Of Modern Money and Multipliers
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 [...]
Stay In Touch