Mar
12
Financial Derivatives Still Considered Harmful
March 12, 2008 | 1 Comment
In the five years since Warren Buffet’s warning about long term financial derivatives contracts the volume of such derivatives has increase five times from $100 trillion to $516 trillion. This according to BIS via Paul B. Farrell of CBS Marketwatch.com, implies “a massive new derivatives bubble is driving the domestic and global economies, a [...]