Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Category Archives: Finance

The Real Arithmetic Of The Health Care Reform

The Real Arithmetic Of The Health Care Reform – NYT – by a former CBO director.
Required reading for Paul Hewitt.
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ADDENDUM
More info on health care reform on Memeorandum, Politico and Slate.

The stock market is stochastic.

Randomness is predictable.

Michael Lewis on CBS 60 Minutes: How the capitalism was almost destroyed by the capitalists in the Fall of 2008 – [VIDEO]

Download this post to watch the video embedded below —if your feed reader does not show it to you.
Watch CBS News Videos Online
Part 2:
Watch CBS News Videos Online
Felix Salmon review of Michael Lewis’s book, “The Big Short”.

Peter Schiff on CNBC Fast Money – [VIDEO]

March 9, 2010

Ron Paul – March 11, 2010

Jim Rogers:

In light of the upcoming “bursting” of the Cantor Exchange, Max Keiser have regrets about creating the Hollywood Stock Exchange.

Max Keiser:
Joe Weisenthal drinks the Kool-Aide
http://www.businessinsider.com/how-the-cantor-exchange-movie-trading-platform-works-2010-3
The CFTC really should be called to account for launching something like this – while the fire is still burning on the various CFTC approved products/contracts responsible for the last two years of economy collapse…
But here’s what I think. Since every media outlet in the world is going to cover [...]

Max Keiser claims to have predicted the Lehman Brothers creative accounting thing.

MAX KEISER FOR PRESIDENT…!!!…

Cantor Exchange in the New York Times

Richard Jaycobs uses the adjective “tremendous”. But here’s what the journalo says:
But buyers beware: if “Avatar” is any indication, the public isn’t always so wise about Hollywood fortunes. Most users of HSX.com predicted a flop, and if those users had placed real money on the Cantor exchange, they would have taken a serious hit.
http://www.cantorexchange.com/
http://www.hsx.com/

French bozo economist David Thesmar is hiding his 2007 Op-Ed that stated that the financial crisis “won’t happen”.

David Thesmar is a man of minutiae. He runs a website at his glory that lists any paper, book or editorial he has penned. Except for one.
Our French smart ass co-wrote an Op-Ed in July 2007, titled, “The mega-crash won’t happen” [PDF file]. Just everything in [...]

French bozo economist Augustin Landier is hiding his 2007 Op-Ed that stated that the financial crisis “won’t happen”.

Augustin Landier is a man of minutiae. He runs a website at his glory that lists any paper, book or editorial he has penned. Except for one.
Our French smart ass co-wrote an Op-Ed in July 2007, titled, “The mega-crash won’t happen” [PDF file]. Just everything in it was wrong, as the [...]

In France, prediction markets are hyped by 2 bozo economists —David Thesmar and Augustin Landier.

Emile Servan-Schreiber is doing a great job of putting prediction markets on the French media scene. (As I type this, he is on French TV.)
2 green-foot French economists (David Thesmar and Augustin Landier) are hyping the prediction markets in the French media, using a non-scientific language (“predictive markets”, “stocks” *) and few references to hard [...]

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