Jim Sinclair does a good job of explaining the difference between the notional and real value of derivatives, and how that real value comes to bear on the financial system in the event of a default. You can read this here for here for a review of the basic concept if you do not understand it.

viaJesse’s Café Américain: Critical Mass: The Mispricing of Derivatives Risk And How the Financial World Ends.

Februar 26, 2012 at 11:43 am by admin
Category: USA