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Coming Soon: The 600 Trillion Derivatives Emergency Meeting

Posted on October 13, 2008

Here is an update on the size of the derivatives market with the latest official figures (.pdf) from the Bank for International Settlements ((BIS)). Hold your breath, as we are not anymore talking paltry billions but TRILLIONS of whichever fiat currency.Current emergency meetings on banks and markets are still only in the stage where politicians and central bankers are bickering over how to create a few more hundred billions Euros and FRNs. But toxic MBS pale in comparison to the mushrooming growth of the derivatives market. According to figures released in the quarterly review of the BIS (pp ...

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currency , markets