Thursday, October 30, 2008

Phillies win!! Economy doomed?

Woo-hoooo!!!

The Philadelphia Phillies, the hometown team of your friendly neighborhood blogger, are World Series champions for the first time since 1980! There were loud celebrations in the streets of Philadelphia last night, but few overturned cars and no mass arrests.

Gosh, Adam, what could this mean for the U.S. economic outlook? Funny you should ask!

Two smart-aleck economists at Economy.com put together a sobering analysis called A World Series of Irrational Exuberance, concluding: “The data strongly suggest that a Philadelphia Phillies victory in the current World Series spells bad news for the economic cycle.” Check out this chart from their article:

Oh well. The parade is tomorrow afternoon right outside my office. Stop by if you are in the neighborhood.

2 comments:

  1. I hope this is not accurate! And what's up with the Philly fans booing Bud Selig? No shame.

    ReplyDelete
  2. Eric Bruntlett (Phillies infielder and all-purpose player) attended my wedding with his parents when he was a 7 month old infant. We've followed his career ever since and are delighted that he gets his first World Series ring with the Phillies. The economy? Does it really matter compared to moments that transcend all this 'sturm und drang'?

    ReplyDelete

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