Thursday 15 April 2010

The great big dirty secret of financial innovation

What caused the Crisis?

Derivatives.

You’ve probably heard this term before, or have some vague understanding of what it means. But the actual reality of derivatives and what they mean for the financial markets remains a topic no one in the mainstream media (or the regulators for that matter) wants to touch.

Why?

The above is snipped from this article. Read it to find out the answer to this question, plus what you can realistically do about it to protect yourself to some extent.

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