[Homestead] The $55 trillion question - CDS explanation
Lisa K.V. Perry
lisakvperry at gmail.com
Wed Oct 1 12:24:18 EDT 2008
On Wed, Oct 1, 2008 at 12:21 PM, Lisa K.V. Perry <lisakvperry at gmail.com>wrote:
> On Wed, Oct 1, 2008 at 7:56 AM, bob ford <bobford79 at yahoo.com> wrote:
>
>> This is the best simple language explanation of credit-default-swaps that
>> I have read.
>> -----------------------------------------------------------------------
>>
>> The $55 trillion question
>>
>> " CDS are no mere artist's fancy. In just over a decade these privately
>> traded derivatives contracts ballooned from nothing into a $54.6 trillion
>> market. CDS are the fastest-growing major type of financial derivatives.
>> More important, they've played a critical role in the unfolding financial
>> crisis.
>
>
> I've read that the derivative market is next.
>
Actually, I've also read that commercial real estate problems are on the
horizon, what with a glut of commercial properties in some locations and
stores closing or businesses going under.
Sorry to be so cheery today.
lkvp
More information about the Homestead
mailing list