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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (81855)	10/12/2008 4:04:19 PM
From: Real Man	1 Recommendation Read Replies (3) \| Respond to of 94695

Many folks warned over years that the astronomical growth of derivatives will result in a systemic collapse via the domino effect some time down the road. CDS is definitely not the only derivative market in flames now - you can see it in equities, currencies, interest rates, etc. Nobody can stop the collapse at this point, I am afraid. The only way to do that is to settle the contracts and ban quite a few of them? The rest should be traded on regulated exchanges. The growth of these instruments was quite a bit faster than the global economic growth - the notionals were doubling every year, reaching 1144 Trillion at this point. A Ponzi scheme? You bet!