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:
The super bowl is just more bread and circus and a chance to fleece the masses.
I agree comrade!
Honestly, mark how do you attract all these socialists??
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.
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.
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.
Ah, football, the national pacifier.
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