Friday, December 01, 2006

Capitalism Officially Zany

You can buy options on futures.

Futures options futures options futures options futures options. Say that ten times fast, or until the revolution occurs — whichever comes first.

EDIT: Perhaps crazier still: "Today, trading volume in currency futures options dominates by far trading in currency options." More people are betting on how people in the future are going to bet on how the values of currencies will shift in the still further future than are betting on what the values of currencies will actually be in the future. All together now: 8 O

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