Posts Tagged ‘Tim Lott’
A £516 trillion derivatives ‘time-bomb’
Not for nothing did US billionaire Warren Buffett call them the real ‘weapons of mass destruction’A £516 trillion derivatives ‘time-bomb’
By Margareta Pagano and Simon Evans Sunday, 12 October 2008 — The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world’s output: it’s been called the ‘ticking time-bomb’.
Written by greenfloyd
October 14, 2008 at 1:51 am
Posted in Uncategorized
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