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InTrade: Positive GDP in Q3?
Published:
Wednesday, 29 Jul 2009 | 4:11 PM ET
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By: Larry Kudlow
Anchor
Anchor
My great pal Jerry Bowyer brought this interesting InTrade chart to my attention.
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Source: intrade.com |
It shows that the global pay-to-play prediction market is growing confident that Q3 GDP is headed into positive territory. In fact, this contract is up another 2 points today, and now reveals a 75 percent probability of a positive U.S. GDP number in Q3. Not bad. It's another positive economic sign from folks betting with real money.
As I wrote in my latest column, Team Obama will surely take credit for any improving economic news. Republicans need to start crafting a smart political response.
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