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Old 04-23-2008, 07:05 PM   #1
Semi-Retired-Dave
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If ECONOMY is so Fucken Bad..What the hell is this all about???

Station Casinos owners Lorenzo Fertitta, left, and brother Frank explain their vision Tuesday for Viva, which, at $10 billion, would become the most expensive casino complex ever built.

http://www.lasvegassun.com/news/2008...st-being-best/
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Old 04-23-2008, 07:07 PM   #2
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Recession is never bad for everyone. Alot of people get rich during troubled economic times. Looks crazy though.
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Old 04-23-2008, 07:08 PM   #3
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because no matter what the fuck the economy does, the rich dont feel it.

sales of new cars are WAY down, but not for Lexus.
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Old 04-23-2008, 07:10 PM   #4
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Wow,that will be one hell of a complex.I guess people will always have enough to gamble with
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Old 04-23-2008, 07:10 PM   #5
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Fertitta = Legends

Those dudes bought the UFC at a discount for 2 Million USD - I think they have enough $$$ and profit to do that kinda crazy stuff these days

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Old 04-23-2008, 07:19 PM   #6
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because no matter what the fuck the economy does, the rich dont feel it.

sales of new cars are WAY down, but not for Lexus.
Lexus passenger cars reported March sales of 14,881 units, a decrease of 11.6 percent from March 2007.

Source: http://www.autospies.com/news/Toyota...own-6-9-28226/
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Old 04-23-2008, 07:23 PM   #7
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Damn, that looks fucking awesome.
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Old 04-23-2008, 07:27 PM   #8
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also they dont just figure today they are figuring years down the road.
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Old 04-23-2008, 07:29 PM   #9
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Don't come with dollars in Europe you will feel poor
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Old 04-23-2008, 07:32 PM   #10
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Leave it to the Fertitta's! Owners of UFC and a huge part of Vegas.
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Old 04-23-2008, 07:34 PM   #11
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My local Dodge dealer told me they are planning on marking the new Challenger $20k over MSRP.

I still have a 30 minute wait when I take people out to dinner during the week.

If there is a recession around here, it sure doesn't show . . . except I might get the detailer to knock $20 off when he does my car.
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Old 04-23-2008, 07:45 PM   #12
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Lexus passenger cars reported March sales of 14,881 units, a decrease of 11.6 percent from March 2007.

Source: **cant repost the URL, not enough posts yet**
see, this is what i get for taking a lexus salesman at his word.

usually i dont believe those dudes.

my bad.
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Old 04-23-2008, 07:52 PM   #13
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These guys are investing in the future. By the time thier Casino is built, we will have a new president/congress and uncle ben will have reduced inerest rate by another quarter percentage.
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Old 04-23-2008, 10:10 PM   #14
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Old 04-23-2008, 10:22 PM   #15
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because no matter what the fuck the economy does, the rich dont feel it.

sales of new cars are WAY down, but not for Lexus.
As already pointed out - Lexus is in the dumper. It's the high end stuff that isn't going down (and Lexus is anything but high end). Here's the point you were trying to make - There is a 3 year wait for a Convertible Rolls Royce Phantom. Tiffanys has seen +7% sales on jewelery over $100k, but has seen huge drops in sales in the $1k-$25k jewelery. The rich are feeling it. It's the Super rich that aren't.
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Old 04-23-2008, 10:40 PM   #16
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As already pointed out - Lexus is in the dumper. It's the high end stuff that isn't going down (and Lexus is anything but high end). Here's the point you were trying to make - There is a 3 year wait for a Convertible Rolls Royce Phantom. Tiffanys has seen +7% sales on jewelery over $100k, but has seen huge drops in sales in the $1k-$25k jewelery. The rich are feeling it. It's the Super rich that aren't.
Good point.
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Old 04-24-2008, 12:06 AM   #17
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Recessions are often worse in some areas compared to others. If you live in an smaller, less populated, area that is primarily blue collar workers and the local economy is dependent on these workers it could get hit bad. People lose their jobs and it has a direct effect on the local economy. If you live in a large city with a diversity of industry it may not have that much of an effect. It can also be almost local. For example the city I live in has a lot of houses for sale and the property values have actually gone down over the last 12 months (the first time in a long time that has happened) But you drive 30 minutes north of where I live and property values are still going up and the real estate market is great. That may change, but for now the suburb areas are getting hit and not the actual city they surround.

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Old 04-24-2008, 12:53 AM   #18
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Don't come with dollars in Europe you will feel poor
that´s a fact.....
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Old 04-24-2008, 12:54 AM   #19
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Im going to Mexico in 2 weeks, is that bad?
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Old 04-24-2008, 01:00 AM   #20
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They're super rich so they can gamble on building something like that and see it work (or fail) over the long term. Since the economy is weak, they can probably get reduced rates for construction too.
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Old 04-24-2008, 01:29 PM   #21
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Just insane!
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Old 04-24-2008, 01:35 PM   #22
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Just insane!
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Old 04-24-2008, 01:45 PM   #23
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Drinking and gambling go up during a recession. People need to escape.

You know.. Get stoopid...
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Old 04-24-2008, 01:47 PM   #24
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Old 04-24-2008, 02:05 PM   #25
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I heard the Fed increased the money supply -- but when I looked at my bank balance it was the same! What the hell is that all about???
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Old 04-24-2008, 02:08 PM   #26
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where's that refund we were promised? (That we will then have to pay back the next year...)
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Old 04-24-2008, 02:44 PM   #27
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where's that refund we were promised? (That we will then have to pay back the next year...)
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Old 04-24-2008, 03:11 PM   #28
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Recession is never bad for everyone. Alot of people get rich during troubled economic times. Looks crazy though.
good point
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