could derivatives mean the end for the economy as we know it?

13Mar08

i stumbled across this market watch story on the threat that financial instruments like derivatives could pose for the global economy, especially the financial markets. the article starts with a quote from a berkshire capital  letter to shareholders: 
“We try to be alert to any sort of mega-catastrophe risk, and that posture may make us unduly appreciative about [...]

Filed under: economy, mid to long term risk   |  Leave a Comment
Tags: derivatives, economy, financial markets, sub prime, warren buffett