Today (which is June 25th) it was announced that on November 20th, a record will be released chronicling a live event which has not occurred yet.
Also: that they are scheduling a “Best Of” is a nicely optimistic touch.
June 25, 2015 at 7:30 pm
I not sure that I have $190 worth of optimism about this.
June 25, 2015 at 7:36 pm
If you are interested in Futures markets, where commodities (like wheat) are sold in advance by those who plan to produce them (eg farmers), this is fascinating indeed. Both buyer and seller take a risk in a futures trade, with respect both to value and failure to deliver.
If you are interested in a neo-Marxist analysis of Grateful Dead history, which i certainly am, it is intriguing to consider which shows might have exceeded or failed the delivery price assigned to them in the future. The January/February 1978 West/Midwest tour was one of the great Dead tours of all time, but an advance box set would have excited nobody, leading to a limited edition of about 20 copies. An advanced box set of Egypt some months later would have outsold Fare Thee Well, and we know how that turned out.
June 25, 2015 at 8:14 pm
Other commodities include oranges, which are used to make orange juice; and pork bellies, which are used to make bacon, which you might find in a bacon, lettice, and tomato sandwich.
June 26, 2015 at 9:40 am
Mortimer has assured me that Beeks will have the crop report to us before the opening bell.
June 25, 2015 at 8:17 pm
Hmm, nice idea. A market in Core Four release futures. I think I’d be shorting this one.
In late 1977 I would have been excited about a Jan / Feb ’78 advance box set but I would not have been able to afford it, having just spent my entire life savings on a Marantz tape deck.
I employ the unforgiving but well-meaning Dionysian Anarchist lens for analysis of Grateful Dead history.
June 25, 2015 at 8:18 pm
Don’t forget that a jam played in, say, Selland Arena is worth less than a jam played in MSG; there are arbitrage possibilities here, ladies and gentlemen.
June 25, 2015 at 8:26 pm
Would we be allowed to use the Time Sheath to transport wealth to the past to enable investments that we would not have been able to otherwise afford? And, on the return trip, transport substances from the past, both to enable future enjoyment and to ensure the cosmic balance is maintained? All while rigorously blindfolded, of course, to ensure there is no compromising the integrity of the market.
June 25, 2015 at 8:31 pm
transporting wealth backwards while taking delivery of commodities back to the present–now we’re talking a serious Futures market.
What’s the margin call on present wealth transported into the past? Current price retroactively adjusted for inflation? You would have more margin than your cost. I have to think about this intriguing concept.
June 25, 2015 at 8:33 pm
You’d have to compound the interest going backwards through time: you would need some sort of financial version of Feynman diagrams.
June 25, 2015 at 8:42 pm
The solution might be to transport commodities from the present back to the past, as the Goldman Sachs Law of Reverse Compound Interest would not apply. Imagine what I could get for an ounce of Bubblegum with a neatly timed market intervention in a 1976 drought! Probably $100!
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