Quote of the Day

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“Do not go and take that money and have fleet feet and go on vacation or go to Las Vegas or Atlantic City.” — Suze Orman, on what you should do with your tax refund. I wonder if she’ll get pilloried for that remark, particularly with consumers taking a more cautious approach to gambling. (So much for that Wall Street shibboleth, “pent-up demand.”) However, the money quote in that Los Angeles Times story is “tourists said they spent more on food, shopping, sightseeing and hotel rooms in 2011 than in 2010.” The more that restaurants, retail and rooms are profit centers, the less money that will trickle down to the casino floor.

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