Monday, November 24, 2014

What Happens in Vegas...

October 2, 2014
Las Vegas economic recovery called ‘steady, plodding’

“It’s very clear that there’s a very steady, fairly broad recovery underway in Las Vegas, and it’s distributed across a lot of industries,” Muro said. “Las Vegas is piling up a series of quarters of pretty decent performance.”

In fact, over the course of human history, there has never been a surer bet!

The following chart shows the coincident economic activity index for Nevada.

Click to enlarge.

Ignore the short-term commentary in blue! Ignore the long-term parabolic channel in red! Ignore how we fell out of it both to the downside and then whipsawed to the upside! This "sure thing" is very clear and very steady! Can't lose! Lever up, bitches!

Prosperity, baby (needs new shoes). That's what I'm talking about.

Please forgive my "bitches" comment. I got carried away in the post-apocalyptic desert wasteland euphoria.

Source Data:
St. Louis Fed: Custom Chart

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