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Global GDP in 2007 estimated to be $55-65 trillion
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#7130
By way of comparision, global GDP in 2007 is estimated to have been between $55 trillion and $66 trillion.
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The Global Financial Crisis »
The Global Financial Crisis
The Global Financial Crisis☜Exploring the causes, consequences and responses to the global financial crisis. ☜F1CEB7
▲
Immediate triggers of the financial crisis? »
Immediate triggers of the financial crisis?
Immediate triggers of the financial crisis?☜What were the immediate triggers of the current financial crisis?☜FFB597
▲
Pathology in the Credit Default Swaps market »
Pathology in the Credit Default Swaps market
Pathology in the Credit Default Swaps market☜Credit Default Swaps, which originated as legitimate finance instruments that acted as a kind of insurance (offsetting risk in return for a premium), morphed into something more akin to high stakes gambling.☜59C6EF
▲
Speculative swaps grew to dwarf real insurance swaps »
Speculative swaps grew to dwarf real insurance swaps
Speculative swaps grew to dwarf real insurance swaps☜Volume of speculative swap contracts grew to dwarf those for actual insurance—$5 trillion bonds issued in world but $60 trillion bet on those bonds via Credit Default Swaps: ie for every bond, 10 people promising to pay full amount if bond goes bad.☜9FDEF6
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Global GDP in 2007 estimated to be $55-65 trillion
Global GDP in 2007 estimated to be $55-65 trillion☜By way of comparision, global GDP in 2007 is estimated to have been between $55 trillion and $66 trillion.☜9FDEF6
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Author:
CIA World Factbook
Cited by:
David Price
0:17 AM 10 October 2008 GMT
URL:
https://www.cia.gov/library/publications/the
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-world-factbook/geos/xx.html
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10/10/2008 12:15:00 AM
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