Posted on 03/28/2014 11:30:40 AM PDT by Oliviaforever
There’s a reasonable amount of conjecture in the markets right now about whether things are getting a bit overheated. Wiser minds than us have been vexed by the topic of asset price bubbles, so we’ll leave that to one aside.
But the current discussion about market conditions still led us to stumble upon what is surely one of the most interesting periods of market euphoria in America’s history: the 1961 boom (and subsequent bust) in ten-pin bowling stocks. (Hat-tip to Reuters, which highlighted the bowling bubble in its analysis this week).
(Excerpt) Read more at qz.com ...
An interesting, fun, and kinda off-the-wall subject.
Thanks for posting it.
I’ve long thought that the basements of bowling alleys would be a good place for server farms.
Bowling. The only sub-economic sport.
It’s a good article in that there is a great deal of insight as how the state of the economy and American industrialism can be linked to bowling. Bowling reached its peak when a large number of Americans were employed in industrial working class jobs and fell as factory jobs and such left the United States.
“Bowling. The only sub-economic sport.”
Bowling is not a sport as you an drink and smoke while bowling.
And that brings another aspect of the demise of bowling that should be examined and that would be the impact of municipal smoking bans on bowling alleys.
I remember 1950’s TV in Kansas City. The sports on at the time always seemed to begin with “B”. Bowling, Boxing, Barrel Jumping, Bull Riding, Bronco Riding and Bicycle Racing around sloped wooden tracks.
I see a similar boom-bust in Golf due to Tiger Woods.
“Bowling is not a sport as you an drink and smoke while bowling.”
You never been to one of my men’s league ice hockey games.
I would not disagree.
The Dude abides.
https://www.youtube.com/watch?v=sYsw0KVRjCM
My son-in-law posted a video of my (adorable) three year old grandson “bowling” candlepins on facebook. I made two separate comments. “The Dude abides” and “The Little Lebowski”.
When I was a kid in the summer I could walk the six blocks to the public course with my clubs and play 18 holes for $5.95. Golf is going to hit a wall soon.
Golf has been in long-run decline for 15-20 years now. There is a boom-bust cycle, but it had little to do with Tiger Woods. There was tremendous overbuilding of golf courses (especially resort courses) in the 1990s. Many private clubs are now soliciting members, reducing or eliminating up-front membership fees, allowing public play (with a modest green fee) on weekdays, etc.
They could re-energize the bowing scene with the introduction of weed. Imagine “Bowing for Buds”.
Then things dwindled, and a few very large bowling centers closed down. I guess the Boomers just didn't like bowling as much as their parents. It's still popular here, but there's not nearly as many teams and numbers of bowlers even with a doubling of the metro population in the last fifty years.
Unfortunately, the current public/municipal course (not too far from where I lived) was a private course when I was in my teens. If it had been public when I was a teen, I would have lived there. The closest open to the public course was quite a distance away. That’s life.
I don't know if that's an accurate statement. The bowling alleys in my area here in S.E. Michigan are always filled with leagues. Mornings especially which accomodate many of my retired softball buddies.............
What I do know is that manufactured lane conditions and the advanced technology of the balls being used are contributing to grossly higher averages.
225 - 245 averages are common place now amongst the premier leagues.........
What goes up will eventually come down..
The FASTER it goes up, the FASTER it will come down...
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