If the Philadelphia Phillies Win the World Series, Prepare for an Economic Crisis

Submitted by soulcedric t3_yf3lxm in philadelphia

https://www.wsj.com/articles/philadelphia-phillies-world-series-houston-astros-financial-crisis-recession-11666879792?mod=hp_featst_pos5

The Philadelphia Phillies are in the World Series. Hold on to your wallets.

When Philadelphia baseball teams do well, in a pattern that has held for a century, financial markets tend to strike out. It started with the old Philadelphia Athletics (before they left town). Their 1929 championship preceded the stock crash and Great Depression. In 1980, the Phillies won their first World Series, and a recession raged right through 1983, when the team again got to the final round and lost. The Phils won the World Series a second time in 2008, and boom: a home-run financial crisis.

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rossdowdell t1_iu1i7qj wrote

The 723rd time someone posted this bullshit stat.

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Inner-Figure5047 t1_iu1jdce wrote

Haaa, please explain to me: How does one who routinely fails to even make it paycheck to paycheck now that food and other expenses have climbed quickly "Prepare for an Economic Crisis"....?

Like am I to buy a large bag of rice? Befriend some crows to bring me berries and pocket change? Start collecting cardboard for shelter?

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floridorito t1_iu1l5sc wrote

It's embarrassing that the WSJ (an allegedly serious financial publication) is writing articles about how a sport ball outcome has a causal relationship to complex, global financial events.

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throwawaitnine t1_iu1qk7d wrote

Replying to Inner-Figure5047 (#269,182)

I mean, most people, like 99% of people, do not make a budget. So if you do then you are exceptional. If you aren't getting a living wage then you need to rethink your career path. Not trying to be harsh, but there really are no excuses.

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40ofMickeys t1_iu20gu3 wrote

You have this backwards. The Phillies do well during recessions. We’re at an all time low. This isn’t the Phillies fault. Our country is shit and that’s when the Phillies do the best. This should be respect. Philadelphia strives when our country is at its lowest

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danmyoo t1_iu24hze wrote

You're a little late on sharing this. This has been said so many times already. It's already clear we're in a financial spiral right now. The whole world is in turmoil.

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throwawaitnine t1_iu27q04 wrote

Replying to [deleted] (#271,970)

Dude I couldn't care less about your opinion of me. It's really the simplest shit in the world, live below your means and save your extra money and before you know it you'll be financially secure. If you'd rather spend all your money and be broke and complain about oligarchs, you do you bro, I could not care less.

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