Whenever I see a future that grades 6-18 months into the future it shocks me when the book’s edge is calculated at still 10%+.
For example right now, I could get $102.50 back in a year off $100 savings.
Bonds $104-$107. A dollar now is worth more than a dollar next year.
That interest, time value of money, should make the books want to hold peoples’ monies longer and thus offer better future odds. I would expect instead of 10% edge maybe 5%. IDK.
I’m a finance guy so I get a bit triggered when I calculate a future edge for example, next years Super Bowl winner and its like 10%.
@books, Y’all make enough, give us some interest back on your house edge.