Monday, 29 September 2008

Pass the radioactive parcel

The ATCA thought piece today quoted the world derivatives' market at $1.14 quadrillion ( that a thousand trillion ) which equates to $190,000 for every person on the planet or 22 times the global GDP.

The unravelling ( unwinding seems far too controlled a word) of such a large market which is based on nothing more than confidence starts to look like a radioactive version of pass the parcel, whereby everyone involved is blighted. Don't expect your $190,000 soon.

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