Macau bubble has burst: Wells Fargo

Many believe Macau posts stunning revenue numbers because Chinese love to gamble or want to get their money out of the mainland. But Wells Fargo Securities suggests a bubble fueled Macau’s meteoric growth and its deflation is behind Macau’s current woes.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at; follow him on Facebook and Twitter @MuhammadCohen.