Thursday, March 24, 2005


Derivative Use Surges

The web site for the Bank of International Settlements put out a report on derivatives. "In the derivatives market, global daily turnover in foreign exchange and interest rate related products..increased by an estimated 74% between April 2001 and April 2004 (51% at constant exchange rates), to $2.4 trillion."

Some of us remember the Long Term Capital Management bust that involved only a few billion. Oh well, I am sure everyone knows what they are doing, right?

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