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Casino Stocks: The One Sin Stock You Should Be Betting On
Casino stocks have been more than down on their luck lately. In fact, they’ve been on the ropes more than one of their prizefighting boxers. And it’s no wonder.
The recession has hit consumers hard. And many have cut their spending, doling out their dollars for the necessities: food, shelter, clothing and gasoline – but little else.
To say business has been bad doesn’t really capture the scope of the damage.
- It’s easy to see the effects on casinos – the top dogs in most markets – and we don’t always notice the impact to the rest of the food chain.
- Restaurants…
Inside Wall Street: The Real Reasons the U.S. Banking System Lost its Way
Unlike Dorothy in “The Wizard of Oz,” the brutalized U.S. banking system will never again return to that comfortable, cozy, and cushy capital place it once happily referred to as “home.” But its “Wicked Witch” was its own greed. The curtain has finally been pulled back on the machinery, and the hot air used to pump up the U.S. banking system’s version of the Emerald City in the Land of Oz.
For decades, American banks operated on a simple – and nicely profitable – business model: They took in deposits and lent out money.
In the simplest model, a bank might take…
10Jul2008 | Money Morning | Comments Off | Continued
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