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Derivatives are contracts that allow people to make bets, be it on the price of corn, the future of interest rates or a pool of subprime mortgages.
But in the run-up to a close election, things become even more confusing, as the future of interest rates and the wider economy hangs in the balance.
Each CDO would be sold on the basis of its own scenario, using central assumptions about the future of interest rates and defaults to "demonstrate" the payouts over, say, the next 30 years.
All over the United States, she was the only topic of conversation at Labour Day picnics; at Jackson Hole, Wyoming, central bankers lost interest in the future of interest rates when her death was announced; in Pakistan a man she had once met poisoned himself.
U.S. stocks were lower during the morning half of the session, as the market waits for more economic data and a speech from Fed Chairman Alan Greenspan Alan Greenspan this week to shed light on the future of interest rates.
Rate watch: Those concerned about the future of interest rates will take note Wednesday when the minutes of the last meeting of the Federal Open Market Committee are made public.
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And they can guide people's expectations of the future path of interest rates or inflation.
In the past, the European Central Bank refused to commit itself on the future direction of interest rates.
So as the data changes, the market path of the likely future path of interest rates should change, Carney explains.
This was the first time the ECB had given explicit guidance about the future path of interest rates.
That list will give the best estimate of where the future conflicts of interest between legislation and the Palmer web of assets will arise.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com