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Saturday, May 22, 2010
Global OTC derivatives
The notional amount of outstanding over-the-counter (OTC) derivatives stood at $615 trillion in December 2009, up from $605 trillion six months earlier, according to the Bank for International Settlements (BIS). That is still well below June 2008’s figure of $684 trillion, which was the highest figure since the BIS began to collect such data in 1998. The amount of credit-default swaps outstanding fell by almost 10% in the second half of 2009. Notional amounts are useful as a measure of market size. But the BIS reckons that gross market values provide a more accurate measure of the amounts that are actually at risk. The gross market values fell by 15% in the six months to December 2009, to $21.6 trillion. (more)
Stocks Sinking to Crash Low Signals Worse to Come
Any investor who wants to gauge how serious the stock market’s retreat is need only know the Standard & Poor’s 500 Index has fallen below its low on May 6, when panic selling prompted calls for reform.
The equity index retreated 3.9 percent yesterday in its biggest loss in 14 months, sinking to 1,071.59, and slipped as low as 1,055.90 today. That compares with 1,065.79, the low two weeks ago when $862 billion was wiped out in 20 minutes. The options market benchmark known as the VIX soared 30 percent to 45.79 yesterday, meaning expectations for volatility are the highest in 13 months. (more)
How I Claimed 4 Houses Free and Clear "From the Banksters"
How I Now Have 4 Houses Free and Clear from “The Gangster Banksters”
This is an amazing true story with documented facts and detailed instructions on how to get your house 100% Free & Clear from “The Gangster Banksters”
A “Must Read & Listen” for anyone who wants the “Truth” regarding how you have been “Deceived” by the N.W.O. Gangster Banksters and the best part is there are detailed instructions on how you can get “Your Remedy”
FREE download of book, click here
listen to audio, click here
This is an amazing true story with documented facts and detailed instructions on how to get your house 100% Free & Clear from “The Gangster Banksters”
A “Must Read & Listen” for anyone who wants the “Truth” regarding how you have been “Deceived” by the N.W.O. Gangster Banksters and the best part is there are detailed instructions on how you can get “Your Remedy”
FREE download of book, click here
listen to audio, click here
Casey Research: Perfect Storm of Debt to Hit US
President Barack Obama’s new fiscal commission, organized in response to a Congressional Budget Office projection that the United States will accumulate $6 trillion in debt during the next decade, is mostly for show, say three researchers from Casey Research.
Though the commission’s task is to come up with ways to limit future deficits to 3 percent of GDP, the 3 percent limit is “just a hoop for the clowns to jump through,” says Casey.
“U.S. government finances are now past the point of no return,” Casey researchers write in a report. (more)
Though the commission’s task is to come up with ways to limit future deficits to 3 percent of GDP, the 3 percent limit is “just a hoop for the clowns to jump through,” says Casey.
“U.S. government finances are now past the point of no return,” Casey researchers write in a report. (more)
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