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

To: Little Joe who wrote (103896)	7/6/2009 8:31:17 PM
From: bart13	Read Replies (1) \| Respond to of 110194

Fair enough, but the chart I posted doesn't include derivatives. However, the one that does include them shows a very similar pattern to the one I did post. And I don't use full value of the contracts... but if I did, it would again show a similar pattern, although the grand total would be about $170 trillion higher though and present a false picture. The actual facts are getting short shrift - total face value of US Credit Derivatives as of the latest report from 4/1/2009 is $14.6 trillion. Interest rate derivatives is by far the largest portion of US derivatives at about $165 trillion - they're 84% of the grand total face value. Then we also have the major issue of unrecognized derivatives losses and false values prior to the financial stock peak in 6/2007 - the actual changes since then are much smaller when its taken into account. There's also credit growth rates since the peak in 2007 - bank credit alone for example is up over 15%, about $1.5 trillion.