A $43 Trillion Dollar Market That Most People Have Never Heard Of

According to Bill Gross, a fixed income market guru, the size of the credit default swap market is “$43 trillion, more that half the size of the entire asset base of the global banking system.” If that is not scary enough he goes on to tell is that “total derivatives amount to over $500 trillion, many of them finding their way”………………….well, everywhere.

You are going to be hearing a lot more about these markets in coming weeks and months, which begs the question, why don’t most people even know what they are? And more importantly, why should we care?

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