Posts Tagged ‘ financial contagion ’

Popping the Quadrillion-Dollar Derivatives Bubble: Not If, But When

Europe has belatedly grasped that huge Credit Default Swaps are being sold to hedge short positions that cannot be filled. There is a run-up of precious metal, but it cannot continue because all that metal is going to be dumped to cover the enormous margin calls which, because of long hedges, cannot be met...
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Posted in Financial, OP/ED | 10 Comments »