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Nevada

One way to grow the economy

The revised GDP numbers for the first quarter came out last week and were a tad disappointing. Gross Domestic Product (GDP) receded at a -2.9 percent annual rate. That was the sharpest drop in five years and has been blamed on the record cold winter in many parts of the country. Unfortunately, the Tahoe region didn’t partake in the harsh winter that the East Coast had. We were warm and …Read More

Difference between golf balls, electric cars

You may be wondering what the difference is between a golf ball and an electric car. The answer is simple: You can drive a golf ball a lot farther, at least 200 yards or so. One of the drawbacks to owning an electric vehicle has been the range that it can be driven before it has to be re-charged. Car makers have been improving the range recently. According to the …Read More

High-frequency trading revisited

Stock trading has evolved considerably since the original Buttonwood Agreement was first signed back in 1792 and 24 stockbrokers met outdoors on Wall Street under a buttonwood tree. The advent of the Internet and electronic trading has really advanced trading execution and the flow of information. Back in September, I wrote an article about high frequency trading, referred to as “HFT.” Since the publication of Michael Lewis’s book, “Flash Boys,” …Read More

Market Beat: An update on gaming

The Nevada Gaming Control Board recently released revenue numbers for the month of February. Gaming revenue in the state dropped by 13.7 percent in February compared to 2013. Statewide, casinos took in $926 million. Revenue from the Las Vegas strip was $555.7 million, which was a 20.2 percent drop from February 2013. The take for Washoe County casinos dropped slightly, by 1.41 percent to $58.7 million. Casinos at North Lake …Read More

What’s Inflation? It Depends on the Definition

One of today’s economic myths is that the money that the Federal Reserve has created through its quantitative easing programs has not found its way into the money supply, and, as a result, no significant inflation has occurred. The theory is that QE has only resulted in bank reserve creation, but little new money. Money and Banking 101 takes students through the “money multiplier” concept, where $1 of excess reserves …Read More

Nevada must join ranks of business-savvy states

I was quite surprised when I got up last Tuesday to find that all of my utilities were working, including TV; my trash had been picked up; and, when I drove to work, the traffic lights were operating, the schools were open and I even spotted a couple of local police patrol cars. It appeared to be a normal Tuesday morning.Well, I wasn’t really surprised. But I would have been …Read More