Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (205)	9/26/1998 9:43:00 PM
From: Sam	Read Replies (2) \| Respond to of 2794

Clark, Lets see now, if the GDP of the world is/was about 23 trillion, no lets even make that a more optimistic $30 trillion, and if the amount that has been leveraged is between the $85 trillion "plus an undetermined amount" (whatever that lovely statement means) that NY Fed admits to and the low end of your estimate of $200 trillion--well, that leaves a lot of imagined money out there to disappear, poof into thin air, or, rather, into Bytesville. David Copperfield couldn't do it with greater elan. What a fun game to play.

To: Worswick who wrote (205)	9/27/1998 4:43:00 AM
From: Hal Ford	Respond to of 2794

Thanks for welcome and for the derivatives thread. Very timely as well. One of the striking things about this derivatives problem is that nobody seems to know how much is involved. That 1.2 trillion dollar figure for LTCM, if true, caught everyone by surprise. If I am not mistaken, no one knows exactly how much leveraged debt the Long Term Credit Bank in Japan is liable for either. Will be interesting to see how markets react to this. My favorite place to watch the world stock markets is at quote.yahoo.com