Derivatives Bubble

A thought-provoking peice but I'm not sure if the numbers add up...

Facts:

*U.S. annual gross domestic product is about $15 trillion

*U.S. money supply is also about $15 trillion

*Current proposed U.S. federal budget is $3 trillion

*U.S. government's maximum legal debt is $9 trillion

*U.S. mutual fund companies manage about $12 trillion

*World's GDPs for all nations is approximately $50 trillion

*Unfunded Social Security and Medicare benefits $50 trillion to $65 trillion

*Total value of the world's real estate is estimated at about $75 trillion

*Total value of world's stock and bond markets is more than $100 trillion

*BIS valuation of world's derivatives back in 2002 was about $100 trillion

*BIS 2007 valuation of the world's derivatives is now a whopping $516 trillion

Derivatives the New "Ticking Timebomb"
by Paul Ferrell
http://www.marketwatch.com/news/story/derivatives-new-ticking-time-bomb/story.aspx?guid=%7BB9E54A5D%2D4796%2D4D0D%2DAC9E%2DD9124B59D436%7D