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Actually, its a well publicized fact that air traffic is down 10% at McCarran. Sorry to have to refute. Anecdotally, and from personal experience, 8pm on a saturday night - walked into one of the five star restaurants on the strip. No reservations. 15 minute wait while a table was made...

China on the cheap soon....

$253 a square foot? I mean, what are the comps? Should charge extra for waterfront, mineral rights, oil rights, etc...

I keep thinking back to something I read many years ago which was a scenario talking about the first stages of a currency crisis. Started off with USD being repatriated & temporarily strengthening. Only after that did the dollar dis-integrate. Not sure that isn't the case here. Time...

America has been overstored for years. Distribution networks have gotten to the point where they take the exact same item, and give it three different price points - one for the low end, one for the middle end, and one for the high end - but its the exact same product. Fine when you are lazy...

Thoughts: 1. Guaranteeing loan losses from failed MBS and CDO's. 700b might be the better deal there. 2. Tax breaks - needs to have something in there to assure it would be SPENT by US businesses within the US! Perhaps employment? 3. Suspend Mark to Market - this has been discussed...

from cnbc: http://www.cnbc.com/id/26962690 <snip> Components of the alternative plan including the following, according to sources: * Require the Treasury Department to guarantee, at up to 100 percent, bank losses resulting from failed mortgage-backed securities originated prior to...

Yes, this has also occurred to me too. Also, Palladium at these levels may not be extractable. Then again, perhaps there may not be sufficient demand for quite some time.... Unfortunately, I've been burned there before.

Got an angry email from a member inferring I was posting to negatively influence... whatever. For the record, I am planning on opening an account with TOS once the current craziness subsides. Original post was simply an honest inquiry, that's all.

Its fine if treasury acts to create 'price discovery'. Problem is WHERE they discover the price. They will invariably mark these too high to their actual value, bailing out the banks and saddling the taxpayers with assets that NEVER will reach anything close to what was paid for them...

Well, gosh! That sure was fortituous timing!

WWJD = What would Jim Do?

Yeah. 5% of my portfolio on gold & gold stocks. A real goldbug. 7:1 leverage, sure. 40:1 leverage - forget it. I'm not going to disparage you, but you and I have very different opinions on this matter. You can feel free to place me on ignore if you feel it helps you think more...

Because Gross uses panics like this to buy distressed assets at bargain prices - just like any good money manager/value investor does. Unlike you or I though, he does so in big size because he knows he has a line direct to washington and the public's opinion as the country's largest bond...

No, my thinking is sound. Your belief that the system can continue in this manner with ever-increasing leverage from continued credit creation is unsustainable. Consider the outrageous sums needed to be infused into the market lately just to keep it limping along! This is your definition of...

Well, if the credit markets 'sieze', but there are still people with cash out there (what people are holding their assets in for the most part), then some enterprising soul will come up with a mechanism to connect the two and in doing so, 1) make a profit and 2) maintain these people's jobs...

If we have any luck someone in the next admin will. Oh, sorry - he's not well connected enough politically and doesn't work for GS.

Well boys, it looks like we lost this round.

Thinking about moving a few of my smaller accounts to Think or Swim in order to diversify risk among brokers besides IB. Called up and asked about 'financial stability' got the 'Check our SEC filings line.' $200 mio USD with a large credit facility with Chase and positive earnings make it look...