Here's How Bad Vegas Is - Don't Let the 'Green Shoot' Crowd Bullshit You

[milktruck]

ICSC is fucking awesome. Well, until some coked up broker hits you with a right hook for talking to his inter-office crush. The free drinks cushion the blow though, so its all good.

 

[ByLoSellHi]

Quote from Landis82:

Ahhh, looks like I struck a "nerve", eh?
Another poser on ET who doesn't trade.
You are one of the reasons why this website has gone totally down the tubes over the last year or two . . . cut and paste, cut and paste, cut and paste.

Shocker.

Wah Wah Wah!!!

I'm Landis!

I like to follow people around and tell them they're paid by Baron!

I'm so busy with my trading and profiteering, that I like to stalk about 43 people on ET and respond, worthlessly, in each thread they post!

Wah Wah Wah!

 

[ByLoSellHi]

Quote from milktruck:

ICSC is fucking awesome. Well, until some coked up broker hits you with a right hook for talking to his inter-office crush. The free drinks cushion the blow though, so its all good.

It was way better back when that shopping center REIT was throwing those intense parties at GVR, complete with erotic dancers (not really, but close enough), live, major rock bands playing, and fireworks to cap the night.

If you didn't have an invite, security was tighter than the White House.

I won't mention the name, because the guy that owned that REIT (essentially owned it all), has fallen on some very hard times, and was a hell of a nice guy, and a lot of his employees took advantage of him, big time.

 

[ivanbaj]

Quote from Clubber Lang:

Atlantic City NJ is packed. Went there 6 weeks ago and had to wait 40 minutes to get on a craps table.

Going again this weekend with friends. We booked a room 3 weeks ago, another guy tried to book this past week and they were sold out of rooms.

The "worst recession in 70 years" just isn't panning out in certain parts of the country. New York and New Jersey had a few slow months (September- March), but since then people are back spending money (not quite at pre-bust levels, but still pretty robust).

California, Nevada, Michigan, and some other rust belt states are hurting, but other areas are doing fine.

California is OK. Check this during rush hours: (bay Area)

http://video.dot.ca.gov/asx/N880at101.asx

 

[asiaprop]

The U.S. has a loooooong way to go to return to normalcy. You are exactly right. Normalcy is not measured in terms of how it has been before but in this particular example whether the skills needed (relative to other skills in other industries) deserve to be rewarded with 150k/annum. I argue clearly no and the same applies to any semi skilled labor (such as plumbers and other jobs on similar skill level) regardless of whether the job is in LA, in Minnesota, or Manhattan. Some have to come to accept the fact that a job that requires 6months - 1 year of training is not supposed to support an above average life style in central Manhattan. If it does its a clear sign to me that such salaries are still bloated.

Quote from Topsurfi:

I was in Vegas 2008 with my wife and kids.
I was really pissed by the prices and the mediocre quality of the restaurants there combined with really high prices.
Why on earth should a person that only serves FOOD deserve a 30Dollar tip just for bringing some plates and giving me a false smile and a little conversation ?
I am from Germany and I still can't get used to paying waiters sums like that just for moving some plates around, sorry.
So if they now earn less than 150k for me thats just a return to normality, nothing more.
Las Vegas was the mother of all bubbles so let it burst, just normal.

 

[milktruck]

Retail is all about having big tits or really liking big tits.

Edit: wait, I was thinking of something else, I might be too young for the GVR parties. The best ones were at the Palms when I went, I forget who threw them.

 

[asiaprop]

Lol, take no offense but what did your friend expect? Money thrown at her by a guy she met for the first time without sucking the dirty banana? Some women really surprise me, same expectations than a plumber or waiter who think they deserve 150k/annum. ;-)

Quote from peilthetraveler:

When i lived in Vegas 10 years ago I have a friend and she was a bus girl in Ceasars. The place if i remember right paid her min wage (which was 5.15 at the time) but she was pulling in 35k per year. At that time i remember her saying that the waiters that did banquets were making 100k. She had alot of stories about the whales that came in. One guy asked her to marry him and she thought he was joking so she said "wheres my ring" He went to the forum shops and bought a $40k ring for her. She didnt take it. Another guy offered to move her to South America somewhere with him and offered to pay for her schooling and give her anything she wanted if she would live with him. I asked her why she didnt do it and she said he was old and would probably want sex from her which she didnt want to give him.

I also knew some cocktail waitresses that pulling in quite a bit of money. At the stratosphere I knew a girl that brought in 500 per day on the weekends and about 200-300 per day during the week.

Some of the dealers at the casinos also made good money from whales. Kerry Packer came into the hilton one day. Dealers usually split tips and there are usually 100-200 dealers working per day. Anyway...he tipped so much one day that each dealer went home with 30k for that one day.

 

[Clubber Lang]

Quote from peilthetraveler:

Kerry Packer came into the hilton one day. Dealers usually split tips and there are usually 100-200 dealers working per day. Anyway...he tipped so much one day that each dealer went home with 30k for that one day.

Total bullshit.

100*30,000 = $3,000,000

200*30,000 = $6,000,000

Yeah, I'm sure they guy dropped 3-6 million in tips in one day.

LIE #1
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Quote from peilthetraveler:

She had alot of stories about the whales that came in. One guy asked her to marry him and she thought he was joking so she said "wheres my ring" He went to the forum shops and bought a $40k ring for her.

Sorry, not buying this bullshit either.

LIE #2

 

[asiaprop]

I did not respond because your last point made in your post was irrelevant to your argument. You simply do not know how to support your points. No need to call people names you rather want to invest the time to come up with your own arguments and not keep on blindly copying someone else's work.

Quote from ByLoSellHi:

Hey, imbecile, you never responded to my last point in your beloved China thread, wherein I pointed out that it took China 600 billion in stimulus to float an officially reported 7.9% GDP quarterly growth rate (a 1.8% bump from the prior quarter), and if exports don't pick up, how much of their 2 trillion in reserves they'll have to burn to keep propping up domestic consumption to compensate for tanking exports.

You China boot-licker.

 

[ByLoSellHi]

Quote from asiaprop:

I did not respond because your last point made in your post was irrelevant to your argument. You simply do not know how to support your points. No need to call people names you rather want to invest the time to come up with your own arguments and not keep on blindly copying someone else's work.

First, thanks for interjecting a point (from another thread) into this one.

Second, the point was not irrelevant, as it had to do with your general contention that China's economy is doing well on a secular growth basis, and I am rebutting your contention by opining that Chinese GDP grew marginally over last quarter, assuming the numbers being reported by the Chinese Central Bank are accurate, and on top of that, on the back of a stimulus package that China, by it's own calculation, amounts to roughly 28% of its national reserve.