Do the Olympics Matter to Markets?

By Paul Kedrosky · Monday, August 25, 2008 ·

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]