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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (89142)11/24/2007 7:30:35 PM
From: bart13  Read Replies (1) | Respond to of 110194
 
It passed my comprehension years ago. <g>
$516 trillion is about 7 times total world GDP.

Seriously though, the next one after trillion is quadrillion... and just for the helluvit here's one of my scratch charts that shows M3 plus most forms of credit plus just the US derivatives reported by the Treasury (US derivatives total about $152 trillion currently). It only goes back to 1992 since that's when the Treasury started reporting them




To: John Vosilla who wrote (89142)11/24/2007 7:52:17 PM
From: Giordano Bruno  Read Replies (1) | Respond to of 110194
 
>'..world wide derivatives per the BIS recently is about $516 trillion, and there's $11.14 trillion of assets behind it.'<

How is that possible?