July 29, 2015

Global Derivatives: $1.5 Quadrillion Time Bomb

When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives.

Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes. Read more.

Global Research

Related,
Citigroup Overtakes JPMorgan as Top U.S. Derivatives Dealer - Bloomberg

Wall Street Faces New U.S. Scrutiny of Derivatives Tactic - Bloomberg
U.S., EU officials clash over derivatives rules - Reuters

The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives - The Economic Collapse

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