The New York Knick's winning the finals will trigger the collapse of the global economy.
$SPY
AI SUMMARY — Post argues the New York Knicks winning the NBA Finals would trigger a global economic collapse similar to 1973, citing historical precedent of an oil crisis coinciding with their last championship. Predicts 4% GDP drop, 9% inflation, and SPY dropping to 600 by June, though the thesis appears satirical rather than fundamentally analytical.
| TICKER | SPY |
USER | u/Toothlesskinch |
| RATING |
BEARISH |
ENTRY |
$731.84
|
| POSITION |
13 sh
SYN
|
BOOK VAL |
$9513.98 |
| CURRENT |
$763.04 |
P&L % |
+4.26%
|
| CURR VAL |
$9919.52 |
P&L $ |
+405.54
|
When was the last time the Knicks took it all? 1973. What else happened in 1973? The first major US Oil crisis, GDP collapse and unchecked inflation. A correction so massive that it took the US close to a decade to fully resolve.
It's all lining up the same way it did then. If the Knicks win it all assume a 4% GDP drop and 9% inflation. Worse, globalization will allow this collapse to spread across the world. SPY 600 by June.
I'm never wrong.
Go Knicks!