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This chapter of the new Crash Course series has not yet been made available to the public.

Each week over the rest of 2014, in sequential order, a new chapter will be made publicly available (we've currently published up to Chapter 7)

If you don't want to wait, you can:

 

 

 

 

 

Daily Digest

Image by sacks08, Flickr Creative Commons

Daily Digest 4/10 - Americans Skipping Meds To Save Money, Italians' Spending Power Crumbles

Wednesday, April 10, 2013, 10:14 AM
  • Blue Angels Grounded by Budget Cuts for Rest of 2013
  • Cyprus Faces Risk of Payments Freeeze, Budget Shortfall Looms
  • Arizona gold bill moving forward
  • Five million households in debt to energy firms
  • Fitch Cuts China Yuan Debt Rating on Local Government Borrowing
  • French economy stalls as budget deficit grows
  • Stately Detroit Homes Rot As Appraisals Stall Sales
  • US homeless numbers expected to rise as spending cuts deepen
  • Italians' spending power crumbles in recession
  • Bass Says Japan Bondholders’ Reaction to Stimulus Telling
  • Interest on government student loans set to double this summer
  • Americans Skipping Prescription Meds To Save Money
Daily Digest

Image by Images_Of_Money, Flickr Creative Commons

Daily Digest 3/10 - Austerity Still Not Working, What If Women Ruled The World?

Sunday, March 10, 2013, 9:37 AM
  • Elizabeth Warren: What Level of Criminality Will It Take to Shut Down a Bank, (Mr. President)?
  • Viewpoint: What if women ruled the world?
  • Max Keiser on Bitcoin Currency | Interview with Max Keiser
  • Gold Price “Weakness” Explained By The Ongoing Currency War
  • Austerity: Still Not Working
  • ‘Everyone’s a bit lost’: Carmakers think outside the box as electric dreams shatter
  • Tiny German village a model in country's energy revolution
  • Gardening Link Bomb
  • Invasive species hitchhiking to west coast on tsunami debris
Podcast

Janet Tavakoli: Understanding Derivatives and Their Risks

Abuse is the problem
Saturday, September 15, 2012, 10:48 AM

Global financial markets are awash in hundreds of trillions of dollars worth of derivatives. By some estimates, the total amount exceeds one quadrillion.

Derivatives played a central role in the 2008 credit crisis, as they had a brutal multiplying effect on the magnitude of the carnage. As a bad asset was written down, oftentimes there were derivative contracts written against it that resulted in total losses 10x greater than the initial write-down.

But what exactly are derivatives? How do they work?

And have we learned to treat these "weapons of mass financial destruction" (as Warren Buffet colorfully coined them) any more carefully in the aftermath of the global financial crisis? » Read more