I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Radio Free Wall Street
Posts Tagged ‘ Las Vegas ’
Grim Outlook For Housing Prices
House prices will fall 3 percent nationally in 2012, excluding foreclosures and short sales, Douglas Duncan, Fannie Mae's chief economist, said at a University of San Diego real estate conference on Tuesday.
...
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Let’s Fold Vegas
If US cities were poker hands, America's invisible hand would have folded Las Vegas long ago for there is nothing capitalist about gambling. Aside from being an anti-capitalist theme park (about which, more later), Vegas, as it is affectionately k...
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Housing Market has Changed – Risks are not Recognized
Tags: Housing Market, Housing Market has Changed
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Surge in all-cash buying signals end of ‘normal’ housing market
Back in May, I posted an article on Minyanville asserting that all-cash buyers have kept several major housing markets from collapsing. (See All-Cash Buyers Preventing Collapse of Housing Markets.) With new evidence in to support this claim, now is a...
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Things Get Curiouser and Curiouser
As if it were not strange enough! Microsoft bought a phone company with no phones for $8.5 billion. Then, the public bid up the price of another Internet company, LinkedIn, to the point where buyers were paying more than $20 for every dollar of rev...
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The Successful Failure of U.S. Money Printing
To hear the papers tell it, US stocks are being weighed down by troubles in Europe.
....snip.....
Yeah. The problems are all in Europe. If it weren’t for the Greeks, and Italians, and Spaniards…it would be clear sailing here in the US.
But t...
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Where to powerful x-Senators move on to?
EXCERPT:
LAS VEGAS (AP) -- Chris Dodd made his Hollywood debut as head of the Motion Picture Association of America on Tuesday, saying he hopes to get the industry talking itself up more to audiences.
The former U.S. senator and 2008 presidential ca...
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One out of Every Seven Homes in Nevada is EMPTY
Nevada's boom ends in record number of empty homes
LAS VEGAS – The promise of palm tree groves and low-priced real estate lured Alan and Katherine Ackerly across the Rocky Mountains from Denver to Nevada in 2004, where thousands of new houses beck...
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Actionable Punishing
May data on Las Vegas casino activity shows a 6.9 percent drop YTD/YoY in visitors, versus 2.8 percent more rooms. Room rate have been cut YTD 27 percent YoY to reach this. Convention attendance is down a whopping 28.6 percent, and gaming revenue YTD/YoY is down 13.2 percent.
My personal Priceline “negotiator” indicator...
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Actionable Tire Check
Ominous signs that the driving season has completely failed to materialize. This to me translates into an even weaker May coming on top of a poor April. Accordingly I expect the second quarter to bomb.
Some data on Las Vegas YTD through March even before the previously alluded to fizzle. Visitors...
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