Via Barry Ritholtz (author of Bailout Nation)
You cant have accumulator bets on the weather of neighboring regions…
Reply
Tag Archives: weather
WeatherBill C.E.O. David Friedberg hopes to persuade [!?] the Commodities Futures Trading Commission (C.F.T.C.) to change the requirement that currently limits weather derivative traders to accredited investors with a minimum net worth of $1 million.
Hummmmmmmmm…- Quite a bold ambition. I’-m very surprised by his statement. Is he naive?
Via our chief economist Michael Giberson.
Land-Ocean year-to-date temperatures 0.35 Celsius over baseline
according to GISS. Assuming the Intrade “-Top 5″- global warming contract expires according to the Land Ocean Index, May – Dec 2008 temperatures will need to average 0.65 Celsius over baseline. The record was set back in 2005, 0.62 Celsius over baseline.
Intrade needs to specify the expiry conditions more precisely.
Still, I’-m remain short the contract:
Cross-posted from Caveat Bettor.
Previous blog posts by Caveat Bettor:
- Final InTrade v. Zogby Showdown Results
- Intrade lists Global Warming Contracts!
- Intrade beats Zogby on Super Tuesday
- Super Tuesday Showdown: Intrade v. Zogby
- The Democrat SC Showdown: Intrade v. Zogby
- Zogby beats Intrade in predicting Nevada caucus winner Clinton.
- The GOP SC and Dem NV Showdown: Intrade v. Zogby