We've Only Just Begun...To Crash

The chart shows the relative size of the credit derivatives and subprime mortgage markets.

The subprime mortgage derivatives crisis is only a tiny drop in the bucket (a bucket larger than the entire world's Gross Domestic Product).

When will the next phase of the credit derivitaves bubble burst?  Tough to say.  But burst it must.  

A Credit Derivatives Risk Primer

http://www.financialsense.com/fsu/editorials/amerman/2008/0917.html