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


To: ggersh who wrote (95285)3/14/2009 7:53:34 PM
From: koan  Read Replies (1) | Respond to of 116555
 
Here is what I wrote to sea otter. It sums up my feelings:


The plot thickens-lol!

I have no idea what is going on and I have not seen one post or interview anywhere where I fet that person did either.

CDS's, CDOs, deriviatives, hedge funds, and all OTC-lol!!

I have seen 10,000 theories, they cross the entire spectrum of speculation. And figures from "great", everything is hunky dore, to we have $1,200 trillion dollars in derivatives out there (1.2 quadrilliuon dollars-lol). Compounding at 15% per year-lol.

The entire world GDP is only aobut 36 trillion????

We need Sherlock Holmes here.

I always sort of thought you were in the Sherlock Holmes group, so let me know if you get a hunch.

I am just curious as hell, as anything else-lol.

I like that Obama is chit ass smart!!



To: ggersh who wrote (95285)3/15/2009 11:59:29 AM
From: Sunny Jim1 Recommendation  Read Replies (1) | Respond to of 116555
 
Which part seems Hype to you?

The part that jumps off the page is $1200 trillion in derivatives. I've seen the number $560 trillion or there abouts in several write-ups, but never a number even close to $1200 trillion. Perhaps this guy has more accurate data on this unregulated industry than all the other sources combined.<G>