[luckydogg]

Originally Posted by JonathanLB

Also, you’re wrong, Vegas has diversified. A $600 million Google facility broke ground this summer in Henderson. Distribution facilities for Fanatics and Amazon sit in North Las Vegas - virtually all returns on the West Coast ship back to Amazon in Vegas, haven’t you noticed that? The city has two sports teams making it home by 2020. More tech companies have opened their doors. Downtown has grown as well. Of course tourism still reigns, and always will, but that’s no different than Wall Street and the financial companies dominating NYC. Every city has some area of specialization especially if you want to have a world class city that’s actually known for something.

This is very true, and one thing people sometimes forget is that ground zero in the last recession and one of the worst hit industries was Wall St itself. The investment banking industry was decimated with massive job losses along with two large investment banks collapsing (Lehman Bros and Bear Sterns which was fire saled to JP Morgan). And most of the job losses were highly educated highly compensated professionals. But Vegas with all it's foreclosures and short sales I am not aware of any existing casinos that went under, and even though some new projects were halted, CityCenter continued to move forward so big money was still flowing into Vegas while there was carnage on Wall St. If Vegas hadn't overbuilt it's residential housing so fast and furious making it the foreclosure capital of the USA I don't think anyone would have even remembered. Phoenix was also overbuilt and their housing tanked almost as much as Vegas but nobody seems to remember that, they only remember Vegas because it became the poster child for the housing crisis with it's juicy storyline, you know "Las Vegas the land of excess and sin and greed". That storyline wouldn't have worked so well with Phoenix, lol.

Vegas now has almost the complete opposite problem of building too many homes with nobody to live in them, new construction is barely is keeping up with the number of people who are moving to the area, that's why rents are going through the roof. So for the people expecting Vegas to be ground zero for the next recession and the same housing meltdown I think they are going to be very disappointed.

[Vic Romano]

Originally Posted by Commander666

And the party of baseless hate has spoken again. Hate baby, hate.

Please. It goes both ways. Your response shows that.

[Commander666]

Originally Posted by Vic Romano

Please. It goes both ways. Your response shows that.

For calling out someone for what they are? Just like this constant cry of racism, guess who the real racists are, the ones crying it out.

[Commander666]

Obama has divided this country to the point of no return. Just exactly what he wanted to do.

[Commander666]

https://www.investors.com/politics/e...cession-trump/. Hate baby, hate.

[Commander666]

President Trump said it best the other day in New Hampshire, "you may not like me, but you gotta vote for me".

[Dangerous Dave]

Originally Posted by luckydogg

Based on what? The yield curve? The bond market alone doesn't make a recession, the economy itself needs to tank which isn't happening. You're a real estate agent? Are you seeing part time uber drivers and dog walkers buying multiple properties with zero down? I doubt it. That was the kind of insanity that caused the housing market to crash before.

Absolutely. Any talk of a recession is because the elites would like to see one happen. In general, the economy is doing fine, but stay tuned for hearing how bad things are around October of 2020.

Housing market is still doing fine, and I think we learned a lot from 2007-8. You don't see people cashing in equity to go buy a new H2 with a jet boat behind it, nor are we seeing guys working at Walmart breaking tires for $15/hr buying $400k houses on 125% mortgages so they can go buy $10k living room sets.

[Cold Warrior]

Originally Posted by RationalExpectations

See post #11.

Too dry? Every economic indicator will go up AND down in the long term.

[Svoboda]

Originally Posted by Commander666

And the party of baseless hate has spoken again. Hate baby, hate.

Baseless? I follow him on Twitter. This is from our President's thumbs to our eyeballs.

https://twitter.com/realDonaldTrump/...19408202584064

https://twitter.com/realDonaldTrump/...19409804808193

There are the Tweets in succession where he blames the Fed and don't take ownership. Sidebar, who appointed the guy he is claiming is incompetent. I'll hang up and listen.

[Svoboda]

Originally Posted by airics

so you are for socialism?

Is that supposed to be different from the system we already have?

What do you call bailing out banks, automakers, farmers and many other industries while giving them massive tax cuts at every turn to boot? That sure as hell isn't capitalism.