Posts tagged as Reputation Market
The Reputation Market Gets Closer with Film Futures
So if you are reading about this "real-money movie box office futures exchange" being created by Cantor and thinking it is the weirdest thing imaginable, you're not wrong! Mostly because the terms of trading seem insufficient-"contracts on the Cantor exchange will trade at $1 for every $1 million a movie is expected to bring in" with just long and short positions-to make it worthwhile to trade on the box office expectations of films. But this could go extremely well. We refer you back to the reputation market, which draws nearer every day. Monetizing popular expectations? Check. A database for everyone to check in with and mess around with the hourly surge of popular judgment? Check! A currency tied to, um, nothing related or tangible at all? Hoorah! Finally we're living in the future.
Alan Greenspan's Window Is Always Open
Well, this is awkward. Alan Greenspan, hailed for most of his nearly two-decade run as chairman of the Federal Reserve as a market savant of the first order, is now assailed from all sides for the Fed's apparent role in overinflating the country's garish housing bubble. The charge is a fraught one, reports Fortune magazine's Geoff Colvin, since should it stick, it will fundamentally reshape perceptions of Greenspan's legacy at the central bank. Already the sweep of the emerging indictment is such, Colvin writes, that "four years after leaving the Fed as the Greatest Central Banker Ever, the longest-serving chairman, the Maestro, Alan Greenspan is the designated goat." READ MORE
