Sunday, Jan 18, 2009
Intrade market in US entering 2009 depression 56%
Intrade: Trade on US economy entering 2009 depression
The market at Intrade is predicting a probability of a U.S. Depression (10% or greater decline in GDP) in 2009 to be 56%.
Posted by mrminsky @ 02:11 PM (242 views) Add Comment
1 Comment
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1. drewster said...
Lies, damned lies, and statistics.
The prediction is that the annualised figures, released every quarter, must show a combined total of 10 percentage points. That means an average 2.5% drop over the year - not 10% drop.