10 replies to this topic

[SemiBizz]

The Economy is GOOD

There is NO INFLATION

There will be NO RECESSION

(Richard Nixon)

[atlasshrugged]

Hgx is going to crumble next week

[SemiBizz]

Hgx is going to crumble next week

I was surprised to learn that Nevada is #1 in mortgage defaults ahead of CA, that market must be decimated...

[arbman]

New home sales are down, the construction spending is up... The builders must be thinking the economy is headed for a nice recession and the rates are going to zero.

[atlasshrugged]

Hgx is going to crumble next week

I was surprised to learn that Nevada is #1 in mortgage defaults ahead of CA, that market must be decimated...

its amazing because the capital investment taking place on the strip is absolutely mind boggling right now!

there was just way too much speculation and anticipation from those building houses a head of these major projects...

[Drano]

That's why there's always the boom and bust cycle among builders. I know one who sold out his business two years ago. He's survived several and got out while the getting was good.

[SemiBizz]

This little bit of subprime fallout news last nite in Europe chilled the gap up opening that was setup...



Profits Fall at German Bank IKB

Hgx is going to crumble next week

I was surprised to learn that Nevada is #1 in mortgage defaults ahead of CA, that market must be decimated...

its amazing because the capital investment taking place on the strip is absolutely mind boggling right now!
there was just way too much speculation and anticipation from those building houses a head of these major projects...

Heck I remember the 70s in that town, it was dead. They used to go to the bars in SF and offer free chartered flights with free booze, $25 in free play just to get you into their casinos...



They haven't seen a recession like that one since. Could it happen again? I see a lotta parallels, not least of which is price of oil...

[ruffwood]

I am a novice at all this stuff. But here is my observation on Vegas. I have only visited twice. The last time was a few months ago and the difference I noticed is that the place was overrun with Foreign tourist with handfuls of dollars. Eating at buffets which in my perspective weren't cheap but to them must have been a bargain.

[Data]

Retail stocks don't seem to believe that story about personal spending.

Edited by Data, 28 September 2007 - 11:14 AM.

[linrom1]

Retail stocks don't seem to believe that story about personal spending.

They had some guy on Bloomberg who was saying that their research shows that when FED cuts rates, consumer discretionary is the place to be. He said that their research went back to 1990.