A £516 trillion derivatives time-bomb

Not for nothing did US billionaire Warren Buffett call them the real ‘weapons of mass destruction’The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world’s output: it’s been called the “ticking time-bomb”.It’s a market in which the lead protagonists - typically aggressive, highly educated, and now [...] continue reading world news