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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Crimson Ghost who wrote (2181)11/16/2003 12:38:59 PM
From: Real Man  Read Replies (1) of 110194
 
I think record expansion of credit and credit derivatives
is holding bond vigilantes in check. This is the biggest
bubble ever, so the consequences will be dire.

I think total US debt is around 36 Trillion, while the
total notional value of credit derivatives is 150 Trillion.
The first number is higher than the World GDP. The second
number is horrible. Bubbles have to expand at increasing
rate, or collapse. It's a question of when, not that it
will happen at some point
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