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Fallen Derivatives

Jun
20

The unit at the center of JPMorgan Chase's $2 billion trading loss has built up positions totaling more than $100 billion in asset-backed securities and structured products—the complex, risky bonds at the center of the financial crisis in 2008. The... Read More

Posted on Domino Watch on June 20th, 2012


May
29

Just a few days ago, JP Morgan Chase and Company stunned the financial markets with the news of a trading loss of at least $2 billion dollars—all because of derivatives. You'll recall derivatives played a huge role in the housing crisis over th... Read More

Posted on Domino Watch on May 29th, 2012


Nov
15

HOT on the heels of the last financial debacle, a fresh crisis is looming around the corner, said Mark Mobius, executive chairman of Templeton Asset Management's emerging markets group. The derivative problem that had plagued the last crisis in 2008 ... Read More

Posted on Domino Watch on November 15th, 2011


Nov
15

One of the biggest risks to the world's financial health is the $1.2 quadrillion derivatives market. It's complex, it's unregulated, and it ought to be of concern to world leaders that its notional value is 20 times the size of the world economy. But... Read More

Posted on Domino Watch on November 15th, 2011


Jun
20

Though Buffet warned shareholders about derivatives, in 2002, it didn't stop him from playing the game in 2012. In a letter to shareholders he once again noted the danger: "Derivatives are financial weapons of mass destruction, carrying dangers that,... Read More

Posted on Domino Watch on June 20th, 2012


Nov
15

After betting trillions on everything from liar loans to mortgages that never should have been issued in the first place, the big banks are back and they're betting on death—yours and mine. It seems that Goldman Sachs Group Inc. (NYSE: GS), JPM... Read More

Posted on Domino Watch on November 15th, 2011