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

To: smolejv@gmx.net who wrote (22127)	8/5/2002 1:44:02 PM
From: Joe Copia	Read Replies (1) \| Respond to of 74559

I am reading and reading about derivative financing and am amazed at what the big banks like JP Morgan, Chase etc control. Controlling $680+ for every $1, do they, the banks as a whole, actually control more money than there is? JPM says, due to complex computer models, they are hedged perfectly so if the north wall of the house of cards falls, the south side just gets stronger. The next 2-3 years should be quite interesting.