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Amount of Derivatives in the World: 710 Trillions of dollars

- Philippe Herlin - GoldBroker

I suggest Mr. Herlin hire a proofreader to clean up his hapless prose.
1. reign in = change to rein in (like a horse)
2. US GDP of $16 Billion = change to $16 Trillion (a shameful error)
3. french = change to French
4. american = change to American
etc.

Incidentally, I have seen the total derivative package cited at $15 quadrillion in numerous places. How about a reconciliation between the two numbers, which differ by a factor of 20-fold, at least using the American style of numeration? Who's right?

Commenté il y a 3669 jours

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Début de l'article :The Bank for International Settlements (BIS) just published a statistical study on the amount of derivatives worldwide at the end of 2013, and they reach the astronomical amount of $710 Trillions ($710,000,000,000,000). For comparison purposes, the United States GDP in 2013 amounts to $16 Billion, or 44 times less. And this mass of derivatives beats by 20% the preceding record, dating just before the 2008 crisis... We hear a lot about bubbles these days, in the stock market, the bond market or i... Lire la suite

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