Hey, have you heard about the global interest rate derivative market? It’s this financial market that was worth around $1.2 to $1.4 quadrillion at the time of the 2008 financial crisis, and it’s still around today. But here’s the thing: even though it’s been reported at a lower $598 trillion in H2 2021, it might still be a threat to the global economy. The decrease in the size of the market isn’t because banks have reduced their exposure to derivatives, it’s because of an accounting trick that made it look like the market had halved overnight. In reality, the market has remained virtually unchanged since the crisis. Read full article here
Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here
Merv
January 27, 2023
