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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (65000)4/4/2007 2:24:18 PM
From: LTK007  Respond to of 116555
 
Without jest i say to this <<This is NOT the norm, the latest script is of biblical proportions>> Indeed so!
Somewhat related be how insane are derivatives action is getting in U.S. alone where the parasites are trading electronic money in wildmen and machine assisted frenzy to make commissions for their own bank account while the colossus mountain of fluff stuff they build has gone beyond Himalayan and carries with it an inherent CRUMBLE CRASH inevitability, of which their bank accounts won't suffer but everyone else their asset value crushed to Pancake.

The latest figures. U.S.Derivatives now at a Nominal Value of 122.5 trillion dollars.
That is 7 times greater than the total equity value of the stock market and 9 times greater than The U.S. GDP.
Now that is Biblical:) Max



To: russwinter who wrote (65000)4/4/2007 2:38:09 PM
From: Crimson Ghost  Respond to of 116555
 
Thanks Russ!

BTW did you notice junk credit spreads held flat yesterday despite the big jump in stocks? Up to now big stock rallies have almost always triggered narrower spreads.

A straw in the wind that another downleg may unfold soon?