Lombardi: Expert Stock Market Commentary & Forecasts, Financial & Economic Analysis Since 1986
Stock Market Commentary & Forecasts, Financial & Economic Analysis

Welcome to Profit Confidential • Wednesday, May 23, 2012

What Soccer Has to Do With It!

Wednesday, July 12th, 2006
By Inya Ivkovic, MA for Profit Confidential

The last thing I ever thought I’d be writing about in my Profit Confidential column was soccer. Now, be nice, no booing! Firstly, I dislike watching sports on television. And secondly, what does soccer have to do with it [the economy]?

As it turned out, Italy’s win in the World Cup final did not only create fan riots on the streets of Toronto; it may quite possibly give Italy the necessary boost to shift the country’s economy to the next gear.

Apparently, the Italian government may not have to trim its budget. Winning the World Cup could bring more shoppers and their wallets to the table and help boost the country’s GDP. Go figure: Soccer may have something to do with it after all!

Some officials are even saying that Italy’s 5-3 shootout win over France could bump up the country’s GDP by as much as half a percent. The secret is in the morale boost, which somehow spilled over into the Italian stock market. Now, I won’t pretend I know much about soccer, but I know enough to say that in Europe tempering with anything, let alone with soccer, is a big no-no. And, after the Juventus scandal, winning fair and square the World Cup, of all things, it is no wonder the country is elated and in a major spending mood.

In Italy, big soccer teams are publicly traded stocks. After the Juventus scandal, which is also the public entity controlled by the Agnelli family of the Fiat empire, has gone from a league champion and everyone’s favorite team to a team demoted from the major league.

Plus, on the Milan stock exchange, Juventus was halted more than space shuttle missions, all in attempt to stop it from being flushed down with the rest of the smelly stuff. But, after Italy won the World Cup on Sunday, Juventus’ stock went up almost six percent on Monday.

Typically, countries’ economies with the World Cup winning teams usually slow down during their first years as reigning champions. So, perhaps Italy is jumping the gun here. On the other hand, a billion and a half of viewers worldwide saw Italy’s win. That should be enough for the country to rake in something more than one huge street party and a nasty hangover!

Next Post:
Previous Post:

Tags: ,










Sign Up for PROFIT CONFIDENTIAL and
receive a FREE copy of our exclusive report:
"A GOLDEN OPPORTUNITY FOR STOCK MARKET INVESTORS"

Enter e-mail:

We respect your privacy and
will never share your e-mail address.



Profit Confidential Author

Daily Profits


Enter your e-mail address to subscribe to
Profit Confidential — IT'S FREE!
Enter e-mail:
ALSO RECEIVE A FREE COPY of our exclusive report:
"A Golden Opportunity for Stock Market Investors"

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

 

Corporate
About Us
Privacy
Disclaimer
Contact Us
White List
Sitemap

Profit Confidential
Predictions
Gurus
Archives
FREE Sign-Up
RSS
Twitter
Facebook

Editors
Michael Lombardi
George Leong
Mitchell Clark
Tony Jasansky
Robert Appel
Wendy Potter
Sasha Cekerevac

Topics
Gold Stocks
Stock Market
Bear Market
Bull Market
US Dollar
Euro
Interest Rates

Expertise
U.S.Deficit
Real Estate Market
Debt Crisis
Chinese Economy
Economic Analysis

Guidance
Investment Guidance
Retirement Plan
Chinese Stocks
The Best Stocks
Gold Stock Picking
Real Estate Investment

Resources
Gold
Precious Metals
Real Estate News
Gold Investments
Investing in Real Estate


Profit Confidential Disclaimer