Quote
What will be the impact of these trillions of dollars of derivatives? Up to this moment, I have understood from previous postings that they would bring about the collapse of the economy... yes...no

We've been through this a number of times, and I guess we'll have to leave it at that, but when it comes to a collapse in the economy, I think we're there. Granted it doesn't happen in a 24 hour period, but an increase of what will surely be $3 Trillion in debt in less than 2 years, is a pretty good indication that we're funding the banks and brokers who cannot access the value of securities lying in the bottom of their asset base.

Still no indication that anyone is trading in the swaps, and that's the proof.

Last edited by itstarted; 01/09/09 12:50 PM.
Life is Good!