IDK! but I like it!

'1. Synthetic CDO is offloading PAYOUT of Own Credit Default Swap to other finance institution (Insurance company).

2' In order to create Synthetic CDO, it requires create Credit Default Swap (sell). Because it derives from Credit Default Swaps.

'1. Where Premium derive from.

'2. Premium Amortizing, Present Value of Principal, Present Value of Int. Rate (Mortgage Annuity Formula).

'1. Мораль всей басней "Мы все не ровный".

'2. "Богатство даёт власть. Власть даёт богатство. Круг замыкается."

'1. Центральный банк меняет валюту из нац.фонда чтобы оплачивать зарплату учителям, врачам и т.д.

'2. Центральный банк покупает волюты для ЕНПФ, чтобы насытить валютный портфель, ЕНПФ прописан на этот год.

'3. Укрепление тенге на этот год был не логичным, оно крепло не на налоговый неделе, не на хороших отчетности, не на хороший цене на нефти, оно крепло на паводках и мы брали из нац.фонда очень много денег, чтобы покрыть дефицит бюджета и покрыть ущерб от паводков.

'4. При слабом тенге бюджет будет сходится, так как бюджет в тенге, а экспорт в волюте, чтобы закрывать дефицит.

'5. Если мин.фин в лице правительство и нац.банк договорятся, тогда тенге может пойти вниз и тенге может дойти до 500 за доллар.

'1. Burry's tipping point is The introduction of the interest-only adjustable-rate mortgage. Interest-only arm. Created additional tool for stimulate house market more.

'2. Burry's statement: "Countrywide financial" a very large national mortgage lender reported subprime mortgage originations up 130%-58% year over year despite a 24% decline in overall loan originations. Evidence was therefore manifest banks were chasing bad credits.

'3. Surely the top of the market (Graph for "Median Sales Price of Houses Sold") will be marked by non-creditworthy borrowers being given big mortgages with almost no monthly repayment.

'4. Mortgage Loans were being turned into securities that means that they had mandatory regulator filings that they had to put in with the SEC, which meant that this was all public information and could read about them.

'5. Banks offering a new type of loan, The Worst of The Worst, The interest-only, negatively-amortising adjustable-rate subprime mortgage. This type of loan is for someone with no income. This type of loan will work only if house prices continued to appreciate.

'1. Short stock is more complicated compare to Long

'2. "Cover short", Margins (Buffer), Initial Margin (50%), Margin Call, Maintenance Margin (30%), Stock Dividend, Interest rate for borrow (2.5% - 20%), Buy-in Risk, Short Squeeze, Skewed payoff.

'3. Return value depends on Invested value (Initial margin)