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August 25, 2008
Do the Olympics Matter to Markets?
In an article dismissing current weakness in Euro markets comes this candidate for dumb-ass throwaway economic comment of the year:
...the eurozone’s strengths are too often hidden. Here is the clincher: eurozone countries together won more medals at the Beijing Olympics than either China or the U.S.
I'm going to call bullshit on this supposed economics indicator.
[via FT]
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