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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (18047)3/2/2009 11:41:56 AM
From: Hawkmoon  Respond to of 71475
 
We'll have interest rates swaps blowups at Bank of America, Citi, and JPM, 500 Trillion notional worth (as compared to 60 Trillion notional CDS)

That's a misnomer. Maybe that's the total amount of swaps out there, but it's like debugging COBOL.. You cancel out one error and it will neutralize dozens of others...

Thus, it's not the amount, it's the amount of time that is required to unwind them, AS WELL as what will replace them.

Hawk


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