In the GFC the derivatives were the TNT that blew up the world. The amounts owed by the losers were orders of magnitude higher than the underlying. While the f

In the GFC the derivatives were the TNT that blew up the world. The amounts owed by the losers were orders of magnitude higher than the underlying. While the fuse may be set for student loans and housing, today’s banks are not levered to the level in the GFC, nor does there appear to be a vast derivatives bomb in waiting.