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U.S. Stocks Retreat as Europe Concern Overshadows Upgrades
- Bloomberg
- 02/08/2010 03:04 PM
quotable
“The market for derivatives grew at the fastest pace in at least nine years to $516 trillion in the first half of 2007, the Bank for International Settlements said. Credit-default swaps, contracts designed to protect investors against default and used to speculate on credit quality, led the increase, expanding 49% to cover a notional $43 trillion of debt in the six months ended June 30, the BIS said… ‘The pace of increase in the credit segment outstripped the rises in other risk categories,’ Christian Upper, a BIS analyst…wrote…The money at risk through credit-default swaps increased 145% from last year to $721 billion…”
Bloomberg, November 22, 2007
Commentary
Credit Bubble Bulletin
by Doug Noland | Feb 5
Generally another tough week for global risk assets.
Read moreThe Bear's Lair
by Martin Hutchinson | Feb 8
When the banking system imploded in September 2008, commentators immediately feared that the result would be a credit crunch, leading to a major downturn in GDP and rise in unemployment.
Read moreFeatured Commentary
by Satyajit Das | Jan 19
In 1971, Ralph Lapp, a nuclear physicist, used the term "China syndrome" to describe a hypothetical nuclear reactor meltdown where the molten core breaches containment barriers and melts through the crust of the Earth reaching China.
Read moreGuest Commentary
by Tom Au | Jan 25
Google – the epitome of the American Way
Writers such as Shaun Rein, managing director of China Market Research Group, may have rightly characterized Google's pullback from China as an "act of war."
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