We Were Warned About This…15 Years Ago

FORTUNE Magazine, March 7, 1994: Like alligators in a swamp, financial derivatives lurk in the global economy. Deriving their value from the worth of some underlying asset, like currencies or equities, these potentially lucrative contracts are measured in trillions of dollars. But they also lie in convoluted layers in a tightly wound market of global […] » about 300 words