DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Top Derivatives Expert Estimates Size of the Global Derivatives Market at $1,200 Tril

**Olympicdreams** · 05-30-2012, 05:04 PM

Serpo, Thanks.

According to Sinclair, more derivatives blow upSSSSS have just occurred as the follow-on result of JPM's recently disclosed OCI(sp?) losses. Also last count of these losses was north of $6B v the original "estimate of $1-2B."

Since Derivatives are between 40:1 and 100:1 in leveraged numbers, his understatement of "JPM's losses must be a humdinger" looks absurdly laughable.

beefsteak

05-30-2012, 05:04 PM	#1
Olympicdreams Join Date Oct 2005 Posts 653 Senior Member	Serpo, Thanks. According to Sinclair, more derivatives blow upSSSSS have just occurred as the follow-on result of JPM's recently disclosed OCI(sp?) losses. Also last count of these losses was north of $6B v the original "estimate of $1-2B." Since Derivatives are between 40:1 and 100:1 in leveraged numbers, his understatement of "JPM's losses must be a humdinger" looks absurdly laughable. beefsteak
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