Episode 127 • • 1:14:02 - 1:15:48
127: Poppy Futures Blooming
Boeing Tactical Laser, Chinese Derivative Defaults
Boeing successfully tested an Advanced Tactical Laser (ATL) capable of destroying a stationary vehicle from the air. In financial news, the Chinese government is reportedly allowing state-owned companies to walk away from loss-making commodity derivative trades. The hosts warn that the massive global exposure to derivatives, estimated at $500 trillion, could trigger the next phase of the financial crisis.