One can trace the origin of derivatives, for the purpose of the future delivery of a product, to Mesopotamia circa 2000 BC. The actual trading of derivative contracts can be tracked to…
Tag: derivatives
House of Sticks: Another history repeats itself
By Kent Lyndon What do Orange County, California, Detroit, Michigan, and–yes, just a four hour drive from where you all live–Jefferson County, Alabama, have in common in bankruptcy court twenty years apart?…