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Tuesday, November 3, 2009
Yankee propaganda: How a NY series win would help U.S.

"If the Yankees win the World Series the economy will have a nice bounce back in 2010 but if the Phillies prevail it will be a long slog to recovery, according to a Real Time Economics analysis of gross domestic product following Yankees and Phillies World Series victories," writes the Wall Street Journal here.

"Since 1930, the Yankees — who would clinch their 27th World Series trophy with a win tonight — have been a harbinger of an average of 5% GDP growth in years following a series victory, healthy by any measure. In years in which the Yankees didn’t win the World Series U.S. output expanded at an unspectacular 2.9%..."

Posted by Joseph N. DiStefano @ 10:41 AM  Permalink | 5 comments
Comments   
Posted 11:39 AM, 11/03/2009
dreinterests
If there's one thing I've gotten used to as a Philadelphian it's being painted as a harbinger of doom
Posted 11:39 AM, 11/03/2009
Dtownfan
Correlation not Causation. You would think the WSJ would add that to the story not suggest it is going to happen.
Posted 01:07 PM, 11/03/2009
Dadair1
Who cares what the N.Y. based WSJ thinks anyway? GO PHILLIES, YANKEE FANS ,FORGET YOU!!!!!!!!!!!!!!!!
Posted 01:19 PM, 11/03/2009
pencilchair
The original WSJ article makes it clear that their headline was basically a joke ... to rephrase it as a serious article is just grasping for sensational headlines. Especially calling it "Yankee propaganda" when they had nothing to do with the article. Find a real story to write about.
Posted 02:08 PM, 11/03/2009
prettyj
To follow the WSJ's correlation and apply current economic trends,the 2.9% expansion is much more likely than a 5% expansion. That predicts a Phillies win for the world series. The economy sucks and the Phils don't.
5 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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