11-18-2017, 09:54 PM
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#14
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Registered User
Join Date: Jan 2006
Posts: 28,569
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Quote:
Originally Posted by Parkview_Pirate
Equating stock prices to the economy is hardly conclusive. What you can determine is the Fed's <PRINT> button is working, and that's about all.
There are numerous indications that we've reached "peak gambling", as some casinos, lotteries and poker venues are now reporting stagnating or declining revenue. There's probably still some room for growth in certain areas, as fantasy sports and online gaming becomes more common. And of course, if sports wagering was legalized in more venues, you'd see a mini-boom.
But, if you don't think disposable income is shrinking, especially for those in the lower classes (say, the workers who less than $1K in savings), then you're not paying attention.
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But history suggests that gambling is immune to the ills of the economic downturns. Our game supposedly retained its business even during the Great Depression.
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"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
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