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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Jeff Jordan who wrote (405551)5/24/2010 9:06:04 AM
From: Real Man   of 436258
 
The only part of derivative bubble that collapsed was commodity
part. The notional value of commodity contracts dropped 80% from top. Sure,
as our deciders blamed the evil commodity speculators for
2008 food crisis and oil spike. They essentially banned that
part. Despite that, oil got back to 80? WTF??? -g-

So, now when commodities blow on their own, they will have nothing
to tool them with? That part of the derivative pyramid was
tiny to begin with. It is now down from 1.6% of total to
essentially unnoticable number. -g-
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