What are the odds that the US will enter another recession?
June 4, 2011 in Daily Bulletin
20% according to InTrade, a self-styled “Prediction Market” where individuals can place bets on whether or not certain events will happen. Some of their Hot Markets include:
- 63% Chance that Barack Obama will be re-elected
- 29% Chance that Mitt Romney will be Republican Presidential Nominee
- 39% Change that Sarah Palin will announce a run for the presidency before 2012
- 31% Chance that Mahmoud Ahmadinejad will no longer be President of Iran in 2012
- 7.9% Chance that NASA will discover aliens in 2011
- 0.8% Chance that Joe Biden will be elected President in 2012
Source: InTrade
[…] to InTrade, a prediction market, there’s a 14.9% chance that the US debt ceiling will be raised before the end of July. To […]