Search Options
close
Search the following clips:
All Clips
Everyone's Clips
My Guides
Sign Up
Install
Learn More
Login
World's Financial Markets about to come Unglued?
AcesLucky
follow
8
2-17-2008 11:20 PM
489 views
tags:
economy
,
finance
,
credit
,
default
,
loan
,
globallization
,
global
,
banking
,
default credit swaps
AcesLucky
says:
A $43 Trillion Dollar Market that most people have never heard of.
Add a Comment
Login
to Comment. Not a member yet?
Sign up
Related Clips
Globalisation as the great unbundling(s): ...
Comments on Haloscan Hooks some Big ones
They Words They Used - Convention Language...
U.K. Environmental Minister scorns "global...
Misery Index
Oil Bubbles Point to Eco Disaster in Paradise
Iran Says Oil Price Is Right At $100 A Ba...
More clips from
AcesLucky
Would you kill your own son -- to save oth...
Instructions for Life
Paying off a debt with a daughter
Today's Top Clips
List of books Palin wanted banned--wow!
Why is pleasure so suspicious?
The investigation of laughter is belatedly becoming a science..:-)
Palin's foreign experience - not very impressive
The Psychology of Conservatism
A satellite eye on the Earth
True Graffiti
Toying with our perception of time..
Photos Taken At Just The Right The Moment!
Vanishing Barns
visit the
Top Clips page
View the Top Clips from
February 17, 2008
Embed This Clip In Your Site...
<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d6756a70-89e6-4cb8-8589-c3643744f231/C8B2C216-E2F0-4BA5-AE9D-1B37AAFE6EC6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html" href="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html" style="font-size: 11px;">www.huffingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html"><H1><A id="title_permalink" title="Permalink" href="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html">A $43 Trillion Dollar Market That Most People Have Never Heard Of</A></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html"><P>According to Bill Gross, a fixed income market guru, the size of <A href="http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2008/IO+January+2008.htm">the credit default swap market</A> is "$43 trillion, more that half the size of the entire asset base of the global banking system." If that is not scary enough he goes on to tell is that "total derivatives amount to over $500 trillion, many of them finding their way"......................well, everywhere.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html">At the center of this system is a product little known outside of the world of fixed income traders and investors, called Credit Default Swaps. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html"><A href="http://en.wikipedia.org/wiki/Credit_default_swap">Credit default</A> swaps resemble an insurance policy, as they can be used by debt owners to <A href="http://en.wikipedia.org/wiki/Hedge_%28finance%29">hedge</A> against credit events.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html">Credit default swaps are the most widely traded credit derivative product.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html">The whole system is obviously based on the assumption that your counter-party can in fact make good on the trade.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/jacki-zehner/a-43-trillion-dollar-mar_b_86199.html">Bill Gross is warning of the possibility of financial Armageddon as a result of this financial pyramid scheme</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C8B2C216-E2F0-4BA5-AE9D-1B37AAFE6EC6/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
Clipmarks
Home
New Clips
Top Clips
Dashboard
Popular Topics
News
Life
Science
Technology
Entertainment
Get Started
Sign Up
Install Clipping Tool
How Clipping Works
Clip-to-Blog™
ClipSearch
Tools and Resources
FAQ
ClipWeek
Top Clippers
Top Tags
Site Map
About Clipmarks
About Us
Contact
Blog
Copyright
Privacy
EULA
OK