What does a 259% increase in Baccarat gambling have to do with the price of tea in China?
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Joined Nov 10, 2007
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Panamaorange wins!!
Also, baccarat is the lowest margin tavle game aka ” sell the casinos soon.”
“There’s no margin in baccarat.”
— Bond, James Bond’s Accountant.
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None. You got another one. 🙂
The Chinese have too much cash — speculation in everything from tea to the baccarat table.
259% jump in baccarat in Vegas, thanks to China. That’s the easy part. What is the hard part?
The inverse of SGG …… ?
Baccarat, you always bet on the banker?
The hard part is figuring out why anyone would want to play Baccarat. That game is boring.
Resurgance in Bond movies?
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When you’re gambling your ass off 24/7…… we all need our beverage of choice! Mine is vodka/red bull, but hey….different strokes for different slanty eyed folks!
Wealthy Chinese gamblers prefer to play in private rooms/salons, play non-stop marathon sessions, and don’t drink alcohol playing cards, instead drinking a lot of tea.
They will piss in their pants before they leave the table no joke
Chinese people drink tea when they gamble……more gambling more tea drinking you do the math…….
Asian gamblers, flush with cash, have caused revenue on The Strip to increase 14% according to the Nevada Gaming board. Baccarat, the game favored by high “lollels” fattened the tills of the casinos by roughly 17 basis points, or a 40oz. Circus-Circus filet for a fat fuck. With the degenerate Chinese no longer saving and spending in their piece of shit country where the GDP per capita is wooden pennies on the dollar, they are coming to America effectively setting a base for the revenue streams in a degenerate town where income/property/sales taxes have depleted rapidly over the duration of the credit crisis. If one were to extrapolate these events to other cities in America like Philadelphia, where they are creating casinos, one would surmise that as US currency held by our symbiotic counterparts becomes repatriated, our consumer price indices will reflate and a favorable currency swap between the USD/CNY along with accusations of currency manipulation (and subsequent floating of the yuan) portends a heavily inflationary environment for the newly anointed spendthrift sinOTB guys in their bullshit county, thus making the price of tea egregious for the local rickshaw owner.
The Chinese New Year!
I’ve been buying tulips. They have been depressed for a long time and I think they are ready to run.
I’ve cornered the tulip bulb market … ever hear of “perishable”?
No, I have to get some of those. What color are the perishables
Where is Bones, I need to replace some piker clients………
First step, change your name to $2mm min.
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Bones is likely in a business conf call right now with some of his hong kong associates.
Coming soon.
http://caracommunity.com/content/bill-cara%E2%80%99s-blog-april-6-2010-see-post-close-report
Yesterday’s gap drop in the TLT represented a break-down. The Daily RSI-7 is now at 25.2, so this market is over-sold, but it could go much more to the downside before bouncing. It’s that bounce that will whack equities as hot money flows back into bonds from equities. One of these hits to equities will likely be the big one, and that’s what equity bulls have to be watching for.
Fly- Do you have anymore stories from the good old days…..brokers telling branch mangers to fuck themselves while wearing jerseys and gold chains?
Got more stories than Petronas:
http://ibankcoin.com/flyblog/2009/05/03/ghetto-fabulous/
that’s the one… any more classics to tell?
I will pen new ones soon
one of my favorite bed time stories
Ghetto’s manager should have been fired for mis-managing & loosing a guy who did the work of 10 people.
What ever happened to the Tale’s of Rotesqueries? I was beginning to enjoy that.
SOLVED.
Follow me to my glenn beck whiteboard…………….
Green tea contains Theophylline—a chemical that produces an altered mental state
http://eatmoreherbs.com/zine/green_tea.html
The communist plan is entering its final stages. Soon, VERY SOON—all of us will be drooling onto our large fluorescent bowties, and buying empty malls in beijing—just like jim rogers
http://www.youtube.com/watch?v=N1KvgtEnABY
> Gambling + > Alcohol Consumption = < Tea Demand + < Sugar = Lower Tea & Sugar Prices
whats the iBC’s iphone ranking?
Are there problems on jakes site? Cannot read comments on jakes site.
What are you using? An iPhone? I have no trouble as of right now.
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A floating yuan.
Yea, an iphone. It dumps me out as soon as I try to look at your blogs
There is a problem with comments in the latest version of iBC on the iPhone. Testing a fix now. Should have a new version submitted today and available next week.
Rand, are you on the latest version of the app? If so, go to the Support page in the settings and use the form to send us an email. Id like to follow up with you and make sure we have everything working.
Yea, this version kinda buggy. Cant read jakes site.
Watch TXN,MU,SNDK,AMAT,KLAC,SMH, etc. for moves up.
ABK now up over 80+% since last night.
Crayzeeeee!
TLT…………..Boom, roasted!
Degenerate Chinese gambling fools like to roll green tea into a joint and smoke that shit before they dice roll.
It builds character.
MIG Macau is God
Chinese smoke cactus cigs … see CKGT
Yippeeee….. got my 40. Did you collect yours?
Tieguanyin demand and prices…..they are blowing their money at the tables and their teacups.
Market is like a broken vending machine…..where snicker bars are in unlimited supply.
Look for upside surprise in Sugar.
The VIX is at lows that haven’t been touched since the highs of 2007 and 2008. The market has been up 32 of the past 44 sessions when the DJIA hit a relative low on 2/5/10. It’s closed near its lows only 5 times!
I may have to get rid of my ANF short today if it breaks above $49. The shit is just irrational. It’s up nearly 9% from yesterday’s low on the news that their SSS increase of 5% MISSED expectations. Not to mention revolving consumer credit dropped 13% in February. I guess everyone is excited to go out and wear 8 pink polo shirts at the same time this Summer.