tryan
Thinks s/he gets paid by the post
- Joined
- Mar 25, 2005
- Messages
- 2,604
My math classes taught me one thing, but what is a financial derivative? And why are banks playing with these things? The risk seems more adaptable to the insurance industry ... but what do I know?
DEBORCHGRAVE: Stock market time bomb? - Washington Times
The derivatives market is now estimated at $700 trillion (notional, or face, value, not market value). The world's gross domestic product in 2009: $69.8 trillion; America's, $14.2 trillion. The total market cap of all major global stock markets? A mere $30 trillion. And the total amount of dollar bills in circulation, most of them abroad: $830 billion (not trillion).
DEBORCHGRAVE: Stock market time bomb? - Washington Times