There are many 'Black Swans' on the economic horizon, one of which will probably end up being the trigger that blows the whole thing to bits. BREXIT may well be the one, we will find out soon. OC
I still think the black swan is more likely coming from China, or a Trump presidency. Brexit looks like a storm in a tea cup to me.
Errol, i have the feeling that 'derivatives' will prove to be just another Domino in a long line of Dominos. My personal feeling is that the trigger/initial panic will be in the Bond Markets, quickly followed in the stock markets and then derivaties, then the BANKS! If you have a look at our Big 4 balance sheets, I think you will see that they have derivatives on BOTH sides of that balance sheet, and hopefully they will cancel out the losses and gains. I am far from an expert in these things, I had never heard of them by the time I retired. OC
50 Billion wiped off ASX and its only been a few hours since the announcment! How bad is this going to get?
