David Leonhardt’s article today about Online Betters  was quite good. Using the odds fleshed out by online traders, you could have:
- Predicted the winner presidential election for all 50 states in 2004
- 85% of recent Emmy winners
- The current American Idol winner
The NYT article says that online gamblers see no sign of a housing bubble anytime soon…
Not sure I want to rely on this as a way to get comfortable with the real estate economy but it is tempting. One could argue that the recent poker craze , is a sign of speculative environment.
Using the Superbowl…