5 Responses

1. Anonymous says:

   May 5, 2008 at 10:28 am

   I’m siding with that bet:

   The Recession of 2008 That Wasn’t?
2. Doug the Second says:

   May 5, 2008 at 5:05 pm

   Well, perhaps. But, what does it mean for the economy when a gambling capital like Las Vegas is seeing a fall in revenue for the just the second time since 1970?

   The most learned and experience of people are notoriously bad for predicting tops and bottoms, and that goes for recessions as well. Who knows what will happen.
3. hkoliner says:

   May 5, 2008 at 7:53 pm

   Las Vegas could be seeing severe competition from Macau. It could be seeing a response to higher fuel prices and the hassle of flying. Higher gas prices means people will travel less.

   Many pessimistic players have picked 12 of the last 3 recessions.
4. sbvor says:

   May 5, 2008 at 8:39 pm

   Doug The Second,

   1) Read this book and learn how the media cherry pick their stories, their pundits and everything else in order to fit their agenda. Only Dems allow their world view to be shaped by so-called “journalists”. The rest of us know better and dig deeper.

   2) Check this link and observe that, in general, the more Left Wing the state, the higher the unemployment rate. Drill down to the county level (by clicking any given state along with an available month) and see, in general, the same theme play out at the county level. Note, as well, that what is going on in Michigan is a world away from what is going on in Oklahoma, South Dakota and Nebraska (so-called “fly over states”). There is no recession at the national level. Put a Dem in The White House and that will surely change.
5. hkoliner says:

   May 5, 2008 at 9:49 pm

   Oy!