Stock Market & World GDP Statistical Data Sculptures — Visualizing Economics
OTC Derivatives vs. World GDP Statistical Data Sculptures — Visualizing Economics : "The piece consists of two layers: the lower half is a mapping of the world’s GDP and the top half is a mapping of the derivatives volume, alloted to the coordinates of the countries on a map." Norton's comment: So you can see the scale of OTC outstanding Derivatives in each country is MORE than the size of their annual GDP (gross domestic product)! This is still the case! Many of these derivatives are still listed and reported by the banks and the FED at face value when they could very well be worth 10 cents on the dollar. So, when will these assets(or contingent liabilities) be revealed? What effect will they have on the stock market? On the bond market, on the financial statements? Don't you think that this is indeed a "... The Total Notional Value of OTC Derivatives Outstanding dropped f rom some $683 Trillion as of June, 2008 to $592 Trillion as of December, 2...