OT: Is Greenspan and the PPT breaking a sweat?

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Does the status of Hedge Funds ring any bells?

-- K Taylor (KTaylorOre@webtv.net), February 01, 2000


I think that they are much more concerned with the breakdown of the worldwide derivatives markets (total commitments $300 TRILLION) in which these funds have most of their plays. Not concerned about any ONE or TWO hedge funds per se, but concerned about the house of cards in general.

That said, yes, they are concerned about even one hedge fund blowing a hole in the boat's bottom since that would be all it would take to start the 'unwinding'.

Try to stay clear of falling debris.

-- ..- (dit@dot.dash), February 01, 2000.


where did u get a figure of $300T for world deriv market? the most i've read is about $70T.

-- lou (lanny1@ix.netcom.com), February 01, 2000.

I think the 70 tril is for US banks only.(?) I have seen the 300 tril figure recently on the net, but not linked. Could be wrong, but 70 trillion is big enough I'd say! Hey, what's a few TRILLION between friends like you and me, huh??

-- ..- (dit@dot.dash), February 01, 2000.

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