Every few years, countries across the globe compete to host the Olympics. Conventional wisdom tells us that it is a "good" thing to host the Olympics but the "data" suggests otherwise. I was inspired to write this article after reading Ken Rapoza's article, "Brazil's Economy Hasn't Been This Bad Since 1930" in Forbes this weekend. A small voice in the back of my head asked: Isn't Brazil hosting the Olympics soon? If so, shouldn't their economy be booming (or at least doing relatively well) now (leading up to the games)? So I decided to take a closer look and analyze the facts.
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