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|User Info||Aooooooga! Aooooooga!; entered at 2018-10-11 12:00:28|
Read the asia times article three times flowcharting it the last time to try and understand what might cause the bang moment. Gotta admit being a CPA (not a finance guru) I am mostly lost. I understand the risk the US banks have where I get lost is in the hedging and derivative morass. This sounds like a massive AIG s**tshow. Is everybody hedging the foreign exchange risk because they are required to or want to pretend what they are engaging in in this business is risk free because someone will make good on their derivative (another word for insurance?) If this is even partially right we learned nothing in 10 years, this makes Vegas seem downright prudent to visit and play. |
Or maybe I am totally clueless on how things work.