A major financial dislocation appears imminent

A major financial dislocation appears imminent. I have extensively written about the three catalysts that could unleash calamity:

-the reckless granting of low quality real estate loans;
-the intransparency of trillions of dollars in outstanding derivatives;
-and the lack of regulations of hedge funds.

I have no idea on which of these fronts the crisis will be unleashed, but the odds of a crisis are mounting.