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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Stock Farmer who wrote (2249)3/5/2001 12:39:24 PM
From: SouthFloridaGuy  Read Replies (2) | Respond to of 74559
 
The number you forwarded to me looks like figures related to Money Supply.

I am talking about derivative positions in things as far out as hog bellies.

For that, there is only an estimation, but industry insiders know it well.

I got my figures from a publication, here is the quote:

The derivatives market - which barely existed prior to the advent of the latest boom - now is estimated to be worth $80 trillion...or more than 7 times the output of every tinker, cobbler, pastry-maker and everyone else in the entire U.S. economy. And private debt levels in America...and public debt levels in Japan...have reached multiples of the previous peaks.



To: Stock Farmer who wrote (2249)3/5/2001 9:04:39 PM
From: Wyätt Gwyön  Respond to of 74559
 
John, 80 trillion may be possible in derivatives, but that is just a nominal amount. LTCM by their lonesome managed a nominal exposure on the order of 1 trillion near the end, IIRC.