09 Oct '11, 3am

The quadrillion derivatives market bubble threatens the world economy; but GOP wants 2 keep it deregulated... #tcot #p2

The quadrillion derivatives market bubble threatens the world economy; but GOP wants 2 keep it deregulated... #tcot #p2

Derivatives are financial instruments whose values are derived from something else such as assets or indexes such as interest rates or the stock market. They are used to mitigate or hedge the risk of economic loss from the changes in the value of the underlining asset or index. Derivatives can also be used to acquire risk rather than insure against it to speculate, betting that the party seeking insurance will be wrong about the future value. The derivative market is largely unregulated with no loss reserve requirement thanks to Clinton’s 2000 Commodities Future Modernization Act.

Full article: http://culturechange.org/cms/index.php?option=com_content...

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MEMO TO THE #OCCUPIED MOVEMENT (A Post Growth Economy)

MEMO TO THE #OCCUPIED MOVEMENT (A Post Growth E...

postcarbon.org 05 Oct '11, 11pm

Here’s a fact that's hard for most Americans to swallow: economic growth is over . Given the finite nature of our planet a...