World’s Most Recession-Proof Economy? Superbowl
Submitted by CARPE DIEM
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)
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