THE M3: JAPAN; ZAIA; CHINA LOANS

The Macau Metro Monitor, February 8, 2012

 

 

JAPAN'S OPPOSITION PARTY TO OK CASINO BILL "BY MARCH" Yogonet

According to Gaming Capital Management (GCM), Kenji Tamura, a senior member of the Democratic Party of Japan (DPJ), said, "A [DPJ] sub-committee on this issue has been set up last December, being set to commence activities soon. I heard that in the LDP (Liberal Democratic Party of Japan - Japan's main opposition party), their target is to approve the bill at the end of February or in March."

 

The news of the LDP’s expected backing, following ongoing internal party discussions, emerged after the first DPJ Casino Working Team consultation meeting of 2012 on the integrated resort plan.

 

Issei Koga from the DPJ and the chairman of an all-party group called the Diet Member Alliance for Promotion of Integrated Resort with Casinos (known by its abbreviated title IR Alliance) has indicated his intention to submit an all-party casino bill to the current session of Japan's parliament aka Diet at an appropriate time.

 

ZAIA ENDING 3-YEAR RUN AT VENETIAN MACAO THIS MONTH Macau Daily Times

ZAİA, Cirque du Soleil’s first resident show in Asia based in The Venetian Macao, is staging its final performance after a three year run.  Sands China and Cirque du Soleil announced yesterday that ZAİA, the stage production which has impressed its crowds since opening in August 2008, will be performed for the final time on February 19, 2012.

 

CHINA'S BIG FOUR BANKS MADE CNY320B NEW LOANS IN JANUARY China Securities Journal

China Securities Journal reported that new loans made by the whole banking industry for the month should be around CNY800B.  An industry source also says that due to fears of excessive bank credit, the People's Bank of China chose to maintain the required-reserve-ratio of the big banks.


Did the US Economy Just “Collapse”? "Worst Personal Spending Since 2009"?

This is a brief note written by Hedgeye U.S. Macro analyst Christian Drake on 4/28 dispelling media reporting that “US GDP collapses to 0.7%, the lowest number in three years with the worst personal spending since 2009.”

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7 Tweets Summing Up What You Need to Know About Today's GDP Report

"There's a tremendous opportunity to educate people in our profession on how GDP is stated and projected," Hedgeye CEO Keith McCullough wrote today. Here's everything you need to know about today's GDP report.

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Cartoon of the Day: Crash Test Bear

In the past six months, U.S. stock indices are up between +12% and +18%.

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GOLD: A Deep Dive on What’s Next with a Top Commodities Strategist

“If you saved in gold over the past 20 to 25 years rather than any currency anywhere in the world, gold has outperformed all these currencies,” says Stefan Wieler, Vice President of Goldmoney in this edition of Real Conversations.

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Exact Sciences Up +24% This Week... What's Next? | $EXAS

We remain long Exact Sciences in the Hedgeye Healthcare Position Monitor.

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Inside the Atlanta Fed's Flawed GDP Tracker

"The Atlanta Fed’s GDPNowcast model, while useful at amalgamating investor consensus on one singular GDP estimate for any given quarter, is certainly not the end-all-be-all of forecasting U.S. GDP," writes Hedgeye Senior Macro analyst Darius Dale.

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Cartoon of the Day: Acrophobia

"Most people who are making a ton of money right now are focused on growth companies seeing accelerations," Hedgeye CEO Keith McCullough wrote in today's Early Look. "That’s what happens in Quad 1."

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People's Bank of China Spins China’s Bad-Loan Data

PBoC Deputy Governor Yi says China's non-performing loan problem has “pretty much stabilized." "Yi is spinning. China’s bad-debt problem remains serious," write Benn Steil and Emma Smith, Council on Foreign Relations.

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UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'

“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."

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Buffalo Wild Wings: Complacency & Lack of Leadership (by Howard Penney)

"Buffalo Wild Wings has been plagued by complacency and a continued lack of adequate leadership," writes Hedgeye Restaurants analyst Howard Penney.

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Todd Jordan on Las Vegas Sands Earnings

"The quarter actually beat lowered expectations. Overall, the mass segment performed well although base mass lagging is a concern," writes Hedgeye Gaming, Lodging & Leisure analyst Todd Jordan on Las Vegas Sands.

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An Update on Defense Spending by Lt. Gen Emo Gardner

"Congress' FY17 omnibus appropriation will fully fund the Pentagon's original budget request plus $15B of its $30B supplemental request," writes Hedgeye Potomac Defense Policy analyst Lt. Gen Emerson "Emo" Gardner USMC Ret.

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