From what I understand the derivatives market is several times larger than the entire world economy.
It's secret and unregulated. One party wants to stop more regulation and get rid of regulation. The other one wants to do less of that and add some more to cover stuff like this market. We need a government to regulate stronger, bring back glass steagall, and a bunch of other things that are over my head to prevent another economic blow up.
From after the new deal up to 1980 there weren't any big bubbles bursting, huge economic downturns etc. Then the Reagan administration started the whole deregulation thing and shifting the tax burden from the wealthy to the middle class. Since then the rich have gotten richer at an unprecedented clip and we've had several economic 'tragedies' that no one saw coming, which of course is bs.
FuzzNJ wrote: