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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Secret_Agent_Man who wrote (177414)7/4/2002 12:26:08 PM
From: Secret_Agent_Man   of 436258
 
 Hedge fund manager warns of derivatives time bomb
By Gary Parkinson  (Filed: 03/07/2002)

Tony Dye, the fund manager dubbed Dr Doom for his pessimistic outlook on stock markets during the technology boom, warned yesterday of a "lurking time bomb" of creative accounting in the derivatives market.

The value of contracts in the over-the-counter derivatives market has hit $110 trillion (£72 trillion), he said, with the market now worth three times the global economy.

money.telegraph.co.uk
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