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The Financial Golden Age of Sports 1996 – 2008
December 9th, 2008
We are coming to an end of the greatest financial age of sports in history. The twelve years between 1996 and 2008 were years when the money around sports exploded beyond any precedent era. This also means that, going forward, the economics around sports in general will decline, at least for the next 5-8 years if not longer.
The bookends for these 12 years of explosive financial growth are the Atlanta Olympics in 1996 and the Beijing Olympics of 2008. The Atlanta Olympics were the first post-cold war Olympics and, being held in the U.S. created a huge marketing platform. The …
A Shift In Consciousness Has Occurred
October 30th, 2008
A global shift in consciousness has occurred during October. Trust and confidence have given way to fear and uncertainty. Plans and expectations have been completely altered or dashed altogether. Governments, entire industries, equity markets and the majority of the adult populations in the developed countries of the world are staring into a financial abyss that has no correlation to anything any of them have experienced (unless they are 80 years or older).
Governments separately, and then in consort struggle to stay ahead of a financial catastrophe they can’t quite fathom. Hundreds of millions of people feel as thought they have been …
The Collapse of the Third Economic Wave
October 15th, 2008
A column here two weeks ago placed the financial crisis within a historical context. The financial meltdown is part of the disruptive transition from the Information Age to the Shift Age. We are moving through a period of turmoil when the old order is being replaced by a new order. The nation state economic model is being replaced by a new global model. We are at a time when the old ways no longer seem to work and yet the new realignments are not yet clear.
In the United States there have been three great waves that …