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Non-Tech : Derivatives: Darth Vader's Revenge

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From: ggersh7/25/2018 8:19:41 AM
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Hawkmoon

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We've reached the quad mark? the leap from tril to
quad, at the speed of light, the end must be near

hat tip to The Pre Beakerite

“Cliff Edge” Brexit Threatens $34 Trillion of Derivative Contracts: UK Regulator

wolfstreet.com

from the comments we have...

"Joan of Arc
Jul 24, 2018 at 11:38 am
$34 trillion seems like a big number until you realize that the total derivative universe world wide has an estimated notional value of over $1 quadrillion. That’s $1,000,000,000,000,000.

The only other human creation that outdoes that on the planet earth is the 5 gyres swirling in the 5 oceans composed mostly of discarded plastic each the size of the State of Texas with an average depth of 300 feet."
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