What is closing is longstanding repair shops for machine tools, carbide saws, etc., in other words productive businesses that are part of 'making things', 'producing wealth'. These are dying, being replaced by bars, restaurants and all manner of pure consumption oriented businesses. And why would that be? The 'stimulus' is the Gov borrowing gigatons of money and spending it on 'make work projects', and then people take the borrowed money and 'spend' it. And when that goes away, what then?
What is closing is longstanding repair shops for machine tools, carbide saws, etc., in other words productive businesses that are part of 'making things', 'producing wealth'. These are dying, being replaced by bars, restaurants and all manner of pure consumption oriented businesses. And why would that be? The 'stimulus' is the Gov borrowing gigatons of money and spending it on 'make work projects', and then people take the borrowed money and 'spend' it. And when that goes away, what then?
Panpiper 2 years ago
Cool tour. How about some general assessment on the direction businesses are heading as the recessions goes by?
drmkkk 2 years ago