Global Credit Derivatives Market = x10 Global GDP.

[The once and future king]

Global Derivatives Market = x10 Global GDP.

Every now and again you stumble on a piece of information that blows your mind. There is about 450 Trillion dollars in traded risk (derived from credit)which is greater than the global housing market and if you sold every company on the planet it wouldnt raise that much capital.

Warren Buffet once described derivatives as 'Weapons of Mass Financial Destruction'. And he is right. They do not disperse risk. They magnify it.

Sorry, if this is a bit sparse, I am still digesting this my self but felt compelled to put it out there.