Article of the Day: The derivatives market in pictures

Thanks for this great article from demonocracy.info:

“Pick something of value, make bets on the future value of “something”, add contract & you have a derivative.  Banks make massive profits on derivatives, and when the bubble bursts chances are the tax payer will end up with the bill.

This visualizes the total coverage for derivatives (notional). Similar to insurance company’s total coverage for all cars.”

Continue to the rest of the article and pictures

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