Credibility derivatives: Difference between revisions

Jump to navigation Jump to search
no edit summary
No edit summary
No edit summary
Line 11: Line 11:
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===
===[[Credibility pair]]s===
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.
Thus, also, was born on the first “[[credibility pair]]”. {{credibility pairs capsule}}  
===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.

Navigation menu