alt Hacker NewsFor those who don’t know:
https://en.wikipedia.org/wiki/Onion_Futures_Act
(which also banned box office receipt futures)
A fun thing is to go on FRED and make a graph with prices from onions and, say, corn to see the differences in volatility.
Replies
samaltman2 • yesterday at 1:09 PM
Interesting. This would be more sensible if it was time-bound. Since the intention was clearly "stop a bad thing someone is doing right now" and not "make this field illegal forever"
mauvehaus • yesterday at 12:35 PM
This has to have been the inspiration for Milo Minderbinder cornering the cotton market in Catch-22, right?
echelon • yesterday at 5:26 PM
The box office receipts ban is hilarious.
I suppose that prevents Kalshi gambling on box office duds?
I looked up onions, lettuce and tomatoes (because burgers), and the volatility actually looks very similar. Am I missing something or looking at the wrong things?
Tomato: https://fred.stlouisfed.org/series/WPU01130217 Onion: https://fred.stlouisfed.org/series/WPU01130216 Lettuce: https://fred.stlouisfed.org/series/WPU01130215