Not to fear. Yes, I talked about the past seven years of casinos in Vegas Seven this week. Yes, I began with a scenario from the book of Exodus. But no, I have not abandoned talking about gambling for a career in Biblical exegesis. This was just my way of trying to think more deeply about what the last seven years mean:
…this hasn’t turned into a soul-seeking tract. I only want to remind you how deep the idea of economic cycles runs in us. We understand that there will be good years and bad years, and that if we fail to plan ahead, the bad years will be tragic. If Biblical wisdom doesn’t do that for you, next time I’ll talk about Kondratiev waves.
So it all seems good, but I’m not content to say “the Recession is over!” and leave it at that. As I discuss towards the end of the article, there is some evidence building that more fees has slowed or even halted revenue growth in other areas. It’s not a concern this quarter, but someday, it might be.