Saturday, April 11, 2009

Intrade echoes Obama optimism

Intrade's latest Prediction Markets show some optimism for the U.S. economy but little hope for Detroit's big 2 car dinosaurs:

Their markets not only indicate low probability of a depression, they also suggest there could a turn around by the end of 2009.

The news is not so good for Chrysler with "50.1% chance of a partnership agreement being successfully concluded by April 30th" with Fiat and 79.9% probability of bankruptcy.

Intrade markets hold out slightly more hope for General Motors with bankruptcy at 68.0%.

Barack Obama's latest comments echo these results:

United States President Barack Obama says he is starting to see glimmers of hope for the US economy.

Mr Obama says the US economy is still under severe stress, with many Americans losing their jobs and their homes.

But he says there are glimmers of hope as his massive economic stimulus plan takes effect.
Obama sees 'glimmers of hope' for economy (ABC 11 April 2009)

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