Rumor Mill News Reading Room Archive

UPDATED "DERIVATIVE MESS": NOT 450 BUT ALMOST $700 TRILLION...

Posted By: FarSight3
Date: Thursday, 24-Jan-2008 04:47:43

In Response To: STATEMENTS FROM 1929 NEWS LETTERS FROM NAT'L CITY BANK OF NY, (NOW CITIBANK) (Watchman)

According to the last year's figures from the Switzerland-based Bank for International Settlements (BIS) the Derivatives have jumped by 27% to a record $681 Trillion in the third quarter 2007, the biggest increase in three years. And you can bet that by the latest FED prime cut, following the latest "crises", the carousel will spin even faster... Far Sight 3

Articles In This Thread

STATEMENTS FROM 1929 NEWS LETTERS FROM NAT'L CITY BANK OF NY, (NOW CITIBANK)
Watchman -- Wednesday, 23-Jan-2008 22:43:26

UPDATED "DERIVATIVE MESS": NOT 450 BUT ALMOST $700 TRILLION...
FarSight3 -- Thursday, 24-Jan-2008 04:47:43