Points of Interest

The Relative Size of the Problem
April 29th, 2008 10:32 AM

Looking at the US National Debt Clock today there is a calculation that states that each citizen's share of the US debt is $30,734.97 with the population just under 304 million people.

Another calculation seen today says that the derivatives market alone represents $116,666.66 per each person on the planet. 

The total value of the existing global gargantuan globular glut of derivatives is estimated to be more than $700 trillion!  Compare this stupefying fact to the associated fact that global GDP is only about a lousy $50 trillion!  That's some leverage.

 


Posted by Steve Myers on April 29th, 2008 10:32 AMPost a Comment (0)

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