In 2000-2007, the value of traded derivatives rose six-fold, from $109 trillion to $677 trillion. In 1993, it was just $9 billion. But why call this a bubble? Because it is made up of a small amount of substance and a whole lot of hot air.
Source:A dangerous bubble of derivatives trading (The Times of India)
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Monday, September 29th, 2008 at 11:00 pm
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