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

To: Real Man who wrote (21893)8/9/2009 12:34:32 PM
From: Giordano Bruno  Respond to of 71456
 
Where the rubber meets the road bloomberg.com



To: Real Man who wrote (21893)8/9/2009 1:36:20 PM
From: Aloysius Q. Finnegan  Respond to of 71456
 
Bear with my naivete a little longer: So let's say the whole house of cards collapses. What is the damage 30 trillion or 1 quadrillion? One constantly hears of the impending quadrillion dollar derivative implosion. My thought is that the true damage is 30 trillion ... the notional value might as well be a Kazillion. What am I missing?



To: Real Man who wrote (21893)8/9/2009 8:21:49 PM
From: RockyBalboa  Read Replies (1) | Respond to of 71456
 
While this calculation makes sense, where is the risk absent some counterparty risk issues (and note the US government and others are very dedicated to let no one fail...)? Because the contract always has 2 sides a seller of a OTC option/swap and a buyer meaning while it might be a very large bet it is in the end a zero-sum game.

Thoughts?


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