Derivatives: The $600 Trillion Time Bomb That's Set to Explode
Do you want to know the real reason banks aren't lending and the PIIGS have control of the barnyard in Europe? It's because risk in the $600 trillion derivatives market isn't evening out. To the contrary, it's growing increasingly concentrated among a select few banks, especially here in the United States. In 2009, five banks held 80% of derivatives in America. Now, just four banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller. The four banks in question: JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Goldman Sachs Group Inc. (NYSE: GS).
READ MORE: http://moneymorning.com/2011/10/12/derivatives-the-600-trillion-time-bomb-thats-set-to-explode/
One of These Banks is Europe's Lehman Bros. – And We're Going to Profit From Its Collapse
Back in July, I warned you that Europe probably had its own Lehman Bros. - an unstable financial institution on the brink of a collapse. At the time, I didn't know exactly which institutions were most at risk. Now I have a pretty good idea and want to share that with you. One big firm, the Brussels-based Dexia SA, is already set to be dismantled. And based on an analysis of 50 European banks with a combined $129 billion (92 billion euros) tied up in Greek sovereign debt, I've identified two other suspect institutions: BNP Paribas SA, and Societe Generale SA (PINK: SCGLY).
READ MORE: http://moneymorning.com/2011/10/10/one-of-these-banks-is-europes-lehman-bros-and-were-going-to-profit-from-its-collapse/
7 Major Advance Warnings
As soon as we see the likelihood of major bankruptcies and defaults, we don’t wait around. We warn you immediately. We know you need time to get your money out of danger. And we also know that financial disasters don’t obey any particular clock. They can strike suddenly — especially in the stock and bond markets, where investors often start selling in anticipation of the troubles to come.
READ MORE: http://www.moneyandmarkets.com/7-major-advance-warnings-47579
Do you want to know the real reason banks aren't lending and the PIIGS have control of the barnyard in Europe? It's because risk in the $600 trillion derivatives market isn't evening out. To the contrary, it's growing increasingly concentrated among a select few banks, especially here in the United States. In 2009, five banks held 80% of derivatives in America. Now, just four banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller. The four banks in question: JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Goldman Sachs Group Inc. (NYSE: GS).
READ MORE: http://moneymorning.com/2011/10/12/derivatives-the-600-trillion-time-bomb-thats-set-to-explode/
One of These Banks is Europe's Lehman Bros. – And We're Going to Profit From Its Collapse
Back in July, I warned you that Europe probably had its own Lehman Bros. - an unstable financial institution on the brink of a collapse. At the time, I didn't know exactly which institutions were most at risk. Now I have a pretty good idea and want to share that with you. One big firm, the Brussels-based Dexia SA, is already set to be dismantled. And based on an analysis of 50 European banks with a combined $129 billion (92 billion euros) tied up in Greek sovereign debt, I've identified two other suspect institutions: BNP Paribas SA, and Societe Generale SA (PINK: SCGLY).
READ MORE: http://moneymorning.com/2011/10/10/one-of-these-banks-is-europes-lehman-bros-and-were-going-to-profit-from-its-collapse/
7 Major Advance Warnings
As soon as we see the likelihood of major bankruptcies and defaults, we don’t wait around. We warn you immediately. We know you need time to get your money out of danger. And we also know that financial disasters don’t obey any particular clock. They can strike suddenly — especially in the stock and bond markets, where investors often start selling in anticipation of the troubles to come.
READ MORE: http://www.moneyandmarkets.com/7-major-advance-warnings-47579
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