Friday Night Videos: Inflation or Deflation; Lost Vegas
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It's time for some lighthearted fun as well as a more serious video about Las Vegas.
Inflation or Deflation?
Lost Vegas
During the boom years, no place in America boomed more than Las Vegas. But when the economy collapsed, Vegas fell hard. Laura Ling tours the wreckage of Sin City, from unemployed strippers and half-built, abandoned casino projects, to hospitals turning away cancer patients and ambulances, to one of the few remaining boom industries--evicting people.
The forced "no notice" evictions in the Lost Vegas video are very disturbing. If someone is not paying the mortgage on their property and is evicted I have little sympathy. However, the video shows multiple instances of "no notice evictions" as many as 13 a day, that give renters as little as 20 minutes to leave with nowhere to go and no place to put their belongings, even if they are current on their rent.
This is theft in my opinion, and I am quite sure the practice is not limited to Las Vegas.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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