topped $604 trillion worldwide at the end of June 2009".
" To comprehend the relative magnitude of derivative
contracts globally, the CIA Factbook estimates the 2009
Gross Domestic Product of the world was just under $60 trillion.
Does anyone else here see a problem with the figures above?
Next bubble: $600 trillion?
Cities, states, universities could sink from monster derivatives meltdown
Posted: April 19, 2010
9:40 pm Eastern
By Jerome R. Corsi
© 2010 WorldNetDaily
|Bank of International Settlements in Basel, Switzerland|
The hedge-fund and derivatives markets are so highly complex and technical that even many top economists and investment-banking professionals don't fully understand them.
Moreover, both the hedge-fund and the derivatives markets are almost totally unregulated, either by the U.S. government or by any other government worldwide.
But losses on derivatives are not limited to government entities.