This would allow a really disastrous situation to get unfathomably disastrous in the derivatives market. There are so many triggers set to go off that changing the accounting rules midstream would be insane.
I like Dave, but he needs to stick to household budgets.
I used to play Pick up Sticks when I was a kid. I remember trying to keep my hand from shaking while I carefully lifted those little wooden sticks up one at a time so as not to upset any of the other sticks. One wrong move and you could wreck the whole stack.
It’s hard to contemplate the web derivatives weave through the economy, but it sounds like we are walking on thin ice with any decision or manipulation of the market. Do you think it’s impossible to predict the tipping point or the cause that will send these derivatives crashing down?
Again, thanks for your patient explanations.