The triumph (or co-opting) of capitalism over terror?

And it looks like some familiar names are behind it.

http://www.salon.com/news/wire/2003/07/29/terror_market/index.html

The problem to me seems to be that the Pentagon will use price discovery
to act, thereby negating the value of the contract.

But is that any different that deciding where to put your combines based on
the futures price of corn?
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[Bruce Sawhill]

All the usual suspects, and our old friends and contacts.  Plus the
Virginia Mason connection.

Efficient market hypothesis?  If markets were truly efficient, there
would be a lot less opportunity.  Any case that is truly interesting is
far from equilibrium and irrational and not efficient.

One imagines what market manipulation would look like in this case.  We
might yearn for the sweet old days of Enron.

Bruce


On Tuesday, July 29, 2003, at 09:21 AM, [hidden email] wrote:

>
> And it looks like some familiar names are behind it.
>
> http://www.salon.com/news/wire/2003/07/29/terror_market/index.html
>
> The problem to me seems to be that the Pentagon will use price
> discovery
> to act, thereby negating the value of the contract.
>
> But is that any different that deciding where to put your combines
> based on
> the futures price of corn?
>
> ============================================================
> FRIAM Applied Complexity Group listserv
> Meets Fridays 9AM @ Jane's Cafe
> Lecture schedule, archives, unsubscribe, etc.:
> http://www.redfish.com/friam

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[Roger Critchlow-2]

And the uproar is such that the program is already cancelled.

-- rec --

[hidden email] wrote:

> And it looks like some familiar names are behind it.
>
> http://www.salon.com/news/wire/2003/07/29/terror_market/index.html
>
> The problem to me seems to be that the Pentagon will use price discovery
> to act, thereby negating the value of the contract.
>
> But is that any different that deciding where to put your combines based on
> the futures price of corn?
>
>
>
> ------------------------------------------------------------------------
>
> ============================================================
> FRIAM Applied Complexity Group listserv
> Meets Fridays 9AM @ Jane's Cafe
> Lecture schedule, archives, unsubscribe, etc.:
> http://www.redfish.com/friam

[Bruce Sawhill]

Good thing, too!

Bruce

On Tuesday, July 29, 2003, at 09:31 AM, Roger E Critchlow Jr wrote:

> And the uproar is such that the program is already cancelled.
>
> -- rec --
>
> [hidden email] wrote:
>> And it looks like some familiar names are behind it.
>> http://www.salon.com/news/wire/2003/07/29/terror_market/index.html
>> The problem to me seems to be that the Pentagon will use price  
>> discovery
>> to act, thereby negating the value of the contract.
>> But is that any different that deciding where to put your combines  
>> based on
>> the futures price of corn?
>> ----------------------------------------------------------------------
>> --
>> ============================================================
>> FRIAM Applied Complexity Group listserv
>> Meets Fridays 9AM @ Jane's Cafe
>> Lecture schedule, archives, unsubscribe, etc.:
>> http://www.redfish.com/friam
>
>
> ============================================================
> FRIAM Applied Complexity Group listserv
> Meets Fridays 9AM @ Jane's Cafe
> Lecture schedule, archives, unsubscribe, etc.:
> http://www.redfish.com/friam
>