The Looming Financial Crisis Nobody Is Talking About, But Should Be

Via Shaun Bradley via

  • “If those signs aren’t bad enough, Deutsche has also become the poster child for the ominous derivativesbubble. It, alone, has amassed an exposure of over $75 trillion dollars in these risky devices, which is almost equal to theannual GDP of the world”
  • “This problem is by no means isolated to the European markets; the U.S. banks also drank the kool-aid, and believe it or not, helped create a quadrillion dollar mess”

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