A Couple of Anecdotes Supporting Our U.S. Investment Strategy

Disneyland is booked solid from now until Christmas.  Disney hotels are sold out or charging $500++ per night.  This is the ultimate in consumer discretionary spending.


A gambler friend has informed me that Vegas has reduced the payout on Black Jack tables to 6/5 on Black Jack versus the historical 3/2.  It has also reduced Craps table bets to only allow players to push their numbers bets twice during a roll.  Clearly there is so much discretionary cash rolling around in Vegas, the casinos are able to squeeze the gamblers even more.


Neither of these examples happen in a recessionary environment.


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