Odds ‘n Sods:
In a recent issue of the Sovereign Society A-Letter, Eric Roseman noted with alarm that the credit derivatives market is now has a massive $26 trillion (with a “T”) dollars in play. This market has more than doubled in size over the last 12 months. Roseman says that he fears that the derivatives market has become a virtual time bomb. I concur. Someday, possibly in the near future, the market will start making big swings and the hedge traders are going to get blind-sided. Losses could be in the hundreds of billions or even the trillions, making the recent $6 …