INTRADE On Chances For A Government Shutdown

FRIDAY UPDATE: WHY SHUTDOWN NOT A BAD THING

RUBEN NAVARRETT: AMERICANS FEAR MUCH MORE THAN A SHUTDOWN

IF YOU WANT TO BYPASS talking heads and headlines with endless predictions as to the chances of a government shutdown then go where people are actually putting their money where their mouths are: INTRADE. Of course the situation is fluid and can change on a dime. Still, these betting markets---with thousands of people participating---often cut to the chase and can be quite accurate. At the moment, INTRADE gives a 68% chance the federal government will shut down by June 30, with the bid price for that happening rising a whopping 70 cents today. The odds are high, but clearly it's not a done deal. Will be fun seeing how markets in this current fiscal event work out. One thing's for sure, we won't have to wait much longer to see the accuracy and most certainly not until the end of June.