Monday, May 3, 2010

Beware of derivative markets


Jewish date:   19 ’Iyyar 5770 (Parashath Behar-Beḥuqqothay).

Today’s quasi-holidays:  World Press Freedom Day (UN), National Two Different Colored Shoes Day.

Worthy cause of the day:  “Don't let the climate deniers drown out science”.

Today’s news and commentary:
Today’s weird thing, submitted by Harold is “Easily Understood Explanation of Derivative Markets (In plain language, even a drunk can understand)”.  This should help everyone understand what went horribly wrong.

Enjoy and share the weirdness.

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