Jack Yan
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Finance is broken, and we still haven’t learned
- Jack Yan
- I posted this quotation from I Acknowledge on my Tumblr today: The news that should have us all worried is: the derivatives market contains $700trn of these debts yet to implode. Global GDP stands at $69·4trn a year. This means that (primarily) Wall Street and the City of London have run up phantom paper debts […]
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