[nicmarlo]

Postive: "...What gives me sour stomach is the fact that there are $750 Trillion in "derivatives"">{? Toad: There is nothing like $750 trillion at risk. Do you understand what a derivative is?

What does your question have to do with the substance of Positive's post? If you want to make this thread about "derivatives," as you seem to wont to do on most ALL threads, why don't you make a thread ALL ABOUT derivatives, toad? I've asked you that before.

[Toddsterpatriot]

What does your question have to do with the substance of Positive's post?

What is the substance of his post?

What gives me sour stomach is the fact that there are $750 Trillion in "derivatives" out there, some of which aren't understood by their creators, much less by the traders or admittedly by the Secretary of the Treasury or his crew.

By my math, if just 1% of these unwind abruptly due to margin calls or the like, it would cause a $7.5 Trillion train wreak, the consequences of which no one can estimate...but they would be bad, very bad.

Spell it out for me.

[Toddsterpatriot]

What does your question have to do with the substance of Positive's post?

Now that I've taught you the difference between value at risk and notional value, don't you feel silly for asking this question?