Nassim Nicholas Taleb @nntaleb
Good thread. The AI didn't get swaps, uses buzzwords like a psychologist talking abt statistics. Swaps entail NO borrowing: parties engage in paying interest rate variations, but are by convention booked in nominal. A $1M swap may have a risk of $10K. Often dynamically margined. — PolitiTweet.org
Jaffer Ali @jaffer_ali1
$80 Trillion of FX swaps not on balance sheets? What could go wrong? Not my area, but it seems menacing, no? https://t.co/GtJCjRZeB4
