Has the derivatives volcano already begun to erupt?

The risk remains that dollar credit will seize up globally, with disastrous consequences for countries that have to borrow dollars to cover deficits

http://www.atimes.com/article/has-the-derivatives-volcano-already-begun-to-erupt/?utm_source=The+Daily+Report&utm_campaign=dc237e721f-EMAIL_CAMPAIGN_2018_10_09_08_51&utm_medium=email&utm_term=0_1f8bca137f-dc237e721f-31519013