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US 2009 Depression

For the truly bearish, Intrade launches a US 2009 depression contract.  Depression is defined ‘as a cumulative decline in GDP of more than 10.0% over four consecutive quarters… Negative quarters in the preceding year will count towards the total GDP decline for expiration purposes.’

The contract is yet to trade, but the bid-ask is 5.1/15, with most of the volume on the short-side.

posted on 07 October 2008 by skirchner in Economics, Financial Markets

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