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The US Economy will go into Recession during 2009 (All Stocks | | )
This stock has been paid out and is no longer active. It was paid out on 12/17/08.
Stock Description | Rules
The US Economy will go into Recession during 2009
This contract will payout at 100 if the United States economy goes into recession during 2008.
The contract will payout at 0 if the United States economy DOES NOT go into recession during 2008.
For expiry purposes, a recession is defined as two successive quarters of negative real GDP growth.
Expiry will be based solely on the data reported by the U.S. Department of Commerce (Bureau of Economic Analysis, Table 1.1.1, "Percent Change From Preceding Period in Real Gross Domestic Product") as reported by the BEA.
If the table as reported at that time indicates that any two consecutive quarters between (and including) Q4 of the previous year and Q4 of the year specified in the contract are negative, then the contract will expire at 100. Otherwise, the contract will expire at 0. For example, if Q4 of 2007 and Q1 of 2008 both experience negative growth then the contract for 2008 will expire at 100.
The final figures will be used for expiry - not the advance or preliminary numb..
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