Today's economy

Seven ways today’s economy is like the NHL playoffs

By Kevin Press, BrighterLife.ca

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Seven ways today’s economy is like the NHL playoffsI need to get something off my chest.

I’m not a superstitious person, but I think the Lovely Lisa may have had something to do with the Toronto Maple Leafs’ last-minute loss to the Boston Bruins on Monday night. I’m not saying she’s fully to blame, of course. Clearly, my home team faced a variety of headwinds as it found a way to give up a three-goal lead with half a period to play in game seven. But it wasn’t until Lisa confidently announced (at 18:38 of the third): “Don’t worry, there isn’t enough time for Boston to come back,” that I knew for sure we were finished.

I know Lisa was only trying to make me feel better. But telling a Leaf fan he has nothing to fear with 82 seconds left is a little like telling Angela Merkel to stop sweating that whole inflation thing.

It only adds to the pressure. And let’s face it, the Stanley Cup playoffs offer up a level of tension not unlike the global economy. Here are seven ways today’s economy parallels the post-season:

  1. Diversification is essential. Rooting for just one team is like investing all your money in one stock. It will almost certainly break your heart. I support the Canadian teams, except for the Ottawa Senators of course. (Clearly this playoff season has lost much of its appeal for me.)
  2. It’s all about talent. As the war for talent heats up in the global economy, I think it makes more and more sense to consider a company’s human-resources strategy before deciding whether or not to invest in that company. I’m trying to apply the same principle to choosing my favourite hockey teams. Really, I’m trying.
  3. Defence wins championships. I was a goalie when I played hockey as a kid. I find it easier to save now than I did then.
  4. Home-country bias can cost you. I get why we all rally behind the Canadian teams during the playoffs. Just don’t be stubborn about it.
  5. The game might go a lot longer than you think. Double- and triple-overtime games are fun to watch, provided you’re seated comfortably. I like to think about living into my 90s in much the same way.
  6. Rates of interest remain low. At least that’s the case in parts of the southern U.S. Go Jets! And yes: Go Nordiques!
  7. Frugality schmugality. If you’ve ever spent $200 on a team sweater or an arena seat that’s just an inch or so too narrow, you know what I’m talking about.

Here’s one more: Followers of hockey and the global economy both know that paying too much attention to bloggers can distract you from more important things like enjoying the springtime weather. Take it from someone who knows.


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[…] Telling a Leaf fan he has nothing to fear with 82 seconds left is a little like telling Angela Merkel to stop sweating that whole inflation thing. It only adds to the pressure. And let’s face it, the Stanley Cup playoffs offer up a level of tension not unlike the global economy. Here are seven ways today’s economy parallels the post-season:  Open this article […]

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