I don't have a link for this yet, but it was announced on CNBC this morning. Despite the fears that the Yankees would jack up postseason ticket prices, they've apparently done the opposite. At least some tickets will actually be cheaper for the playoffs than during the regular season. A reflection of the economy, no doubt.
CNBC is downright giddy these days. They're sure we've avoided the "Greater Depression" scenario, that the rebound in stocks portends a broader economic rebound, that this Christmas will be much better for retailers than last.
I'm not so sure. The fundamental problems have not been fixed; they've just been swept under the rug. I still think it's going to get a lot worse before it gets better. This will likely become evident before spring training, if not before Christmas.
Labels: The Greater Depression
