The major news outlets, including the Drudge Report, have yet to report the identity of Senator McCain’s vice presidential running mate but within the past hour Intrade.com has seen a spike in the futures of Minnesota Governor Tim Pawlenty and a parallel drop in those of Massachusetts Governor Mitt Romney.
This is one of the most useful demonstration of the power of information and the futures market that I have seen in a very long time. While I like Pawlenty and think it's an excellent choice, I am a bit disturbed about what Intrade.com is also telling us about the likely winner of the election in November.
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