Worst Job Losses In 60 Years Expected
marketwatch.com — The recession tightened its grip on U.S. businesses and consumers in February, according to economists, who are predicting the largest one-month job loss in almost 60 years. "Pink slips continue to fly," said Meny Grauman, an economist for CIBC World Markets. With output still falling at a dizzying rate, most companies are shedding unneeded worker (Submitted by upick) More...
Automakers Fear Lower Sales Will be the New Norm
nytimes.com — After several years of sales topping 16 million vehicles, the U.S. market plummeted to 13.2 million cars and trucks sold in 2008. Analysts do not predict a year with 15 million in sales until 2012 or later. “Trading in a car every three years is a luxury that the average American can no longer afford,” said consultant John Casesa. (Submitted by TheEngineer2008) More...
Prediction Markets Accurately Predict
lewrockwell.com — As I write this, the chance of Congress passing a law by December, 2006 that allows U.S. taxpayers to divert Social Security taxes to private accounts is about 1 in a 100. All probabilities are taken from contracts traded on prediction markets run by Tradesports. What's interesting is how accurate these predictions actually can be. (Submitted by skyorbit) More...
Political markets see Clinton vs Giuliani contest
news.yahoo.com — Traders on the Iowa Electronic Markets, which have been predicting U.S. elections with surprising accuracy for 20 years, are expecting a tight presidential vote next year, with the Democrat narrowly defeating the Republican. (Submitted by ThisIsLife) More...
Beijing Olympics Prediction Center
hubdub.com — Who's set to win in Beijing and who's gonna flop? Collection of prediction markets forecasting what's to come in the Olympics. Has a nifty sidebar widget showing the total medal count of major nations. Will Phelps get the 8 medals he's hoping for? Will China receive the most medals in Beijing? Find out here. (Submitted by RaspberryTang) More...
A more accurate way to predict the console wars?
gamesindustry.biz — The video game industry has looked to analysts for sales predictions each month. A prediction market called "The simExchange" allows gamers to trade virtual video game stocks to predict NPD game sales. This editorial examines "the challenges of predicting trends in the video game market" and how a prediction market can provide better forecasts. (Submitted by chickenchaser) More...
High growth predicted in Nanotech Market
metal-powder.net — Worth an estimated $11.6 billion in 2007, the market is forecast to increase to $12.7 billion in 2008, reaching a value over double this amount in the next five years at a compound annual growth rate (CAGR) of 16.3%. (Submitted by inactive) More...
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