This is a really fascinating article about thefts, sales, and exchanges of the Tide detergent, but it seems like it's evolving into some sort of primitive street money.

Here's a related parallel: A thriving black market appeared, with Kent cigarettes becoming Romania's second currency (it was illegal and punished with up to ten years imprisonment to own or trade any foreign currency), used to purchase everything, from food to clothes or medicine.

George Parkanyi writes: 

Well … I have a fair amount of gold right now. Should I diversify into detergent then? Are you guys long the regular, or the new-and-improved?

And how do you pitch it to clients? "Has a low beta, AND fights stains!"

Or report the closing markets … "May concentrated cold-water was down 3 cents today in active trade … Elliot-Wave theorists say this is the second leg of a major rinse cycle."





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1 Comment so far

  1. pacific SW on March 16, 2012 10:39 pm

    the wikipedia article on romania is an exaggeration. I grew up there and remember getting school medical leaves for a pack of marlboro. Yes, you needed a carton of kent (any other western cig brand would do really) to bribe a doctor or a policeman, or to get a dorm room, but that’s not really a market. rumour has it there’s minor bribery even in the land of the free. (cough)


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