The Most Important Futures Contract In The World Today

Futures contract: A standardized, transferable, exchange-traded contract that requires delivery of a commodity, bond, currency, or stock index, at a specified price, on a specified future date. Unlike options, futures convey an obligation to buy. The risk to the holder is unlimited, and because the payoff pattern is symmetrical, the risk to the seller is unlimited as well. Dollars lost and gained by each party on a futures contract are equal and opposite. In other words, futures trading is a zero-sum game. Futures contracts are forward contracts, meaning they represent a pledge to make a certain transaction at a future date. The exchange of assets occurs on the date specified in the contract.

Sounds like Obama's peace pledge. Can he, we, cash in?

I really don't know how to begin this post about Obama winning the Nobel Peace prize.

Follow this link to Politifacts to see what he's accomplished. Yeah, yeah, he brings "hope" but saying and doing are two different things.

That being said, it's not his fault he was chosen. Look at it this way, is it the athlete's fault if an owner gives him a contract he doesn't deserve? In some cases we actually wish an athlete steps forward and says he doesn't deserve but really, how realistic is this?

There are many things to take away from this so let's just do it in point form.

-The irony of the of the peace prize is that Nobel, first name Alfred, discovered dynamite of all things.

-Obama now joins those bastion of peace Al Gore and Yasser Arafat. In fact, the day those Norwegian douchetards handed the prize to Yasser was the day I ceased taking them seriously.

-Wasn't the deadline in February? Which according to my math, would indicate he had been on the job, what, two weeks or so?

-Here's a list of the people they overlooked. Now try and tell me he deserves it more than those people. Try.

-Intention trumps actual accomplishment now.

-Couldn't they have waited to see if he can turn rhetoric into action?

-This only magnifies the scrutiny that will be placed on him regarding basket-case nations like Iran and North Korea. Obama has painted himself into a corner foreign policy wise. If, let's say, only a military option remains with Iran? What then, brown cow?

-Yet, while he's in Oslo, the generals in Afghanistan are still waiting for him to decide on what to do regarding their requests.

-It should be given out on Oscar night from now on.

-I told you the Norwegians are evil! Bomb them!

-Relax, leftist elites enslaved by PC. I didn't mean it. I like Norway. In an indifferent and platonic kind of way.

-The Prez should have brought James Taylor with him that way they could have all kicked off their shoes, taken off their socks and sing together while roasting marshmallow.

-This just in! Norway votes Obama as their new leader!

-This just in! Obama's restaurant gets perfect Michelin rating! Even though he doesn't own a restaurant!

-When will he won the Nobel prize for literature for a book he never wrote?

-From the Nobel site:

On 27 November 1895, Alfred Nobel signed his last will and testament, giving the largest share of his fortune to a series of prizes, the Nobel Prizes. As described in Nobel's will, one part was dedicated to "the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses".

Yes. We've come such a long way.

-The Nobelians explain, "For his extraordinary efforts to strengthen international diplomacy and cooperation between peoples"

Extraordinary? Extraordinary?

-'American Idol' has decided to cancel next season and just give the title to....wait...President Obama!!!

-Of course, this was a vote against Bush. The irony, another one, is that Obama and Bush are really not that different.

-It's ridiculous to conclude he deserved it because he "represents a reversal of the Bush/Cheney" doctrine. He still has to concretely make his own ideas work.

-Last, dare I say, and this is just my opinion, the President should turn this down. Alas, this just in: He donates the winnings to charity. I think this was the right thing to do. This suggests he realizes the situation.

Ok. Enough of this. I don't mean to belittle this but I think anyone with a moderate grasp on things (of any ideological stripe) can agree this is premature.

I hope when the date comes, the futures contract will prove profitable. He's got three years to make it all good.

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