Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP

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Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP
Mr Martin Offer Upgrade User ID: 16388844 Belgium 05/20/2012 08:12 PM Report Abusive Post Report Copyright Violation	Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP 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 world leaders that its notional value is 20 times the size of the world economy. But traders rule the roost -- and as much as risk managers and regulators might want to limit that risk, they lack the power or knowledge to do so. A quadrillion is a big number: 1,000 times a trillion. Yet according to one of the world's leading derivatives experts, Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University (and whose speaking voice sounds eerily like John Lennon's), $1.2 quadrillion is the so-called notional value of the worldwide derivatives market. To put that in perspective, the world's annual gross domestic product is between $50 trillion and $60 trillion. Read More... [link to www.dailyfinance.com] “If you want to find the secrets of the universe, think in terms of energy, frequency, and vibration.” Resonance is the KEY!

Mr Martin (OP) User ID: 16388844 Belgium 05/20/2012 08:12 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP Mod pin this please This is the reason: what will affect next months stock market crash. Last Edited by The_Noxx on 05/20/2012 08:13 PM “If you want to find the secrets of the universe, think in terms of energy, frequency, and vibration.” Resonance is the KEY!
DanG User ID: 16117832 United States 05/20/2012 08:13 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP burn bitches burn
Mr Martin (OP) User ID: 16388844 Belgium 05/20/2012 08:20 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP burn bitches burn Quoting: DanG 16117832 ??? “If you want to find the secrets of the universe, think in terms of energy, frequency, and vibration.” Resonance is the KEY!

Mr Martin (OP) User ID: 16388844 Belgium 05/20/2012 08:28 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP “If you want to find the secrets of the universe, think in terms of energy, frequency, and vibration.” Resonance is the KEY!
Mr Martin (OP) User ID: 16388844 Belgium 05/20/2012 09:16 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP Important ill keep bumping this thread every hour so everyone knows about this/ Here we go: :bump: “If you want to find the secrets of the universe, think in terms of energy, frequency, and vibration.” Resonance is the KEY!
jannerfish User ID: 16407216 United Kingdom 05/20/2012 11:05 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP That's loads of money! 1.2 Quadrillions. 1200 Trillion. And twenty times world GDP. That means world GDP growth has to keep pace with derivative growth right? I guess the average lifetime of a derivative is important too. Shorter lifetime means economy must grow faster. If all 1.2Q wound down over say, 20 yrs the economy must grow by 1.2Q to finance it. With a difference like x20 and no knowledge of derivatives because of (no) regulation, we're setting ourselves a very high bar. Especially given current performance. You're right OP. People should read your link, [link to www.dailyfinance.com] It's not exactly light reading though! Oh well. Last Edited by jannerfish on 05/20/2012 11:05 PM Across the desert lies the promised land - WW
jannerfish User ID: 16407216 United Kingdom 05/20/2012 11:45 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP Zero regulation is not a good starting point. Information on the lifetime of a derivative should be the minimum required. That would be a good starting point. I'm not sure how you would actually effect the average lifetimes of the derivatives. This market is what sets the pace. We don't know the pace it's keeping but it seems quite nippy. It's all just paper and promises though. Seems a bit imaginary. Across the desert lies the promised land - WW
Anonymous Coward User ID: 1518985 United States 05/20/2012 11:48 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP We're completely and totally fucked.
Jake101 User ID: 7103407 United States 05/20/2012 11:53 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP hahah quadrillions haha it's even more of a joke than monopoly money.

Anonymous Coward User ID: 1311324 United States 05/20/2012 11:53 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP it was $1.4 quadrillion last year. should be nearing [or even passed] $2 quadrillion. with this much money the interest alone is enough to cripple a country.
Anonymous Coward User ID: 1311324 United States 05/20/2012 11:55 PM Report Abusive Post Report Copyright Violation	Re: Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP 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 world leaders that its notional value is 20 times the size of the world economy. But traders rule the roost -- and as much as risk managers and regulators might want to limit that risk, they lack the power or knowledge to do so. A quadrillion is a big number: 1,000 times a trillion. Yet according to one of the world's leading derivatives experts, Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University (and whose speaking voice sounds eerily like John Lennon's), $1.2 quadrillion is the so-called notional value of the worldwide derivatives market. To put that in perspective, the world's annual gross domestic product is between $50 trillion and $60 trillion. Read More... [link to www.dailyfinance.com] Quoting: Mr Martin By Peter Cohan Posted 10:45AM 06/09/10 yeah it's over $2q at this point. article is old.
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