From a guy who knows everything

My cousin Ed Fountain not only knew, way before I learned it, the meaning of “contango”, but just called to inform me that “Kontanta” means “cash” in Esperanto. Is it possible that those Somali pirates were confused or are they really natural-born commodities traders?

 

Update: even Public Radio’s on to the contango thing. Reminds me, in a way, of the late 1970s when people discovered they could play arbitrager with the dollar against the Swiss franc. But by the time ordinary Americans caught on and started playing the game using American Express Travelers Checks in franc denominations, the music had just about stopped and that was that. Come spring, when all these supertankers filled with crude start showing up in our ports, someone will probably discover that they own Swiss cheese, not Swiss currency.

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One response to “From a guy who knows everything

  1. pulled up in OG

    “The premium or interest paid by the buyer to the seller, to be allowed to defer paying for the stock purchased until the next fortnightly settlement day.”

    In Chickahominy it’s called the vig.