An old colleague, and good friend of mine, from my days at Merrill, was a hockey playing superstar in his days at the University of Michigan. He had the great fortune of getting not only his pair of seasons tickets for football early but also got two pair pretty much beside each other. So he has four tickets to the 6-7 home games each season.
Being the father of three boys, I thought it would make a great "boy's weekend" for me to take my youngest son Nicholas down to London, ON on a Friday afternoon, take out our eldest Macallum and middle son Harrison (they both attend UWO) for dinner and then all four of us could go to Ann Arbor, MI for the game on the Saturday. And my good friend John was gracious enough to sell us all four tickets. for the uninitiated, these are hot items as it is quite a scene there for a home game.
But now I am starting to wonder if the price of the tickets might just come down? I know it is only 6 months away, and they probably won't, but I wonder if the price will come off in the next 5-10yrs?
The University of Michigan just released their monthly economic statistics (Sentiment, Current Conditions, Expectations, 1yr Inflation and 5-10yr Inflation). Given I am concerned about the price of my four football tickets, I will focus on Inflation. 1yr Inflation Expectations were at 2.4% which is about as low as it has been since Sept 2010. However, 5-10yr Inflation Expectations just plumbed to new lows at 2.3% from May at 2.5%...2.3% is a level not seen since...well, ever!
I wonder why long bonds around the world are on fire?