Papabile
Posted by: Dale Franks
on Tuesday, April 12, 2005
The New York Daily News has an interactive flash presentation to help handicap the selection of the next pope, as well as an in-depth profile of Dionigi Cardinal Tettamanzi, Archbishop of Milan, who is currently considered to be the front-runner for the papacy.
Meanwhile at Tradesports, the futures market contract prices look like this:
Tettamanzi: 19.1 Arinze: 14.0 Rodriguez-Maradiaga: 11.0 Ratzinger: 8.0 Hummes: 7.1
Interestingly, though, the contract price for the next pope being an Italian is 41.9.
So, I guess, in the next few weeks we'll learn if the futures markets can correctly predict the movements of the Holy Spirit.
UPDATE [Jon Henke]— New York Times Columnist (and libertarian) John Tierney breaks onto the op-ed pages with a column on the topic:
 ...if you watched the Intrade market throughout the campaign, you saw the traders serenely betting on a Bush victory. Most remarkably, the weekend before the election, the traders correctly called the winner in every one of the 50 states.
Of course, it's much easier to call Ohio than a conclave of cardinals who have never been polled and would be excommunicated for joining an MSNBC focus group. [...] So I'm praying, for purely selfish reasons, that Intrade gets this election wrong. When I consider those thousands of traders working around the clock, without salaries or health benefits, I hate to think I'm starting a column just as the job is being outsourced.
|