NVDL: One of the reasons Las Vegas is now giving away rooms to keep the roulette wheels turning is because fewer people can afford to drive across the desert with gas prices where they are (let alone drive back).
I have already speculated on this website that las Vegas (and Phoenix) will disappear entirely off the map. I mean the city will be a ghost town, defunct, gone.
Others disagree with me, like this guy: "I'm betting that Las Vegas will continue to grow over time," said Keith Schwer, director of business and economic research at the University of Nevada, Las Vegas.
Er...I wonder when we can start calling all the writer's who talked up the economy and dismissed words like 'recession', 'inflation' and housing market crisis. There were a lot of people very confident about the prospects of the economy. Because they wanted to be. Even magazines like Time and newspapers like FT have been blindsided by oil prices and the housing burn.
Meanwhile, blogs like mine, guys like Jim Kunstler, community sites like The Oil Drum, almost all entirely unfunded, predicted everything. In fact, we've all been suprised its taken this long. Here's a headsup: the trouble is going to get a LOT worse. Why? because we refuse to listen, we refuse to change our living or working arrangements. Our consumption continues unabated. Until any of these areas change in fundamental ways, trouble will continue to brew, and the pain will gain momentum. Well, it is.
I have already speculated on this website that las Vegas (and Phoenix) will disappear entirely off the map. I mean the city will be a ghost town, defunct, gone.
Others disagree with me, like this guy: "I'm betting that Las Vegas will continue to grow over time," said Keith Schwer, director of business and economic research at the University of Nevada, Las Vegas.
Er...I wonder when we can start calling all the writer's who talked up the economy and dismissed words like 'recession', 'inflation' and housing market crisis. There were a lot of people very confident about the prospects of the economy. Because they wanted to be. Even magazines like Time and newspapers like FT have been blindsided by oil prices and the housing burn.
Meanwhile, blogs like mine, guys like Jim Kunstler, community sites like The Oil Drum, almost all entirely unfunded, predicted everything. In fact, we've all been suprised its taken this long. Here's a headsup: the trouble is going to get a LOT worse. Why? because we refuse to listen, we refuse to change our living or working arrangements. Our consumption continues unabated. Until any of these areas change in fundamental ways, trouble will continue to brew, and the pain will gain momentum. Well, it is.
 clipped from www.msnbc.msn.com
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1 comment:
I hear you on the gas prices. Would love to get to LV!
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