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US Economic Growth by Quarter
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Hey - this Intrade.net prediction market page, "United States GDP growth for Q2 of 2010 will be postive" is really cool.{n}I thought you might be interested in sharing your thoughts and opinion.{n}Take care!
96.4%
The intrade crowd predicts that there is a 96.4% chance that this event will happen.
Is the crowd wrong? Make YOUR prediction now!
United States GDP growth for Q2 of 2010 will be postive
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nofreelunch
10/2/08 6:18 PM
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"US GDP for Q3 of 2008 will be positive." Since GDP is always positive, as it is a measure of value added, then this is a no brainer. What they mean to say, is the Growth Rate of US GDP for Q3 will b...
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Now I found it (at intrade.com): Expiry will be based on data reported by the U.S. Department of Commerce (Bureau of Economic Analysis, Table 1.1.1, "Percent Change From Preceding Period in Real Gross Domestic Product") as reported by the BEA
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nofreelunch
10/2/08 6:09 PM
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"US GDP for Q3 of 2008 will be positive." Since GDP is always positive, as it is a measure of value added, then this is a no brainer. What they mean to say, is the Growth Rate of US GDP for Q3 will be positive, but then they need to specify the 1-year change or the change from Q2. I can't seem to find the explanation of the contract that says what is being bet on.
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