Sorry JT,
I didn't mean to put a negative spin on Reno. It's a beautiful area, with a lot to do outside of the casinos. I was just pointing out that I didn't think gaming was immune to the downturn. I agree with you about Las Vegas. I talked to a friend today who had just returned from the big gaming trade show in Las Vegas. He said the show was down from 60,000 attendance last year to 20,000 this year.
I have tried to refrain from commenting too much on here, as I thought my view of the next few years was too negative. From other folk's comments, I guess I'm not the only one with these feelings.
Casey, I agree with your points. Regarding #7, a couple of weeks ago I heard a young woman interviewing an oldster in his 90's who was a teenager during the Depression. After he told how his community handled the bank shutdown, she said "what do you think will happen if we have another Depression." He laughed and said "Everyone will move back home, just like they did the last time." Most of us with grown children or relatives with financial problems probably should be prepared.
Lyle
I didn't mean to put a negative spin on Reno. It's a beautiful area, with a lot to do outside of the casinos. I was just pointing out that I didn't think gaming was immune to the downturn. I agree with you about Las Vegas. I talked to a friend today who had just returned from the big gaming trade show in Las Vegas. He said the show was down from 60,000 attendance last year to 20,000 this year.
I have tried to refrain from commenting too much on here, as I thought my view of the next few years was too negative. From other folk's comments, I guess I'm not the only one with these feelings.
Casey, I agree with your points. Regarding #7, a couple of weeks ago I heard a young woman interviewing an oldster in his 90's who was a teenager during the Depression. After he told how his community handled the bank shutdown, she said "what do you think will happen if we have another Depression." He laughed and said "Everyone will move back home, just like they did the last time." Most of us with grown children or relatives with financial problems probably should be prepared.
Lyle