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RE: Australia’s $37 Trillion Derivatives BLACK HOLE! Could Collapse the Entire Financial System!

in #money • 6 years ago

Thanks for this information. Look at all those swaps! Now where did I hear that word before? Australia's residential loan book, I think is a little under 2 trillion. Leverage ratio at 20 to 1. I think that was the ratio mentioned in "The Big Short". Australia's GDP is also around 2 trillion, oh bugger!

6 years ago in #money by
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