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.
https://seekingalpha.com/article/4046338-derivatives-explode-like-bomb
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.