Paul B Farrell "another, bigger meltdown coming"

Question

good article from MarketWatch.com. pretty scary and unfortunately logical &#xD;&#xA;link: https://www.marketwatch.com/story/the-next-meltdown-is-coming-in-2012-2009-11-17

LeRinkRat · Answer

good article from MarketWatch.com. pretty scary and unfortunately logical &#xD;&#xA;link: https://www.marketwatch.com/story/the-next-meltdown-is-coming-in-2012-2009-11-17

wallstreetcappers · Answer

Hey Rat..Where you been?

LeRinkRat · Answer

really haven&#x27;t had much to say lately. been getting whipped around by the gamers and really can&#x27;t figure it lately. go long, they tank. go short, they run. got me "dazed and confused"&#xD;&#xA;tell you one thing, though. MPEL, which is supposed to be THE pure Macau play, looks like a ChiCom FRAUD to me. every recent rally gets hit.&#xD;&#xA;and I STILL can&#x27;t figure WHY any Vegas company would be at the levels their at esp MGM and BYD. I could give a damn about "City Center" because that&#x27;s just going to cannibalize the MGM Grand, Mirage, Bellagio and their other strip properties while BYD is only holding their head above water by massive cutbacks.&#xD;&#xA;I&#x27;m pretty sure 10% unemployment is going to be "the new normal" out here.

LeRinkRat · Answer

Oh, and BYD is underwater with their Echelon project. they stopped construction to try and save cash. some speculation out here it may NEVER get built.

LeRinkRat · Answer

this article on Friday 11-20....&#xD;&#xA;CityCenter could make -- or break -- Las Vegas&#xD;&#xA;ref: https://www.marketwatch.com/story/citycenter-could-make-or-break-las-vegas-2009-11-20&#xD;&#xA;I will book the "break". as it says early in the article, the MGM boss says it will "grow the market" BUT, as I said earlier in the thread, it will come at the expense of other MGM-Mirage properties.

Paul B Farrell "another, bigger meltdown coming"

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