AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
A Major Margin Call
The Compound and Friends
Is This Really a Giant Number?
The total notional amount of over-the-counter derivatives outstanding is currently $598 trillion, up from $72 trillion in the late 1990s. The BIS chart shows that this has really gone sideways since the GFC. So it's a kind of meaningless number. It crunches down through netting because, as you say, that's notional exposure anyway.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode