Time generates an endless sequence of snapshots from which all human knowledge has evolved. To each their own perception of what probabilities to expect. Ignoring the data has never assisted accuracy in any such endeavour. Here's another freebie... http://tinyurl.com/c53ggj7
It be bullish of course and counting in trillions so old hat. Its only a quarter of a quadrillion. Many more grains of sand in the Sahara and the banks can press delete any time. Not quite sure what's stopping them though. Any bulls hit on a reason?
Risk can be managed. Even exposure of the the order of 50 to 1 such as the largest US banks supposedly operate with. But what if the primary assumption of bilateral netting is not likely to work very effectively? This could (can? will?)be quite mortifying methinks. .............. Forsooth, is it Banquo? ... http://tinyurl.com/3oj7vbs