It could be Britain’s ‘Bradbury moment’. As big a shock to the establishment as Brexit. And by tomorrow (Australia time) we’ll know for sure. Jeremy Corbyn, leader of the Labour party in the UK, just might ‘pull a Bradbury’ and achieve the seemingly impossible.
And if he does, all bets are off.
But first, a brief Winter Olympics history lesson…
1994, Lillehammer, Norway. Australia entered a short track speed ice-skating relay team. The team did exceptionally well and won bronze in the 5,000 metre relay.
The team just managed to make it through to the final. And the game plan was simple. Stay on your feet and finish. In short-track speed skating staying upright and finishing keeps you in the hunt. It’s not uncommon to see skaters crash out along with their chances of a medal.
Fortunately for the Aussies, the Canadians crashed in the final and gave up a load of time. This gave the Aussie skaters a chance. And fighting for silver the team again opted to battle hard but still remain upright — they won bronze.
One of the members of that team was Steven Bradbury.
Stay upright and you’re in with a chance
1998, Nagano, Japan. Australia entered its team again. But this time they failed to make the final. They were two seconds faster than at Lillehammer — but not fast enough.
However, by now Steven Bradbury was a far more accomplished individual speed skater — at least by Australian standards. As it played out Bradbury finished 19th in the 500 metre and 21st in the 1000 metre, out of 30 skaters.
2002, Salt Lake City, Utah. The relay team again had a crack. But failed to make the final. And in the 1,500 metre and 500 metre Bradbury also failed to make the final. But the there was still the 1,000 metre event.
Bradbury won his heat with ease. His quarterfinal would prove to be far trickier. In the quarters he found himself again Apollo Anton Ohno — the red-hot favourite for gold. But that wasn’t it. That race also had the current world champion, Marc Gagno.
Let’s not beat around the bush here. Both of these men were faster than Bradbury, plain and simple. And with only the top two from the quarters progressing, it didn’t look good.
But Bradbury had a game plan. One that was entrenched in him from eight years earlier. Stay on your feet. If you don’t trip over yourself or the others you’re in with a chance.
He did exactly that…and still finished third. That is until Gagnon was disqualified — putting Bradbury through to the semis.
Again, in the semis Bradbury was outclassed. He was quick, but realistically not quick enough to win. Again his strategy was to cruise behind the field. Just close enough to be in contention if there were any crashes ahead of him. He was good enough to do that.
And that’s what happened in the semis.
He was in dead last place in the semis. And then all three skaters from South Korea, China and Canada crashed. Bradbury cruised through to win the semi and advance to the final.
By now he was already suffering from a case of ‘the luckiest man on Earth’ syndrome. And in the final there was only one way to go about it. The exact same way he went about the races prior.
And once again in the final he was dead last as the skaters made their way around the track. Fifth out of five. And again facing Ohno who was still the hot favourite to win.
On the final turn of the final lap the four leaders were jostling for the gold. Bradbury was almost a third of a lap behind. And all four crashed into the barrier. As they scrambled to get back to their feet, a few meters from the finish, Bradbury cruised past, on his feet, to win gold.
It was the first Winter Olympic gold medal from anyone in the Southern Hemisphere. It was and still is the most unlikely victory in almost any sports event in history. And ‘pulling a Bradbury’ is now a part of Aussie vernacular.
Can he really win it?
Thursday (UK time), Jeremy Corbyn, leader of the UK’s Labour party might be in line to ‘pull a Bradbury’. He’s perhaps the most disliked leader in the party’s history — but by sheer luck he’s gaining ground on the Conservatives.
The fact there’s even an election in the UK is peculiar. The existing Conservative government, led by Theresa May, decided to strike while the iron was hot. All polls indicated she had a crushing majority win on her hands.
Corbyn was a bumbling mess with little support from his party. That’s still the case. But due to Theresa May’s inability to connect with the people, she’s starting to falter.
Early on Theresa May was cruising to victory. All polls said she’ll win a majority…except maybe she won’t. Make no mistake, Corbyn isn’t exactly the best competitor in this race.
But he’s in the game. Though he appears to be miles behind, May looks like she’s set to crash at the final corner. And if she does, Corbyn might just win it all.
If that happens it’ll be a bigger upset than Trump or Brexit. It will be Corbyn’s ‘Bradbury moment’.
And if he does win, all bets are off. The UK will be thrown into economic turmoil. The pound could crash to all time lows against other major currencies. Brexit might not even happen.
If Corbyn wins are you prepared for it?
Of course whoever wins or loses in the UK election is a moot point if you’ve got your eye on the bigger picture. Rather than play the short term events, you can actually time your investments based on grand cycles.
Now I’m no expert on cycles, but my colleague Phil Anderson is. That’s why when it comes to understanding cycles, timing them and knowing when to get in and out of the market there’s no better authority than Phil and his Cycles, Trends and Forecasts service.
It will give you a very good framework for how financial cycles work, and give you confidence to invest regardless of what happens in the unpredictable world of global politics.
Read on below for a guest essay from Phil explaining why the recent clamour about a collapsing Australian property market is just so much noise. Or go here to learn how to time the cycle yourself.