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Template:M intro isda a swap as a loan: Difference between revisions
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Template:M intro isda a swap as a loan (view source)
Revision as of 10:16, 15 December 2023
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====Derivatives as engines of hypothesis==== | ====Derivatives as engines of hypothesis==== | ||
Do swaps change all that? No: because at some point, swaps must be ''based in the reality from which they are derived''. | Do swaps change all that? No: because at some point, swaps must be ''based in the reality from which they are derived''. | ||
{{quote| | |||
{{D|Derivative|/dɪˈrɪvətɪv/|n}}FINANCE: (of a product) having a value deriving from an underlying variable asset. | {{D|Derivative|/dɪˈrɪvətɪv/|n}} | ||
FINANCE: (of a product) having a value deriving from an underlying variable asset.}} | |||
It was only once the [[Children of the Woods|Children of the Forest]] wrought their wristy magic on the [[First Men]] in the dark thickets of [[Bretton Woods|Woods of Bretton]] that the ways of the [[Single agreement|Single Agreement]] came into common understanding. Only then were leaden, earth-bound notions of necessary principal swept away. Only then did the swap market take wing, upon the nuclear power of infinite [[leverage]]. | It was only once the [[Children of the Woods|Children of the Forest]] wrought their wristy magic on the [[First Men]] in the dark thickets of [[Bretton Woods|Woods of Bretton]] that the ways of the [[Single agreement|Single Agreement]] came into common understanding. Only then were leaden, earth-bound notions of necessary principal swept away. Only then did the swap market take wing, upon the nuclear power of infinite [[leverage]]. | ||