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07/29/2003 Archived Entry: "Y'know, just when you thought you've seen everything..."
Y'know, just when you thought you've seen everything...
Then the Department of Defense goes and sets up some kinda betting pool for Middle Eastern events.
Analysts often use prices from various markets as indicators of potential events. The use of petroleum futures contract prices by analysts of the Middle East is a classic example. The Policy Analysis Market (PAM) refines this approach by trading futures contracts that deal with underlying fundamentals of relevance to the Middle East. Initially, PAM will focus on the economic, civil, and military futures of Egypt, Jordan, Iran, Iraq, Israel, Saudi Arabia, Syria, and Turkey and the impact of U.S. involvement with each.
The word 'perverse' comes to mind, but it doesn't seem to be quite strong enough.
And yes, it is for real.
Replies: 2 people speak up
Trifecta comes to mind.
Posted by SDX @ 07/29/2003 12:02 PM NY
Actually, there are financial terms for this type of analysis. Two come to mind: "risk management" is one, "risk collateralization" is another.
That MBA in Finance may be useless in the job market, but every once in a while it comes in handy.
Posted by metropolitan99 @ 07/29/2003 12:34 PM NY
