Britain's Budget Rumor Market Introduces Betting on Whether the Rumor Was a Rumor
At the fictional Rumor Exchange of London, traders can now hedge against reports that yesterday's budget speculation was merely exploratory speculation about a possible idea.

At the fictional Rumor Exchange of London, traders can now hedge against reports that yesterday's budget speculation was merely exploratory speculation about a possible idea. Analysts call the product essential protection against excessive clarity.
A television economist arrived with separate ties for each scenario. Higher taxes required navy; lower taxes required burgundy; no announcement required whatever remained clean after the overnight coverage.
Li Wei asked when the actual document would matter. A broker explained that publication was a disruptive event capable of destroying weeks of perfectly profitable guessing. The exchange has therefore opened a replacement market in what the document secretly means. It expects uninterrupted trading through the next budget.