Posted on 10/14/2010 12:55:38 PM PDT by Razzz42
...In some totally and completely unrelated news, the CME Group announced today that it would begin listing and trading RAINFALL futures on November 1 of this year. Yep – you heard it right – now you can bet on whether or not it will rain and maybe make money doing it! Poor Tom Skilling (Chicago’s premier meteorologist whose every word is hung upon by grain traders from about April onward through August). Now almost as soon as he utters his forecasts, the hedge fund algorithms will be slamming the rain futures market before he even gets to go to put up his maps.
Let’s see, they’ve already got futures contracts on temperature, snowfall, frost and hurricanes; now comes this. About the only thing missing is thunder and lightning. I have put in a request that they offer sunrise and sunset futures because as we all are so painfully aware, there is a risk element involved here as to whether or not the sun will rise in the East and set in the West. With Quantitative Easing coming from the Fed, there is a chance that it could cause the Earth to reverse the direction that it spins on its axis and heaven knows, we need to be hedged against such a development. And one wonders why America is in decline. What’s next – futures contracts on dead cow entrails?...
(Excerpt) Read more at jsmineset.com ...
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