Max Keiser’s politics is controversial. But, as a journalist, he is a genius. Market-based probabilistic predictions (whether it’s play money or real money) are now part of his daily punditry toolbox.
Chris F. Masse July 22nd, 2008
Here’s the link to the HubDub prediction market which Max Keiser plugs in this video segment.
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- Exchanges & Markets , Marketing , Prices & Probabilities , Regulations
- Comments(1)
since 1973, and the U.S. closing the gold window, all money is ‘play’ money in that all money is not money at all but merely a medium of exchange. If the US gov’t decides that the US dollar no longer has value than the US dollar no longer has value (as they do/don’t every day relative to money supply and fed funds rate).
Gold is valuable today as it is valuable tomorrow no matter what any government says. Gold is real money. fiat dollars are not.
it is erroneous to assume that ‘pm’ results based on official fiat currencies should be taken any less/more seriously than unofficial fiat currencies. The Hollywood dollar is equal to the US dollar in every regard, except the hollywood dollar is based on a growing world wide attention demand (without inflation - if the hsx were managed correctly, which it is not) whereas the US dollar is based on a diminishing US interest supply (with inflation)
this is the most powerful aspect of the entire PM industry as such, and in my opinion, has not yet been exploited to anywhere near its potential. Not even InTrade has caught on to this powerful trend. Certainly hsx has not, they are a headless horseman out there in the PM wilderness still trying to figure out the design doc.’s from 1996.