I did not know that Europe has dangerous derivative-induced credit bubble.
To: TigerLikesRooster; ScaniaBoy; MadIvan; longjack; pepsionice; Leifur; Atlantic Friend; Marie007; ...
posted on 06/09/2007 2:16:23 AM PDT
(kim jong-il, chia head, ppogri)
I wonder about this. A well managed derivatives portfolio hedges against interest rate risk. Most banks I am familiar have a very sophisticated system to manage derivatives and it is not static, it is adjusted daily.
I think that China, with almost a TRILLION dollars in bad loans impacting their banking system is a much higher risk.
In any event, I would not invest in China or Europe for that matter.
posted on 06/09/2007 3:06:40 AM PDT
by Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
Thanks for the translation.
Yes, thank you. A fascinating article.
posted on 06/09/2007 12:07:54 PM PDT
What about the fifty varieties of American financial bubbles? What is Europe to presume significance in this arena?
posted on 06/09/2007 1:57:37 PM PDT
(Repeal the Treaty)
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