BEYER: Racing still draws, just not to track..

[randallscott35]

Why 1983?

Maybe because that was the exact bottom of the last recession that compared to the one we just went through? Is he using CPI for his inflation adjustment? That basket has changed as well since the 1980's.

Racing is far from death. The idea, however, that someday we will have 50 people at Belmont and our handle will be surging just doesn't make sense. And even after his inflation adjustment, that uses suspect and cherry picked dates, there is little if any growth in 30 years....Mind you when I think about the glory days of racing, the 1980's isn't it. I think early 70's and before. Would much rather look at those numbers.

[Danzig]

Originally Posted by randallscott35

Why 1983?

Maybe because that was the exact bottom of the last recession that compared to the one we just went through? Is he using CPI for his inflation adjustment? That basket has changed as well since the 1980's.

Racing is far from death. The idea, however, that someday we will have 50 people at Belmont and our handle will be surging just doesn't make sense. And even after his inflation adjustment, that uses suspect and cherry picked dates, there is little if any growth in 30 years....Mind you when I think about the glory days of racing, the 1980's isn't it. I think early 70's and before. Would much rather look at those numbers.

why 1983? maybe because it's exactly 30 years ago? not sure why you think it's suspect or cherry picked.

but he's right, the tracks need to explore ways to take care of their off-track customers, lest they end up in the same mess as the usps for example.

[randallscott35]

Originally Posted by Danzig

why 1983? maybe because it's exactly 30 years ago? not sure why you think it's suspect or cherry picked.

but he's right, the tracks need to explore ways to take care of their off-track customers, lest they end up in the same mess as the usps for example.

Of course it is cherry picking. That's the beauty of statistics, you can show what you want in some respects. That's where spin comes in. So what it is 30 years, he chose a specific year. That's his right, God bless him and some of what he says is very accurate with regards to offtrack handle...I just don't think the numbers are that sexy to begin with.

2% inflation over 30 years is a doubling. And that's just inflation. Inflation is not growth. So let's hope they were at least able to tread water.

[jms62]

Originally Posted by randallscott35

Why 1983?

Maybe because that was the exact bottom of the last recession that compared to the one we just went through? Is he using CPI for his inflation adjustment? That basket has changed as well since the 1980's.

Racing is far from death. The idea, however, that someday we will have 50 people at Belmont and our handle will be surging just doesn't make sense. And even after his inflation adjustment, that uses suspect and cherry picked dates, there is little if any growth in 30 years....Mind you when I think about the glory days of racing, the 1980's isn't it. I think early 70's and before. Would much rather look at those numbers.

A long long time ago you had to show up on the steps of the New York Stock exchange in order to buy stock. My how times have changed.

[Danzig]

Originally Posted by jms62

A long long time ago you had to show up on the steps of the New York Stock exchange in order to buy stock. My how times have changed.