Oscar viewing fell beneath 10 million, a crash mode from last 12 months’s historic low of 23.6 million viewers as compared with virtually 30 million in 2019 pre-COVID. The entire leisure commerce, from movies and Oscars to soccer and sports activities actions, signifies that the long term isn’t so shiny and sunny.
I warned once more in 2016 that soccer was getting right into a bear market. Actually, 2015 was the peak that lined up with our Monetary Confidence Model. It appears we’re heading right into a severe low by 2023. Nonetheless, the final word low couldn’t appear until 2027/2028. I’ve moreover warned that politics does NOT belong in leisure, be it Hollywood or on the soccer topic. People flip to leisure to be entertained — not indoctrinated by their political opinions.
Apparently, 2015.75 was the start of the Massive Bang, the sovereign debt catastrophe that may end up in your entire collapse of governmental debt on a world scale 17.2 years from that turning stage — 2032. The reality that leisure moreover peaked with 2015.75 is indicative of the collapse throughout the public confidence throughout the authorities, which is popping into escalated by this COVID manipulation the place these morons assume they’ll destroy the financial system and assemble it once more increased when in actuality, they’re solely fulfilling the forecast of our model.
The put up Collapse of Leisure – Along with Sports activities actions first appeared on Armstrong Economics.