What is 1.2 Quadrillion?
While people focus on Greece, Spain and if Facebook is a bubble, the derivatives market is still exploding. Here are some thoughts by mainly Wilmott on notional value, derivatives, regulation and crashes. Via Daily Finance. One of the biggest risks to the world’s financial health is the $ 1.2 quadrillion derivatives market. It’s complex, it’s unregulated, and it ought to be of concern to w ...
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