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Strategies & Market Trends : The coming US dollar crisis
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To: carranza2 who wrote (16230)1/11/2009 2:59:01 PM
From: axial  Read Replies (1) of 71455
 
Exactly!

"The scheme continued con brio after subprime's problems became known. One of the articles you cited mentions a factual tidbit I once knew but had forgotten: notional derivative values increased after the bailouts began."

It would be easier to understand things if derivatives were being eliminated, even gradually. There's been muted international talk, not much else.

There are other structural and economic problems to be solved before a true recovery can begin. But unless derivatives are eliminated, there can't be a true recovery - for the US or for the global economy.

If I understand, derivatives will fail - but only when default guarantors fail, themselves.

Until then, everybody just talks the talk... and after that?

So globally, everybody just "papers" it over, but we don't stop the toxic practice. We're putting out the fire at the taxpayer end, and adding fuel at the other.

Is that it?

Jim
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