INTRADE WORLD CRISIS INDEX

Intrade has constructed the Intrade World Crisis Index.

Our admittedly unsophisticated sentiment index priced initially at 50.0 on January 27th 2009 at the official opening of the 2009 Davos World Economic Forum is comprised of eight equally weighted markets that measure the likelihood of recessions, depressions, increased unemployment, lower stock markets, and greater international tensions.

A higher index means our markets predict a more disastrous 2009 than before. A lower post-meeting index means our markets predict the probability that 2009 will be a disaster will be lower than previously thought.

The 8 "World Crisis" Markets

Level

Germany Recession in 09

92.0

Japan Recession in 09

88.5

US -10% Depression in 09

11.2

Russian Debt Default in 09

10.0

China Growth Below 7.5% Q4 08

100.0

Unemployment in the US above 9% Q4 09

87.0

New Dow low in 09 from Nov 08 low

100.0

Airstrike against Iran by US and/or Israel by end 09

12.4

Total (divided by 8.648 to get 50.0)

501.1

Index Value: Monday 27th July 2009

57.9