Satellite radio will rock, eBay’s on a roll in China, and Republicans will continue to rule in Washington. Thank God, prediction markets did not make the Business Week list. And to HedgeStreet’s despair [*]:
PREDICTION: “A very active hurricane season is looming.” — National Oceanic & Atmospheric Administration, May 22, 2006
THE REALITY: Of the up to six “major” hurricanes in the North Atlantic that were predicted by NOAA, only two materialized. Number that reached U.S. shores: zero.
[*] HedgeStreet has deleted all pages referring to its “Forecasting Center” for hurricanes. Big mistake. Web content should live forever, in my view.
