Don’t root for the Phillies

Once again, we need not worry about a recession.

Throw away of your inverted yield curves based analysis and everything else.

The Major League Baseball season has concluded.

During the playoffs, the Philadelphia Phillies baseball Club was (personally sadly) eliminated.

When the Phillies won the World Series in 1980, the following year a recession in the United States of America was officially announced by the National Bureau of Economic Research (NBER).

Then when the Phillies, again, won the World Series in 2008, the NBER declared an official recession the following year.

As a result of the Phillies not winning the World Series, we won’t see a recession in the U.S. in 2024.

It’s that simple.

November 8, 2023

by Rob Zdravevski

rob@karriasset.com.au