Comments on: Personal Thoughts on the Market http://hughmcguire.net/2008/10/10/personal-thoughts-on-the-market/ at the intersection of technology, philosophy, and politics (and some other things). Fri, 26 Jun 2009 20:12:52 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Hugh http://hughmcguire.net/2008/10/10/personal-thoughts-on-the-market/comment-page-1/#comment-7526 Hugh Fri, 10 Oct 2008 18:14:34 +0000 http://hughmcguire.net/2008/10/10/personal-thoughts-on-the-market/#comment-7526 For a $45 trillion valuation in *2007*, see <a href="http://www.nytimes.com/2008/02/17/business/17swap.html?ex=1360990800&en=8917799c6c78de52&ei=5124&partner=permalink&exprod=permalink" rel="nofollow">here</a>; for a $60 trillion valuation in 2007, see <a href="http://www.isda.org/statistics/pdf/ISDA-Market-Survey-historical-data.pdf" rel="nofollow">here (pdf).</a> My understanding is that money has been flooding out of CDSs since the end of 2007, which is both a symptom of & a reason for the credit surfeit, and financial meltdown. For a $45 trillion valuation in *2007*, see here; for a $60 trillion valuation in 2007, see here (pdf).

My understanding is that money has been flooding out of CDSs since the end of 2007, which is both a symptom of & a reason for the credit surfeit, and financial meltdown.

]]> By: Jason http://hughmcguire.net/2008/10/10/personal-thoughts-on-the-market/comment-page-1/#comment-7525 Jason Fri, 10 Oct 2008 18:02:27 +0000 http://hughmcguire.net/2008/10/10/personal-thoughts-on-the-market/#comment-7525 I think your number is a tad askew. The Credit default swaps market represents $16.4 trillion. The $700 billion represents 4.31% of the total market. http://nomedals.blogspot.com I think your number is a tad askew. The Credit default swaps market represents $16.4 trillion. The $700 billion represents 4.31% of the total market. http://nomedals.blogspot.com

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