Wednesday January 30 2013
IBM partners with Waterfund to create a new global water index. This wil reflect the actual cost of producing water. Now wter is priced under its cost.
We are studying derivatives in class. Here is another creative used of a derivative. No doubt this will lead to a water futures contract as well as a water ETF. And if IBM is involved you know this is a serious matter.
This is the perfect examplle of why we are studying derivatives, expect more creative uses of these instruments in the future.