>20204
also:
Red Red Cross
Seals are wonderful creatures
Watch the World Water Day
Google ads kinda reveal anon's investment interests.
I made a substantial purchase of such on:
1__2.23.22__
$32,002.00 just happened to be the exact total
#322222 was the exact order number I landed on (with some zeros in there I've omitted).
Raised anon's eyebrow—also an anymore-normal phenomenon.
>Can you briefly sum up for finance tard anon what the fuck a derivative is and why the fuck there are like 500 trillion dollars worth of them
THE BIG SHORT - Selena Gomez & Richard H. Thaler Explaining Synthetic CDO through BLACKJACK
A CDO is a particular type of derivative because, as its name implies, its value is derived from another underlying asset. These assets become the collateral if the loan defaults.
A synthetic collateralized debt obligation, or synthetic CDO, is a transaction that transfers the credit risk on a reference portfolio of assets. The reference portfolio in a synthetic CDO is made up of credit default swaps. Thus, a synthetic CDO is classified as a credit derivative.
bets on bets on bets
insurance on insurance on insurance
performance of all the layers of nonsense DERIVES from performance of original real thing.
Lots of people think they own a particular thing, but they only own a bet on how that thing will do.