The size of our national economy this year is roughly $15 trillion. The size of the Credit Default Swaps (CDS) market is $64 trillion. The whole world GDP is about $56 trillion. How could the CDS market be larger than the world GDP combined? That doesn't make any sense.
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In this Blog I will discuss Life the Universe and Everything, and maybe even Prairie Home Companion.
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11-5-2024
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