10/10/18

Has The Derivatives Volcano Already Begun To Erupt?



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Has The Derivatives Volcano Already Begun To Erupt?
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Authored by David Goldman via The Asia Times,

The cure for the last crisis always turns into the cause of the next one...

The economies of southern Europe – Greece, Italy, Spain and Portugal – nearly collapsed in 2011, and Europe's monetary authorities responded with negative interest rates. So did Japan.

Europeans and Japanese pay to hold cash or own 10-year German government bonds, which means that every pension fund and insurer will fold in a finite time horizon. They responded by exporting more, saving ....

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