[ExI] The bailout
scerir at libero.it
Tue Sep 30 14:24:39 UTC 2008
Too little, too late.
# The total amount of derivatives is estimated
to be around $350 trillion. That number is something
like 10 times the economic output of the entire world.
There are different class of derivatives, and one of the
problems seems to be the fast and global propagation
of stress (illiquidity, devaluation) across the different
classes of derivatives, and then across the different
classes of non-derivative assets (i.e. bonds).
The U.S. is in for tough times.
# European economy is in danger too.
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