discussion comment
2 years ago
I lived in LA, near the beach, in the 70s. It was heaven.
No longer.
discussion comment
2 years ago
Prescott
The real estate correction in Arizona has begun. The number of homes on the market is up 60% in Phoenix. I believe the predictions of a 30% correction in price, with rural areas being bigger ( thanks to gas prices ). Give it a year and find a bargain.
discussion comment
2 years ago
“even without Obamacare”
I just read that Obamacare premiums are going up over 50%.
review comment
2 years ago
The baked potatoes were great.
review comment
2 years ago
My standard for reviewing clubs is whether it includes new information that will either help decide whether the club is worthwhile, or improve my experience when I do. I see little value in reviews that include a checklist of information that have already been covered in prior reviews.
review comment
2 years ago
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Hank MoodyI'm fine. I'm disgusted with my life and myself, but I'm not unhappy about that.
I was there Tuesday afternoon. An unmarked police car was in the parking lot. He followed me for a couple blocks when I left. Probably part of the Memorial weekend DUI task force.
discussion comment
2 years ago
If successful, I suspect it will not benefit customers, club owners, or the majority of dancers.
discussion comment
2 years ago
If inflation caused you to change or cancel your vacation, I don’t think anyone decided to spend more money.
The point is, people are reacting to inflation. They are spending less on non essentials. This survey is just further proof of that.
How bad will this get ? No one knows.
discussion comment
2 years ago
A new survey reveals that clear majorities of American families, concerned about the rising costs of inflation, are being forced to cancel their summer vacation plans.
According to The Center Square, the poll from Echelon Insights shows that “75% of parents say they are concerned about the rising cost of everyday purchases like food or gas.” Inflation has reached new highs not seen in over 40 years, affecting the costs of everything from gasoline to groceries.
The survey also asked if inflation has “caused you to change any of your plans for what your children will do this summer?” Of the respondents, 57 percent said yes, while just 37 percent said no. In addition, 51 percent of families said that they ultimately “changed or canceled plans for a family trip,” with another 41 percent saying that they “changed or canceled activities for my children like camp or extracurricular activities” due to inflation.
discussion comment
2 years ago
“You'd rather see them benefit from tax dollars than the average American.”
1. No, I wouldn’t.
2. Let’s not forget that allowing people and companies to keep some of the money they earned is not a government handout. It’s not the governments money.
discussion comment
2 years ago
“ If I was an investor, I would stay far away if I found out that were the case. “
Like the restaurant in Goodfellas. RIP Ray Liotta.
discussion comment
2 years ago
“I strongly disagree that conventional theory doesn’t apply.“
Conventional investment theory says you invest in things that are expected to make you the most money. My claim is some businesses are purchased for reasons other than this.
Just what exactly is it you disagree with ?
discussion comment
2 years ago
“Most Americans……”
I think what you really mean is “ Americans like me who want the government to pay our bills”
discussion comment
2 years ago
There are some businesses where the owner gets non-financial benefit from ownership. Strip clubs. Professional sports franchises. Entertainment industry. Space X. Restaurants. Newspapers.
Conventional investment theory doesn’t apply.
discussion comment
2 years ago
“People would welcome price controls. Just like they welcomed child credits stimulus checks expanded ui eviction moratoriums“
Do you want to know how inflation reached double digits ? This. Spending trillions that the government doesn’t have. Then, intervening to benefit one class of people ( people who don’t pay their bills ) over another ( landlords ). That’s how you fuck up an economy.
discussion comment
2 years ago
“It is extremely difficult to open a new strip club in most cities.“
That’s the way it was with taxi cab medallions……until Uber disrupted everything.
discussion comment
2 years ago
A Twitter user asked Elon Musk, "Do you still think we're approaching a recession?"
"Yes, but this is actually a good thing," the Tesla CEO responded. "It has been raining money on fools for too long. Some bankruptcies need to happen."
discussion comment
2 years ago
Economic cycles squeeze inefficient companies with outdated business models out of business. When things get better, that capacity is rebuilt but not in the same way. If we lose half our strip clubs, something will eventually replace them. I just don’t know with what.
I think that’s what PSD was saying.
discussion comment
2 years ago
I attended my congressman’s town hall many years ago. Everyone in the room was Republican.
Most comments from the constituents were a variation on:
“ We need to cut government spending but don’t cut the programs that benefit me”
That, my friends, explains why we are in deep shit”
discussion comment
2 years ago
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rickduganVerified and Certifiable Super-Reviewer
Clubs and dancers that adapt to the new economic environment will make it through the next 2 or 3 years.
Fewer customers. The average customer will be older and wealthier. More daytime, less night time. More spending time with favorites, less shopping around. More conversation and less wanna dance. More dollars spent per encounter and an expectation for more intimacy.
The best dancer strategy, as always, will be to build a base of regulars.
discussion comment
2 years ago
The current federal debt is equal to $210,000 for every taxpayer. If interest reaches 10%, the first $21,000 of taxes you pay every year simply covers the interest for that year.
The federal budget for this year, excluding interest payment on debt, is $5.7 Trillion ( over half that is for Social Security and Medicare ). That works out to $40,000 for every taxpayer. The actual revenue the government takes in from individual and business taxes is under $30,000 per taxpayer. The printing presses cover the shortfall.
That’s the financial obligation we have for the rest of our lives. About $60,000 per year.
That’s why we have inflation. We are essentially making the minimum payment on our credit card while we go on a spending spree.
discussion comment
2 years ago
Well said Doc. I’m afraid you may be right.
discussion comment
2 years ago
The Tech industry ( also known as the industry where no one cared about profits ) is pulling back and laying off people. Other sectors of the economy will follow.
We are in a recession right now. It’s impossible to know how deep it will go and how bad inflation will get. There are so many actions by the Fed, the Federal government, Russia, China, Ukraine, etc that will influence our future.
As Harold McMillan said what worried him as Prime Minister. “ Events,dear boy, events”.
discussion comment
2 years ago
Walmart and Target, among others, have recently reported on quarterly earning. No, their revenue didn’t fall off a cliff. It was the mix of sales that spooked the market. Essential goods are still selling but non-essential goods are not. Best Buy was a good example of this.
Consumers delaying non-essential purchases is associated with recession.
discussion comment
2 years ago
It’s reached a point where most economists in media are really political operatives.