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Nothing if not an opportunist, the analyst offloaded his inventory directly to disappointed jazz aficionados, for £40 a clip, and realised at once that he could earn a handsome risk-free yield, by setting up a term exchange between this emporium and ''SoundWavez'' Chingford — where Chingford supplied Jarrett and Soho supplied Astley. The Soho proprietor agreed and the first [[credibility swap]] transaction was executed. | Nothing if not an opportunist, the analyst offloaded his inventory directly to disappointed jazz aficionados, for £40 a clip, and realised at once that he could earn a handsome risk-free yield, by setting up a term exchange between this emporium and ''SoundWavez'' Chingford — where Chingford supplied Jarrett and Soho supplied Astley. The Soho proprietor agreed and the first [[credibility swap]] transaction was executed. | ||
===[[Credibility pair]]s=== | |||
Thus, also, was born on the first “[[credibility pair]]” | Thus, also, was born on the first “[[credibility pair]]”. {{credibility pairs capsule}} In an orderly and functioning market, “[[credibility pairs]]” are naturally negatively taste-correlated artists, and such serve as a useful means for benchmarking internal plausibility curves to market. Notable exchange-traded credibility pairs include ''[[Keith Jarrett]] and [[Rick Astley]]'' (ticker: KJA:RAS); ''Billy Ray Cyrus and Radiohead'' (ticker: BRH:RHD), ''[[Toto]] and Grandmaster Flash'' (ticker: TOT:GMF) and, notoriously, Gary Glitter and Rolf Harris (ticker:GGL:ROL) — a a long and apparently stable negative correlation which caused widespread dislocation when it inverted unexpectedly in 2014. | ||
===Growth of market=== | ===Growth of market=== | ||
Before long, [[credibility derivatives]] were big business in the clothing industry: a segment of the economy, of course, with significant exposure to sudden, arbitrary changes in the public’s opinion. | Before long, [[credibility derivatives]] were big business in the clothing industry: a segment of the economy, of course, with significant exposure to sudden, arbitrary changes in the public’s opinion. |