LOL. I was just looking at all of the new products at some of the major exchanges. It seems like the only thing left to commoditize is time. It would be an interesting concept. Who thought you would be able to trade snow futures or rain futures.
Quote from Thunderdog:
You're bored, aren't you?
The example you gave would just complicate life, would it not? If the building company did not complete on time, how much "commoditized" time should be given to the client? And when would this time be made available? And how does that help the client who needs his factory/office/store NOW? I doubt that the receiving end of the equation will accept a deferred payment which would smell a bit like passing the buck. Further, how would you go about establishing a "commoditized" time contract? Lawyers tend to charge more than plumbers, and there are even variations within a given field, reflecting experience and ability.
You're bored, aren't you?
