Just kidding, Doug

Doug Henwood dhenwood at panix.com
Tue Sep 1 15:26:10 PDT 1998

Seth Ackerman wrote:

>What does that mean? How can derivatives be any more destabilizing in a
>crisis than, say, currency swings?

They're just one more way to make money in good times, lose it in bad; there's nothing uniquely destructive about derivatives. The numbers are so big they spook people though.


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