Is the Olympics a Contrary Indicator?

It seems interesting that the nations that sponsor the Olympics find themselves in financial trouble a few years later. But this may not be all that surprising. With the money spent building Olympic venues and sprucing up entire cities to make a favorable impression on Olympic tourists, the debt overhang is probably pretty large. And what do you do with the "Bird's Nest" once the Games are over? You can't make "Bird's Nest" soup! But look at the recent history. Salt Lake City suffered a PR disaster after the 2002 Olympics were shrouded in a bribery scandal. The 2004 Athens Games are partially to blame for the disaster we now call Greece. The 2006 Games in Italy feature another of the PIIGS countries. 2008 marked the peak for the Chinese market. Will 2010 mark the peak of a Canadian economy overly dependent on real estate and commodities? Will 2012 be followed by a British collapse of an overly leveraged economy losing its one source of tangible wealth: North Sea Crude Oil. And will 2014 mark a high point for the Russian bear, once the Games are played out at Sochi? Not much to lay out an investment plan, but something to keep in mind in a world teetering (and tweeting) on the brink of a global debt collapse.