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Global Credit Derivatives Market = x10 Global GDP.

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07-30-2007, 08:06 PM

MrMon

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Re: Global Credit Derivatives Market = x10 Global GDP.

Are there $450 trillion in traded debt or in written contracts? One contract can be traded many times, that doesn't really bother me, but if there were written contracts for 10x world GDP, that's a little worrisome. Then traders are driving the market rather than the underlying demand for the product, probably not a stable situation.

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