​36 South’s Haworth: Doomsday & Derivatives

“Derivatives have a great role to play in the modern economy,” Jerry Haworth, principal ceo, cio and portfolio manager at 36 South Capital Advisors, asserted in the conference keynote address. But, the derivatives market has grown in conjunction with the global debt bubble—which he referred to as “the Doomsday Machine”—and is intrinsically intertwined with the rise in credit. “If the global debt bubble bursts, so will derivative volume.”