regular subscriber and a big fan of your RUclips channel.
Watched a few of his videos, concise, clear and has a wonderful way to explain complex subject in plain and fun language. Can't ask for better teaching.
$800 Billion Sub Prime loan from 2008 are still at Zero %. Have nit been paying 5+ years after 4-6 Modifications. THEY WILL NEVER PAY....... because these sub prime loan holders are part 7 Million Auto Loans 90+ days overdue?? Repo Car how can they work??? DOOM??? These Banks Buying large Amounts of Gold?
David, You are absolutely right!! Toxic Asset is simply a liability (not in the true accounting sense, but it is). And this liability cannot be quantified simply because no one know the size of such blackholes represented by TAs. And now Geithner comes up with this cool new name "Legacy Assets"... This is a all horseshit!
For us common people, don't use their words "toxic assets" and "sub-prime." In place of toxic assets, use words that reflect what happened. toxic assets translates to fraudulent contracts(FC), greed contracts(GC), the ultimate ponzi scheme(UPC), etc. For sub-prime loans, called it Prime Plus Loans(PPL). Some of you will come up with much better names than me. Make those names available. No what matter let us persist in avoiding their word coining words, terms, and phrases.
Excellent Video....If all of the Assets become "Toxic" Can we put all of the Zombie banks in Bankruptcy and let them open up Salad Bars instead because there will be an unlimited supply of Vinegar!
@camyoung30 not to get into an argument but that might be true. When people eat junk food what happens usually? They start not looking so good compared to when they were eating healthier foods. This could be the same with the government. The government is eating up toxic assets. These are the assets that no one wants because it is not a sound financial investment. Since these are assets that are not good for individual investors it probably is not good for a government either.
You are a great teacher.... two thumbs up.
this guys is amazing
I love your videos. What interests me is the deflation/inflation argument. I'm quite into the Austrian perspective, which is, at times of economic bust just let things be, let prices fall, let those who have made bad decisions face the consequences. From that point the economy will start rebuilding. In fact, they say it is at this point when bargain offers are available on the market then that will be a catalysis to start recovery. Why is that wrong or is it?
As I’ve gotten older I’ve become fascinated by stock market and investments. Of course, like many Ive got no formal education in these matters. Thank you Paddy for helping me understand so much now.
Still good, useful, thanks, appreciate
Paddy Hirsch, you are the best! Informative, straightforward, clear, concise and very entertaining. A lot of this stuff discussed on CNBC goes over my head but you simplify these abstract concepts for regular people like me with simple real life analogies we all can relate to and grasping the logic behind it all becomes painless. Keep up the great videos. I am a regular subscriber and a big fan of your RUclips channel.
LOL..."never saw a column for a toxic asset."
Classic. You go on with your "basic" accounting thinking.
Haha Greensill...
LEAVE IT TO AN IRISHMAN TO END ALL OF HIS THOUGHTS WITH...
"BADLY IN NEED OF A DRINK" LOL !
Very good set of modules ol, man !!
That was amazingly done. Thank you Sensei!!
What is the meaning of TOX in trading account ?
How to solve this problem?
Watched a few of his videos, concise, clear and has a wonderful way to explain complex subject in plain and fun language. Can't ask for better teaching.
$800 Billion Sub Prime loan from 2008 are still at Zero %. Have nit been paying 5+ years after 4-6 Modifications. THEY WILL NEVER PAY....... because these sub prime loan holders are part 7 Million Auto Loans 90+ days overdue?? Repo Car how can they work??? DOOM??? These Banks Buying large Amounts of Gold?
even i can understand this, but the question on my mind right now is will the yen get stonger or weaker?
David,
You are absolutely right!! Toxic Asset is simply a liability (not in the true accounting sense, but it is). And this liability cannot be quantified simply because no one know the size of such blackholes represented by TAs. And now Geithner comes up with this cool new name "Legacy Assets"... This is a all horseshit!
great video, one of the best.
@avster95 nice thought
Great video, man! Thanks a lot !
For us common people, don't use their words "toxic assets" and "sub-prime." In place of toxic assets, use words that reflect what happened. toxic assets translates to fraudulent contracts(FC), greed contracts(GC), the ultimate ponzi scheme(UPC), etc. For sub-prime loans, called it Prime Plus Loans(PPL). Some of you will come up with much better names than me. Make those names available. No what matter let us persist in avoiding their word coining words, terms, and phrases.
Excellent Video....If all of the Assets become "Toxic" Can we put all of the Zombie banks in Bankruptcy and let them open up Salad Bars instead because there will be an unlimited supply of Vinegar!
the way theyll save this is print more bills
@camyoung30 not to get into an argument but that might be true. When people eat junk food what happens usually? They start not looking so good compared to when they were eating healthier foods. This could be the same with the government. The government is eating up toxic assets. These are the assets that no one wants because it is not a sound financial investment. Since these are assets that are not good for individual investors it probably is not good for a government either.
Raise capital and negotiate secondary trading of equity and debt at UnifiedMarkets.
👍
People knows if they can pay or no its people fault why blame the banks🐽
How about all that laundered drug money? I guess that was providing the banks with liquidity.
beautiful analogy
New character monopoly
Thks I great videos.
fine teacher.
Great explanation. Keep it up. Regards.
Vviiv
viratanAGArs. n po
Trick question. They are all toxic assets
Gold finger 😎
Hes english not irish
why did you need 9 mins to tell us that-? u cud have done all of that in 3mins. Are you a toxic?