Years ago we were concerned about the derivative bubble.
Policy makers told us not to worry. They add liquidity to the markets.
Well, I am just wondering if we are witnessing the unwinding of the derivative bubble.
Nothing to do with the subprime. Much more serious. Time will tell.
I still believe this is good news for the markets. Gold and commodities in particular.
Why?
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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