"May you live in interesting times"
put any money in it from? While the fun politicians in Berlin, led by the Minister of Finance, assert repeatedly that the money is safe with the German banks (I'm the only one that "we will stand fully behind XY" recalled statements made by the same politicians who not last for long?), is already excited wait, when does the first pictures from the U.S. banks stormy customers. It should be obvious even to each, that various transfers take place today very quietly, without any notice outsiders. A click should be enough ...
I own a few times now searching the Internet operated and came across an interesting report of the Bank for International Settlements. I must now go back a bit ...
derivative transactions in the last few weeks, too pretty discredited. Grob said the futures, which are already identified, an X stock at a price of € Y to date Z to buy or sell. These transactions were at the beginning really been intended to cover risks, they are now really just mostly for speculation (keyword: stock bets). Because the respective speculator bears the risk of loss, I was always against a limitation of such transactions. But what I have now read in the said report makes me worried:
end of June 2007 was the worldwide notional value of outstanding OTC derivatives transactions, according to the report $ 516 billion (!). Let's say that should be met for a further tightening of the current Kriese not only 10% of it, that's still a depreciable amount of 50 trillion dollars!
-exchange for the outstanding traded derivatives I have not found any source. I assume that it is the same order of magnitude.
is now also clear why the charge is in the U.S., the ass to happen. The derivatives bubble is even more gigantic than the subprime bubble burst.
The $ 700 billion, to bargain for the work at the moment, compared to how the drop in the bucket ...
I do not honestly what will happen should there be a burst of these derivative transactions ...
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