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dwot (28.88)

Those Deriviate Things...

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November 03, 2008 – Comments (3)

Seriously, reading the news is very stressful...

 As I have stated previously, it was about 2 years ago that I heard about these derivative things and the vast dollar amount of them, something like 40 times the US economy.  That was so significant to me that I started seeking out more information about them because I simply could not see how these could could result in any good what-so-ever.  

Well, Big Picture has a post looking at basically could have, would have, should have... 

There was so much time to stop, slow down, or try to fix this, instead nothing was done.

3 Comments – Post Your Own

#1) On November 03, 2008 at 9:19 PM, lquadland10 (< 20) wrote:

From 6 mos ago  Why the U.S. Economy Is Going to Get Much Worse 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. http://articles.mercola.com/sites/articles/archive/2008/10/28/why-the-u-s-economy-is-going-to-get-much-worse.aspx"

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#2) On November 03, 2008 at 9:43 PM, Tastylunch (28.55) wrote:

Arrognance hurt us, let's hope incompetence doesn't finish the job

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#3) On November 05, 2008 at 1:57 AM, EnergyCzar79 (30.27) wrote:

Tasty,

 

Don't forget 'brinksmanship'.

 

The one thing I fear most in the world is a person with nothing to lose and everything to gain by holding their current position. Or those who would take others down with them out of pure malice and spite. That is a very dangerous opponent indeed.

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