posted on Oct, 14 2008 @ 06:24 PM
With the derivative market just beginning to unwind, I'm afraid our economic rat's nest will become a black hole nightmare.
A £516 trillion derivatives 'time-bomb'
Source: The Independent
The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world's output: it's been called the
It's a market in which the lead protagonists – typically aggressive, highly educated, and now wealthy young men – have flourished in the
derivatives boom. But it's a market that is set to come to a crashing halt – the Great Unwind has begun.