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Economic Countdown To The Olympics 2: Predicting Olympic Medals

Tyler Durden's picture




 

In the second part of our five-part series on The Olympics (Part 1 here) we ponder the impossible to predict - the medal count. As Goldman notes: Economists like to think that the toolkit of their profession helps them explain many things or, as some would claim, everything that is interesting about human behavior. In the context of the forthcoming Olympic Games in London, therefore, the key question is whether economic variables can help explain and predict success at the Olympics itself. At one level, this seems like a daft question even to consider. It is hard to imagine that economic variables could even begin to capture the kind of individual skill, mental determination and hunger that drive athletes to perform feats of unimaginable virtuosity that is the stuff of Olympic legends. But at the level of a country, it may be possible to identify the ingredients that unlock success at the Games. As British Paralympian Tim Hollingsworth explains: "...when you create a world class environment you are far more likely to create world class athletes." What is a 'world class environment' and how do we measure it across countries? Luckily, we have an answer in the GS Growth Environment Scores (GES), a broad measure of growth conditions across countries - and, indeed, this is what we find: gold does go where the growth environment is superior. The forecast leaves USA, China, and Great Britain battling it out for 'Most Golds' and USA leading China overall - but remember "the most important thing in the Olympic Games is not winning but taking part."


Jose Ursua and Kamakshya Trivedi, Goldman Sachs:

Gold Goes Where Growth Environment Is Best—Using Our GES to Predict Olympic Medals

Let’s Predict Olympic Success in London 2012

One of the ‘fun’ parts of building econometric models is that if they are reasonably good at explaining the past, they can then be used to forecast the future. In this case, we want to predict the eventual country medals tallies at London 2012.

Not all sports are created equal, and the relationship between Olympic success and the economic variables we have discussed may differ across sports for a number of reasons. It is more expensive to participate in some sports, such as Sailing or Equestrianism, and this may limit participation from low-income countries, but success may also vary on account of different traditions, culture and the demographic characteristics of the population or the geographic features of each country.

The baseline model that we use to do this is a panel regression featuring as explanatory variables our headline GES, a host dummy, population and lagged medal attainment. As a starting point, note that the model does fairly well at explaining medal outcomes from previous Olympics, or that it works well in what economists call ‘in sample’.

 

Chart 2 above shows the ‘in sample’ results, where we compare what the model would have predicted in the past four Olympic Games (which is as far back as our GES extend) versus what actually happened in terms of medal attainment. The 45° degree line represents a perfect forecast, and the fact that our scatter shows a high concentration of points around that line makes us quite confident that our model can satisfactorily predict Olympic success.

We are now finally ready to unveil our predictions for London 2012. Table 3 (below) shows our forecasts for medals in London 2012—gold on the left-hand side, and total number of medals on the right-hand side. In each case, we also show each country’s medal attainment in Beijing 2008, and the difference between the 2012 forecasts and the latter (a positive number means we expect the country to win more medals in 2012 than were attained in 2008).

Our forecasts reflect two very clear patterns revealed in our analysis. First, countries with superior growth environments and higher incomes are expected to win more medals, and, second, there is also a marked host effect that will likely bump up the number of medals attained by Great Britain (11 more gold medals, and 18 more overall). The US is expected to lead the group, with something close to 36 gold medals and 110 overall. Our estimates also predict that the top 10 ranks will include five G7 countries (the US, Great Britain, France, Germany and Italy), two BRICs (China and Russia), one N11 country (South Korea), and one additional developed and emerging market (Australia and Ukraine, respectively). Based on our analysis, these 10 countries will likely capture more than half of all medals attained during the Games. The rest of the countries in the list are a diverse mix from various parts of the world, broadly led by Europeans and including Asian, Latin American and African nations.

So, ultimately, it appears that gold does go where growth and the overall growth environment are best. For the next few weeks, our forecasts will be competing against other predictions for validation in the real world. Like many people around the world—economists and noneconomists alike—we will be eagerly following the medal outcomes of the long-awaited London 2012 Olympics. As Coubertin himself said, “the most important thing in the Olympic Games is not winning but taking part.” We believe the same applies to our forecasts, and although we would be delighted to see them hit their targets perfectly, we will have succeeded as long as they have provided some food for thought. The die is cast—enjoy the Games!

 

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Fri, 07/13/2012 - 22:41 | 2615096 Clueless Economist
Clueless Economist's picture

Basketball Prediction:

GOLD --- Lithuania

SILVER --- USA

BRONZE --- Spain

4TH PLACE --- Brazil

Fri, 07/13/2012 - 22:45 | 2615107 Clueless Economist
Clueless Economist's picture

Analysis: Since 1992, Lithuania has gone Bronze, Bronze, Bronze, Bronze, 4th Place, while the 2012 team does not have the Sabonis/Marchialonis types they are deep and strong.

They will beat the NBA stars with teamwork as they did in 2004.

Fri, 07/13/2012 - 23:17 | 2615136 AssFire
AssFire's picture

I had to junk you because you actually give a shit about the games and especially the NBA.

The bribery in selecting host country, the "judged sports", the hours spent spotlighting someone who competes 60 seconds in an event, and the idiotic nationalism (that does not really exist if you are over 30).

Nope, fuck that shit. I haven't watched Olympic crap since the days of the wide world of sports.  I always loved it when that dude wiped out on the ski jump epitomizing the agony of defeat.

Fri, 07/13/2012 - 23:22 | 2615158 Yen Cross
Yen Cross's picture

 I had to give you a " Plus One" Ass Fire!    I won't even waste my time!

 

    I love CRF450's and Surfing, you just " EPITOMIZED"  it all.   Although  the  KTM is finallly on pipe!

Sat, 07/14/2012 - 00:20 | 2615216 I think I need ...
I think I need to buy a gun's picture

as we all know the olympic venues in greece and china are being used for productive means,,,,,

Sat, 07/14/2012 - 03:55 | 2615325 Western
Western's picture

They created maintenance jobs.

Sat, 07/14/2012 - 13:21 | 2615950 Oh regional Indian
Oh regional Indian's picture

Killuminati Bread And Circuses disguised as a peace, harmony and excellence event.

Nothing typifies this social programming lie more than all the doped "stars" and the entry of professionals.... it was supposed to be exclusively amateur. And then of course the sheer waste.

All so the symbolists can brand a huge, gullible, global population, instantaneously.

This one is going to be one for the history books, for sure. Let us see for what reasons.

ori 

death-by-a-thousand-slogans

Sun, 07/15/2012 - 13:30 | 2617698 Maghreb
Maghreb's picture

As long as the army aren't setting up shop on the Thames permanent like its no different from the usuall crap.....

Sat, 07/14/2012 - 00:25 | 2615224 BKbroiler
BKbroiler's picture

yeah totally, if it's not american sports, who cares?

/sarc off

Sat, 07/14/2012 - 08:34 | 2615441 knukles
knukles's picture

Well I'm Kenyan and I don't care about American sports.  Hey, let's go golfing....

Sat, 07/14/2012 - 10:46 | 2615554 Overfed
Overfed's picture

Spectator sports in general and non-American spectator sports in particular are a waste of time.

Fri, 07/13/2012 - 23:44 | 2615185 i-dog
i-dog's picture

Another +1 from me.

Why is TD allowing the posting of all this fatuous crap this week!?!

"we will be eagerly following the medal outcomes of the long-awaited London 2012 Olympics"

Curious minds want to know....

Fri, 07/13/2012 - 23:55 | 2615192 Yen Cross
Yen Cross's picture

 I sort of like this "Friday Night"  pop off top.   i-doremarksg   i enjoy your  remarks.

Sat, 07/14/2012 - 00:25 | 2615221 Global Hunter
Global Hunter's picture

the thrill of victory and the agony of defeat...ABC's Wide World of Sports aired when I was a boy, even sports were honourable then...at least I like to think they were...

edit:http://www.youtube.com/watch?v=x7eN7RKJgyo

Sat, 07/14/2012 - 10:20 | 2615518 GMadScientist
GMadScientist's picture

Hmmm...Pete Rose? John McEnroe? Fred Biletnikoff's stickum?

No.

Sat, 07/14/2012 - 10:22 | 2615520 GMadScientist
GMadScientist's picture

"I always loved it when that dude wiped out on the ski jump epitomizing the agony of defeat."

I guess everyone needs a role model.

Fri, 07/13/2012 - 23:03 | 2615139 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1,  LOL...

 

Updating my blog piece to include Zombie Cannibals as part of the fun facts about my new home town...

We're Number One!

http://tinyurl.com/7ujbbro

 

Fri, 07/13/2012 - 23:42 | 2615164 AssFire
AssFire's picture

All I know is all that time in Peru should provide a smooth transition to a 3rd world hell hole like Miami.

I now advise you to purchase a handgun: A 45 cal. or 9 mm should do well against those flesh eating zombies.

Also, when you go to fire- always use the triple blast; even if you don't hit them every time it sends the message to others that you intend to kill.

Sat, 07/14/2012 - 00:31 | 2615230 Global Hunter
Global Hunter's picture

creating your own martial art doesn't hurt either, training the mind and body for combat...fighting is hard work.

Sat, 07/14/2012 - 10:17 | 2615515 GMadScientist
GMadScientist's picture

Mostly the mind, but you can see how that's going for him.

Sat, 07/14/2012 - 10:17 | 2615514 GMadScientist
GMadScientist's picture

Had a nice vision of you being lunch for zombies after pissing away all your ammo.

 

Sat, 07/14/2012 - 07:39 | 2615412 FanCap
FanCap's picture

Completely disagree. THey have neither the size nor the athleticism to beat the NBA All Sta-I mean US team.. 

That 04 USA roster is laughable compared to the current version. Stephon Marbury was on it. That's all that needs to be said, really.

Sat, 07/14/2012 - 08:47 | 2615445 spanish inquisition
spanish inquisition's picture

Brilliant! You took a series of BB performances, bundled them together and are selling us a AAA rated team.

Sat, 07/14/2012 - 09:56 | 2615497 EverythingEviL
EverythingEviL's picture

You should just shorten your name to "Clueless"

 

Sat, 07/14/2012 - 03:51 | 2615322 Gringo Viejo
Gringo Viejo's picture

Blythe Masters, Gold Medal, Hop, Skip & Hump.

Sat, 07/14/2012 - 15:54 | 2616264 Monedas
Monedas's picture

Are we talking about the cheap ass Socialist gold plated medals   ....   gold is good enough for Lenin's public urinals  ....  but they can't spare a few ounces for some decent fucking medals !   Socialists are cheap, cheap and more cheap .... and don't ever forget it !

Sun, 07/15/2012 - 17:36 | 2618451 MillionDollarBoner_
MillionDollarBoner_'s picture

Basketcase Prediction:

GOLD --- Greece

SILVER --- Spain

BRONZE --- Italy

4TH PLACE --- France

Fri, 07/13/2012 - 22:42 | 2615098 Youri Carma
Youri Carma's picture

Prophecies of Benjamin Solari Parravicini on 2012 London Olympics (ENG VERSION + BONUS) http://www.youtube.com/watch?v=BNDUgymefqI

THE BENJAMIN SOLARI PARRAVICINI’s PROPHETIC MESSAGE http://www.edicolaweb.net/nonsoloufo/pav_proe.htm

Benjamin Solari Parravicini : ¿Profecia de los juegos olimpicos de Londres 2012? http://libertadparalahumanidad.wordpress.com/2012/02/10/benjamin-solari-parravicini-profecia-de-los-juegos-olimpicos-de-londres-2012/

London Calling Lyrics http://www.sing365.com/music/lyric.nsf/London-Calling-lyrics-The-Clash/94EEBE0A78C8DC9E482568AB00303277

Sat, 07/14/2012 - 00:44 | 2615238 Global Hunter
Global Hunter's picture

he was keyed in to something.

Sat, 07/14/2012 - 09:57 | 2615498 knukles
knukles's picture

Most Definitely

Yuck, yuck, yuck, yuck.
Woo, woo, woo, woo, woo.

Fri, 07/13/2012 - 23:29 | 2615099 Aziz
Aziz's picture

I'm gonna try and explain the Olympics in one graph:

Here's the total cost.

This is the amount of money taken out of the private sector by the government to waste on bread, circuses and corporate handouts. No Keynesian multiplier is enough to compensate the time, money and energy wasted on this embarrassment.

Sat, 07/14/2012 - 00:27 | 2615226 BKbroiler
BKbroiler's picture

you can't put a price tag on everything man, chill.  The olympics are the sunday church attire of the global players.

Sat, 07/14/2012 - 04:04 | 2615331 falak pema
falak pema's picture

the price per gold medal has certainly gone up; for Britain especially, hosting this 9.3 billion £ show.

I think this is the sort of gold price evolution the gold bugs of ZH drool about in their most intense wet dreams.

Dream on, gold bugs; like Count Boris of London. 

Fri, 07/13/2012 - 22:45 | 2615105 MsCreant
MsCreant's picture

The countries that cheat the most and lie the most on their stats will yield the greatest number of champions!

Fri, 07/13/2012 - 22:47 | 2615111 Clueless Economist
Clueless Economist's picture

hmm. I agree Ghana, Democratic Republic of Congo and Swaziland?

Sat, 07/14/2012 - 00:28 | 2615228 TrainWreck1
TrainWreck1's picture

Then BLS will sweep.

 

Sat, 07/14/2012 - 10:24 | 2615522 GMadScientist
GMadScientist's picture

Curling is a winter game.

Fri, 07/13/2012 - 22:47 | 2615113 Pancho Villa
Pancho Villa's picture

Hasn't the Olympic Committee heard? Gold is a "barbaric relic" of no real value. This is the 21st century and it is high time that they replaced gold medals with paper ones. Winners should get "papers" with three zeros, runners up get "papers" with two zeros, third placers get "papers" with one zero, and 4th place get "papers" with no zeros.

Fri, 07/13/2012 - 22:50 | 2615118 HoofHearted
HoofHearted's picture

Oh, but it is tradition...just ask the Bernank.

Fri, 07/13/2012 - 22:48 | 2615115 Yen Cross
Yen Cross's picture

 http://3.bp.blogspot.com/-g0as_j4qaeY/T-QZL-BTkPI/AAAAAAAABgI/_CVRRLSZIf...

  Where in the hell is a good infinity Symbol?

Fri, 07/13/2012 - 23:05 | 2615142 Dasa Slooofoot
Dasa Slooofoot's picture

<---------------- 0 terrorist attacks/false flags

<---------------- 1 or more terrorist attack(s)/false flags

 

 

Sat, 07/14/2012 - 00:24 | 2615220 Haole
Haole's picture

Too much predictive programming and too many various indicators to rule this out at all.

Sat, 07/14/2012 - 09:59 | 2615499 knukles
knukles's picture

Nobody ever predicted that the French would bathe, either.
So there....

Sat, 07/14/2012 - 00:38 | 2615235 palmereldritch
palmereldritch's picture

Yeah...but you never predicted the medal order for FF.

Sat, 07/14/2012 - 01:04 | 2615250 i-dog
i-dog's picture

There is certainly something fishy with the symbology surrounding these Olympics!

First, check out the logo: http://spme.net/library/2012Logo_LondonOlympics.jpg

Then, see what it clearly spells out: http://redicecreations.com/ul_img/18318zionolympics_big.jpg

Then, note that the opening ceremony is on the eve of the Zionists' "Tisha B'Av" (9th day of the month of Av: the alleged day in the Kabbalist Khazarian Kalendar of such events in history as the destruction of Solomon's Temples -- both of them -- as well as some other significant events in history affecting the Jooz). The summer Olympics are starting a few weeks earlier than usual this time around.

I'm not in the least bit superstitious or religious. Unlike ORI, I don't hold much store in coincidental symbology ... but I do take notice of carefully chosen symbols that are in no way simply a coincidence.

Methinks something wicked this way cometh....

Sat, 07/14/2012 - 07:47 | 2615418 my puppy for prez
my puppy for prez's picture

I think it no coincidence that almost every "terrorist attack" in recent years (think 9/11 and 7/7) had an Israeli security firm involved.  G4S has deep Israeli-Mossad ties.

And now the British military has been asked to provide more security personnel due to the failings of G4S to get enough security guards hired and trained.  This development occured curiously after a journalist went undercover and got hired and trained for security, and revealed all sorts of shocking info regarding the "security".

Something is definitely very wrong with this picture.  We will see.....

Fri, 07/13/2012 - 23:04 | 2615143 Bicycle Repairman
Bicycle Repairman's picture

I'm not watching the olympics.  Tired of the political BS. 

Fri, 07/13/2012 - 23:14 | 2615152 White.Star.Line
White.Star.Line's picture

I am going to watch but know better...

Used to run track in Oregon during the 70s - Prefontaine days....

Have to be nostalgic and ignore the corporate-media-whoring-athletics aspect of the games.

Sat, 07/14/2012 - 00:47 | 2615240 Global Hunter
Global Hunter's picture

Steve Prefonataine ran cause he loved it...yep.  Olympics are still a bunch of shite, he was a rock star though like I was today at the basketball court

Sat, 07/14/2012 - 03:39 | 2615315 francis_sawyer
francis_sawyer's picture

messed around & got a triple double...

Sat, 07/14/2012 - 06:08 | 2615373 Mary Wilbur
Mary Wilbur's picture

I'm going to watch the gymnastics, but that's it. Most of the sports are boring, especially now that baseball is gone.

Sat, 07/14/2012 - 10:05 | 2615502 knukles
knukles's picture

Like women's mud wrestling which should be in there.  So should illegal criminal interrogation.  Tattooing of genitalia.  Or drunken political debates turned violent.  Or one for the Middle Easterners where they burn rubber driving in circles or hang on to open doors surfing in flip flops at 60kph.
Needs be more inclusive, you know.

Sat, 07/14/2012 - 10:40 | 2615541 post turtle saver
post turtle saver's picture

Women's Beach Volleyball... one of the highest rated events of any televised Olympic sport in the US. Tickets to the WBV event in Beijing were amongst the most sought after and most expensive. There's a reason Bush II was seen there frequently. NBC knows what we like. Book it, done.

Sun, 07/15/2012 - 17:43 | 2618478 MillionDollarBoner_
MillionDollarBoner_'s picture

Doooood!

This is London, not L.A.

The beach volleyball honeyz will be wearing raincoats, not bikinis...

Fri, 07/13/2012 - 23:13 | 2615150 duo
duo's picture

This will be the first Olympics I won't even bother to watch.  The NBC/Obama Channel coverage will be nothing but pseudo-heartwarming crap.

I wonder if there is a GINI coefficient correlation to medal count

Fri, 07/13/2012 - 23:17 | 2615159 mayhem
mayhem's picture

Germans will take it all... http://www.youtube.com/watch?v=x20v9F-sWHQ

Fri, 07/13/2012 - 23:27 | 2615165 disabledvet
disabledvet's picture

here what the mind martianed up Americans have been practicing:
http://www.youtube.com/watch?v=8ApeH_ynA8Q
"as long as it looks close" everything should be just fine.

Fri, 07/13/2012 - 23:34 | 2615171 icanhasbailout
icanhasbailout's picture

I am long Jamaican bobsledding

Fri, 07/13/2012 - 23:48 | 2615188 Seasmoke
Seasmoke's picture

just remember athletes......if you aint cheating, you aint trying !!!!

Fri, 07/13/2012 - 23:58 | 2615198 Yen Cross
Yen Cross's picture

 Sea Smoke , every one enjoys a good " Cuban" . I'm lighting my " Torpedo" as we speak!

Sat, 07/14/2012 - 00:24 | 2615223 TrainWreck1
TrainWreck1's picture

The Olympics needs to update their sports.

Something like Team bath-salt face eating would be a big draw.

 

 

Sat, 07/14/2012 - 03:48 | 2615320 francis_sawyer
francis_sawyer's picture

I'm trying to imagine what Hope Solo could do with those Hamburger Helper mitts other than stop balls from going into the net...

Sat, 07/14/2012 - 05:25 | 2615362 slackrabbit
slackrabbit's picture

See! Thats the kind of thinking we need!!!!

Give that man a cigar.

Sat, 07/14/2012 - 00:26 | 2615225 Coke and Hookers
Coke and Hookers's picture

This is a worthy economics analysis! Countries with more money do better at expensive stuff.

What the fuck happens to economists at school? Are they lobotomized?

Sat, 07/14/2012 - 00:45 | 2615239 otto skorzeny
otto skorzeny's picture

bob costas is the most pompous little douchebag jerk-off jock-sniffer ever

Sat, 07/14/2012 - 00:53 | 2615243 merizobeach
merizobeach's picture

Why is it that I don't care at all about the Olympics?  And is that somehow wrong-headed?  I'm not anti-sports--baseball is practically my religion.  (I especially enjoyed the SF Giants vs the AL All-Stars recently, heh heh.)  I don't think my indifference comes from baseball being discontinued at the Olympics because I don't think I've ever cared about them.  Might it be that my political cynicism has steamrolled this international event in my mind?  Is it because I believe most national teams carefully administer their athletes' use of steroids, etc?  Maybe I just hate the governments of America and China too much to celebrate their cheating and winning?  Yes, I guess politics taints it for me.

Sat, 07/14/2012 - 02:39 | 2615291 sitenine
sitenine's picture

I'm not much for the games either.  May watch some races if I happen to be in a pub, otherwise, meh.  The political cynicism is here too.  I think the article makes an excellent point though.  The medal count is, to a lot of people, a measure of prosperity; and I think the medal projection list is telling us something important about how perception of power is shifting around in the world right now, since perceptions are changing so rapidly.

[edit] assuming that prosperity leads to power.

Sat, 07/14/2012 - 01:34 | 2615265 tony wilson
tony wilson's picture

has any event ever had such rotten evil filthy shit stinking masonic imagery as this olympics  thing.

at least madonna's super bowl was just out and out baphomet worship

it is the cap stone to base darkness of this thing that is sick.

and let us not forget 10s of thousands of soldiers,missiles and police with security run by a mossad owned and run firm.

israeli companies own the cctv on public transport as well nice.

a sick opening show by the director of 28 days later zombie movie.

everything in place for iran and syria as the new iraq and afghanistan.

the only question is  putins recent trip to israel was it to collect his orders or to lay down the law methinks the first

Sat, 07/14/2012 - 05:00 | 2615349 Sabremesh
Sabremesh's picture

Go and have a lie down.

Sat, 07/14/2012 - 11:01 | 2615608 tony wilson
tony wilson's picture

numb medicated head.

what exactly was the vibes you got from the madonna thing holy or satanic.

check out the symbolism turd it is pretty negative.

i suppose if you are a satanic masonic paedophile it is all a positive message

Sat, 07/14/2012 - 17:28 | 2616389 yabyum
yabyum's picture

It"s tits and ass you moron, we 'mericans are into that stuff.

Sat, 07/14/2012 - 20:48 | 2616584 tony wilson
tony wilson's picture

yabyum

go back to sleep meet head

madonna tits and ass.clearly you are a sicko into leather faced weather beaten whores.

google baphomet and watch the show again if you where turned on by that you clearly are lost

 


Conan O'Brien tonight: "People are saying Madonna's half time show was full of satanic symbolism. And Madonna's response, was '"what can I say, I owe that guy everything.

Sat, 07/14/2012 - 07:38 | 2615411 my puppy for prez
my puppy for prez's picture

My favorites are the cute little ONE-EYED mascots!

Sat, 07/14/2012 - 08:24 | 2615433 i-dog
i-dog's picture

Good grief!!! Why didn't they just go whole-hog and give them pyramid heads!?!

Sat, 07/14/2012 - 13:21 | 2615949 my puppy for prez
my puppy for prez's picture

That would be "too obvious".....LOL!

Sat, 07/14/2012 - 01:34 | 2615267 Cosimo de Medici
Cosimo de Medici's picture

Judging by the comments and the low rating of this article that makes even Robert Brusca look like a fan favorite, apparently this crowd demands all gloom, all the time.  That life is short, painfully short, seems to be forgotten.  There is only doom.

Is athletics meaningless?  Is anything, in the long run, any more meaningful?  Everything is merely fluff to occupy that instant between cradle and grave, but what the heck...if enjoyment is possible, then why not enjoy.  If one can do something well, why not try to do it the best.

Try to see past the logos and corporate sponsors.  Turn down the sound and ignore the jingoism and the chants of people who see flags instead of pure excellence.  Take a moment and just enjoy the pure beauty of that human gazelle, Allyson Felix, bound around the corner in the 200 meter.  Go to a local track and try to run even two laps at the same speed the eventual Kenyan or Ethiopian Gold Medalist in the Marathon will run the entire twenty-six miles.  Think of the commitment and the discipline it took for some guy in a scull to earn a place on his country's team....the sweat, the pain, the blisters he endured simply to prove to himself that, at least for one brief moment, he existed in this world and had control over a very small part of it.  Go watch Chariots of Fire again, as camp as it might be, just to hear that speech Harold makes to the CofE dinosaurs at the private lunch in a Caius hall, which is the best slap at the elite ever featured in a major film.  See what greatness, as measured by us frail, mortal and imperfect creatures, truly is.  Dare to feel positive.  It's not against the law, though it may well be against the self-reinforcing groupthink rage and hopelessness of the Zerohedge crowd.

Or go back to endless whining and criticism and belly-aching over how things should be but are not, rather than rejoice, even for a guilty second, in the good that actually is.  Go ahead and embrace your despair and anger, if that is your only friend.  What a waste.

I'll be going Greek next week, in the best sense of that term.  The ancient Greeks knew.  We've forgotten.

Sat, 07/14/2012 - 01:39 | 2615273 tony wilson
tony wilson's picture

it is satanic ritual and you understand it well numb nuts.

if you do not you should do.

where do all the missing kids go mr

medici

you can tell us or is that  your lickle masonic secret 

Sat, 07/14/2012 - 01:48 | 2615281 Cosimo de Medici
Cosimo de Medici's picture

I'm just guessing, but you have few or no friends, right, save for the ones who probably share skull space with you?  (one of them gave you that UP arrow, yes?)

Quite a demographic you've attracted here, Tyler.  Thorazine ads pay the bills?

Sat, 07/14/2012 - 02:34 | 2615297 Coke and Hookers
Coke and Hookers's picture

I'm just guessing, but you're a high school student trying to imitate adults with your ad hominem "arguments"? Your "you don't have any friends/there's obviously something wrong at home" comments are really inventive ehh? Or I could be wrong and you're just a moron straying from your usuall huffpo playing ground.

Sat, 07/14/2012 - 04:52 | 2615345 Cosimo de Medici
Cosimo de Medici's picture

Quality guesses, both, but both equally incorrect. Perhaps you’ve been addicted to this site’s comment’s section for so long you have forgotten what reality is. Indeed, the comments and ratings on Tyler's article already show just how unforgiving the doomseekers have become.  Look at tony wilson’s comment. "Satanic rituals, missing kids, and masons." He is not being facetious. If you don’t find it bizarre in the extreme, and prima facie evidence of an addled and very disturbed mind, then let him baby-sit your kids.

I always enjoy the “Huffpo” and “Yahoo” name calling, as if THAT is “really inventive, ehh?” Did you get a copyright on that one? Feeling yourself superior because you hate everything and everybody and want death and destruction all around? Steady-state misery is neither evidence of being “awake” nor “deep”. It is merely an addiction.   Lighten up.  Top level athletics, which was the foundation of this article, can be most enjoyable.  Had you been any sort of accomplished athlete in your youth, you would understand.  Heck, I would have thought the ZH crowd at least would like the rifle competition and gold/silver medals, even if sprints and bronze are not their thing.

Sat, 07/14/2012 - 07:37 | 2615410 my puppy for prez
my puppy for prez's picture

You can whistle past the graveyard all you want, but it is NOT perverse or "doomer" to notice what is going on in the world, even if it happens to be macabre.

You can ignore the full breadth of this world's reality, choosing to only think "happy thoughts", but it is important to understand that there IS a bizzaro occult thread running through the power structures of history.  There is ample evidence to support this.

And how do you know that those posting about horrific goings-on don't spend much of the rest of their time enjoying the brighter side of life?  Who made you the thought police?

People come to ZH both to enjoy sarcastic humor AND share feelings about grave matters.  It is an outlet for that.  Many times we live amongst those who have NO CLUE about the realities of this world, and simply need a forum for expressing those thoughts and feelings that would be dismissed otherwise.  

I pay attention to the darker side simply to be aware, but I certainly don't obsess on the info, and am successfully leading a life of love and joy that is not represented by most of my posts.

GET OVER YOURSELF!

Sat, 07/14/2012 - 10:34 | 2615528 Cosimo de Medici
Cosimo de Medici's picture

This from the likes of you?  When you speak of those who have no clue, that is autobiography in its purest form.

Sat, 07/14/2012 - 13:19 | 2615944 my puppy for prez
my puppy for prez's picture

And how would you know this about me, oh, Omniscient One? (bowing and kissing your celestial shoes)

Sat, 07/14/2012 - 22:59 | 2616728 Cosimo de Medici
Cosimo de Medici's picture

I've read your comments.  You've deluded yourself into believing you are "aware", when in point of fact you could not be more silly.  Your "links" are meaningless, your cited websites are some combination of bogus conclusions and outright fabrications.  Hey, but if it adds meaning to your life, have at it.  Perhaps you can "friend" tony wilson on Facebook and share notes on Illuminati, Freemasons, or whoever your personal bogeymen happen to be.  As Roy used to say at the end of his show, happy chemtrails to you.

Sat, 07/14/2012 - 08:30 | 2615437 Bob
Bob's picture

Nice sentiments about sports and life.  Maybe even a bit of truth about our gloom and doominess.  But it's tough once your illusions have been crushed by the painful realities of it all. 

What is it that's said about cynics, that they're disillusioned romantics at heart?  Unfortunately, the heart that's left gets heavily defended with that bitter cynicism. 

Yeah, there's much to treasure and celebrate in the Olympics on the level of the athletes and sports themselves, and you speak to it very well, but when its wrapped in a multi-billion dollar media package of cheap nationalism floating on a sea of tear jerker human interest stories capped with conquering heroes whose hearts purportedly burst with pride for their countries as the medals are hung upon their chests . . .

This will be one of the most militantly controlled media events of Hallmark sentimentality to date.  Imagine all the protesters who'll be beaten and jailed for attempting to break the mood . . . or raided and disappeared during the night for even thinking about it.  There will be no media coverage of this deeply moving "backstory."

But you never know, there might be something like a Tommie Smith/John Carlos moment to counter the precious spell of mass bullshit.   It might be less likely than a manufactured "terrorist" attack to unleash the world's "drones for freedom" forces,  but you never know.

I'll risk being sucked into the matrix for a couple weeks, though.  There'll be alot of good stuff to see, regardless of all the noise.  Thanks for the counterpoint, CdM. 

https://en.wikipedia.org/wiki/Tommie_Smith

 

Sat, 07/14/2012 - 10:28 | 2615524 Cosimo de Medici
Cosimo de Medici's picture

Jim Thorpe (before the silly semi-pro baseball nonsense), Wilma Rudolph, Glen Cunningham, Jesse Owens (perhaps the greatest spit-in-your-face act in the history of the human species), Tommie Smith/John Carlos, the astonishing moment of Bob Beamon, Mark Spitz (seven for seven for seven), Edwin Moses win streak......I'm happy to take a moment and appreciate what can be done.

The doom can wait, and the humorless crowd will always be there.

Sat, 07/14/2012 - 13:47 | 2615986 Bob
Bob's picture

Bob Beamon's jump was like hearing the voice of God.  Usaine Bolt's Olympic impossible 100m.  As even the sheep are quick to acknowledge, too bad it's so damn commercial. 

But being one of the cognescenti shouldn't keep ya from taking all the good you can get in this fucked up world.  Even if you get suckered into the blubbedy bluggubly tears that you know you shouldn't have from time to time.  Deal with it and move on.  

Hey, this has been therapeutic--thanks, man! 

Sat, 07/14/2012 - 11:00 | 2615602 GMadScientist
GMadScientist's picture

They abhor actual competition because it highlights exactly how unimpressive their own accomplishments are in the grand scheme.

They poop on American Idol, the Olympics, and anything else the other chimps jump up and down about, but they're own obsessions are no less trivial.

Maybe if the Olympics included more small arms fire and blood, they'd tune in.

Sat, 07/14/2012 - 03:23 | 2615314 tony wilson
tony wilson's picture

you did not answer numb nuts.

where do all the missing children go?

what do you people do to them illuminate us medici.

will you be at the opening event or enjoying yourself in a basement full of horror

Sat, 07/14/2012 - 06:20 | 2615380 AssFire
AssFire's picture

"Gentlemen. You can't fight in here. This is the War Room!"


http://www.youtube.com/watch?v=UAeqVGP-GPM


Sat, 07/14/2012 - 08:27 | 2615436 shovelhead
shovelhead's picture

Well, I guess you won't be cheering on your team in the Virgin Christian Blood-Soaked Matzoh Eating competition.

Pity.

Sat, 07/14/2012 - 10:09 | 2615504 Cosimo de Medici
Cosimo de Medici's picture

Virgin Christian Blood-Soaked Matzoh Eating?  I happen to have been intramural champion of that game in my university years.  It covered the down time between basketball and track (100, high jump).  To be frank, when they switched to playing it on artificial turf, I lost all respect for it.  It is a sport that absolutely demands an asterisk in the record books.

Sat, 07/14/2012 - 15:03 | 2616177 tony wilson
tony wilson's picture

negged by  satanic non illuminated masons 

thanks guys : )

but the question i have  chaps is if your secret sex  cult thinks to many people are on this planet why not kill yourselves jim jones style.

Sat, 07/14/2012 - 05:11 | 2615352 Sabremesh
Sabremesh's picture

Nice comment, Cosimo, but wasted on ZH doomers. You could have just said "Gold, bitchez" as both a TLDR of your Olympic paean, and a sop to hivemind.

Sat, 07/14/2012 - 15:05 | 2615644 tony wilson
tony wilson's picture

Sabremesh

a lot of folks feel at a deep level the satanic symbolism is rotten,not healthy and a frame for sickos to rape and kill children.

i understand to some that is a contradiction to the so called values of the olympics.

i understand that going to eyes wide shut parties for some is cool but people like you are the little scumbag footsholdiers.probably doing your masonic crap at a local church hall than a rothshield mansion.

the masons and these satanics cults are just a form of mob mafia with child abuse parties as a bonus.

if you want to be part of a sordid ritual cult it is your life, secret societies should stay secret.

it is when they spend billions on some rotten rotten evil spectacle within so called benign events like sport,music and film.

that needs to be addressed.

so cut the shit keep your nasty habits hidden in the basement

Sat, 07/14/2012 - 01:53 | 2615282 Milton Waddams
Milton Waddams's picture

wow, talk about trying to find edges.

 

EDIT: further, olympics is the meet and greet of bread and circus.

Sat, 07/14/2012 - 02:03 | 2615288 Walt D.
Walt D.'s picture

I think Barack Obama is going to get the gold medal in the Tax Hike and set a new Olympic record, a new world record, and a personal best.

Sat, 07/14/2012 - 02:19 | 2615293 reader2010
reader2010's picture

Who'd spend time watching other people's sports on tv? fucking retard. If you really enjoy sports, go do it yourselves. 

Sat, 07/14/2012 - 04:02 | 2615329 AnAnonymous
AnAnonymous's picture

Who'd spend time watching other people's sports on tv? fucking retard. If you really enjoy sports, go do it yourselves.

_____________________

It is like sex. Oh, wait, US citizens have developed a thriving porn business...

Sat, 07/14/2012 - 10:50 | 2615574 post turtle saver
post turtle saver's picture

Why do I invariably hear this from people who were always picked last in gym class? That's what I visualize when someone utters this nonsense... some dysgenic sk8r boy freak that rides their trail bike on the weekend or plays frisbee golf and calls it "sport".

Sat, 07/14/2012 - 04:06 | 2615326 falak pema
falak pema's picture

you're much to kind to France. There is no competition in the Olympics for making baguette, croissants, foie gras, cheese and wine! So 41 medals, of which 14 in gold,  is much too generous. 

I'd settle for half of that! 

Sat, 07/14/2012 - 04:00 | 2615328 juujuuuujj
juujuuuujj's picture

Jamaica is the black swan on this chart :)

Sat, 07/14/2012 - 05:18 | 2615357 Wakanda
Wakanda's picture

Jamaican gold. ; )

Sat, 07/14/2012 - 05:06 | 2615341 NuYawkFrankie
NuYawkFrankie's picture

Re Economic Variables Predicting Olympic Success.

 

I have confidence that the Economics "Profession" as a whole, using the latest tools & analysis - combined with raw computational-power (after all, you can never have too many variables to tweak ;),  might be somewhat accurate in "predicting" the medal-count - once The Games are over, the contestants are long gone home... and the last lonely McDonald's Happy Meal wrapper is lazily wafting around an empty Olympic Stadium.

Then again, I might be wrong.

Sat, 07/14/2012 - 05:20 | 2615358 Apostate2
Apostate2's picture

Oh behave. I left O'Blighty because of the circusey Olympics causing down-time to basic transport and all those touristic invasions to my neighborhood. Having said that, I enjoy the Sport and Competition. Nice to see all that physical talent one on one trying to beat the odds.

Go talent, persverance, and may the best person win.

Sat, 07/14/2012 - 05:21 | 2615360 slackrabbit
slackrabbit's picture

Economist simply hate the fact that you're better off getting role playing dice and rolling a D20 -  (they were never invited to the gaming / drinking  sessions anyway)

Sat, 07/14/2012 - 10:11 | 2615507 GMadScientist
GMadScientist's picture

Is that D20 to disbelieve or a critical hit?

Sat, 07/14/2012 - 05:30 | 2615365 slackrabbit
slackrabbit's picture

Maybe governments can agree not to win if they have their debts cut.....oh right that event is already in progress

Sat, 07/14/2012 - 06:10 | 2615374 Frastric
Frastric's picture

Goldman Sachs failed to calculate one thing; how the British athletes will probably crumble due to all the pressure. The expectations of them are way to high, and I would not like to compete in home soil with all that pressure.

As for the Olympics itself; the usual white elephant. The British 2005 bid was a real con because they claimed 'if they would host the Olympics we're doing it for the people and helping them to get fit'. Bull. Most of the country will turn into couch potatoes watching the games for a month, and once the show leaves London, expect interest in that Olympic village to fade fast.

The only good thing is how embarrassed the British government will be when London will be gridlocked and their OTT security measures really get in the way of people.

Sat, 07/14/2012 - 07:15 | 2615399 Shizzmoney
Shizzmoney's picture

They are using temps as security for the London Olympics.  Methinks that won't go well.

 

Choosing London for the Games was simply a dumb idea for security reasons.  The place has a big enough bulls eye as it is. 

As ominious as that sounds, watch this and tell me you feel comfortable:

http://t.co/7Cg9J0RW

Sat, 07/14/2012 - 07:21 | 2615404 my puppy for prez
my puppy for prez's picture

Yes.  truthseeker.co.uk has a two-part analysis on the "illumaniti" symbolism behind the video.  We live in the weirdest of times!

Sat, 07/14/2012 - 10:13 | 2615511 GMadScientist
GMadScientist's picture

The only thing less intelligent would be having Mecca host.

Sat, 07/14/2012 - 07:41 | 2615415 ripper
ripper's picture

Captial3x forex and futures portfolio at end of week

http://capital3x.com/think-tank/performance-14-july-2012-well-into-the-p...

Sat, 07/14/2012 - 10:11 | 2615506 GMadScientist
GMadScientist's picture

Ya might wanna change that name to BlindChicken3X. 33 winners out of 67 calls is not something you mention in polite company.

Sat, 07/14/2012 - 07:49 | 2615419 sandeepyadav
sandeepyadav's picture

Great work putting out the predications .. why does the game theory cannot be used here wp.me/pc3rd-Lr

Sat, 07/14/2012 - 09:26 | 2615465 Snakeeyes
Snakeeyes's picture

Is there a competition for most people put on disability and food stamps and too few jobs? Obama would easily win the Gold Medal!!!!!

http://confoundedinterest.wordpress.com/2012/07/13/lockhart-thinks-more-qe-will-be-needed-as-more-people-go-on-the-dole-disability-and-food-stamps-than-become-employed/

Sat, 07/14/2012 - 22:08 | 2616657 Walt D.
Walt D.'s picture

Nah - he would fail the drug test - tax and spend on steroids.

Sat, 07/14/2012 - 10:09 | 2615503 GMadScientist
GMadScientist's picture

"The most important thing in the Olympic Games is not winning but merchandising."

Fixt.

Sat, 07/14/2012 - 10:11 | 2615508 Caviar Emptor
Caviar Emptor's picture

Forward Flash, Olympic Coverage: "This Iconic Performance by this Iconic Athlete here in Iconic arena in the Iconic city of London will remain one of the truly Iconic legacies of these Iconic Olympic Games. Back to you Joe..." 

Sat, 07/14/2012 - 10:34 | 2615513 Hedge Hog
Hedge Hog's picture

How come there's no posting on the Visa-Mastercard $7.25bn "settlement" with retailers??? - story broke over 12hrs ago!

Also links in well to the Olympics; VISA being the official sponsor. I remember the great deal they got here in the UK; the ONLY way payment could be made to buy official Olympic tickets was with a VISA Debit/Credit card (no joke, made the news here) - proprietary currency! So it's now all fine WITHIN THE UK for VISA credit to have legal tender primacy over GBP STERLING??? .... sure there was supposed to be some "law" against some such.....

Sat, 07/14/2012 - 11:30 | 2615683 tony wilson
tony wilson's picture

indeed it is very exciting times for the many secret societies.

they realize that they can dress mad donna up as satan and the sheeple do not even notice.

they can have the most masonic sporting event in history and still the medicated get excitited.

who is keeping count not of the money but of the mighty that cancel the trip to london last minute.

if something goes down..

you can be sure the special ones will be safe.

i do not believe that satan exists but it is the symbolism that is important

danny boyles opening show will illuminate through darkness

 

Sat, 07/14/2012 - 12:12 | 2615752 The Credible Hulk
The Credible Hulk's picture

Didn't you guys hear? Thanks to fractional reserve medalling, now EVERYbody gets a medal. Or paper representing one. I mean, they're technically not redeemable for medals, but there's a law that says that everybody has to act as if they were. So there's no difference really. The point is, there's only winners! Can I have your paper medal and invest it into olympic housing? You really should give me your paper medal and let me invest it into olympic housing. Teams always grow, that's how the olympic market works. I can borrow you paper medals if you didn't win one. No, no, there's no need for you to be an athlete. Everybody is a winner!

Sat, 07/14/2012 - 12:15 | 2615760 Greenie
Greenie's picture

"...when you create a world class environment you are far more likely to create world class athletes." What is a 'world class environment' and how do we measure it across countries?

 

Its really not fair to compare a country's gold medal tally and make comparisons or conclusions about that country because many of the world's most elite athletes, except those from China, train in the US.  The reason-the facilities in the US are top notch.  Clean 50 meter pools with underwater camera systems are probably hard to find in Uganda.

Sat, 07/14/2012 - 12:50 | 2615857 DutchR
DutchR's picture

So on a survival scale,

 

Air = Free

Water = Gold

Food = Silver

Barter = Everything

 

Sat, 07/14/2012 - 13:02 | 2615892 bankruptcylawyer
bankruptcylawyer's picture

FALSE FLAG OCCUING +

NO FALSE FLAG OCCURING -

 

VOTE!

Sat, 07/14/2012 - 14:54 | 2616158 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

 

I think Israel will once again sweep the Judo competition, it's just in them...that and fencing.

Sat, 07/14/2012 - 16:04 | 2616278 Monedas
Monedas's picture

If they gave them real gold medals .... they would lose their amateur status !  Liberal think tank think !

Sat, 07/14/2012 - 20:45 | 2616581 HungrySeagull
HungrySeagull's picture

Here is the new schedule of games.

Wife Lifting.

Ammo Carrying.

Precious metals stacking.

Frag Toss.

Skating the workday clock.

Children throwing... (Aka Trapeze)

100 Kilo Toss.

Etc.

Sat, 07/14/2012 - 23:36 | 2616771 Harris7
Harris7's picture

A very nice informational blog.Keep on making such important blog post.Your work is really being appreciated by some one.


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