Tuesday, October 02, 2007
recess week is over. and my hectic schedule too.
3 things on monday:
bf214 presentation, bf214 quiz and hp204 personality quiz
presentation:
it was a great success. prof was amazed how simply we could explain the link between subprime crisis and carry trade. haha.
but he doesnt know how much effort we've put in
to digest the information we gathered, and to understand the link between subprime mkt and carry trade
carry trade = borrow at low interest currency and invest in high interest currency
subprime loans means loans given to pple with poor credit history
so subprime loans are risky
thus banks convert the loans into collaterized debt obligations (CDOs) to be sold to investors
because of banks' intervention, investors were willing to buy the CDOs
they buy using Yen carry trade = borrow yen, exchange for US dollar and invest using US dollar --> earn the yield between the 2 int rates
subprime mkt crisis --> borrowers unable to repay --> banks cannot pay investors --> investors unwind carry trade position --> Yen appreciates --> more prob to investors cos earnings depend on int spread
if yen appreciates, the spread will become narrower and the investor earns less or may even suffer a loss
Main assumption of investors:
1) Japanese economy will not recover
2) other countries will not do anything to help Yen appreciate
so the key qn: why is there unwinding of carry trade positions when investors believe that Yen will not appreciates --> subprime crisis
this is basically the main idea of my project
sounds easy? haha.
anyway, was super angry at my team member - Jinjie
he's totally a free-rider!!!
ask him to come for meeting, he say he has to work. cannot come for meeting
but he claims that he has done his part and has over 700 words, which i dun believe at all
ok. fine.
send him what we've done and the slides. ask him to comment. no reply
then call him, sms him. never reply.
suppose to let him and another teammate, Justin to present
only justin replied
in the end, onli justin presenting.
HE IS SO KNS!!! F*** YOU, JJ
we are the first group to present. so we dinno what to expect from the prof.
he asked all the grp members to go up even though we're not presenting
prof said he'll ask qn.
can you imagine how chua sai JJ feels?!
cos he doesnt know anything!
but it was smart of him to just stay at the back and keep quiet
DAMN YOU JJ.
but in the end prof onli poses qn to the whole group, not individually
so he just kept quiet.
do you know how much we've gone thru
me and kailing
we spent our entire 2 days doing the project lor
kailing had 3 quizzes on mon
i had 2
plus i have training 6 out of the 9 days of hols (though i skip one to attend FYP course)
we're so freaking running out of time and we have to clean things up for these kind of ppl
the 2 ang mohs in my team went on hols during recess, but still got do their job, although not a lot
ely and minghui did their part. but during the meeting, they're working on another project of another module
so they din participate in the meeting at all, though they're physically there
justin din come cos his grandpa is hospitalized
and then the f***ing son-of-the-bitch said he has to work. cant come.
what's left is onli kailing and me
we had to edit and summarize the ang moh, our and ely & minghui's part
then comes monday, justin said he did the same thing as ely and minghui
that means what kailing and i did is basically what our report will be
diaoz.
that means we did almost EVERYTHING for EVERYONE.
the feeling sucks totally k
end of complaining. blood still boiling tho
bf214 quiz was ok. open book. haha
but personality quiz sucks totally
it was like a real exam
20 short ans qn and 5 essays in 2 hours. omg
i seriously think the prof is crazy
this is only mid-term quiz for goodness sake!
but it was fun. cos i crap a lot
one example:
define 'experience sampling'
i wrote:
experience = expertise
it is to use expertise of a certain area of interest as the sample base, to collect data for the experiment
actual meaning:
to get a group of ppl to be tested everyday for a few weeks
haha. my ans is way off. im super crappy i know. even kailing laughs at me
ok. sch is fun i guess.
u get to know and interact with shitty ppl, as well as ppl who are nice
and getting to know crazy profs. haha.
I love my world:D
6:24 PM
