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To: Toddsterpatriot
Go read the following:

Are we headed for an epic bear market?

Pay close attention to the following paragragh:

When you add it all up, according to Das' research, a single dollar of "real" capital supports $20 to $30 of loans. This spiral of borrowing on an increasingly thin base of real assets, writ large and in nearly infinite variety, ultimately created a world in which derivatives outstanding earlier this year stood at $485 trillion -- or eight times total global gross domestic product of $60 trillion.

420 posted on 09/21/2007 7:58:08 AM PDT by HamiltonJay
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To: HamiltonJay
ultimately created a world in which derivatives outstanding earlier this year stood at $485 trillion

You're confusing a derivative with a debt.

421 posted on 09/21/2007 7:59:13 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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