2. The big banks learned nothing from all the previous troubles with derivatives, including the huge collapse and bailout in 2008, and they've loaded up on even more derivatives. Derivatives are financial instruments understood by no one and amount to bets on bets. They are supposed to "spread out risk" so that nobody has too much risk if something bad should happen with an investment. The only problem is that there is now more risk than ever spread out even further, such that if something major happens, like Russia goes bankrupt or oil prices keep going down or stay down, the whole thing implodes and all that risk buries everybody. 3. China's economy is slowing in spite of everything their government can do to goose it and present an illusion of prosperity. We were shocked to learn that in addition to empty cities and empty buildings all over the place, China is also home to lots of empty factories. All these empty buildings were built to:Question:What's the best reason to have a good war?Answer:To hide a bad economy and stop civil unrest before it starts.