$60 trillion in derivatives?

[Greg Nowell]

> How about the 60 trillion dollars in derivatives
which would be involved
> in a system wide melt down?  The press has been
saying it will take
> months to know the scale of losses based upon
derivative trades?

How do we get $60 trillion in derivatives in a world
economy with total GNP of $22 trillion?  Let's not get
overblown, here.

--
Gregory P. Nowell
Associate Professor
Department of Political Science, Milne 100
State University of New York
135 Western Ave.
Albany, New York 12222

Fax 518-442-5298