Thursday, January 31, 2008

World's Most Recession-Proof Economy? Superbowl

ESPN: "In these dark economic times, there is still one beacon of light: Super Bowl XLII. America's corporations and citizens might be paring expenses and bracing for hard times in every other respect; but in metro Phoenix this week, the mantra is: Recession? What recession?

The bull market for Super Bowl tickets is the inverse of Wall Street's bearish one. The average price of tickets sold on StubHub is currently $4,227, a hefty premium from their face values of $700 and $900. Rooms at Scottsdale's 5-star resorts are going for $3,000 a night (four-night minimum)."

(HT: Welcome Back Friedman)

6 Comments:

At 1/31/2008 10:47 PM, Anonymous Anonymous said...

The super bowl is just more bread and circus and a chance to fleece the masses.

 
At 2/01/2008 8:39 AM, Anonymous Machiavelli999 said...

I agree comrade!

Honestly, mark how do you attract all these socialists??

 
At 2/01/2008 8:42 AM, Anonymous Anonymous said...

Weeee-eee-eee !


Exxon earnings soar on record oil prices
Friday February 1, 8:29 am ET

NEW YORK (Reuters) - Exxon Mobil Corp (NYSE:XOM - News) said on Friday record oil prices boosted its fourth-quarter earnings to $11.66 billion, the highest ever operating profit by a U.S. company.

 
At 2/01/2008 11:55 AM, Anonymous sarlevin@umflint.edu said...

Maybe I shouldn't have given up my Tiger tickets for this year, sports fans will apparently pay anything to see a game...12k for a hotel room, and that doesn't even include the overinflated price of admission? That's insane to me.

 
At 2/01/2008 3:16 PM, Anonymous Anonymous said...

Last I checked, the NFL is a private enterprise.

"bread and circus" is a more apt description of the so-called economic stimulus package wending its way through congress.

Social Security and Medicare are fleecing the masses.

 
At 2/01/2008 11:36 PM, Anonymous Anonymous said...

Ah, football, the national pacifier.

 

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