Sin City Super Bowl; What Could Go Wrong?

Bad acting may not just happen in the betting universe. Fox announcer Joe Buck, who is not doing the Super Bowl play-by-play said on “The Opening Drive,” co-hosted by Randy Karraker and Brooke Grimsley on 101 ESPN in St. Louis that he would not be coming to town.  “There’s gonna be a big something that happens. I don’t know what it is. I have no idea. That is going to be a mess, in my mind.”    

Swiftian Economics Super Bowl

Speaking of business, Ms. Swift will do hers–performing a concert in Tokyo on the 10th– and then fly to Las Vegas for the Super Bowl on the 11th. The game is projected to break all TV viewership records and with the increased female interest in seeing a gushing, cheering Swift and at least one tight end, the roster of advertisers will be a little different.  Beauty brands Dove, e.l.f. eyes lips face, and NYX Professional Makeup have purchased what every year is the most expensive ad time in the world. 

Will Parlay Betting Crash the Housing Market?

Whitney’s claim is the housing market is in trouble because 74% of homes are owned by people over 50 and they won’t have anyone to sell to because family formation is dropping because young men are on their phones betting parlays on sporting events instead of..well..forming families, or practicing said formation.

WTF1

But, a guy who is by now an old Vegas wiseman, Donny Osmond, probably has it right about the Grand Prix,  "The traffic has been horrendous...But the locals, eventually, are going to embrace this thing completely."

Short Memories in Crypto

“It’s always gonna be this” way, said Zaheer Ebtikar, founder of crypto fund Split Capital. “People can’t help it. [Crypto] is literally the most FOMO [fear of missing out] industry ever.” Ever? Ebtikar wasn’t around for tulipmania.

Banking Stress, What Banking Stress?

A few minutes later Simon Rabinovitch with The Economist, threw this curveball at Powell.  “Quick follow up to the question about banking stresses. You talked about how the banking system is resilient. Of course, part of the resilience of the past year stems from the Bank Term Funding Program that you launched in March.

The ESG Hustle

Carson Block is the founder of Muddy Waters LLC. His firm is shorting solar firm Sunrun, Inc. (for the second time)  as a part of a short theme he calls the “ESG hustle.” When he released his first report on Sunrun, in July 2022, he included in the title that ESG stands for “Everybody Screws the Government.”

Number Go Up

“This Is The story of the greatest financial mania the world has ever seen.” Those are strong words and having done some work studying financial manias and living through one, Faux’s statement may be hyperbole. But, then again, the crypto story may not be over. More booms and busts may follow.     

Janet Yellen Needs to Brush Up on Her ABCT

“I am feeling very good about that prediction,” Treasury Secretary Janet Yellen told Bloomberg when asked whether the U.S. would avoid a recession while still containing inflation. Yet, commercial bankruptcies increased nearly 17% in August compared to July, reports Fortune.com, marking the 13th consecutive month that total bankruptcies, including families and individuals, have logged year-over-year increases, according to the American Bankruptcy Institute.