Agoracom Blog

It’s Official – This Is A TRILLION Dollar Problem. 6 Trillion To Be Exact

Posted by AGORACOM at 9:29 AM on Tuesday, September 23rd, 2008

The Financial Collapse of 2008 means among other things, that Mike Myers will have to significantly adjust Dr. Evil’s dreams of “$1 Million” ransom significantly higher.

That’s because the ransom held by investment bankers over every one of our heads is between $5 and $6 TRILLION dollars. The $5 Trillion figure came from JF Tardif (ranked by Barron’s as the #18 Hedge Fund Manager on the planet) during an interview on BNN this morning. I live posted 4 of his comments in my Twitter micro-blog which can be seen seen in order here, here, here and (the Trillion dollar post) here.

The $6 Trillion figure came from this Financial Times article (hat tip to Paul Kedrosky). The FT article is a must read in it’s entirety, so I’m not going to provide any bullet point highlights.  Read it.

In the meantime, according to Tardif, start looking to shore up your portfolio with some good energy and agricultural plays.


One Response to “It’s Official – This Is A TRILLION Dollar Problem. 6 Trillion To Be Exact”

  1. […] The experience of an investment bank isn’t much different except for two things.  First, you could never get 30X leverage on your money but institutions can.  Second, they’ve done it to the tune of TRILLIONS OF DOLLARS. […]