The numbers are beyond sanity 😳🤪

"The global derivatives market is a $2+ QUADRILLION (2,000+ TRILLION) ticking time-bomb. When banks fail, derivatives won't just unwind in an orderly fashion. Few people understand this.

These are some of the top U.S. banks ranked by derivatives exposure (double-digit TRILLIONs).

Credit Suisse has a $39 Trillion off balance sheet derivatives exposure. We don't know: 1. whether it's all delta neutral. 2. What's getting picked up by UBS. 3. Which countries an unwind could impact. A chain reaction of bank unwinds could become potentially catastrophic." by Gabor Gurbacs