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Friday, October 30, 2009

Another reason Wall Street roots for the Yankees

A back-to-back Philadelphia World Series championship would be "the worst omen for the economy if history repeats itself," says Bloomberg News here, citing West Chester-based Moody's Economy.com analyst Ryan Sweet and recalling the old Philadelphia A's 1929 and 1930 performance that ushered in the Great Depression.

 
Posted by Joseph N. DiStefano @ 12:17 PM  Permalink | 2 comments
Comments   
  • 0 like this / 0 don't   •   Posted 6:43 PM, 10/30/2009
    This is the fallacy After This, Therefore Because of This. What effect does the performance of any given sports club have on the macro-economy?
    — rdistefano
  • 0 like this / 0 don't   •   Posted 9:19 AM, 11/02/2009
    Yeah, that's right. The As caused The Crash.
    — HIG


2 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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