Thursday, January 04, 2007

Contract for US Recession in 2007

Back around Thanksgiving, I suggested that TS post a contract on the odds of a recession at Midas Oracle.

TS has done just that today, but be warned, the contract rules are rather vague. I would contact them before taking a position. For instance, I clearly specified the advance, preliminary, and final GDP numbers, where the contract rules do not. As some have said: caveat emptor!

Hat tip to Chris Masse!

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