Quote:
Originally Posted by A-Rod's Cousin
No it actually didn't. I think both things happened. A bunch of corporate money was created during those years in the market and Tiger brought a lot of it to the tour.
But attributing 28% to Tiger, if that's what he's doing, would be totally short-sighted.
If Tiger came on the scene during a huge financial downswing there's no way we see a 28% spike in tour money averaged across 3 years.
Take a look at NWC's number he cited for 2000-2007: 4.6% per year. Do you think that has to do with the fact that Tiger stopped GOATING and people lost interest in him, or with the fact that the market totally ****ing tanked in the first half of the 2000s?
Hint: Tiger didn't stop GOATING until 2009.
I am attributing most of the 28% to Tiger. It's not really short sighted.
Your right that from the late 80s thru the early 2000s was an amazing growth period for America. However, from 1970-1990, adjusted for inflation the Dow Jones was basically flat but golf still grew at almost 5%. Then from 1990-1997 the Dow Jones returned 7.5% per year, but golf's growth shrank to just above 3%. Then from 97-2000 the market returned 15% per year, and golf exploded up 28%.
It would be silly to say "oh the economic growth in america is what really drove golf from 97-2000" while ignoring that the economy was growing plenty from 90-97 but golf's growth actually shrank in comparison to the previous 20 years of economic staleness. The economy definitely played a role in the amount of money that COULD be thrown around, but they weren't throwing it at golf until Tiger came about and then they piled in.