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lquadland10 (< 20)

Talk me down. Why the U.S. Economy Is Going to Get Much Worse



October 31, 2008 – Comments (2) | RELATED TICKERS: AUY , GLD

The derivatives market is worth more than $516 trillion, roughly 10 times the value of the entire world's output: it's been called the "ticking time-bomb." Unsurprisingly, this news comes to us from Britain; the U.S. media is not going to mention it.  I wish I had this news before the market closed.

2 Comments – Post Your Own

#1) On October 31, 2008 at 10:50 PM, nuf2bdangrus (< 20) wrote:

Much of those are a zero sum game, for every winner there is a loser.  That said, in an unregulated market, we don't know who can pay.  AIG out of dough already?  More to come.

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#2) On November 01, 2008 at 5:56 PM, lquadland10 (< 20) wrote:

Yep and this was 6 mos ago how much has been taken down and out?

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