Tuesday, March 31, 2009

http://www.free-ed.net/free-ed/Math/Calculus/Calculus01_Pauls.asp

If you go to this webiste and read the explanation of what a "derivative" means, you will see why all the wall street gurus are literally sweating on television.

One guy was so disheveled this morning on CNBC that his hair wasn't combed and his suit looked like he slept in a dumpster.A key quick statement that he made was that that his company was ""de leveraging as quickly as possible"

It's real complicated and it certainly is the reason that all that (our) money is spiraling down the toilet.These wall street guys and the reporters are all whistling past the graveyard. I literally laugh, (as I hold my nose) at the spin they try to put on all the bad news.

The question that no one is asking is this. Are the banks and investment houses still dealing in derivatives and hedge funds?I suspect that the answer is yes. And, if the answer is yes, hold on to your wallets and get ready for a bumpy ride. The roller coaster hasn't stopped yet.

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