Here I was commenting in another blog about how the moving target figure of total worldwide notional derivatives keeps getting misquoted between 400 trillion and 1.4 QUADRILLION and here comes Tyler Durden with the most incredible exposure of massive leveraging since Einstein discovered that E=MC2. This leveraging shows its face in the form of a literal Anti-Christ known [...]

I deleted an earlier post where I had used an overly simplistic calculation method in order to challenge the recently released stress test findings. Without going into great detail here, suffice it to day that based on PPIP’s 12:1 non-recourse loan leveraging of assets, I imputed a 65% differential between the notional and marketable value of toxic [...]

As I mentioned in several earlier posts, cherish the official statistics while they still exist because they are in the process of being “cooked” along with the balance sheets of the big derivative players: Of course, with the discarding of real accounting standards in the United States, the true extent of this toxicity will now [...]

When the smoke clears and the mirrors go back into storage, it’s always refreshing to return to the actual facts at hand. Back on October 16th, 2008, I reported in the “blahgue” as follows: Dear (Colleague), The last published report by the OCC of total outstanding US derivatives contracts revealed a notional value of 182.1 trillion [...]