Free
Message: Trillion Dollars

Well put 3x10e6! Bob Moriarty puts world derivatives even higher (Dec 4) - part of the source of all evil - greed & instant gratification at the risk of others. Happy 09!

The Bank for International Settlements [BIS] tracks most derivatives, not all, but most. They just released the most current numbers recently. OTC derivatives are now up to an incredible $684 trillion dollars. They increased some $88.384 trillion from December of 2007 to June of 2008. World GDP probably increased about $27 trillion during the same period. Derivatives are increasing three times faster than the world economy and in fact, now dwarf the world economy.

Share
New Message
Please login to post a reply