Tue 10 May, 2022 10:03 pm
There is very little regulation in this market. And it´s much larger than global GDP.
"Wilmott estimates the derivatives market at $1.2 quadrillion, to put that in perspective it is about 20 times the size of the world economy."
A few criminal actors are basically holding the world hostage.
If it collapse so will everything else in very short time.
They are to big to fail so there are no stupid trades. The risk is on the taxpayers who must bail them out again.
Socialism for the super wealthy.