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Wednesday, October 15, 2008

Derivatives Markets Worth $596 Trillion- How?

Derivatives which are getting the brunt of the blame for the current financial crisis have a total notional value of $596 Trillion. This is larger then the amount of all the financial assets of the world put together. How is that possible. An article in the online magazine Slate provides an answer. Read the complete article at $596 Trillion.

One of my other post on this topic can be found at Derivatives to Blame

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