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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   
  • 0 like this / 0 don't   •   Posted 11:39 AM, 11/03/2009
    If there's one thing I've gotten used to as a Philadelphian it's being painted as a harbinger of doom
    — dreinterests
  • 0 like this / 0 don't   •   Posted 11:39 AM, 11/03/2009
    Correlation not Causation. You would think the WSJ would add that to the story not suggest it is going to happen.
    — Dtownfan
  • 0 like this / 0 don't   •   Posted 1:07 PM, 11/03/2009
    Who cares what the N.Y. based WSJ thinks anyway? GO PHILLIES, YANKEE FANS ,FORGET YOU!!!!!!!!!!!!!!!!
    — Dadair1
  • 0 like this / 0 don't   •   Posted 1:19 PM, 11/03/2009
    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.
    — pencilchair
  • 0 like this / 0 don't   •   Posted 2:08 PM, 11/03/2009
    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.
    — prettyj


5 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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