Commentary: Derivatives are house of cards that threaten "market mishap"
Commentary: Derivatives are house of cards that threaten "market mishap"The value of the world's derivatives markets is now estimated at about $300 trillion. But since the total value of the stocks and bonds markets is only $65 trillion, derivatives are "essentially fake," according to a columnist for MarketWatch, and regulators should be worried now that "cracks are beginning to appear in the hall of mirrors Wall Street has designed."
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posted by Victor Lloyd Smith @ 11:26 AM
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