Alea

100 TeraDollar

That’s the notional amount of derivatives JPMorgan has on the books after the Bear purchase.

Or simply $100.000.000.000.000,00

Email This

Posted by jck at 3:39 am EST on March 17th, 2008 |

Trackback URI | Comments RSS

4 Responses to “ 100 TeraDollar ”

# 1 Chirag Says:
March 17th, 2008 at 8:17 am

where did you get this number from?

# 2 jck Says:
March 17th, 2008 at 9:08 am

Sum of 92 T$ for JPM [OCC quarterly derivatives report] and 8 or 10Ts for
Bear from SEC filing [don't remember exactly which and no time tolook now].

# 3 njdoc Says:
March 17th, 2008 at 9:16 pm

That’s an astronomical number of leveraged assets to have. How do you think they will unwind their positions?

# 4 jck Says:
March 18th, 2008 at 5:51 am

It’s the notional value of all derivatives, not “assets” in the normal sense of the word.

Blogs

“Nobody would argue that the lifting of the uptick rule has much to do with the credit crisis. But the astonishing collapse of Bear Stearns makes one wonder if the rule would have slowed its eventual demise.” (Deal Journal) ...

Going Private

A Brief Delay

Unfortunately, there will be a brief delay in service while I dry off my undergarments and descend into the plateaued euphoria of the newly minted Icahn Report.

Stumbling and Mumbling

Who wants to be Labour leader?

Louise Bagshawe repeats what is becoming quite a common theme in the Westminster village - that David Miliband is not acting like the next Labour leader. There might be a good reason for this - there’s not much point being...

Paul Krugman

Gramm Old Party

They still believe The classic definition of a gaffe is when someone accidentally tells the truth. Phil Gramm committed a slightly different sin: he accidentally said what he, and most of the conservative movement, really believe. What you have to ...

Portfolio.com: Market Movers

Signing Off

Just in time to avoid the aftermath of the dreadful Merrill results, I'm off on holiday. (Although it's worth noting that the shares "sinking" 9% in after-hours trade only brings them back to where they closed yesterday.) There won't be ...

FT Alphaville

Pink Picks

Comment and Analysis in Friday's FT, Analysis: America braces itself for a second dip The economy is in increasing danger of deteriorating again later this year. While there have been occasional glimpses of hope, negative forces intensified over the past ...

Le blog d'éconoclaste

"Je me sens mendésiste dans l'idée que faire n'est pas forcément durer"

Mouarf... Et sinon, pour tout le reste, je suis plutôt mitterrando-chiraquien. Qu'est-ce qu'on rigole l'été......