That Was The Week: Look at the leverage on that!

When leverage was first introduced into financial markets it was bandied around as a distinct positive. Leverage was a way of making even more money on a good bet, generally by borrowing money from a bank to double, triple or generally multiply your winnings. There is more, but that's the gist. All good, but faltering financial markets revealed not only that you can lose money, but more shockingly that the same mathematics work in the opposite direction. Being leveraged then was easily revealed