Any real recovery would be accompanied by interest rate increases from the Federal Reserve. Instead, the Fed stuck to its guns and butter interest rate. Dan Denning is another step closer to his free beer bet coming off.
March 20th, 2010 | Nickolai Hubble | 0 comments | ContinuedAll Posts Tagged With: "derivatives"
Value of Derivatives Held By U.S. Commercial Banks Has Plunged By $8 trillion
There is a new report from the Comptroller of the Currency titled “OCC’s Quarterly Report on Bank Trading and Derivative Activities, Fourth Quarter 2007″, which shows that total bank holdings of derivatives is estimated to be “only” $164.2 trillion, whereas I seem to remember that the global glut of derivatives is upward of $700 trillion, which are both numbers so big that I cannot even begin to comprehend the enormity of them.
April 29th, 2008 | Mogambo Guru | 13 comments | Continued
