請想參加的伙伴請直接到meeting現場即可，不用事先報名。^_^
1. 自介：Bliss English Club is a wonderful and cool place running since 1997
where you can learn English, make friends and have fun.
2. 對象：People who are interested in English.
3. 目標：Using English to learn about the world.
4. 原因：Want to learn English, make friends and have fun~ :p
5. 地點：台北市民族西路33號4樓or5樓，圓山捷運站1號出口直走,
步行約3分鐘, 民族西路與玉門街交叉口的白色建築物.
(進入樹樂集餐廳裡, 現場會有指示在4樓還是5樓聚會)
6. 時間：Almost every Saturday 14:30~17:30
7. 方式：We speak English during meeting time.
(Of course, out of the meeting at dinner time, we speak Chinese)
A meeting could be any form that designed by the host: group
discussion, writing, watching movies, games, debate, personal
presentation,etc.
It's fun because we can always learn from others' expertise and
experiences during all kinds of meeting.
8. 範圍：A topic could be any subject, from Astronomy, product innovation,
literature to art.
9. 人數限制：No
10.解散條件：No
11.運作規則：餐廳最低消費$140
12.本周主題：<Bliss Meeting Notice> <QE---“The Big Short Part II” by Archer
on 7/16 >
My dear Blissers,
QE????
How QE emerges from the world?
How it operates?
How it brings impacts to the world?
How it influences on our investment portfolio?
Preceded by the economic tsunamis in the movie” The Big Short Part I”, the
world would have to endure its bitter fruits, which our insightful host,
Archer, is going to weigh over this coming Saturday!!!
Let’s learn this economic trend (QE) with Archer NOW!!!
Introduction of the meeting:
Remember? Last week, at the end of the movie, Mark said, “I just know that
at the end of the day, average people are going to pay for all of this
because they always, always do.”
This week we are going to see how we pay for this fraud!!!
Meeting Agenda
2:30 ~ 3:00 self-introduction and share your QE impressions
3:00 ~ 4:00 (QE Quantitative Easing) Definition and why they need QE
15-minute break
4:15 ~ 5:20 causes and effects of “Inflation and deflation” related to QE
5:20 ~ 5:30 Reflections at the end of the meeting
Recap of “The Big Short” By Archer on 7/9
Host: Archer
Topic: The Big Short
Meeting Photos:
https://plus.google.com/u/0/photos/101726755048448689917/albums/6306127703544618049
Participants:
Archer, Annie, J.T., Vanessa, Joe, Daniel Yang, Kevin Ting, Sandy Kuo,
Sharleen, Vicky Lu, Ian Wang, Nina Chen, Jenny Wang
New Blisser:
Ian Wang -
https://plus.google.com/u/0/photos/101726755048448689917/albums/6306127703544618049/6306127746921617618?pid=6306127746921617618&oid=101726755048448689917
Nina Chen and Jenny Wang-
https://plus.google.com/u/0/photos/101726755048448689917/albums/6306127703544618049/6306127745512169490?pid=6306127745512169490&oid=101726755048448689917
During the meeting
As our devoted host, Archer, was professional and well-prepared, the meeting
proceeded as scheduled. We were glad we had three new Blissers, Ian Wang,
Nina Chen, and Jenny Wang who paid first visit, attracted by this
Globe-related topic via PTT and FB. Impressively, Archer brought his teaching
aid-Wooden Building Block to illustrate the economic crisis of 2008.
Housing Market Boomed
In the beginning, housing markets prospered and a lot of people made money by
buying and selling their houses, for which were not only places to live in
but also a good investment in the American Markets. Surely the bankers also
earnedcommissions and interests from the housing loans. Therefore, followed
by the market craze about Banking and Housing Loan business, the Mortgage
Bond of Real Estate was considered secure and solid.
Housing Market Collapsed
However, the trend turned around. The housing prices got lower; people
started to lose more money; accordingly, there were fewer and fewer profits
in the banking and loaning business.
Shaping Bubbles
To ensure loaning profits, bankers lowered the loan threshold at risk of more
mortgage delinquencies. In such vicious circle, the bubble began bigger.
Falsified Mortgage Bonds
To dig more profits in the market, bankers created AAA Bonds named CDO
(Collateralized Debt Obligation) and SCDO (Synthetic Collateralized Debt
Obligation) by bundling up the fewest% of AAA rated collateral, fewer %of BBB
one and most% of CCC one (trash bonds) via the Rating Agencies like Moody’s .
Aftermath
Soon the bonds prevailed in the markets at risks of declining economy.
Finally, the bubbles broke. The crisis cost 5 trillion loss in pension and
real estate value; 5 Bonds disappeared; 8 million people lost their jobs; 6
million people lost their home. Then FED started to bail out...
Reflections
We might have watched the movie “The Big Short” or heard about the 2008
crisis, but we understood more details from this meeting. Thank our host,
Archer and all the participants for the efforts and attendance.
How to Save the Market—Part II
You may wonder How the Government Saved the market. It was another story!
Come and find it out!
1. 樹樂集 Treellage Life Cafe
地址：台北市民族西路33號4樓，圓山捷運站 1號出口直走, 步行約3分鐘, 民族西路與
玉門街交接口, 一棟白色建築物. (進入樹樂集餐廳裡, 在櫃檯點餐時,請按旁邊告示牌指
示, 走樓梯上4樓或 5樓)
2. 最低消費用: 每人下午茶費用, 約140左右.
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※ 文章網址: https://www.ptt.cc/bbs/StudyGroup/M.1468333396.A.9FE.html