Sunday, May 20, 2012


Looks like the game is up for JP Morgan, as a $2bn loss looks like it really is much, much more than that, and pundits are saying this is the crack in the global $292 trillion (with a 'T') derivative market. Whether this coming financial collapse is due to conspiracy or cock-up, it hardly matters now, as we slide into economic chaos:

Systemic risk still very much on the horizon: 

And here's a great interview giving an oversight of the whole derivative problem:

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