Of Modern Money and Multipliers

By |2017-08-03T18:19:44-04:00August 3rd, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Why are there so many derivatives? According to the Office of the Comptroller of the Currency, US banks reported for Q1 2017 being party to $178.3 trillion in notional contracts outstanding. The Bank for International Settlements estimates a global total of $482.9 trillion (as of H2 2016). These are for many people simply frightening numbers. They dwarf all sense of [...]