[OPE-L] The growing global market for derivatives and swaps

From: Jurriaan Bendien (adsl675281@TISCALI.NL)
Date: Thu Oct 12 2006 - 12:32:13 EDT

I think you're talking nonsense, Ajit, and I don't think it is worth the
bother to discuss with you, if your only motive appears to be one of showing
that other people are stupid and latching onto trivia to deride people.

If world savings fall below world investment as a long term trend, and at
the same time world indebtedness grows as a long term trend, with interest
rates remaining relatively low, then there's something that economists have
to explain. To refer to "disequilibrium" is at best a description, not an
explanation. If it is argued there are "market obstacles" getting in the way
of equilibrating market functioning, it must be explained how this can
happen, in an environment in which capital and money markets have never been
as deregulated and efficient in history.


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