The Plot Thickens: Did Hurricane Sandy Cause $36.5 Trillion In Damage?

Interestingly enough the Clearing house which had an alleged 36.5 Billion of Paper in its vault processed $ 1.6 quadrillion  worth of derivatives in 2010 alone putting paid to the notion that the total of derivatives is a mere $ 1.5 quadrillion in total. Watch this space! First of all: the answer to the title […]