Monday, April 24, 2006

Housing Futures

More good news from the world of financial innovation!Thanks to MoneyScience for pointing out the following from Robert Shiller:The Korea Herald : The Nation's No.1 English Newspaper: "Within a month, the Chicago Mercantile Exchange (CME), in collaboration with [other companies]... will launch futures and options contracts on home prices in ten cities in the United States. The contracts will be

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