This is quite manageable for Ben Bernanke as he can print this up in about one day.
Jim ODonnell Sent to you by James ODonnell GM via Google Reader: The Size of Derivatives Bubble = $190K Per Person on Planet or 1.144 Quadrillion via The Coming Economic Depression by [email protected] (Economic Analyst) on 12/26/09 The Invisible One Quadrillion Dollar Equation -- Asymmetric Leverage and Systemic Risk According to various distinguished sources including the Bank for International Settlements (BIS) in Basel, Switzerland -- the central bankers' bank -- the amount of outstanding derivatives worldwide as of December 2007 crossed USD 1.144 Quadrillion, ie, USD 1,144 Trillion. The main categories of the USD 1.144 Quadrillion derivatives market were the following: 1. Listed credit derivatives stood at USD 548 trillion; 2. The Over-The-Counter (OTC) derivatives stood in notional or face value at USD 596 trillion and included: a. Interest Rate Derivatives at about USD 393+ trillion; b. Credit Default Swaps at about USD 58+ trillion; c. Foreign Exchange Derivatives at about USD 56+ trillion; d. Commodity Derivatives at about USD 9 trillion; e. Equity Linked Derivatives at about USD 8.5 trillion; and f. Unallocated Derivatives at about USD 71+ trillion. Quadrillion? That is a number only super computing engineers and astronomers used to use, not economists and bankers! LINK HERE Things you can do from here: - Subscribe to The Coming Economic Depression using Google Reader - Get started using Google Reader to easily keep up with all your favorite sites -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
