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{{a|g|[[File:Fashion.jpg|450px|thumb|center|A brand new, not very clear, dance, yesterday]]}}[[Credibility derivatives]] were once the principal means of [[hedging]] [[tail risk]] in fashion industry. They grew out of the popular pastime of [[taste arbitrage]], a much simpler, [[physically-settled]], contract on the spot hip market. | {{a|g|[[File:Fashion.jpg|450px|thumb|center|A brand new, not very clear, dance, yesterday]]}}[[Credibility derivatives]] were once the principal means of [[hedging]] [[tail risk]] in fashion industry. They grew out of the popular pastime of [[taste arbitrage]], a much simpler, [[physically-settled]], contract on the spot hip market. | ||
===Origins=== | ===Origins=== | ||
History has it that an enterprising analyst | History has it that {{author|Hunter Barkley}}, an enterprising hipness analyst on the [[taste arbitrage]] desk at [[Wickliffe Hampton]] stumbled upon the idea of [[credibility derivatives]] when shopping for records in Essex one Sunday in the 1980s. | ||
He noticed that his local record store in Chingford, which carried [[Rick Astley]]’s turgid debut ''[[Whenever You Need Somebody]]'' at its full price, had sold out of it, while fully fifteen copies of Keith Jarrett’s seminal, hard-to-find and unstintingly cool ''[[The Köln Concert]]'' lingered disregarded in a sale bin for a pound fifty each. | He noticed that his local record store in Chingford, which carried [[Rick Astley]]’s turgid debut ''[[Whenever You Need Somebody]]'' at its full price, had sold out of it, while fully fifteen copies of Keith Jarrett’s seminal, hard-to-find and unstintingly cool ''[[The Köln Concert]]'' lingered disregarded in a sale bin for a pound fifty each. | ||
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{{sa}} | {{sa}} | ||
*[[Credit default swap]] | *[[Credit default swap]] | ||
*[[Turpitude derivatives]] | |||
{{ref}} | {{ref}} | ||
{{newsletter|1}} | {{newsletter|1}} |