Derivative Disaster on the Horizon
Regardless which type of derivatives you speak about credit derivatives,financial derivatives,futures derivatives or options derivatives these weapons of mass destruction are STILL OUT OF CONTROL. For all of those that say green shoots are growing, they to forget that unemployment has been increasing as well as foreclosures are increasing. Most scary is the unbelievable amount of credit derivatives,financial derivatives,futures derivatives or options derivatives floating around in the US banking system.
Take a look at this chart and you tell me how you feel when even the smallest US banks are holding as well as having counter party risk in Derivatives.