Amberger began his career as a freelance contributor to Agora publications before emigrating from Germany to the United States in 1989, when he joined the editorial board of Taipan. In 1991, he took over as managing editor for the publication and assumed responsibility as group publisher four years later. In 2007 Christoph left Taipan and founded Today's Financial News.
Two years ago, the pundits were agog over the prospects of the former Portuguese enclave of Macau. Fueled by fast-earned money burning a whole into the collective pockets of the nouveau riche Chinese middle class, Macau surpassed the Las Vegas Strip as the world’s most lucrative casino market. But growth has stalled… not just in Macau but everywhere businesses depended on drunk sales reps blowing little Pugsley’s college fund at the blackjack table during a convention.
To stay in Vegas, you’d have to get to Vegas. And that costs money no-one is willing to spend right now. Accordingly, the supposedly recession-resistant vice stocks are taking it on the chin. Just yesterday [Thursday], we claimed our own 25% short profits share from the collapse of Las…
For those of you who could do with some profits in this mess of a market, it’s as good a time as any to cover our short positions on Las Vegas Sands Corp. (NYSE:LVS). I had updated you on this November 19th.
J. Christoph Amberger says the casino industry is following the automaker sector into deep water. He says Las Vegas Sands Corp. (NYSE:LVS) stock is likely to keep on sinking as access to credit dries up. Short traders have a chance to make 20-30% gains by Christmas.
Home construction maven Toll Brothers Inc. (NYSE:TOL) joined the choir of the footsore and cash-starved today by calling on government to make it all better. According to CEO Robert Toll, the U.S. government needs to “aid” the housing market, primarily by propping up home values.
US jobless rate rose to 6.5% in October, the highest rate since March 1994. In the last three months alone, 651,000 jobs were cut. J. Cristoph Amberger says this is only going to get worse as more firms are forced to cut costs. He expects double-digit unemployment by January, rising to 15% by April.
This from Today’s Financial News:
I received a bunch of emails today from people who run businesses. Some are doctors. Other run construction companies or retail businesses. One doctor wrote: “I do have 18 non-physician employees in my practice. We partners plan to have a meeting before the end of the year, and decide the 2-3 employees that will have to be eliminated. Obama’s help for the middle class…
If you had the opportunity to visit a German city over the past decade and a half, I bet you’d have noticed it, too: The thickets of bicycles leaning, standing, interweaving in front of schools and places of business.
You’d have to look hard for a bright racing bike, or the Hummer-like overkill of the mountain bikes my boys like to ride. Most are “Holland bikes”… boring, black, unadorned tubular donkeys with wire baskets to carry a half gallon of milk, three yoghurts and some frou-frou vegetables from the supermarket to an immaculate 2-bedroom apartment with balkony overlooking the pedestrian zone and a purgatory of multi-colored garbage cans to sort wheat from chaff, paper from plastic, glass from household waste… and…
Canada’s resource-rich economy is feeling the strain of tumbling commodity prices and falling demand in the US. And that’s bad news for the Canadian dollar. J. Christoph Amberger says the days of parity with the US dollar are long gone. He thinks it’s time to short the loonie.
J. Christoph Amberger says investors should brace themselves for more market volatility in the coming months. Institutional investors like hedge funds are using every rally to liquidate more assets and take short-term profits off the table.
Gold and oil are in a downward spiral, says J. Christoph Amberger. He says there is still considerable downside potential for both assets. But there is a way to make huge profits from gold’s decline.