Big Shitstorm

The Size of Derivatives Bubble = $190K Per Person on Planet

Mon, 03/16/2009 - 3:44pm — WRhouse

Via the SiliconValleyWatcher and yes I used their article title.
(by way of BoingBoing and The Consumerist)

The article is from October 16th 2008, so the numbers now may actually be worse than back then.

It gives a break down of the various types of derivatives and their USD value and comes up with a total USD value of outstanding derivatives ...

...the amount of outstanding derivatives worldwide as of December 2007 crossed USD 1.144 Quadrillion, ie, USD 1,144 Trillion.

or to put it another way

Read more…

WRhouse's blog
Login or register to post comments

Help Corrente ...

... keep the heat on!

Subscribe to make a monthly payment and keep the hamsters who keep the mighty servers turning in kibble.

No PayPal Account required! Thank you!

Search

Today in Health Care Reform

Recent blog posts

Agree.
4 min 43 sec ago
Ending the drug war
15 min 54 sec ago
If deBord were alive today he would no doubt say,
30 min 25 sec ago
I think they want us blaming each other
41 min 50 sec ago
Yes, but...
42 min ago
He's utterly and completely useless.
50 min 33 sec ago
We're better off if the public option doesn't get in.
1 hour 17 min ago
small clique?
1 hour 34 min ago
More nuts and bolts
1 hour 41 min ago
Yes, yes, yes.
2 hours 4 min ago

I support Americans United for Separation of Church and State.

Per capita health care spending (2007):

United States: $7290
Switzerland: $4417
France: $3601
United Kingdom: $2992
Average of OECD developed nations: $2964
Italy: $2686
Japan: $2581

-- Bob Somerby

The text of HR676 (Medicare For All) as PDF (30 pages). The FAQ. Compare HR3200 with HR676.

Medicare for All would save $350 billion a year (study in New England Journal of Medicine).

In 2003, a young Illinois state senator named Barack Obama told an AFL-CIO meeting, "I am a proponent of a single-payer universal healthcare program*." -- Bill Moyers.

* Medicare For All.

Random Links

[Advertising]

Pitchforks for sale!

Contact lambert_strether [dot] corrente [at] yahoo [dot] com (lambert strether) for all your pitchfork needs.

Chat box

13:57:03 brucedixon I think my colleague Glen Ford is writing on it this week in BAR so I will just co-sign whatever he says.
22:03:36 Valley Girl I'd sure like Bruce Dixon's take on the Conyers comments. Just emailed him.
21:03:43 lambert Thanks, Jeff.
18:16:03 Jeff W lambert, I wrote to NOW about that Elizabeth Warren video not playing and got a response of sorts back, which I sent to you as a private PM. Just FYI.
02:28:28 hipparchia the first thing they told us my volunteer training: humans are natural born rescuers.
00:18:34 lambert One more study... [url]
23:57:37 lambert Joe Bageant is god. [url]
01:00:54 lambert The actuary was a whistleblower under Bush, too. [url]
00:47:48 hipparchia that's ok, jason stands ready to help smear the actuary quoted in that wapo article [url]
23:16:16 lambert Elders under the bus on Medicare, naturally. [url]
20:11:01 lambert 19:49:09 +100
20:10:18 lambert Capitalism in a world where we will throw as many taxpayers under the bus as necessary....
19:49:09 hipparchia elizabeth warren for president!
02:24:14 Jeff W Elizabeth Warren on the economy on PBS's NOW: you can watch it online here: [url] "If [Congress] gets it wrong, the country we knew is gone."
17:52:53 Davidson So, of course they're not going to show the truth about boxing her in from the beginning.
17:51:57 Davidson Yeah, that was just a comment in general, like, "Not even the RBC decision warranted scrutiny."
15:38:02 lambert That's not the RBC meeting, though. That's the smoking gun, beyond "Smart politics" (Wolfson).
14:17:16 Davidson Notice how everyone still avoids exposing the RBC decision
14:16:04 Davidson Can someone do a post on this? [url]
10:04:26 lambert Jeff, thanks. Fixed.

Senior fellows of The Mighty Corrente Building

Leah (CA), Lambert (PA/ME), RDF (??), Sarah (TX), BDBlue (DC), Hipparchia (FL), MsExPat (NY).

Corresponding fellows

danps.

Correspondents

Health care reform: DCBlogger.

Fellows emeritus

mjs, Riggsveda, Tresy, Tom, hekebolos, chicagodyke, shystee, and Xenophon, Vastleft (MA).

Subscribe to Corrente feeds today!

Front page

leah

lambert

RDF

mjs

Sarah

Random term

Christianist

N. Perverts Christianity to achieve political power or wealth, "practic[ing] their piety before others in order to be seen by them" (Matthew 6:5). Term coined by Andrew Sullivan.

Corrente