Using the IMF’s analysis the world’s $600 Trillion derivatives markets are leveraged 1000 to 1!!!!! The IMF wonders where the actual underlying collateral would be if things started to go wrong. Is this underlying fragilty part of the reason why supervision of the big banks has become so unconventional?
GDP Growth is a Scam
What appears to be healthy economic expansion in the headline Real GDP statistics can disguise a chronic and perpetual recession in the private sector, running on borrowed time, and heading
